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Pricing

2022
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Exports $28.5BRnk 5 / 221
2022
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Exports $9.78BRnk 10 / 224
2022
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Top Product $1.08BCars
2022
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Economic Complexity (ECI) ECI 1.24Rnk 18 / 124
2022
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Economic Complexity (ECI) ECI 1.38Rnk 12 / 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$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
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GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
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GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC$45,850CURRENT US$
Rnk 23 / 186
2012-2022
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GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Italy-United Kingdom In 2022, Italy exported $28.5B to United Kingdom. The main products that Italy exported to United Kingdom are N/A. During the last 27 years the exports of Italy to United Kingdom have increased at an annualized rate of 2.64%, from $14.1B in 1995 to $28.5B in 2022.

In 2020, Italy exported services to United Kingdom worth $5.67B, with Other business services ($1.68B), Travel ($1.62B), and Communications services ($720M) being the largest in terms of value.

United Kingdom-Italy In 2022, United Kingdom exported $9.78B to Italy. The main products that United Kingdom exported to Italy were Cars ($1.08B), Gas Turbines ($545M), and Crude Petroleum ($519M). During the last 27 years the exports of United Kingdom to Italy have decreased at an annualized rate of 0.76%, from $12B in 1995 to $9.78B in 2022.

In 2019, United Kingdom exported services to Italy worth $12.2B, with Travel ($5.54B), Other business services ($1.96B), and Transportation ($1.71B) being the largest in terms of value.

Comparison In 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B). That same year, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.38), and 14 in total exports ($469B).

Latest Trends

December, 2023

About

Overview In December 2023, Italy exported €1.66B and imported €543M from United Kingdom, resulting in a positive trade balance of €1.12B. Between December 2022 and December 2023 the exports of Italy have decreased by €-153M (-8.42%) from €1.81B to €1.66B, while imports decreased by €-50.5M (-8.51%) from €593M to €543M.

Trade In December 2023, the top exports of Italy to United Kingdom were Motor vehicles; parts and accessories (8701... (€79.4M), Cars (€65.3M), Packaged Medicaments (€57.3M), Other Furniture (€54.7M), and Platinum (€52.2M). In December 2023 the top imports of Italy from United Kingdom were Cars (€75M), Crude Petroleum (€45.2M), Platinum (€28.2M), Refined Petroleum (€26.1M), and Vaccines, blood, antisera, toxins and cultures (€26M).

Growth In December 2023, the decrease in Italy's year-by-year exports to United Kingdom was explained primarily by an decrease in product exports in Packaged Medicaments (€-10.8M or -15.9%), Wine (€-9.51M or -18.8%), and Delivery Trucks (€-7.1M or -19.1%). In December 2023, the decrease in Italy's year-by-year imports  from United Kingdom was explained primarily by an decrease in product imports  in Platinum (€-18.7M or -39.8%), Aircraft parts including unmanned craft (€-11.5M or -90.1%), and Vaccines, blood, antisera, toxins and cultures (€-6.13M or -19.1%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-153M(-8.42%)
IMPORT GROWTH (December 2022 - December 2023)€-50.5M(-8.51%)

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 United Kingdom 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 $28.5B to United Kingdom. There were not main exports from Italy to United Kingdom in 2022. During the last 27 years the exports of Italy to United Kingdom have increased at an annualized rate of 2.64%, from $14.1B in 1995 to $28.5B in 2022.

In 2022, United Kingdom exported $9.78B to Italy. The main products exported from United Kingdom to Italy were Cars ($1.08B), Gas Turbines ($545M), and Crude Petroleum ($519M). During the last 27 years the exports of United Kingdom to Italy have decreased at an annualized rate of 0.76%, from $12B in 1995 to $9.78B in 2022.

Exports from Italy (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Italy (Flag) (2022)

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
United Kingdom
Top DestinationUnited States$61.8B

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

In 2021, countries that imported more from Italy than United Kingdom were Germany ($78.5B), France ($63.8B), and Spain ($32.8B).

In 2021, countries that imported more from United Kingdom than Italy were Ireland ($32.6B), Netherlands ($41.9B), and China ($35.4B).

Difference in imports from United Kingdom (Flag) and Italy (Flag) (2022)

Comparative Advantage Italy - United Kingdom

Flow
Scale

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

During 2022, Italy had a large net trade with United Kingdom in the exports of N/A.

During 2022, United Kingdom had a large net trade with Italy in the exports of Machines ($2.41B), Transportation ($1.86B), and Metals ($855M).

Service Trade

Bilateral Service Trade

In 2020, Italy exported services to United Kingdom worth $5.67B, with Other business services ($1.68B), Travel ($1.62B), and Communications services ($720M) being the largest in terms of value.

In 2019, United Kingdom exported services to Italy worth $12.2B, with Travel ($5.54B), Other business services ($1.96B), and Transportation ($1.71B) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Italy (Flag) to United Kingdom (Flag) (2020)

Services Exports from United Kingdom (Flag) to Italy (Flag) (2019)

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

Product Space of Italy (Flag) and United Kingdom (Flag) (2022)

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