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2023
Flag → Flag
Exports $433MRnk 87 / 219
2023
Flag → Flag
Top Product $39.2MPackaged Medicaments
2023
Flag → Flag
Exports $1.21BRnk 7 / 205
2023
Flag → Flag
Top Product $250MHouse Linens
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.55Rnk 89 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$338BCURRENT US$
Rnk 45 / 195
2013-2023
Flag
GDP GROWTH30.6%CURRENT US$
Rnk 113 / 195
2023
Flag
GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$1,365CURRENT US$
Rnk 170 / 196
2013-2023
Flag
GDP PC GROWTH11.4%CURRENT US$
Rnk 130 / 195

About

Italy-Pakistan Trade: In 2023, Italy exported $433M to Pakistan. The main products that Italy exported to Pakistan were Packaged Medicaments ($39.2M), Textile Processing Machines ($16.2M), and Washing and Bottling Machines ($15.3M). Over the past 5 years the exports of Italy to Pakistan have decreased at an annualized rate of 12%, from $821M in 2018 to $433M in 2023.

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

Pakistan-Italy Trade: In 2023, Pakistan exported $1.21B to Italy. The main products that Pakistan exported to Italy were House Linens ($250M), Rice ($108M), and Non-Knit Men's Suits ($101M). Over the past 5 years the exports of Pakistan to Italy have increased at an annualized rate of 8.02%,  from $820M in 2018 to $1.21B in 2023.

In 2023, Pakistan 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, Pakistan ranked 89 in the Economic Complexity Index (ECI -0.55), and 66 in total exports ($35.8B).

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €10M and imported €75.3M from Pakistan, resulting in a negative trade balance of €65.3M. Between October 2023 and October 2024 the exports of Italy have decreased by €-3.1M (-23.6%) from €13.1M to €10M, while imports decreased by €-1.26M (-1.64%) from €76.6M to €75.3M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-3.1M(-23.6%)
IMPORT GROWTH (October 2023 - October 2024)€-1.26M(-1.64%)

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 Pakistan and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Pakistan and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $433M to Pakistan. The main products exported from Italy to Pakistan were Packaged Medicaments ($39.2M), Textile Processing Machines ($16.2M), and Washing and Bottling Machines ($15.3M). During the last 5 years the exports of Italy to Pakistan have decreased at an annualized rate of 12%, from $821M in 2018 to $433M in 2023.

In 2018, Pakistan exported $1.21B to Italy. The main products exported from Pakistan to Italy were House Linens ($250M), Rice ($108M), and Non-Knit Men's Suits ($101M). During the last 5 years the exports of Pakistan to Italy have increased at an annualized rate of 8.02%, from $820M in 2023 to $1.21B in 2018.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Pakistan
Top DestinationUnited States$5.18B

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

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

In 2023, countries that imported more from Pakistan than Italy included Afghanistan ($969M), Bangladesh ($690M), and Madagascar ($144M).

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

Comparative Advantage Italy - Pakistan

Flow
Scale

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

During 2023, Italy had a large net trade with Pakistan in the exports of Machines ($197M), Chemical Products ($99.4M), and Metals ($28.5M).

During 2018, Pakistan had a large net trade with Italy in the exports of Textiles ($779M), Vegetable Products ($116M), and Foodstuffs ($77.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Pakistan+$35.5MPackaged Medicaments
Top Product Potential Pakistan Italy+$49MNon-Knit Men's Suits

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

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

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