Italy / Russia

Italy-Russia Trade: In 2022, Italy exported $8.9B to Russia. The main products that Italy exported to Russia were Valves ($228M), Other Furniture ($183M), and Wine ($181M). Over the past 5 years the exports of Italy to Russia have increased at an annualized rate of 25.5%, from $2.86B in 2017 to $8.9B in 2022.

In 2020, Italy exported services to Russia worth $621M, with Other business services ($257M), Travel ($187M), and Transportation ($62.4M) being the largest in terms of value.

Russia-Italy Trade: In 2022, Russia exported $15.7B to Italy. The main products that Russia exported to Italy were Petroleum Gas ($12B), Crude Petroleum ($6.33B), and Refined Petroleum ($2.03B). Over the past 5 years the exports of Russia to Italy have increased at an annualized rate of 33.7%,  from $3.67B in 2017 to $15.7B in 2022.

In 2020, Russia exported services to Italy worth $603M, with Other business services ($267M), Transportation ($149M), and Construction services ($111M) being the largest in terms of value.

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).