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Pricing

2022
Flag → Flag
Exports $2.57BRnk 42 / 221
2022
Flag → Flag
Top Product $347MJewellery
2022
Flag → Flag
Exports $2.58BRnk 17 / 214
2022
Flag → Flag
Top Product $848MCoal Briquettes
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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Economic Complexity (ECI) ECI 0.076Rnk 59 / 133
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$406BCURRENT US$
Rnk 37 / 186
2012-2022
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GDP GROWTH-6.57%CURRENT US$
Rnk 171 / 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$6,776CURRENT US$
Rnk 95 / 186
2012-2022
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GDP PC GROWTH-17.1%CURRENT US$
Rnk 167 / 186

About

Italy-South Africa Trade: In 2022, Italy exported $2.57B to South Africa. The main products that Italy exported to South Africa were Jewellery ($347M), Refined Petroleum ($244M), and Packaged Medicaments ($60.9M). Over the past 5 years the exports of Italy to South Africa have increased at an annualized rate of 3.72%, from $2.14B in 2017 to $2.57B in 2022.

In 2020, Italy exported services to South Africa worth $85M, with Other business services ($27.8M), Transportation ($20.3M), and Travel ($17.7M) being the largest in terms of value.

South Africa-Italy Trade: In 2022, South Africa exported $2.58B to Italy. The main products that South Africa exported to Italy were Coal Briquettes ($848M), Platinum ($550M), and Gold ($277M). Over the past 5 years the exports of South Africa to Italy have increased at an annualized rate of 13.5%,  from $1.37B in 2017 to $2.58B in 2022.

In 2022, South Africa 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, South Africa ranked 59 in the Economic Complexity Index (ECI 0.076), and 34 in total exports ($147B).

Latest Trends

August, 2024

About

Overview In August 2024, Italy exported €90M and imported €201M from South Africa, resulting in a negative trade balance of €111M. Between August 2023 and August 2024 the exports of Italy have increased by €15.5M (20.8%) from €74.5M to €90M, while imports increased by €92.9M (86.1%) from €108M to €201M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€15.5M(20.8%)
IMPORT GROWTH (August 2023 - August 2024)€92.9M(86.1%)

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 South Africa and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore South Africa and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $2.57B to South Africa. The main products exported from Italy to South Africa were Jewellery ($347M), Refined Petroleum ($244M), and Packaged Medicaments ($60.9M). During the last 5 years the exports of Italy to South Africa have increased at an annualized rate of 3.72%, from $2.14B in 2017 to $2.57B in 2022.

In 2017, South Africa exported $2.58B to Italy. The main products exported from South Africa to Italy were Coal Briquettes ($848M), Platinum ($550M), and Gold ($277M). During the last 5 years the exports of South Africa to Italy have increased at an annualized rate of 13.5%, from $1.37B in 2022 to $2.58B in 2017.

Exports from Italy (Flag) to South Africa (Flag) (2022)

Exports from South Africa (Flag) to Italy (Flag) (2022)

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
South Africa
Top DestinationChina$23.4B

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

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

In 2022, countries that imported more from South Africa than Italy included China ($23.4B), Mozambique ($5.43B), and Botswana ($4.74B).

Difference in imports from South Africa (Flag) and Italy (Flag) (2022)

Comparative Advantage Italy - South Africa

Flow
Scale

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

During 2022, Italy had a large net trade with South Africa in the exports of Machines ($654M), Precious Metals ($350M), and Chemical Products ($285M).

During 2017, South Africa had a large net trade with Italy in the exports of Mineral Products ($959M), Precious Metals ($847M), and Metals ($359M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy South Africa+$133MRefined Petroleum
Top Product Potential South Africa Italy+$159MGold

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

Product Space of Italy (Flag) and South Africa (Flag) (2022)

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