Italy / Australia

Italy-Australia Trade: In 2022, Italy exported $5.74B to Australia. The main products that Italy exported to Australia were Vaccines, blood, antisera, toxins and cultures ($305M), Packaged Medicaments ($269M), and Cars ($156M). Over the past 5 years the exports of Italy to Australia have increased at an annualized rate of 5.15%, from $4.47B in 2017 to $5.74B in 2022.

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 2022, Australia exported $1.21B to Italy. The main products that Australia exported to Italy were Coal Briquettes ($424M), Wool ($150M), and Hot-Rolled Iron ($102M). Over the past 5 years the exports of Australia to Italy have increased at an annualized rate of 12.7%,  from $669M in 2017 to $1.21B in 2022.

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 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).