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2023
Flag → Flag
Exports $260MRnk 98 / 219
2023
Flag → Flag
Top Product $23MRefined Petroleum
2023
Flag → Flag
Exports $77.6MRnk 16 / 156
2023
Flag → Flag
Top Product $24.5MProcessed Crustaceans
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.51Rnk 87 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$30.8BCURRENT US$
Rnk 108 / 195
2013-2023
Flag
GDP GROWTH63.1%CURRENT US$
Rnk 46 / 195
2023
Flag
GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$1,706CURRENT US$
Rnk 162 / 196
2013-2023
Flag
GDP PC GROWTH23.7%CURRENT US$
Rnk 92 / 195

About

Italy-Senegal Trade: In 2023, Italy exported $260M to Senegal. The main products that Italy exported to Senegal were Refined Petroleum ($23M), Unglazed Ceramics ($12.2M), and Used Clothing ($8.81M). Over the past 5 years the exports of Italy to Senegal have decreased at an annualized rate of 3.91%, from $318M in 2018 to $260M in 2023.

In 2023, Italy did not export any services to Senegal.

Senegal-Italy Trade: In 2023, Senegal exported $77.6M to Italy. The main products that Senegal exported to Italy were Processed Crustaceans ($24.5M), Molluscs ($22.4M), and Niobium, Tantalum, Vanadium and Zirconium Ore ($6.4M). Over the past 5 years the exports of Senegal to Italy have decreased at an annualized rate of 14.4%,  from $169M in 2018 to $77.6M in 2023.

In 2023, Senegal did not export any services to Italy.

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Senegal ranked 87 in the Economic Complexity Index (ECI -0.51), and 125 in total exports ($5.72B).

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €4.05M and imported €10.3M from Senegal, resulting in a negative trade balance of €6.23M. Between October 2023 and October 2024 the exports of Italy have decreased by €-1.69M (-29.5%) from €5.75M to €4.05M, while imports increased by €7.36M (252%) from €2.92M to €10.3M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-1.69M(-29.5%)
IMPORT GROWTH (October 2023 - October 2024)€7.36M(252%)

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Senegal and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Senegal and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $260M to Senegal. The main products exported from Italy to Senegal were Refined Petroleum ($23M), Unglazed Ceramics ($12.2M), and Used Clothing ($8.81M). During the last 5 years the exports of Italy to Senegal have decreased at an annualized rate of 3.91%, from $318M in 2018 to $260M in 2023.

In 2018, Senegal exported $77.6M to Italy. The main products exported from Senegal to Italy were Processed Crustaceans ($24.5M), Molluscs ($22.4M), and Niobium, Tantalum, Vanadium and Zirconium Ore ($6.4M). During the last 5 years the exports of Senegal to Italy have decreased at an annualized rate of 14.4%, from $169M in 2023 to $77.6M in 2018.

Exports from Italy (Flag) to Senegal (Flag) (2023)

Exports from Senegal (Flag) to Italy (Flag) (2023)

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Senegal
Top DestinationMali$1.22B

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

In 2023, countries that imported more from Italy than Senegal included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

In 2023, countries that imported more from Senegal than Italy included Mali ($1.22B), Gambia ($210M), and Guinea-Bissau ($157M).

Difference in imports from Senegal (Flag) and Italy (Flag) (2023)

Comparative Advantage Italy - Senegal

Flow
Scale

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

During 2023, Italy had a large net trade with Senegal in the exports of Machines ($79.7M), Mineral Products ($26.1M), and Metals ($21.1M).

During 2018, Senegal had a large net trade with Italy in the exports of Animal Products ($31.8M), Foodstuffs ($26.5M), and Mineral Products ($6.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Senegal+$6.42MPackaged Medicaments
Top Product Potential Senegal Italy+$6.59MGold

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

Product Space of Italy (Flag) and Senegal (Flag) (2023)

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