2022
Flag  
GDP
$18TCURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP GROWTH
111%CURRENT US$
Rnk 11 / 186
2022
Flag
 GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH
-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
GDP PC 
$12,720CURRENT US$
Rnk 67 / 186
2012-2022
Flag
GDP PC GROWTH
102%CURRENT US$
Rnk 8 / 186
2022
Flag
GDP PC
$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH
-2.55%CURRENT US$
Rnk 148 / 186

About

China-Italy Trade: In 2022, China exported $32.1B 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 53.3%, from $3.78B in 2017 to $32.1B in 2022.

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

Italy-China Trade: In 2022, Italy exported $15.5B 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 40.1%,  from $2.86B in 2017 to $15.5B 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).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, China exported $32.1B 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 53.3%, from $3.78B in 2017 to $32.1B in 2022.

In 2017, Italy exported $15.5B 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 22 years the exports of Italy to China have increased at an annualized rate of 40.1%, from $2.86B in 1995 to $15.5B in 2017.

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

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

Market Competitiveness

Color
China
Top Destination
United States$551B
Italy
Top Destination
Germany$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).

Service Trade

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)

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)

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with