2022
Flag  
GDP
$17.4BCURRENT US$
Rnk 124 / 186
2012-2022
Flag
GDP GROWTH
56.2%CURRENT US$
Rnk 48 / 186
2022
Flag
 GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH
-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
GDP PC 
$1,303CURRENT US$
Rnk 161 / 186
2012-2022
Flag
GDP PC GROWTH
17.1%CURRENT US$
Rnk 95 / 186
2022
Flag
GDP PC
$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH
-2.55%CURRENT US$
Rnk 148 / 186

About

Benin-Italy Trade: In 2022, Benin exported $3.95M to Italy. The main products that Benin exported to Italy were Coconuts, Brazil Nuts, and Cashews ($2.45M), Other Nuts ($1.36M), and Iron Structures ($41.2k). Over the past 5 years the exports of Benin to Italy have decreased at an annualized rate of 7.46%, from $5.81M in 2017 to $3.95M in 2022.

In 2022, Benin did not export any services to Italy.

Italy-Benin Trade: In 2022, Italy exported $64.3M to Benin. The main products that Italy exported to Benin were Poultry Meat ($16.1M), Stone Processing Machines ($3.67M), and Unglazed Ceramics ($3.53M). Over the past 5 years the exports of Italy to Benin have increased at an annualized rate of 7.7%,  from $44.3M in 2017 to $64.3M in 2022.

In 2022, Italy did not export any services to Benin.

Comparison: In 2022,  Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B). That same year, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Benin exported $3.95M to Italy. The main products exported from Benin to Italy were Coconuts, Brazil Nuts, and Cashews ($2.45M), Other Nuts ($1.36M), and Iron Structures ($41.2k). During the last 5 years the exports of Benin to Italy have decreased at an annualized rate of 7.46%, from $5.81M in 2017 to $3.95M in 2022.

In 2017, Italy exported $64.3M to Benin. The main products exported from Italy to Benin were Poultry Meat ($16.1M), Stone Processing Machines ($3.67M), and Unglazed Ceramics ($3.53M). During the last 5 years the exports of Italy to Benin have increased at an annualized rate of 7.7%, from $44.3M in 2022 to $64.3M in 2017.

Exports from Benin (Flag) to Italy (Flag) (2022)

Exports from Italy (Flag) to Benin (Flag) (2022)

Latest Data

Trade between Benin (Flag) and Italy (Flag)

Benin Exports

Italy Exports

Market Competitiveness

Color
Benin
Top Destination
India$448M
Italy
Top Destination
Germany$78.5B

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

In 2022, countries that imported more from Benin than Italy included Chad ($28M) and Norfolk Island ($40.1k).

In 2022, countries that imported more from Italy than Benin included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

Difference in imports from Italy (Flag) and Benin (Flag) (2022)

Comparative Advantage Benin - Italy

Flow
Scale

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

During 2022, Benin had a large net trade with Italy in the exports of Vegetable Products ($3.81M), Machines ($57.8k), and Metals ($41.2k).

During 2017, Italy had a large net trade with Benin in the exports of Machines ($17M), Animal Products ($16.4M), and Stone And Glass ($6.59M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Benin Italy+$590kOther Nuts
Top Product Potential Italy Benin+$2.11MPackaged Medicaments

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

Product Space of Benin (Flag) and Italy (Flag) (2022)

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