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2023
Flag → Flag
Exports $8.52BRnk 17 / 219
2023
Flag → Flag
Top Product $1.48BJewellery
2023
Flag → Flag
Exports $2.42BRnk 26 / 216
2023
Flag → Flag
Top Product $783MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
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Economic Complexity (ECI) ECI 0.15Rnk 54 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$514BCURRENT US$
Rnk 27 / 195
2013-2023
Flag
GDP GROWTH28.5%CURRENT US$
Rnk 118 / 195
2023
Flag
GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$49,041CURRENT US$
Rnk 27 / 196
2013-2023
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GDP PC GROWTH-5.73%CURRENT US$
Rnk 161 / 195

About

Italy-United Arab Emirates Trade: In 2023, Italy exported $8.52B to United Arab Emirates. The main products that Italy exported to United Arab Emirates were Jewellery ($1.48B), Trunks and Cases ($416M), and Leather Footwear ($293M). Over the past 5 years the exports of Italy to United Arab Emirates have increased at an annualized rate of 6.43%, from $6.24B in 2018 to $8.52B in 2023.

In 2023, Italy did not export any services to United Arab Emirates.

United Arab Emirates-Italy Trade: In 2023, United Arab Emirates exported $2.42B to Italy. The main products that United Arab Emirates exported to Italy were Crude Petroleum ($783M), Refined Petroleum ($714M), and Raw Aluminium ($403M). Over the past 5 years the exports of United Arab Emirates to Italy have increased at an annualized rate of 11.5%,  from $1.41B in 2018 to $2.42B in 2023.

In 2023, United Arab Emirates did not export any services to Italy.

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, United Arab Emirates ranked 54 in the Economic Complexity Index (ECI 0.15), and 21 in total exports ($357B).

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €699M and imported €184M from United Arab Emirates, resulting in a positive trade balance of €515M. Between October 2023 and October 2024 the exports of Italy have increased by €143M (25.7%) from €556M to €699M, while imports decreased by €-131M (-41.6%) from €314M to €184M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€143M(25.7%)
IMPORT GROWTH (October 2023 - October 2024)€-131M(-41.6%)

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

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

For full datasets download visit Bulk Download page.

Explore United Arab Emirates and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $8.52B to United Arab Emirates. The main products exported from Italy to United Arab Emirates were Jewellery ($1.48B), Trunks and Cases ($416M), and Leather Footwear ($293M). During the last 5 years the exports of Italy to United Arab Emirates have increased at an annualized rate of 6.43%, from $6.24B in 2018 to $8.52B in 2023.

In 2018, United Arab Emirates exported $2.42B to Italy. The main products exported from United Arab Emirates to Italy were Crude Petroleum ($783M), Refined Petroleum ($714M), and Raw Aluminium ($403M). During the last 5 years the exports of United Arab Emirates to Italy have increased at an annualized rate of 11.5%, from $1.41B in 2023 to $2.42B in 2018.

Exports from Italy (Flag) to United Arab Emirates (Flag) (2023)

Exports from United Arab Emirates (Flag) to Italy (Flag) (2023)

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
United Arab Emirates
Top DestinationChina$40.2B

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

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

In 2023, countries that imported more from United Arab Emirates than Italy included India ($38.2B), Japan ($37.4B), and Iraq ($22.6B).

Difference in imports from United Arab Emirates (Flag) and Italy (Flag) (2023)

Comparative Advantage Italy - United Arab Emirates

Flow
Scale

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

During 2023, Italy had a large net trade with United Arab Emirates in the exports of Machines ($1.76B), Precious Metals ($1.55B), and Chemical Products ($863M).

During 2018, United Arab Emirates had a large net trade with Italy in the exports of Mineral Products ($1.51B), Metals ($475M), and Precious Metals ($91.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy United Arab Emirates+$118MCars
Top Product Potential United Arab Emirates Italy+$360MCrude Petroleum

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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Economic Complexity

Competitive Landscape

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

Product Space of Italy (Flag) and United Arab Emirates (Flag) (2023)

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