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2023
Flag → Flag
Exports $2.38BRnk 48 / 219
2023
Flag → Flag
Top Product $285MRefined Petroleum
2023
Flag → Flag
Exports $2.57BRnk 17 / 211
2023
Flag → Flag
Top Product $534MPlatinum
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
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Economic Complexity (ECI) ECI 0.07Rnk 59 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
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GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
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 GDP$381BCURRENT US$
Rnk 40 / 195
2013-2023
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GDP GROWTH-5.04%CURRENT US$
Rnk 177 / 195
2023
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GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
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GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
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GDP PC$6,023CURRENT US$
Rnk 113 / 196
2013-2023
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GDP PC GROWTH-17.9%CURRENT US$
Rnk 178 / 195

About

Italy-South Africa Trade: In 2023, Italy exported $2.38B to South Africa. The main products that Italy exported to South Africa were Refined Petroleum ($285M), Packaged Medicaments ($79.4M), and Washing and Bottling Machines ($64.6M). Over the past 5 years the exports of Italy to South Africa have decreased at an annualized rate of 1.19%, from $2.53B in 2018 to $2.38B in 2023.

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 2023, South Africa exported $2.57B to Italy. The main products that South Africa exported to Italy were Platinum ($534M), Gold ($523M), and Coal Briquettes ($515M). Over the past 5 years the exports of South Africa to Italy have increased at an annualized rate of 7.71%,  from $1.77B in 2018 to $2.57B in 2023.

In 2023, South Africa 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, South Africa ranked 59 in the Economic Complexity Index (ECI 0.07), and 34 in total exports ($154B).

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €145M and imported €121M from South Africa, resulting in a positive trade balance of €23.4M. Between October 2023 and October 2024 the exports of Italy have decreased by €-3.42M (-2.31%) from €148M to €145M, while imports decreased by €-24.8M (-17%) from €146M to €121M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-3.42M(-2.31%)
IMPORT GROWTH (October 2023 - October 2024)€-24.8M(-17%)

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 2023, Italy exported $2.38B to South Africa. The main products exported from Italy to South Africa were Refined Petroleum ($285M), Packaged Medicaments ($79.4M), and Washing and Bottling Machines ($64.6M). During the last 5 years the exports of Italy to South Africa have decreased at an annualized rate of 1.19%, from $2.53B in 2018 to $2.38B in 2023.

In 2018, South Africa exported $2.57B to Italy. The main products exported from South Africa to Italy were Platinum ($534M), Gold ($523M), and Coal Briquettes ($515M). During the last 5 years the exports of South Africa to Italy have increased at an annualized rate of 7.71%, from $1.77B in 2023 to $2.57B in 2018.

Exports from Italy (Flag) to South Africa (Flag) (2023)

Exports from South Africa (Flag) to Italy (Flag) (2023)

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
South Africa
Top DestinationChina$29.5B

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

In 2023, countries that imported more from South Africa than Italy included China ($29.5B), Mozambique ($6.13B), and Botswana ($4.28B).

Difference in imports from South Africa (Flag) and Italy (Flag) (2023)

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 2023, Italy had a large net trade with South Africa in the exports of Machines ($816M), Mineral Products ($295M), and Chemical Products ($278M).

During 2018, South Africa had a large net trade with Italy in the exports of Precious Metals ($1.07B), Mineral Products ($587M), and Metals ($408M).

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) (2023)

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