Benin (BEN) and Italy (ITA) Trade | The Observatory of Economic Complexity

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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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 () to Italy () (2022)

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

Latest Data

Trade between Benin () and Italy ()

Benin Exports

Date

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Benin
Top DestinationIndia$448M

Italy
Top DestinationGermany$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 () and Benin () (2022)

Comparative Advantage Benin - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Benin () and Italy ()

Benin Exports

Italy Exports

Market Competitiveness

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

Comparative Advantage Benin - Italy

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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