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2023
Flag → Flag
Exports $94.7BRnk 5 / 220
2023
Flag → Flag
Top Product $11BCars
2023
Flag → Flag
Exports $71.4BRnk 1 / 219
2023
Flag → Flag
Top Product $3.68BCars
2023
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Economic Complexity (ECI) ECI 1.79Rnk 5 / 132
2023
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Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
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GDP$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
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GDP GROWTH18.8%CURRENT US$
Rnk 144 / 195
2023
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 GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
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GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
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GDP PC $54,343CURRENT US$
Rnk 21 / 195
2013-2023
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GDP PC GROWTH15.1%CURRENT US$
Rnk 118 / 195
2023
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GDP PC$39,003CURRENT US$
Rnk 32 / 196
2013-2023
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GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195

About

Germany-Italy Trade: In 2023, Germany exported $94.7B to Italy. The main products that Germany exported to Italy were Cars ($11B), Packaged Medicaments ($5.17B), and Motor vehicles; parts and accessories (8701 to 8705) ($3.03B). Over the past 5 years the exports of Germany to Italy have increased at an annualized rate of 2.94%, from $81.9B in 2018 to $94.7B in 2023.

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 N/A, Italy did not export any products to Germany.

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 2023,  Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T). That same year, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Latest Trends

November, 2024

About

Overview In November 2024, Germany exported €6.64B and imported €5.59B from Italy, resulting in a positive trade balance of €1.04B. Between November 2023 and November 2024 the exports of Germany have decreased by €-1.08B (-14%) from €7.72B to €6.64B, while imports decreased by €-611M (-9.84%) from €6.2B to €5.59B.

Trade In November 2024, the top exports of Germany to Italy were Pharmaceutical products (€1.14B), Motor cars and motor caravans (€633M), Machinery for electricity production, distribution (€406M), Estimations for non-response (€337M), and Plastics (€289M). In November 2024 the top imports of Germany from Italy were Estimations for non-response (€511M), Estimations for exemptions (€293M), Chassis, bodies, engines etc. for motor... (€285M), Machinery for electricity production, distribution (€240M), and Motor cars and motor caravans (€220M).

Origins In November 2024 the exports of Germany were mainly from Bavaria (€1.18B), Baden-Württemberg (€1.12B), North Rhine-Westphalia (€947M), Lower Saxony (€453M), and Hesse (€330M), while imports destinations were mainly Baden-Württemberg (€1.17B), North Rhine-Westphalia (€1.11B), Bavaria (€1.09B), Hesse (€452M), and Lower Saxony (€423M).

Growth In November 2024, the decrease in Germany's year-by-year exports to Italy was explained primarily by an decrease in product exports in Aircraft (€-70.2M or -90%), Waste and scrap of iron or... (€-68.3M or -60.9%), and Plastics (€-60.6M or -17.3%). In November 2024, the decrease in Germany's year-by-year imports  from Italy was explained primarily by an decrease in product imports  in Pharmaceutical products (€-120M or -36.5%), Plates and sheets of iron or... (€-77.8M or -41.6%), and Other semi-finished products (€-61.1M or -41.3%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€-1.08B(-14%)
IMPORT GROWTH (November 2023 - November 2024)€-611M(-9.84%)
MAIN EXPORTER (November 2024)Bavaria€1.18B

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

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

For full datasets download visit Bulk Download page.

Explore Italy and Germany Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Germany exported $94.7B to Italy. The main products exported from Germany to Italy were Cars ($11B), Packaged Medicaments ($5.17B), and Motor vehicles; parts and accessories (8701 to 8705) ($3.03B). During the last 5 years the exports of Germany to Italy have increased at an annualized rate of 2.94%, from $81.9B in 2018 to $94.7B in 2023.

Italy does not register exports to Germany. The main products exported from Italy to Germany were Cars ($3.68B), Motor vehicles; parts and accessories (8701 to 8705) ($3.44B), and Packaged Medicaments ($2.56B).

Exports from Germany (Flag) to Italy (Flag) (2023)

Exports from Italy (Flag) to Germany (Flag) (2023)

Market Competitiveness

Color
Germany
Top DestinationUnited States$157B
Italy
Top DestinationGermany$71.4B

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 2023, countries that imported more from Germany than Italy included Netherlands ($108B), United States ($157B), and China ($104B).

In 2023, countries that imported more from Italy than Germany included Gibraltar ($2.68B), Tunisia ($3.31B), and Albania ($1.9B).

Difference in imports from Italy (Flag) and Germany (Flag) (2023)

Comparative Advantage Germany - Italy

Flow
Scale

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

During 2023, Germany had a large net trade with Italy in the exports of Machines ($23.3B), Transportation ($17B), and Chemical Products ($14B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Italy+$451MCars
Top Product Potential Italy Germany+$653MCars

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, 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.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Germany (Flag) and Italy (Flag) (2023)

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