2023
Flag  
GDP
$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH
6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP
$45.8BCURRENT US$
Rnk 95 / 195
2013-2023
Flag
GDP GROWTH
-11.1%CURRENT US$
Rnk 182 / 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
$67,477CURRENT US$
Rnk 15 / 196
2013-2023
Flag
GDP PC GROWTH
-22.5%CURRENT US$
Rnk 181 / 195

About

Italy-Macau Trade: In 2023, Italy exported $601M to Macau. The main products that Italy exported to Macau were Trunks and Cases ($120M), Jewellery ($72.3M), and Other Non-Knit Clothing Accessories ($45.1M). Over the past 5 years the exports of Italy to Macau have increased at an annualized rate of 10.4%, from $366M in 2018 to $601M in 2023.

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

Macau-Italy Trade: In 2023, Macau exported $20.6M to Italy. The main products that Macau exported to Italy were Trunks and Cases ($3.32M), Knit Sweaters ($2.61M), and Knit Men's Undergarments ($2.36M). Over the past 5 years the exports of Macau to Italy have increased at an annualized rate of 19.9%,  from $8.33M in 2018 to $20.6M in 2023.

In 2023, Macau 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, Macau ranked 145 in total exports ($1.93B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $601M to Macau. The main products exported from Italy to Macau were Trunks and Cases ($120M), Jewellery ($72.3M), and Other Non-Knit Clothing Accessories ($45.1M). During the last 5 years the exports of Italy to Macau have increased at an annualized rate of 10.4%, from $366M in 2018 to $601M in 2023.

In 2018, Macau exported $20.6M to Italy. The main products exported from Macau to Italy were Trunks and Cases ($3.32M), Knit Sweaters ($2.61M), and Knit Men's Undergarments ($2.36M). During the last 5 years the exports of Macau to Italy have increased at an annualized rate of 19.9%, from $8.33M in 2023 to $20.6M in 2018.

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

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

Market Competitiveness

Color
Italy
Top Destination
Germany$71.4B
Macau
Top Destination
Hong Kong$1.4B

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

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

In 2023, no countries were registered that imported more from Macau than from Italy.

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

Comparative Advantage Italy - Macau

Flow
Scale

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

During 2023, Italy had a large net trade with Macau in the exports of Textiles ($223M), Animal Hides ($135M), and Precious Metals ($88.8M).

During 2018, Macau had a large net trade with Italy in the exports of Textiles ($12.3M), Animal Hides ($3.75M), and Footwear and Headwear ($2.58M).

Economic Complexity

Competitive Landscape

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

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

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