2022
Flag  
GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH
-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
 GDP
$12.6BCURRENT US$
Rnk 141 / 186
2012-2022
Flag
GDP GROWTH
-3.33%CURRENT US$
Rnk 168 / 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
$4,911CURRENT US$
Rnk 113 / 186
2012-2022
Flag
GDP PC GROWTH
-18.4%CURRENT US$
Rnk 170 / 186

About

Italy-Namibia Trade: In 2022, Italy exported $136M to Namibia. The main products that Italy exported to Namibia were Refined Petroleum ($111M), Other Iron Products ($1.8M), and Stone Working Machines ($1.55M). Over the past 5 years the exports of Italy to Namibia have increased at an annualized rate of 6.25%, from $100M in 2017 to $136M in 2022.

In 2022, Italy did not export any services to Namibia.

Namibia-Italy Trade: In 2022, Namibia exported $68.2M to Italy. The main products that Namibia exported to Italy were Fish Fillets ($30.2M), Marble, Travertine and Alabaster ($23.6M), and Non-fillet Frozen Fish ($9.56M). Over the past 5 years the exports of Namibia to Italy have decreased at an annualized rate of 17.6%,  from $320M in 2017 to $68.2M in 2022.

In 2022, Namibia 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, Namibia ranked 94 in the Economic Complexity Index (ECI -0.63), and 121 in total exports ($6.18B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $136M to Namibia. The main products exported from Italy to Namibia were Refined Petroleum ($111M), Other Iron Products ($1.8M), and Stone Working Machines ($1.55M). During the last 5 years the exports of Italy to Namibia have increased at an annualized rate of 6.25%, from $100M in 2017 to $136M in 2022.

In 2017, Namibia exported $68.2M to Italy. The main products exported from Namibia to Italy were Fish Fillets ($30.2M), Marble, Travertine and Alabaster ($23.6M), and Non-fillet Frozen Fish ($9.56M). During the last 5 years the exports of Namibia to Italy have decreased at an annualized rate of 17.6%, from $320M in 2022 to $68.2M in 2017.

Exports from Italy (Flag) to Namibia (Flag) (2022)

Exports from Namibia (Flag) to Italy (Flag) (2022)

Market Competitiveness

Color
Italy
Top Destination
Germany$78.5B
Namibia
Top Destination
South Africa$1.75B

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

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

In 2022, countries that imported more from Namibia than Italy included Botswana ($672M), Zambia ($279M), and Democratic Republic of the Congo ($251M).

Difference in imports from Namibia (Flag) and Italy (Flag) (2022)

Comparative Advantage Italy - Namibia

Flow
Scale

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

During 2022, Italy had a large net trade with Namibia in the exports of Mineral Products ($111M), Machines ($11.3M), and Chemical Products ($4.53M).

During 2017, Namibia had a large net trade with Italy in the exports of Animal Products ($39.8M), Mineral Products ($23.8M), and Animal Hides ($2.06M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Namibia+$1.26MPackaged Medicaments
Top Product Potential Namibia Italy+$2.9MNon-fillet Frozen Fish

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

Product Space of Italy (Flag) and Namibia (Flag) (2022)

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