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2022
Flag → Flag
Exports $28.5BRnk 5 / 221
2022
Flag → Flag
Top Product $2.11BPackaged Medicaments
2022
Flag → Flag
Exports $9.78BRnk 10 / 224
2022
Flag → Flag
Top Product $1.08BCars
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
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 Trade: In 2022, Italy exported $28.5B to United Kingdom. The main products that Italy exported to United Kingdom were Packaged Medicaments ($2.11B), Motor vehicles; parts and accessories (8701 to 8705) ($962M), and Wine ($895M). Over the past 5 years the exports of Italy to United Kingdom have increased at an annualized rate of 2.09%, from $25.7B in 2017 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 Trade: 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). Over the past 5 years the exports of United Kingdom to Italy have decreased at an annualized rate of 3.86%,  from $12.9B in 2017 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 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Latest Trends

July, 2024

About

Overview In July 2024, Italy exported €2.37B and imported €731M from United Kingdom, resulting in a positive trade balance of €1.64B. Between July 2023 and July 2024 the exports of Italy have increased by €75.6M (3.29%) from €2.3B to €2.37B, while imports increased by €41.5M (6.02%) from €689M to €731M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€75.6M(3.29%)
IMPORT GROWTH (July 2023 - July 2024)€41.5M(6.02%)

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.

Explore United Kingdom and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $28.5B to United Kingdom. The main products exported from Italy to United Kingdom were Packaged Medicaments ($2.11B), Motor vehicles; parts and accessories (8701 to 8705) ($962M), and Wine ($895M). During the last 5 years the exports of Italy to United Kingdom have increased at an annualized rate of 2.09%, from $25.7B in 2017 to $28.5B in 2022.

In 2017, 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 5 years the exports of United Kingdom to Italy have decreased at an annualized rate of 3.86%, from $12.9B in 2022 to $9.78B in 2017.

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 2022, countries that imported more from Italy than United Kingdom included Germany ($78.5B), France ($63.8B), and Spain ($32.8B).

In 2022, countries that imported more from United Kingdom than Italy included 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 Machines ($5.95B), Chemical Products ($3.67B), and Transportation ($3.58B).

During 2017, United Kingdom had a large net trade with Italy in the exports of Machines ($2.41B), Transportation ($1.86B), and Metals ($855M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy United Kingdom+$486MCars
Top Product Potential United Kingdom Italy+$473MCars

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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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)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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