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2022
Flag → Flag
Exports $56.1BRnk 22 / 211
2022
Flag → Flag
Top Product $4.63BBroadcasting Equipment
2022
Flag → Flag
Exports $17.4BRnk 10 / 221
2022
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Top Product $1.36BPackaged Medicaments
2022
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Economic Complexity (ECI) ECI 1.12Rnk 22 / 133
2022
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Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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GDP$18TCURRENT US$
Rnk 2 / 186
2012-2022
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GDP GROWTH111%CURRENT US$
Rnk 11 / 186
2022
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 GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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GDP PC $12,720CURRENT US$
Rnk 67 / 186
2012-2022
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GDP PC GROWTH102%CURRENT US$
Rnk 8 / 186
2022
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GDP PC$34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186

About

China-Italy Trade: In 2022, China exported $56.1B to Italy. The main products that China exported to Italy were Broadcasting Equipment ($4.63B), Computers ($1.67B), and Trunks and Cases ($1.17B). Over the past 5 years the exports of China to Italy have increased at an annualized rate of 11.9%, from $32.1B in 2017 to $56.1B in 2022.

In 2022, China did not export any services to Italy.

Italy-China Trade: In 2022, Italy exported $17.4B to China. The main products that Italy exported to China were Packaged Medicaments ($1.36B), Cars ($1.01B), and Trunks and Cases ($721M). Over the past 5 years the exports of Italy to China have increased at an annualized rate of 2.4%,  from $15.5B in 2017 to $17.4B in 2022.

In 2020, Italy exported services to China worth $1.57B, with Royalties and license fees ($749M), Other business services ($391M), and Transportation ($127M) being the largest in terms of value.

Comparison: In 2022,  China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T). That same year, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Latest Trends

September, 2024

About

Overview In September 2024, China exported $3.43B and imported $2.04B from Italy, resulting in a positive trade balance of $1.38B. Between September 2023 and September 2024 the exports of China have decreased by $-324M (-8.63%) from $3.75B to $3.43B, while imports decreased by $-182M (-8.19%) from $2.22B to $2.04B.

Trade In September 2024, the top exports of China to Italy were Telephones ($225M), Trunks and Cases ($115M), Electric Batteries ($112M), Electrical Transformers ($110M), and Semiconductor Devices ($99.9M). In September 2024 the top imports of China from Italy were Trunks and Cases ($228M), Packaged Medicaments ($179M), Cars ($86.1M), Leather Footwear ($81.5M), and Refined Petroleum ($68.8M).

Origins In September 2024 the exports of China were mainly from Guangdong Province ($772M), Zhejiang Province ($649M), Jiangsu Province ($425M), Henan Province ($294M), and Shanghai Province ($255M), while imports destinations were mainly Shanghai Province ($836M), Guangdong Province ($249M), Beijing ($231M), Jiangsu Province ($173M), and Zhejiang Province ($140M).

Growth In September 2024, the decrease in China's year-by-year exports to Italy was explained primarily by an decrease in product exports in Paintings ($-217M or -97.9%), Telephones ($-128M or -36.3%), and Computers ($-77.1M or -53.9%). In September 2024, the decrease in China's year-by-year imports  from Italy was explained primarily by an decrease in product imports  in Jewellery ($-100M or -64.4%), Trunks and Cases ($-58.6M or -20.5%), and Gas Turbines ($-46.6M or -86.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$-324M(-8.63%)
IMPORT GROWTH (September 2023 - September 2024)$-182M(-8.19%)
MAIN EXPORTER (September 2024)Guangdong Province$772M

This section shows exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of China over time.

To check Italy and China trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Italy and China Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, China exported $56.1B to Italy. The main products exported from China to Italy were Broadcasting Equipment ($4.63B), Computers ($1.67B), and Trunks and Cases ($1.17B). During the last 5 years the exports of China to Italy have increased at an annualized rate of 11.9%, from $32.1B in 2017 to $56.1B in 2022.

In 2017, Italy exported $17.4B to China. The main products exported from Italy to China were Packaged Medicaments ($1.36B), Cars ($1.01B), and Trunks and Cases ($721M). During the last 5 years the exports of Italy to China have increased at an annualized rate of 2.4%, from $15.5B in 2022 to $17.4B in 2017.

Exports from China (Flag) to Italy (Flag) (2022)

Exports from Italy (Flag) to China (Flag) (2022)

Market Competitiveness

Color
China
Top DestinationUnited States$551B
Italy
Top DestinationGermany$78.5B

This map shows whether countries import more from China or Italy. Each country is colored based on the difference in imports they receive from China and Italy or the difference in the growth in imports.

In 2022, countries that imported more from China than Italy included United States ($551B), Hong Kong ($276B), and Japan ($178B).

In 2022, countries that imported more from Italy than China included France ($63.8B), Switzerland ($27.8B), and Austria ($15B).

Difference in imports from Italy (Flag) and China (Flag) (2022)

Comparative Advantage China - Italy

Flow
Scale

This chart compares trade between China and Italy by product, considering products traded by both, China and Italy.

During 2022, China had a large net trade with Italy in the exports of Machines ($22.7B), Textiles ($6.1B), and Metals ($5.55B).

During 2017, Italy had a large net trade with China in the exports of Machines ($4.96B), Chemical Products ($2.6B), and Textiles ($1.96B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China Italy+$1.15BTelephones
Top Product Potential Italy China+$676MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2020, Italy exported services to China worth $1.57B, with Royalties and license fees ($749M), Other business services ($391M), and Transportation ($127M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Italy (Flag) to China (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of China and Italy. This means that a dot/product with the flag of China indicates it has a comparative advantage over Italy. Similarly, a dot/product with the flag of Italy indicates it has a comparative advantage over China.

Product Space of China (Flag) and Italy (Flag) (2022)

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