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2023
Flag → Flag
Exports $2.42BRnk 26 / 216
2023
Flag → Flag
Top Product $783MCrude Petroleum
2023
Flag → Flag
Exports $8.52BRnk 17 / 219
2023
Flag → Flag
Top Product $1.48BJewellery
2023
Flag
Economic Complexity (ECI) ECI 0.15Rnk 54 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag  
GDP$514BCURRENT US$
Rnk 27 / 195
2013-2023
Flag
GDP GROWTH28.5%CURRENT US$
Rnk 118 / 195
2023
Flag
 GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
GDP PC $49,041CURRENT US$
Rnk 27 / 195
2013-2023
Flag
GDP PC GROWTH-5.73%CURRENT US$
Rnk 161 / 195
2023
Flag
GDP PC$39,003CURRENT US$
Rnk 32 / 196
2013-2023
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GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195

About

United Arab Emirates-Italy Trade: In 2023, United Arab Emirates exported $2.42B to Italy. The main products that United Arab Emirates exported to Italy were Crude Petroleum ($783M), Refined Petroleum ($714M), and Raw Aluminium ($403M). Over the past 5 years the exports of United Arab Emirates to Italy have increased at an annualized rate of 11.5%, from $1.41B in 2018 to $2.42B in 2023.

In 2023, United Arab Emirates did not export any services to Italy.

Italy-United Arab Emirates Trade: In 2023, Italy exported $8.52B to United Arab Emirates. The main products that Italy exported to United Arab Emirates were Jewellery ($1.48B), Trunks and Cases ($416M), and Leather Footwear ($293M). Over the past 5 years the exports of Italy to United Arab Emirates have increased at an annualized rate of 6.43%,  from $6.24B in 2018 to $8.52B in 2023.

In 2023, Italy did not export any services to United Arab Emirates.

Comparison: In 2023,  United Arab Emirates ranked 54 in the Economic Complexity Index (ECI 0.15), and 21 in total exports ($357B). 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
Value

In 2023, United Arab Emirates exported $2.42B to Italy. The main products exported from United Arab Emirates to Italy were Crude Petroleum ($783M), Refined Petroleum ($714M), and Raw Aluminium ($403M). During the last 5 years the exports of United Arab Emirates to Italy have increased at an annualized rate of 11.5%, from $1.41B in 2018 to $2.42B in 2023.

In 2018, Italy exported $8.52B to United Arab Emirates. The main products exported from Italy to United Arab Emirates were Jewellery ($1.48B), Trunks and Cases ($416M), and Leather Footwear ($293M). During the last 5 years the exports of Italy to United Arab Emirates have increased at an annualized rate of 6.43%, from $6.24B in 2023 to $8.52B in 2018.

Exports from United Arab Emirates (Flag) to Italy (Flag) (2023)

Exports from Italy (Flag) to United Arab Emirates (Flag) (2023)

Latest Data

Trade between United Arab Emirates (Flag) and Italy (Flag)

United Arab Emirates Exports

Italy Exports

Market Competitiveness

Color
United Arab Emirates
Top DestinationChina$40.2B
Italy
Top DestinationGermany$71.4B

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

In 2023, countries that imported more from United Arab Emirates than Italy included India ($38.2B), Japan ($37.4B), and Iraq ($22.6B).

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

Difference in imports from Italy (Flag) and United Arab Emirates (Flag) (2023)

Comparative Advantage United Arab Emirates - Italy

Flow
Scale

This chart compares trade between United Arab Emirates and Italy by product, considering products traded by both, United Arab Emirates and Italy.

During 2023, United Arab Emirates had a large net trade with Italy in the exports of Mineral Products ($1.51B), Metals ($475M), and Precious Metals ($91.2M).

During 2018, Italy had a large net trade with United Arab Emirates in the exports of Machines ($1.76B), Precious Metals ($1.55B), and Chemical Products ($863M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Arab Emirates Italy+$360MCrude Petroleum
Top Product Potential Italy United Arab Emirates+$118MCars

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

Product Space of United Arab Emirates (Flag) and Italy (Flag) (2023)

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