Australia (AUS) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Australia-Italy Trade: In 2023, Australia exported $688M to Italy. The main products that Australia exported to Italy were Wool ($139M), Hot-Rolled Iron ($102M), and Coal Briquettes ($71.2M). Over the past 5 years the exports of Australia to Italy have decreased at an annualized rate of 0.34%, from $700M in 2018 to $688M in 2023.

In 2009, Australia exported services to Italy worth $250M, with Travel ($203M), Transportation ($18.2M), and Other business services ($16.6M) being the largest in terms of value.

Italy-Australia Trade: In 2023, Italy exported $6.19B to Australia. The main products that Italy exported to Australia were Packaged Medicaments ($339M), Cars ($264M), and Trunks and Cases ($250M). Over the past 5 years the exports of Italy to Australia have increased at an annualized rate of 2.88%, from $5.37B in 2018 to $6.19B in 2023.

In 2020, Italy exported services to Australia worth $426M, with Travel ($177M), Other business services ($83.5M), and Royalties and license fees ($73.3M) being the largest in terms of value.

Comparison: In 2023, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B). 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, Australia exported $688M to Italy. The main products exported from Australia to Italy were Wool ($139M), Hot-Rolled Iron ($102M), and Coal Briquettes ($71.2M). During the last 5 years the exports of Australia to Italy have decreased at an annualized rate of 0.34%, from $700M in 2018 to $688M in 2023.

In 2018, Italy exported $6.19B to Australia. The main products exported from Italy to Australia were Packaged Medicaments ($339M), Cars ($264M), and Trunks and Cases ($250M). During the last 5 years the exports of Italy to Australia have increased at an annualized rate of 2.88%, from $5.37B in 2023 to $6.19B in 2018.

Exports from Australia () to Italy () (2023)

Exports from Italy () to Australia () (2023)

Latest Data

Trade between Australia () and Italy ()

Australia Exports

Date

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Australia
Top DestinationChina$137B

Italy
Top DestinationGermany$71.4B

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

In 2023, countries that imported more from Australia than Italy included China ($137B), Japan ($59B), and Chinese Taipei ($17.4B).

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

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

Comparative Advantage Australia - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Australia had a large net trade with Italy in the exports of Metals ($174M), Textiles ($155M), and Mineral Products ($88.8M).

During 2018, Italy had a large net trade with Australia in the exports of Machines ($1.98B), Transportation ($777M), and Chemical Products ($766M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Australia Italy+$137MCoal Briquettes

Top Product Potential Italy Australia+$117MCars

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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Bilateral Service Trade

Ita Year

Aus Year

In 2009, Australia exported services to Italy worth $250M, with Travel ($203M), Transportation ($18.2M), and Other business services ($16.6M) being the largest in terms of value.

In 2020, Italy exported services to Australia worth $426M, with Travel ($177M), Other business services ($83.5M), and Royalties and license fees ($73.3M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Australia () to Italy () (2009)

Services Exports from Italy () to Australia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Australia () to Italy () (2023)

Exports from Italy () to Australia () (2023)

Latest Data

Trade between Australia () and Italy ()

Australia Exports

Italy Exports

Market Competitiveness

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

Comparative Advantage Australia - Italy

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Australia () to Italy () (2009)

Services Exports from Italy () to Australia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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