Lesotho (LSO) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Lesotho-Italy Trade: In 2023, Lesotho exported $1.47k to Italy. The main products that Lesotho exported to Italy were Electric Soldering Equipment ($1.16k), Computers ($205), and Imitation Jewellery ($60). Over the past 5 years the exports of Lesotho to Italy have decreased at an annualized rate of 77.6%, from $2.6M in 2018 to $1.47k in 2023.

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

Italy-Lesotho Trade: In 2023, Italy exported $2.5M to Lesotho. The main products that Italy exported to Lesotho were Knitting Machine Accessories ($526k), Surveying Equipment ($487k), and Fork-Lifts ($450k). Over the past 5 years the exports of Italy to Lesotho have increased at an annualized rate of 3.33%, from $2.12M in 2018 to $2.5M in 2023.

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

Comparison In 2023, Lesotho ranked 158 in total exports ($1.14B), and does not have data regarding Economic Complexity Index. That same year, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Lesotho exported $1.47k to Italy. The main products exported from Lesotho to Italy were Electric Soldering Equipment ($1.16k), Computers ($205), and Imitation Jewellery ($60). During the last 5 years the exports of Lesotho to Italy have decreased at an annualized rate of 77.6%, from $2.6M in 2018 to $1.47k in 2023.

In 2018, Italy exported $2.5M to Lesotho. The main products exported from Italy to Lesotho were Knitting Machine Accessories ($526k), Surveying Equipment ($487k), and Fork-Lifts ($450k). During the last 5 years the exports of Italy to Lesotho have increased at an annualized rate of 3.33%, from $2.12M in 2023 to $2.5M in 2018.

Exports from Lesotho () to Italy () (2023)

Exports from Italy () to Lesotho () (2023)

Latest Data

Trade between Lesotho () and Italy ()

Lesotho Exports

Date

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Lesotho
Top DestinationSouth Africa$351M

Italy
Top DestinationGermany$71.4B

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

In 2023, no countries were registered that imported more from Lesotho than from Italy.

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

Difference in imports from Italy () and Lesotho () (2023)

Comparative Advantage Lesotho - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Lesotho had a large net trade with Italy in the exports of Machines ($1.37k), Precious Metals ($60), and Vegetable Products ($44).

During 2018, Italy had a large net trade with Lesotho in the exports of Machines ($1.42M), Instruments ($595k), and Transportation ($239k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Lesotho Italy+$4.46kDiamonds

Top Product Potential Italy Lesotho+$121kVaccines, blood, antisera, toxins and cultures

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

Year

This visualization shows the product space at the HS4 level with the flags of Lesotho and Italy. This means that a dot/product with the flag of Lesotho indicates it has a comparative advantage over Italy. Similarly, a dot/product with the flag of Italy indicates it has a comparative advantage over Lesotho.

About

Historical Data

Bilateral Trade by Products

Exports from Lesotho () to Italy () (2023)

Exports from Italy () to Lesotho () (2023)

Latest Data

Trade between Lesotho () and Italy ()

Lesotho Exports

Italy Exports

Market Competitiveness

Difference in imports from Italy () and Lesotho () (2023)

Comparative Advantage Lesotho - Italy

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Lesotho () and Italy () (2023)

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