Flag Italy / Russia Flag

2020
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Exports
: $7.71B, Rnk 15 / 213

2020
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Top Product
: $275M, Vaccines, blood, antisera, toxins and cultures

2020
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Exports
: $11.9B, Rnk 9 / 187

2020
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Top Product
: $4.08B, Petroleum Gas

2020
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Economic Complexity (ECI)
: ECI 1.3, Rnk 19 / 127

2020
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Economic Complexity (ECI)
: ECI 0.5, Rnk 43 / 127

2020
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GDP
: $1.89T, CURRENT US$
Rnk 8 / 195

2010-2020
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GDP GROWTH
: -11.5%, CURRENT US$
Rnk 179 / 195

2020
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 GDP
: $1.48T, CURRENT US$
Rnk 11 / 195

2010-2020
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GDP GROWTH
: -2.72%, CURRENT US$
Rnk 164 / 195

2020
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GDP PC 
: $31,714, CURRENT US$
Rnk 31 / 195

2010-2020
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GDP PC GROWTH
: -11.9%, CURRENT US$
Rnk 166 / 195

2020
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GDP PC
: $10,127, CURRENT US$
Rnk 70 / 195

2010-2020
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GDP PC GROWTH
: -5.14%, CURRENT US$
Rnk 154 / 195

Italy-Russia In 2020, Italy exported $7.71B to Russia. The main products that Italy exported to Russia are Vaccines, blood, antisera, toxins and cultures ($275M), Valves ($262M), and Leather Footwear ($238M). During the last 25 years the exports of Italy to Russia have increased at an annualized rate of 4.05%, from $2.86B in 1995 to $7.71B in 2020.

In 2018, Italy exported services to Russia worth $1.71B, with Travel ($1.22B), Other business services ($210M), and Transportation ($144M) being the largest in terms of value.

Russia-Italy In 2020, Russia exported $11.9B to Italy . The main products that Russia exported to Italy were Petroleum Gas ($4.08B), Crude Petroleum ($3.74B), and Refined Petroleum ($1.43B). During the last 25 years the exports of Russia to Italy have increased at an annualized rate of 4.84%, from $3.65B in 1995 to $11.9B in 2020.

In 2018, Russia exported services to Italy worth $1B, with Other business services ($334M), Construction services ($285M), and Travel ($210M) being the largest in terms of value.

Comparison In 2020,  Italy ranked 19 in the Economic Complexity Index (ECI 1.3), and 7 in total exports ($481B). That same year, Russia ranked 43 in the Economic Complexity Index (ECI 0.5), and 13 in total exports ($330B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Italy exported $7.71B to Russia. The main products exported from Italy to Russia were Vaccines, blood, antisera, toxins and cultures ($275M), Valves ($262M), and Leather Footwear ($238M). During the last 25 years the exports of Italy to Russia have increased at an annualized rate of 4.05%, from $2.86B in 1995 to $7.71B in 2020.

In 2020, Russia exported $11.9B to Italy. The main products exported from Russia to Italy were Petroleum Gas ($4.08B), Crude Petroleum ($3.74B), and Refined Petroleum ($1.43B). During the last 25 years the exports of Russia to Italy have increased at an annualized rate of 4.84%, from $3.65B in 1995 to $11.9B in 2020.

Russia Exports

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Market Competitiveness

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Measure

Italy
Top Destination
: Germany, $62.1B

Russia
Top Destination
: China, $49.3B

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

In 2019, countries that imported more from Italy than Russia were Germany ($62.1B), France ($49.5B), and United States ($47.9B).

In 2019, countries that imported more from Russia than Italy were China ($49.3B), Belarus ($15.8B), and Kazakhstan ($13.8B).

Comparative Advantage Italy - Russia

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Flow

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

During 2020, Italy had a large net trade with Russia in the exports of N/A.

During 2020, Russia had a large net trade with Italy in the exports of Mineral Products ($9.6B), Metals ($1.07B), and Precious Metals ($532M).

Bilateral Service Trade

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In 2018, Italy exported services to Russia worth $1.71B, with Travel ($1.22B), Other business services ($210M), and Transportation ($144M) being the largest in terms of value.

In 2018, Russia exported services to Italy worth $1B, with Other business services ($334M), Construction services ($285M), and Travel ($210M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Italy has comparative advantage over Russia. Similarly, the more yellow a dot/product is, the more Russia has comparative advantage over Italy.