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Pricing

2022
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Exports $17.4BRnk 10 / 221
2022
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Top Product $1.36BPackaged Medicaments
2022
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Exports $56.1BRnk 22 / 211
2022
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Top Product $4.63BBroadcasting Equipment
2022
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Economic Complexity (ECI) ECI 1.24Rnk 18 / 124
2022
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Economic Complexity (ECI) ECI 1.01Rnk 24 / 124
2022
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GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$18TCURRENT US$
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2012-2022
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GDP GROWTH111%CURRENT US$
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2022
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GDP PC $34,158CURRENT US$
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2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
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2022
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GDP PC$12,720CURRENT US$
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2012-2022
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GDP PC GROWTH102%CURRENT US$
Rnk 8 / 186

About

Italy-China In 2022, Italy exported $17.4B to China. The main products that Italy exported to China are Packaged Medicaments ($1.36B), Cars ($1.01B), and Trunks and Cases ($721M). During the last 27 years the exports of Italy to China have increased at an annualized rate of 6.91%, from $2.86B in 1995 to $17.4B in 2022.

In 2020, Italy exported services to China worth $1.57B, with Royalties and license fees ($749M), Other business services ($391M), and Transportation ($127M) being the largest in terms of value.

China-Italy In 2022, China exported $56.1B to Italy. The main products that China exported to Italy were Broadcasting Equipment ($4.63B), Computers ($1.67B), and Trunks and Cases ($1.17B). During the last 27 years the exports of China to Italy have increased at an annualized rate of 10.5%, from $3.78B in 1995 to $56.1B in 2022.

In 2022, China did not export any services to Italy.

Comparison In 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B). That same year, China ranked 24 in the Economic Complexity Index (ECI 1.01), and 1 in total exports ($3.73T).

Latest Trends

December, 2023

About

Overview In December 2023, Italy exported €1.44B and imported €2.97B from China, resulting in a negative trade balance of €1.52B. Between December 2022 and December 2023 the exports of Italy have decreased by €-263M (-15.4%) from €1.71B to €1.44B, while imports decreased by €-439M (-12.9%) from €3.41B to €2.97B.

Trade In December 2023, the top exports of Italy to China were Packaged Medicaments (€1.39B), Trunks and Cases (€80.9M), Cars (€45.9M), Reaction and Catalytic Products (€34.5M), and Leather Footwear (€28.8M). In December 2023 the top imports of Italy from China were Telephones (€327M), Nitrogen Heterocyclic Compounds (€251M), Computers (€161M), Coated Flat-Rolled Iron (€136M), and Electrical Transformers (€97.8M).

Growth In December 2023, the decrease in Italy's year-by-year exports to China was explained primarily by an decrease in product exports in Rolling Machines (€-18M or -99.4%), Leather Apparel (€-15.2M or -76.2%), and Washing and Bottling Machines (€-10.2M or -50.7%). In December 2023, the decrease in Italy's year-by-year imports  from China was explained primarily by an decrease in product imports  in Petroleum Gas (€-71.1M or -99.9%), Laboratory Reagents (€-61.3M or -89.7%), and Large Flat-Rolled Stainless Steel (€-37.2M or -80.7%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-263M(-15.4%)
IMPORT GROWTH (December 2022 - December 2023)€-439M(-12.9%)

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 China and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $17.4B to China. The main products exported from Italy to China were Packaged Medicaments ($1.36B), Cars ($1.01B), and Trunks and Cases ($721M). During the last 27 years the exports of Italy to China have increased at an annualized rate of 6.91%, from $2.86B in 1995 to $17.4B in 2022.

In 2022, China exported $56.1B to Italy. The main products exported from China to Italy were Broadcasting Equipment ($4.63B), Computers ($1.67B), and Trunks and Cases ($1.17B). During the last 27 years the exports of China to Italy have increased at an annualized rate of 10.5%, from $3.78B in 1995 to $56.1B in 2022.

Exports from Italy (Flag) to China (Flag) (2022)

Exports from China (Flag) to Italy (Flag) (2022)

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
China
Top DestinationUnited States$551B

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

In 2021, countries that imported more from Italy than China were France ($63.8B), Switzerland ($27.8B), and Austria ($15B).

In 2021, countries that imported more from China than Italy were United States ($551B), Hong Kong ($276B), and Japan ($178B).

Difference in imports from China (Flag) and Italy (Flag) (2022)

Comparative Advantage Italy - China

Flow
Scale

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

During 2022, Italy had a large net trade with China in the exports of Machines ($4.96B), Chemical Products ($2.6B), and Textiles ($1.96B).

During 2022, China had a large net trade with Italy in the exports of Machines ($22.7B), Textiles ($6.1B), and Metals ($5.55B).

Service Trade

Bilateral Service Trade

In 2020, Italy exported services to China worth $1.57B, with Royalties and license fees ($749M), Other business services ($391M), and Transportation ($127M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Italy (Flag) to China (Flag) (2020)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Italy has comparative advantage over China. Similarly, the more yellow a dot/product is, the more China has comparative advantage over Italy.

Product Space of Italy (Flag) and China (Flag) (2022)

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