2022
Flag  
GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH
-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
 GDP
$11.8BCURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP GROWTH
-47.2%CURRENT US$
Rnk 184 / 186
2022
Flag
GDP PC 
$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH
-2.55%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC
$7,053CURRENT US$
Rnk 90 / 186
2012-2022
Flag
GDP PC GROWTH
-62.4%CURRENT US$
Rnk 186 / 186

About

Italy-Equatorial Guinea Trade: In 2022, Italy exported $27.6M to Equatorial Guinea. The main products that Italy exported to Equatorial Guinea were Gas Turbines ($6.55M), Refined Petroleum ($6.27M), and Poultry Meat ($2.55M). Over the past 5 years the exports of Italy to Equatorial Guinea have decreased at an annualized rate of 3.23%, from $32.6M in 2017 to $27.6M in 2022.

In 2022, Italy did not export any services to Equatorial Guinea.

Equatorial Guinea-Italy Trade: In 2022, Equatorial Guinea exported $506M to Italy. The main products that Equatorial Guinea exported to Italy were Petroleum Gas ($252M), Crude Petroleum ($251M), and Veneer Sheets ($2.76M). Over the past 5 years the exports of Equatorial Guinea to Italy have increased at an annualized rate of 31.6%,  from $128M in 2017 to $506M in 2022.

In 2022, Equatorial Guinea did not export any services to Italy.

Comparison In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29),  and 7 in total exports ($634B). That same year, Equatorial Guinea ranked 108 in total exports ($8.63B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $27.6M to Equatorial Guinea. The main products exported from Italy to Equatorial Guinea were Gas Turbines ($6.55M), Refined Petroleum ($6.27M), and Poultry Meat ($2.55M). During the last 5 years the exports of Italy to Equatorial Guinea have decreased at an annualized rate of 3.23%, from $32.6M in 2017 to $27.6M in 2022.

In 2017, Equatorial Guinea exported $506M to Italy. The main products exported from Equatorial Guinea to Italy were Petroleum Gas ($252M), Crude Petroleum ($251M), and Veneer Sheets ($2.76M). During the last 5 years the exports of Equatorial Guinea to Italy have increased at an annualized rate of 31.6%, from $128M in 2022 to $506M in 2017.

Exports from Italy (Flag) to Equatorial Guinea (Flag) (2022)

Exports from Equatorial Guinea (Flag) to Italy (Flag) (2022)

Market Competitiveness

Color
Italy
Top Destination
Germany$78.5B
Equatorial Guinea
Top Destination
Zambia$1.84B

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

In 2022, countries that imported more from Italy than Equatorial Guinea included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2022, countries that imported more from Equatorial Guinea than Italy included Zambia ($1.84B).

Difference in imports from Equatorial Guinea (Flag) and Italy (Flag) (2022)

Comparative Advantage Italy - Equatorial Guinea

Flow
Scale

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

During 2022, Italy had a large net trade with Equatorial Guinea in the exports of Machines ($9.54M), Mineral Products ($6.82M), and Animal Products ($3.38M).

During 2017, Equatorial Guinea had a large net trade with Italy in the exports of Mineral Products ($503M), Wood Products ($2.76M), and Machines ($30.4k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Equatorial Guinea+$1.24MRefined Petroleum
Top Product Potential Equatorial Guinea Italy+$219MPetroleum Gas

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 Equatorial Guinea. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over Equatorial Guinea. Similarly, a dot/product with the flag of Equatorial Guinea indicates it has a comparative advantage over Italy.

Product Space of Italy (Flag) and Equatorial Guinea (Flag) (2022)

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