Italy / Canada

Italy-Canada Trade: In 2022, Italy exported $4.71B to Canada. The main products that Italy exported to Canada were Wine ($458M), Cars ($215M), and Packaged Medicaments ($193M). Over the past 5 years the exports of Italy to Canada have increased at an annualized rate of 16.1%, from $2.23B in 2017 to $4.71B in 2022.

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 2022, Canada exported $1.83B to Italy. The main products that Canada exported to Italy were Wheat ($403M), Packaged Medicaments ($318M), and Soybeans ($233M). Over the past 5 years the exports of Canada to Italy have increased at an annualized rate of 1.6%,  from $1.69B in 2017 to $1.83B in 2022.

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 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).