2021
Flag  
GDP
$1.84TCURRENT US$
Rnk 10 / 204
2011-2021
Flag
GDP GROWTH
-10.2%CURRENT US$
Rnk 187 / 204
2021
Flag
 GDP
$2.11TCURRENT US$
Rnk 8 / 204
2011-2021
Flag
GDP GROWTH
-7.87%CURRENT US$
Rnk 181 / 204
2021
Flag
GDP PC 
$12,593CURRENT US$
Rnk 76 / 204
2011-2021
Flag
GDP PC GROWTH
-12%CURRENT US$
Rnk 170 / 204
2021
Flag
GDP PC
$35,770CURRENT US$
Rnk 37 / 204
2011-2021
Flag
GDP PC GROWTH
-7.45%CURRENT US$
Rnk 160 / 204

About

Russia-Italy In 2021, Russia exported $22.2B to Italy. The main products that Russia exported to Italy are Petroleum Gas ($12B), Crude Petroleum ($3.9B), and Refined Petroleum ($1.9B). During the last 26 years the exports of Russia to Italy have increased at an annualized rate of 6.78%, from $4.03B in 1995 to $22.2B in 2021.

In 2020, Russia exported services to Italy worth $603M, with Other business services ($267M), Transportation ($149M), and Construction services ($111M) being the largest in terms of value.

Italy-Russia In 2021, Italy exported $8.65B to Russia. The main products that Italy exported to Russia were Valves ($271M), Leather Footwear ($262M), and Machinery Having Individual Functions ($213M). During the last 26 years the exports of Italy to Russia have increased at an annualized rate of 4.35%, from $2.86B in 1995 to $8.65B in 2021.

In 2020, Italy exported services to Russia worth $621M, with Other business services ($257M), Travel ($187M), and Transportation ($62.4M) being the largest in terms of value.

Comparison In 2021,  Russia ranked 45 in the Economic Complexity Index (ECI 0.46), and 10 in total exports ($484B). That same year, Italy ranked 19 in the Economic Complexity Index (ECI 1.27), and 7 in total exports ($597B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Russia exported $22.2B to Italy. The main products exported from Russia to Italy were Petroleum Gas ($12B), Crude Petroleum ($3.9B), and Refined Petroleum ($1.9B). During the last 26 years the exports of Russia to Italy have increased at an annualized rate of 6.78%, from $4.03B in 1995 to $22.2B in 2021.

In 2021, Italy exported $8.65B to Russia. The main products exported from Italy to Russia were Valves ($271M), Leather Footwear ($262M), and Machinery Having Individual Functions ($213M). During the last 26 years the exports of Italy to Russia have increased at an annualized rate of 4.35%, from $2.86B in 1995 to $8.65B in 2021.

Exports from Russia (Flag) to Italy (Flag) (2021)

Exports from Italy (Flag) to Russia (Flag) (2021)

Market Competitiveness

Color
Russia
Top Destination
China$70.9B
Italy
Top Destination
Germany$78.4B

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

In 2021, countries that imported more from Russia than Italy were China ($70.9B), Netherlands ($39B), and Belarus ($20.5B).

In 2021, countries that imported more from Italy than Russia were Germany ($78.4B), France ($61.6B), and United States ($58.1B).

Difference in imports from Italy (Flag) and Russia (Flag) (2021)

Comparative Advantage Russia - Italy

Flow
Scale

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

During 2021, Russia had a large net trade with Italy in the exports of Mineral Products ($18.2B), Metals ($1.63B), and Precious Metals ($1.2B).

During 2021, Italy had a large net trade with Russia in the exports of Machines ($3.23B), Chemical Products ($947M), and Textiles ($799M).

Service Trade

Bilateral Service Trade

In 2020, Russia exported services to Italy worth $603M, with Other business services ($267M), Transportation ($149M), and Construction services ($111M) being the largest in terms of value.

In 2020, Italy exported services to Russia worth $621M, with Other business services ($257M), Travel ($187M), and Transportation ($62.4M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia (Flag) to Italy (Flag) (2020)

Services Exports from Italy (Flag) to Russia (Flag) (2020)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Russia has comparative advantage over Italy. Similarly, the more yellow a dot/product is, the more Italy has comparative advantage over Russia.

Product Space of Russia (Flag) and Italy (Flag) (2021)

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with