Italy-Saudi Arabia Trade: In 2022, Italy exported $4.04B to Saudi Arabia. The main products that Italy exported to Saudi Arabia were Valves ($260M), Other Furniture ($99.9M), and Baked Goods ($95.6M). Over the past 5 years the exports of Italy to Saudi Arabia have decreased at an annualized rate of 2.29%, from $4.54B in 2017 to $4.04B in 2022.
In 2022, Italy did not export any services to Saudi Arabia.
Saudi Arabia-Italy Trade: In 2022, Saudi Arabia exported $6.94B to Italy. The main products that Saudi Arabia exported to Italy were Refined Petroleum ($3.39B), Crude Petroleum ($2.68B), and Propylene Polymers ($176M). Over the past 5 years the exports of Saudi Arabia to Italy have increased at an annualized rate of 13.3%, from $3.71B in 2017 to $6.94B in 2022.
In 2022, Saudi Arabia 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, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).