United Kingdom (GBR) and Italy (ITA) Trade | The Observatory of Economic Complexity

- Company Explorer
  PREMIUM
- Trend Explorer
  PRO
- - Tree map
  - Stacked
  - Network
  - Map
  - Scatter
- Data Availability
- - API Documentation
    PRO
  - Notebooks
    NEW
  - Data Explorer
    PRO
- - Bill of Lading
    PREMIUM
  - National Datasets
    PREMIUM
  - Product Datasets
    NEW
  - International Datasets
- - Countries (ECI)
  - Products (PCI)
- ECI Legacy Rankings
- PCI Legacy Rankings

Pricing

United Kingdom (GBR) and Italy (ITA) Trade

2022

→

Exports $9.78BRnk 10 / 224

2022

→

About

United Kingdom-Italy In 2022, United Kingdom exported $9.78B to Italy. The main products that United Kingdom exported to Italy are Cars ($1.08B), Gas Turbines ($545M), and Crude Petroleum ($519M). During the last 27 years the exports of United Kingdom to Italy have decreased at an annualized rate of 0.76%, from $12B in 1995 to $9.78B in 2022.

In 2019, United Kingdom exported services to Italy worth $12.2B, with Travel ($5.54B), Other business services ($1.96B), and Transportation ($1.71B) being the largest in terms of value.

Italy-United Kingdom In 2022, Italy exported $28.5B to United Kingdom. The main products that Italy exported to United Kingdom were Packaged Medicaments ($2.11B), Motor vehicles; parts and accessories (8701 to 8705) ($962M), and Wine ($895M). During the last 27 years the exports of Italy to United Kingdom have increased at an annualized rate of 2.64%, from $14.1B in 1995 to $28.5B in 2022.

In 2020, Italy exported services to United Kingdom worth $5.67B, with Other business services ($1.68B), Travel ($1.62B), and Communications services ($720M) being the largest in terms of value.

Comparison In 2022, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.38), and 14 in total exports ($469B). That same year, Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B).

Latest Trends

January, 2024

About

Overview In January 2024, United Kingdom exported £638M and imported £1.61B from Italy, resulting in a negative trade balance of £967M. Between January 2023 and January 2024 the exports of United Kingdom have decreased by £-199M (-23.8%) from £837M to £638M, while imports increased by £32.9M (2.09%) from £1.57B to £1.61B.

Trade In January 2024, the top exports of United Kingdom to Italy were Cars (£108M), Crude Petroleum (£83.6M), Gas Turbines (£56.1M), Precious Metal Scraps (£25.5M), and Silver (£24.9M). In January 2024 the top imports of United Kingdom from Italy were Cars (£65.8M), Packaged Medicaments (£65.1M), Motor vehicles; parts and accessories (8701... (£56.4M), Wine (£43.9M), and Gas Turbines (£42.1M).

Origins In January 2024 the exports of United Kingdom were mainly from Dover Eurotunnel (£292M), London Heathrow Airport (£43.5M), East Midlands Airport (£41.7M), Dover (£29.4M), and Killingholme (£22.5M), while imports destinations were mainly Dover (£551M), Eurotunnel (£196M), London (£136M), Dover Eurotunnel (£92.4M), and London Heathrow Airport (£81.5M).

Growth In January 2024, the decrease in United Kingdom's year-by-year exports to Italy was explained primarily by an decrease in product exports in Precious Metal Compounds (£-3.96M or -74.6%), Platinum (£-3.7M or -13.3%), and Hot-Rolled Iron Bars (£-3.66M or -66.7%). In January 2024, the increase in United Kingdom's year-by-year imports from Italy was explained primarily by an increase in product imports in Cars (£26.9M or 69.1%), Motor vehicles; parts and accessories (8701... (£17.5M or 44.9%), and Planes, Helicopters, and/or Spacecraft (£16.6M or 881%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£-199M(-23.8%)

IMPORT GROWTH (January 2023 - January 2024)£32.9M(2.09%)

MAIN EXPORTER (January 2024)Dover Eurotunnel£292M

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

To check Italy and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Italy and United Kingdom Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United Kingdom exported $9.78B to Italy. The main products exported from United Kingdom to Italy were Cars ($1.08B), Gas Turbines ($545M), and Crude Petroleum ($519M). During the last 27 years the exports of United Kingdom to Italy have decreased at an annualized rate of 0.76%, from $12B in 1995 to $9.78B in 2022.

In 2022, Italy exported $28.5B to United Kingdom. The main products exported from Italy to United Kingdom were Packaged Medicaments ($2.11B), Motor vehicles; parts and accessories (8701 to 8705) ($962M), and Wine ($895M). During the last 27 years the exports of Italy to United Kingdom have increased at an annualized rate of 2.64%, from $14.1B in 1995 to $28.5B in 2022.

Exports from United Kingdom () to Italy () (2022)

Exports from Italy () to United Kingdom () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United Kingdom
Top DestinationUnited States$61.8B

Italy
Top DestinationGermany$78.5B

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

In 2021, countries that imported more from United Kingdom than Italy were Ireland ($32.6B), Netherlands ($41.9B), and China ($35.4B).

In 2021, countries that imported more from Italy than United Kingdom were Germany ($78.5B), France ($63.8B), and Spain ($32.8B).

Difference in imports from Italy () and United Kingdom () (2022)

Comparative Advantage United Kingdom - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United Kingdom had a large net trade with Italy in the exports of Machines ($2.41B), Transportation ($1.86B), and Metals ($855M).

During 2022, Italy had a large net trade with United Kingdom in the exports of Machines ($5.95B), Chemical Products ($3.67B), and Transportation ($3.58B).

Service Trade

Bilateral Service Trade

Ita Year

Gbr Year

In 2019, United Kingdom exported services to Italy worth $12.2B, with Travel ($5.54B), Other business services ($1.96B), and Transportation ($1.71B) being the largest in terms of value.

In 2020, Italy exported services to United Kingdom worth $5.67B, with Other business services ($1.68B), Travel ($1.62B), and Communications services ($720M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United Kingdom () to Italy () (2019)

Services Exports from Italy () to United Kingdom () (2020)

Economic Complexity

Competitive Landscape

Year

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 United Kingdom has comparative advantage over Italy. Similarly, the more yellow a dot/product is, the more Italy has comparative advantage over United Kingdom.

Product Space of United Kingdom () and Italy () (2022)

Keep Exploring

United Kingdom
Ireland
United Kingdom
Iceland
France
Italy
Gibraltar
Italy

Have questions, comments, or concerns?
Send us an e-mail: [email protected]

Follow @OECtoday on

Created, Designed, and Developed by:

In collaboration with

About the OEC Privacy Policy Terms