2023
Flag  
GDP
$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH
6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP
$35.2BCURRENT US$
Rnk 103 / 195
2013-2023
Flag
GDP GROWTH
84.5%CURRENT US$
Rnk 27 / 195
2023
Flag
GDP PC 
$39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH
9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC
$2,156CURRENT US$
Rnk 154 / 196
2013-2023
Flag
GDP PC GROWTH
58.3%CURRENT US$
Rnk 33 / 195

About

Italy-Zimbabwe Trade: In 2023, Italy exported $41.6M to Zimbabwe. The main products that Italy exported to Zimbabwe were Tobacco Processing Machines ($10.7M), Utility Meters ($8.06M), and Industrial Food Preperation Machinery ($4.21M). Over the past 5 years the exports of Italy to Zimbabwe have increased at an annualized rate of 17.8%, from $18.3M in 2018 to $41.6M in 2023.

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

Zimbabwe-Italy Trade: In 2023, Zimbabwe exported $79.5M to Italy. The main products that Zimbabwe exported to Italy were Ferroalloys ($30.5M), Granite ($22.2M), and Raw Sugar ($14M). Over the past 5 years the exports of Zimbabwe to Italy have increased at an annualized rate of 42.7%,  from $13.4M in 2018 to $79.5M in 2023.

In 2023, Zimbabwe 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, Zimbabwe ranked 110 in the Economic Complexity Index (ECI -0.98), and 106 in total exports ($9.05B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $41.6M to Zimbabwe. The main products exported from Italy to Zimbabwe were Tobacco Processing Machines ($10.7M), Utility Meters ($8.06M), and Industrial Food Preperation Machinery ($4.21M). During the last 5 years the exports of Italy to Zimbabwe have increased at an annualized rate of 17.8%, from $18.3M in 2018 to $41.6M in 2023.

In 2018, Zimbabwe exported $79.5M to Italy. The main products exported from Zimbabwe to Italy were Ferroalloys ($30.5M), Granite ($22.2M), and Raw Sugar ($14M). During the last 5 years the exports of Zimbabwe to Italy have increased at an annualized rate of 42.7%, from $13.4M in 2023 to $79.5M in 2018.

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

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

Market Competitiveness

Color
Italy
Top Destination
Germany$71.4B
Zimbabwe
Top Destination
United Arab Emirates$4.1B

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

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

In 2023, countries that imported more from Zimbabwe than Italy included Mozambique ($391M), Zambia ($140M), and Malawi ($28.9M).

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

Comparative Advantage Italy - Zimbabwe

Flow
Scale

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

During 2023, Italy had a large net trade with Zimbabwe in the exports of Machines ($28.1M), Instruments ($9.28M), and Metals ($1.3M).

During 2018, Zimbabwe had a large net trade with Italy in the exports of Metals ($30.5M), Mineral Products ($22.5M), and Foodstuffs ($16.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Zimbabwe+$1.19MLiquid Pumps
Top Product Potential Zimbabwe Italy+$1.41MRaw Tobacco

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

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

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