Flag Germany / Italy Flag

2020
FlagFlag
Exports
: $67.3B, Rnk 7 / 220

2020
FlagFlag
Top Product
: $6.92B, Cars

2020
FlagFlag
Exports
: $62.1B, Rnk 1 / 213

2020
FlagFlag
Top Product
: $2.97B, Motor vehicles; parts and accessories (8701 to 8705)

2020
Flag
Economic Complexity (ECI)
: ECI 1.88, Rnk 4 / 127

2020
Flag
Economic Complexity (ECI)
: ECI 1.3, Rnk 19 / 127

2020
Flag  
GDP
: $3.85T, CURRENT US$
Rnk 4 / 204

2010-2020
Flag
GDP GROWTH
: 13.1%, CURRENT US$
Rnk 136 / 204

2020
Flag
 GDP
: $1.89T, CURRENT US$
Rnk 8 / 204

2010-2020
Flag
GDP GROWTH
: -11.4%, CURRENT US$
Rnk 186 / 204

2020
Flag
GDP PC 
: $46,253, CURRENT US$
Rnk 20 / 204

2010-2020
Flag
GDP PC GROWTH
: 11.3%, CURRENT US$
Rnk 110 / 204

2020
Flag
GDP PC
: $31,835, CURRENT US$
Rnk 36 / 204

2010-2020
Flag
GDP PC GROWTH
: -11.7%, CURRENT US$
Rnk 172 / 204

Germany-Italy In 2020, Germany exported $67.3B to Italy. The main products that Germany exported to Italy are Cars ($6.92B), Packaged Medicaments ($3.08B), and Vaccines, blood, antisera, toxins and cultures ($2.32B). During the last 25 years the exports of Germany to Italy have increased at an annualized rate of 2.29%, from $38.3B in 1995 to $67.3B in 2020.

In 2020, Germany exported services to Italy worth $7.22B, with Other business services ($2.26B), Transportation ($1.35B), and Computer and information services ($1.08B) being the largest in terms of value.

Italy-Germany In 2020, Italy exported $62.1B to Germany. The main products that Italy exported to Germany were Motor vehicles; parts and accessories (8701 to 8705) ($2.97B), Cars ($2.82B), and Packaged Medicaments ($2.55B). During the last 25 years the exports of Italy to Germany have increased at an annualized rate of 1.52%, from $42.6B in 1995 to $62.1B in 2020.

In 2020, Italy exported services to Germany worth $8.99B, with Travel ($4.2B), Other business services ($2.14B), and Computer and information services ($910M) being the largest in terms of value.

Comparison In 2020,  Germany ranked 4 in the Economic Complexity Index (ECI 1.88), and 3 in total exports ($1.33T). That same year, Italy ranked 19 in the Economic Complexity Index (ECI 1.3), and 7 in total exports ($481B).

Historical Data

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2020, Germany exported $67.3B to Italy. The main products exported from Germany to Italy were Cars ($6.92B), Packaged Medicaments ($3.08B), and Vaccines, blood, antisera, toxins and cultures ($2.32B). During the last 25 years the exports of Germany to Italy have increased at an annualized rate of 2.29%, from $38.3B in 1995 to $67.3B in 2020.

In 2020, Italy exported $62.1B to Germany. The main products exported from Italy to Germany were Motor vehicles; parts and accessories (8701 to 8705) ($2.97B), Cars ($2.82B), and Packaged Medicaments ($2.55B). During the last 25 years the exports of Italy to Germany have increased at an annualized rate of 1.52%, from $42.6B in 1995 to $62.1B in 2020.

Market Competitiveness

#permalink to section
Measure

Germany
Top Destination
: United States, $116B

Italy
Top Destination
: Germany, $62.1B

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

In 2019, countries that imported more from Germany than Italy were China ($106B), Netherlands ($84.8B), and United States ($116B).

In 2019, countries that imported more from Italy than Germany were Tunisia ($2.72B), Albania ($1.42B), and Malta ($1.39B).

Comparative Advantage Germany - Italy

#permalink to section
Flow
Scale

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

During 2020, Germany had a large net trade with Italy in the exports of Machines ($16.7B), Chemical Products ($11B), and Transportation ($10.9B).

During 2020, Italy had a large net trade with Germany in the exports of Machines ($13.5B), Metals ($7.97B), and Transportation ($7.64B).

Bilateral Service Trade

#permalink to section

In 2020, Germany exported services to Italy worth $7.22B, with Other business services ($2.26B), Transportation ($1.35B), and Computer and information services ($1.08B) being the largest in terms of value.

In 2020, Italy exported services to Germany worth $8.99B, with Travel ($4.2B), Other business services ($2.14B), and Computer and information services ($910M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Germany has comparative advantage over Italy. Similarly, the more yellow a dot/product is, the more Italy has comparative advantage over Germany.