Flag Italy / Russia Flag

2019
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Exports
: $8.79B, Rnk 14 / 224

2019
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Top Product
: $373M, Blood, antisera, vaccines, toxins and cultures

2019
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Exports
: $16.7B, Rnk 5 / 197

2019
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Top Product
: $5.95B, Crude Petroleum

2019
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Economic Complexity (ECI)
: ECI 1.36, Rnk 17 / 146

2019
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Economic Complexity (ECI)
: ECI 0.58, Rnk 45 / 146

2019
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GDP
: $2T, CURRENT US$
Rnk 8 / 187

2009-2019
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GDP GROWTH
: -8.56%, CURRENT US$
Rnk 180 / 187

2019
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 GDP
: $1.7T, CURRENT US$
Rnk 11 / 187

2009-2019
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GDP GROWTH
: 39%, CURRENT US$
Rnk 113 / 187

2019
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GDP PC 
: $33,228, CURRENT US$
Rnk 29 / 187

2009-2019
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GDP PC GROWTH
: -10.4%, CURRENT US$
Rnk 176 / 187

2019
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GDP PC
: $11,585, CURRENT US$
Rnk 65 / 187

2009-2019
Flag
GDP PC GROWTH
: 35.3%, CURRENT US$
Rnk 81 / 187

Italy-Russia In 2019, Italy exported $8.79B to Russia. The main products that Italy exported to Russia are Blood, antisera, vaccines, toxins and cultures ($373M), Other Furniture ($306M), and Packaged Medicaments ($297M). During the last 24 years the exports of Italy to Russia have increased at an annualized rate of 4.79%, from $2.86B in 1995 to $8.79B in 2019.

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 2019, Russia exported $16.7B to Italy . The main products that Russia exported to Italy were Crude Petroleum ($5.95B), Petroleum Gas ($5.81B), and Refined Petroleum ($1.82B). During the last 24 years the exports of Russia to Italy have increased at an annualized rate of 6.5%, from $3.67B in 1995 to $16.7B in 2019.

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 2019,  Italy ranked 17 in the Economic Complexity Index (ECI 1.36), and 8 in total exports ($525B). That same year, Russia ranked 45 in the Economic Complexity Index (ECI 0.58), and 13 in total exports ($407B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2019, Italy exported $8.79B to Russia. The main products exported from Italy to Russia were Blood, antisera, vaccines, toxins and cultures ($373M), Other Furniture ($306M), and Packaged Medicaments ($297M). During the last 24 years the exports of Italy to Russia have increased at an annualized rate of 4.79%, from $2.86B in 1995 to $8.79B in 2019.

In 2019, Russia exported $16.7B to Italy. The main products exported from Russia to Italy were Crude Petroleum ($5.95B), Petroleum Gas ($5.81B), and Refined Petroleum ($1.82B). During the last 24 years the exports of Russia to Italy have increased at an annualized rate of 6.5%, from $3.67B in 1995 to $16.7B in 2019.

Russia Exports

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Market Competitiveness

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Measure

Italy
Top Destination
: Germany, $64.5B

Russia
Top Destination
: China, $58.1B

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 France ($54.9B), Germany ($64.5B), and United States ($51.8B).

In 2019, countries that imported more from Russia than Italy were China ($58.1B), Netherlands ($41.7B), and Belarus ($20.5B).

Comparative Advantage Italy - Russia

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Depth

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

During 2019, Italy had a large net trade with Russia in the exports of Machines ($3.11B), Chemical Products ($1.23B), and Textiles ($906M).

During 2019, Russia had a large net trade with Italy in the exports of Mineral Products ($13.9B), Metals ($1.47B), and Precious Metals ($581M).

Tariff Section

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This section shows import tariffs for products traded between Italy and Russia (using the HS6 product classification and the last year reported).

In 2017, the products from Italy that paid the highest import tariffs to enter Russia were Sugar beet (178%) and Whey (173%).

In 2018, the products from Russia that paid the highest import tariffs to enter Italy were Undenatured ethyl alcohol > 80% by volume (100%) and Ethyl alcohol and other spirits, denatured (100%).

*The tariffs present between Italy and Russia are:
136: Most Favoured Nation duty rate treatement

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 red.  This mean that the more blue a dot/product is, the more Italy has comparative advantage over Russia. Similarly, the more red a dot/product is, the more Russia has comparative advantage over Italy.