Italy / Canada

Italy-Canada Trade: In 2023, Italy exported $8.65B to Canada. The main products that Italy exported to Canada were Cars ($539M), Wine ($446M), and Packaged Medicaments ($352M). Over the past 5 years the exports of Italy to Canada have increased at an annualized rate of 5.95%, from $6.48B in 2018 to $8.65B in 2023.

In 2020, Italy exported services to Canada worth $372M, with Travel ($198M), Other business services ($59.4M), and Transportation ($32.2M) being the largest in terms of value.

Canada-Italy Trade: In 2023, Canada exported $2.25B to Italy. The main products that Canada exported to Italy were Wheat ($534M), Packaged Medicaments ($237M), and Planes, Helicopters, and/or Spacecraft ($203M). Over the past 5 years the exports of Canada to Italy have decreased at an annualized rate of 1.03%,  from $2.37B in 2018 to $2.25B in 2023.

In 2020, Canada exported services to Italy worth $198M, with Transportation ($76.8M), Travel ($46.2M), and Computer and information services ($33.6M) 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, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B).