2023
Flag  
GDP
$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH
6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP
$164BCURRENT US$
Rnk 59 / 195
2013-2023
Flag
GDP GROWTH
244%CURRENT US$
Rnk 2 / 195
2023
Flag
GDP PC 
$39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH
9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC
$1,272CURRENT US$
Rnk 172 / 196
2013-2023
Flag
GDP PC GROWTH
163%CURRENT US$
Rnk 3 / 195

About

Italy-Ethiopia Trade: In 2023, Italy exported $231M to Ethiopia. The main products that Italy exported to Ethiopia were Electric Generating Sets ($9.6M), Packaged Medicaments ($9.14M), and Delivery Trucks ($8.67M). Over the past 5 years the exports of Italy to Ethiopia have decreased at an annualized rate of 10.5%, from $402M in 2018 to $231M in 2023.

In 2023, Italy did not export any services to Ethiopia.

Ethiopia-Italy Trade: In 2023, Ethiopia exported $94M to Italy. The main products that Ethiopia exported to Italy were Coffee ($41.2M), Light Rubberized Knitted Fabric ($9.67M), and Flax Yarn ($8.22M). Over the past 5 years the exports of Ethiopia to Italy have increased at an annualized rate of 5.66%,  from $71.4M in 2018 to $94M in 2023.

In 2023, Ethiopia did not export any services to Italy.

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Ethiopia ranked 101 in the Economic Complexity Index (ECI -0.84), and 137 in total exports ($3.97B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $231M to Ethiopia. The main products exported from Italy to Ethiopia were Electric Generating Sets ($9.6M), Packaged Medicaments ($9.14M), and Delivery Trucks ($8.67M). During the last 5 years the exports of Italy to Ethiopia have decreased at an annualized rate of 10.5%, from $402M in 2018 to $231M in 2023.

In 2018, Ethiopia exported $94M to Italy. The main products exported from Ethiopia to Italy were Coffee ($41.2M), Light Rubberized Knitted Fabric ($9.67M), and Flax Yarn ($8.22M). During the last 5 years the exports of Ethiopia to Italy have increased at an annualized rate of 5.66%, from $71.4M in 2023 to $94M in 2018.

Exports from Italy (Flag) to Ethiopia (Flag) (2023)

Exports from Ethiopia (Flag) to Italy (Flag) (2023)

Market Competitiveness

Color
Italy
Top Destination
Germany$71.4B
Ethiopia
Top Destination
United States$487M

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

In 2023, countries that imported more from Italy than Ethiopia included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

In 2023, countries that imported more from Ethiopia than Italy included Djibouti ($155M), Somalia ($142M), and Sudan ($52.8M).

Difference in imports from Ethiopia (Flag) and Italy (Flag) (2023)

Comparative Advantage Italy - Ethiopia

Flow
Scale

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

During 2023, Italy had a large net trade with Ethiopia in the exports of Machines ($101M), Chemical Products ($27.8M), and Transportation ($24.9M).

During 2018, Ethiopia had a large net trade with Italy in the exports of Vegetable Products ($54.3M), Textiles ($30.7M), and Machines ($2.69M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Ethiopia+$12.5MVaccines, blood, antisera, toxins and cultures
Top Product Potential Ethiopia Italy+$36.3MCoffee

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Italy and Ethiopia. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over Ethiopia. Similarly, a dot/product with the flag of Ethiopia indicates it has a comparative advantage over Italy.

Product Space of Italy (Flag) and Ethiopia (Flag) (2023)

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