2022
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GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH
-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP
$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP GROWTH
49.4%CURRENT US$
Rnk 62 / 186
2022
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GDP PC 
$34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH
-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC
$30,436CURRENT US$
Rnk 37 / 186
2012-2022
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GDP PC GROWTH
26.5%CURRENT US$
Rnk 71 / 186

About

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).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $4.04B to Saudi Arabia. The main products exported from Italy to Saudi Arabia were Valves ($260M), Other Furniture ($99.9M), and Baked Goods ($95.6M). During the last 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 2017, Saudi Arabia exported $6.94B to Italy. The main products exported from Saudi Arabia to Italy were Refined Petroleum ($3.39B), Crude Petroleum ($2.68B), and Propylene Polymers ($176M). During the last 5 years the exports of Saudi Arabia to Italy have increased at an annualized rate of 13.3%, from $3.71B in 2022 to $6.94B in 2017.

Exports from Italy (Flag) to Saudi Arabia (Flag) (2022)

Exports from Saudi Arabia (Flag) to Italy (Flag) (2022)

Market Competitiveness

Color
Italy
Top Destination
Germany$78.5B
Saudi Arabia
Top Destination
China$68B

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

In 2022, countries that imported more from Italy than Saudi Arabia included Germany ($78.5B), France ($63.8B), and United States ($68.2B).

In 2022, countries that imported more from Saudi Arabia than Italy included China ($68B), India ($46.2B), and South Korea ($36B).

Difference in imports from Saudi Arabia (Flag) and Italy (Flag) (2022)

Comparative Advantage Italy - Saudi Arabia

Flow
Scale

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

During 2022, Italy had a large net trade with Saudi Arabia in the exports of Machines ($1.71B), Chemical Products ($381M), and Metals ($344M).

During 2017, Saudi Arabia had a large net trade with Italy in the exports of Mineral Products ($6.1B), Plastics and Rubbers ($379M), and Chemical Products ($208M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Saudi Arabia+$107MCars
Top Product Potential Saudi Arabia Italy+$1.3BCrude Petroleum

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

Product Space of Italy (Flag) and Saudi Arabia (Flag) (2022)

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