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2023
Flag → Flag
Exports $6.19BRnk 22 / 219
2023
Flag → Flag
Top Product $339MPackaged Medicaments
2023
Flag → Flag
Exports $688MRnk 33 / 211
2023
Flag → Flag
Top Product $139MWool
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.28Rnk 75 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
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GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$1.73TCURRENT US$
Rnk 13 / 195
2013-2023
Flag
GDP GROWTH9.57%CURRENT US$
Rnk 156 / 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$64,821CURRENT US$
Rnk 16 / 196
2013-2023
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GDP PC GROWTH-4.94%CURRENT US$
Rnk 159 / 195

About

Italy-Australia Trade: In 2023, Italy exported $6.19B to Australia. The main products that Italy exported to Australia were Packaged Medicaments ($339M), Cars ($264M), and Trunks and Cases ($250M). Over the past 5 years the exports of Italy to Australia have increased at an annualized rate of 2.88%, from $5.37B in 2018 to $6.19B in 2023.

In 2020, Italy exported services to Australia worth $426M, with Travel ($177M), Other business services ($83.5M), and Royalties and license fees ($73.3M) being the largest in terms of value.

Australia-Italy Trade: In 2023, Australia exported $688M to Italy. The main products that Australia exported to Italy were Wool ($139M), Hot-Rolled Iron ($102M), and Coal Briquettes ($71.2M). Over the past 5 years the exports of Australia to Italy have decreased at an annualized rate of 0.24%,  from $700M in 2018 to $688M in 2023.

In 2009, Australia exported services to Italy worth $250M, with Travel ($203M), Transportation ($18.2M), and Other business services ($16.6M) being the largest in terms of value.

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €426M and imported €40.3M from Australia, resulting in a positive trade balance of €385M. Between October 2023 and October 2024 the exports of Italy have decreased by €-35.9M (-7.78%) from €462M to €426M, while imports decreased by €-38.3M (-48.7%) from €78.6M to €40.3M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-35.9M(-7.78%)
IMPORT GROWTH (October 2023 - October 2024)€-38.3M(-48.7%)

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 Australia and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Australia and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $6.19B to Australia. The main products exported from Italy to Australia were Packaged Medicaments ($339M), Cars ($264M), and Trunks and Cases ($250M). During the last 5 years the exports of Italy to Australia have increased at an annualized rate of 2.88%, from $5.37B in 2018 to $6.19B in 2023.

In 2018, Australia exported $688M to Italy. The main products exported from Australia to Italy were Wool ($139M), Hot-Rolled Iron ($102M), and Coal Briquettes ($71.2M). During the last 5 years the exports of Australia to Italy have decreased at an annualized rate of 0.24%, from $700M in 2023 to $688M in 2018.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Australia
Top DestinationChina$137B

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

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

In 2023, countries that imported more from Australia than Italy included China ($137B), Japan ($59B), and Chinese Taipei ($17.4B).

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

Comparative Advantage Italy - Australia

Flow
Scale

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

During 2023, Italy had a large net trade with Australia in the exports of Machines ($1.98B), Transportation ($777M), and Chemical Products ($766M).

During 2018, Australia had a large net trade with Italy in the exports of Metals ($174M), Textiles ($155M), and Mineral Products ($88.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Australia+$117MCars
Top Product Potential Australia Italy+$137MCoal Briquettes

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 Australia. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over Australia. Similarly, a dot/product with the flag of Australia indicates it has a comparative advantage over Italy.

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

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