Gambia (GMB) and Italy (ITA) Trade | The Observatory of Economic Complexity

About

Gambia-Italy Trade: In 2023, Gambia exported $7.93M to Italy. The main products that Gambia exported to Italy were Molluscs ($4.26M), Processed Crustaceans ($2.66M), and Non-fillet Fresh Fish ($541k). Over the past 5 years the exports of Gambia to Italy have increased at an annualized rate of 67.3%, from $605k in 2018 to $7.93M in 2023.

In 2023, Gambia did not export any services to Italy.

Italy-Gambia Trade: In 2023, Italy exported $6.51M to Gambia. The main products that Italy exported to Gambia were Other Agricultural Machinery ($464k), Hard Liquor ($434k), and Prepared Cereals ($370k). Over the past 5 years the exports of Italy to Gambia have decreased at an annualized rate of 6.63%, from $9.17M in 2018 to $6.51M in 2023.

In 2023, Italy did not export any services to Gambia.

Comparison In 2023, Gambia ranked 138 in total exports ($3.16B), and does not have data regarding Economic Complexity Index. That same year, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Gambia exported $7.93M to Italy. The main products exported from Gambia to Italy were Molluscs ($4.26M), Processed Crustaceans ($2.66M), and Non-fillet Fresh Fish ($541k). During the last 5 years the exports of Gambia to Italy have increased at an annualized rate of 67.3%, from $605k in 2018 to $7.93M in 2023.

In 2018, Italy exported $6.51M to Gambia. The main products exported from Italy to Gambia were Other Agricultural Machinery ($464k), Hard Liquor ($434k), and Prepared Cereals ($370k). During the last 5 years the exports of Italy to Gambia have decreased at an annualized rate of 6.63%, from $9.17M in 2023 to $6.51M in 2018.

Exports from Gambia () to Italy () (2023)

Exports from Italy () to Gambia () (2023)

Latest Data

Trade between Gambia () and Italy ()

Gambia Exports

Date

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Gambia
Top DestinationKazakhstan$2.91B

Italy
Top DestinationGermany$71.4B

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

In 2023, countries that imported more from Gambia than Italy included Kazakhstan ($2.91B) and Guinea-Bissau ($59.3M).

In 2023, countries that imported more from Italy than Gambia included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

Difference in imports from Italy () and Gambia () (2023)

Comparative Advantage Gambia - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Gambia had a large net trade with Italy in the exports of Animal Products ($5.27M), Foodstuffs ($2.66M), and Machines ($3.58k).

During 2018, Italy had a large net trade with Gambia in the exports of Machines ($2.05M), Foodstuffs ($1.06M), and Transportation ($563k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Gambia Italy+$1.52MMolluscs

Top Product Potential Italy Gambia+$485kCars

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Gambia () to Italy () (2023)

Exports from Italy () to Gambia () (2023)

Latest Data

Trade between Gambia () and Italy ()

Gambia Exports

Italy Exports

Market Competitiveness

Difference in imports from Italy () and Gambia () (2023)

Comparative Advantage Gambia - Italy

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Gambia () and Italy () (2023)

Keep Exploring