Flag Italy / Czechia Flag

2021
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Exports
: $8.51B, Rnk 16 / 221

2021
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Top Product
: $383M, Motor vehicles; parts and accessories (8701 to 8705)

2021
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Exports
: $9.34B, Rnk 6 / 204

2021
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Top Product
: $1.12B, Cars

2021
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Economic Complexity (ECI)
: ECI 1.27, Rnk 19 / 131

2021
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Economic Complexity (ECI)
: ECI 1.56, Rnk 7 / 131

2021
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GDP
: $2.1T, CURRENT US$
Rnk 8 / 182

2011-2021
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GDP GROWTH
: -8.5%, CURRENT US$
Rnk 164 / 182

2021
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 GDP
: $282B, CURRENT US$
Rnk 45 / 182

2011-2021
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GDP GROWTH
: 23%, CURRENT US$
Rnk 103 / 182

2021
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GDP PC 
: $35,551, CURRENT US$
Rnk 27 / 182

2011-2021
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GDP PC GROWTH
: -8.02%, CURRENT US$
Rnk 146 / 182

2021
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GDP PC
: $26,378, CURRENT US$
Rnk 36 / 182

2011-2021
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GDP PC GROWTH
: 20.6%, CURRENT US$
Rnk 72 / 182

Italy-Czechia In 2021, Italy exported $8.51B to Czechia. The main products that Italy exported to Czechia are Motor vehicles; parts and accessories (8701 to 8705) ($383M), Other Small Iron Pipes ($194M), and Packaged Medicaments ($163M). During the last 26 years the exports of Italy to Czechia have increased at an annualized rate of 7.25%, from $1.38B in 1995 to $8.51B in 2021.

In 2020, Italy exported services to Czechia worth $915M, with Travel ($417M), Other business services ($200M), and Transportation ($159M) being the largest in terms of value.

Czechia-Italy In 2021, Czechia exported $9.34B to Italy. The main products that Czechia exported to Italy were Cars ($1.12B), Electricity ($617M), and Rolled Tobacco ($300M). During the last 26 years the exports of Czechia to Italy have increased at an annualized rate of 9.62%, from $857M in 1995 to $9.34B in 2021.

In 2019, Czechia exported services to Italy worth $700M, with Transportation ($263M), Travel ($257M), and Other business services ($95.7M) being the largest in terms of value.

Comparison In 2021,  Italy ranked 19 in the Economic Complexity Index (ECI 1.27), and 7 in total exports ($597B). That same year, Czechia ranked 7 in the Economic Complexity Index (ECI 1.56), and 29 in total exports ($225B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, Italy exported $8.51B to Czechia. The main products exported from Italy to Czechia were Motor vehicles; parts and accessories (8701 to 8705) ($383M), Other Small Iron Pipes ($194M), and Packaged Medicaments ($163M). During the last 26 years the exports of Italy to Czechia have increased at an annualized rate of 7.25%, from $1.38B in 1995 to $8.51B in 2021.

In 2021, Czechia exported $9.34B to Italy. The main products exported from Czechia to Italy were Cars ($1.12B), Electricity ($617M), and Rolled Tobacco ($300M). During the last 26 years the exports of Czechia to Italy have increased at an annualized rate of 9.62%, from $857M in 1995 to $9.34B in 2021.

Czechia Exports

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Market Competitiveness

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Color

Italy
Top Destination
: Germany, $78.4B

Czechia
Top Destination
: Germany, $70.5B

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

In 2021, countries that imported more from Italy than Czechia were United States ($58.1B), France ($61.6B), and Spain ($29.7B).

In 2021, countries that imported more from Czechia than Italy were Slovakia ($17.8B), Hungary ($7.16B), and Saint Helena ($1.46M).

Comparative Advantage Italy - Czechia

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Flow
Scale

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

During 2021, Italy had a large net trade with Czechia in the exports of Machines ($2.42B), Metals ($1.78B), and Transportation ($802M).

During 2021, Czechia had a large net trade with Italy in the exports of Machines ($2.77B), Transportation ($1.57B), and Metals ($1.01B).

Bilateral Service Trade

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In 2020, Italy exported services to Czechia worth $915M, with Travel ($417M), Other business services ($200M), and Transportation ($159M) being the largest in terms of value.

In 2019, Czechia exported services to Italy worth $700M, with Transportation ($263M), Travel ($257M), and Other business services ($95.7M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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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 Czechia. Similarly, the more yellow a dot/product is, the more Czechia has comparative advantage over Italy.