2022
Flag  
GDP
$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH
15.5%CURRENT US$
Rnk 136 / 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 
$48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH
10.4%CURRENT US$
Rnk 115 / 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

Germany-Italy Trade: In 2022, Germany exported $90.7B to Italy. The main products that Germany exported to Italy were Cars ($8.38B), Packaged Medicaments ($6.83B), and Vaccines, blood, antisera, toxins and cultures ($4.13B). Over the past 5 years the exports of Germany to Italy have increased at an annualized rate of 4.51%, from $72.7B in 2017 to $90.7B in 2022.

In 2020, Germany exported services to Italy worth $7.22B, with Other business services ($2.26B), Transportation ($1.35B), and Computer and information services ($1.08B) being the largest in terms of value.

Italy-Germany Trade: In 2022, Italy exported $78.5B to Germany. The main products that Italy exported to Germany were Motor vehicles; parts and accessories (8701 to 8705) ($3.39B), Cars ($2.99B), and Packaged Medicaments ($2.89B). Over the past 5 years the exports of Italy to Germany have increased at an annualized rate of 4.88%,  from $61.9B in 2017 to $78.5B in 2022.

In 2020, Italy exported services to Germany worth $8.99B, with Travel ($4.2B), Other business services ($2.14B), and Computer and information services ($910M) being the largest in terms of value.

Comparison: In 2022,  Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T). 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, Germany exported $90.7B to Italy. The main products exported from Germany to Italy were Cars ($8.38B), Packaged Medicaments ($6.83B), and Vaccines, blood, antisera, toxins and cultures ($4.13B). During the last 5 years the exports of Germany to Italy have increased at an annualized rate of 4.51%, from $72.7B in 2017 to $90.7B in 2022.

In 2017, Italy exported $78.5B to Germany. The main products exported from Italy to Germany were Motor vehicles; parts and accessories (8701 to 8705) ($3.39B), Cars ($2.99B), and Packaged Medicaments ($2.89B). During the last 5 years the exports of Italy to Germany have increased at an annualized rate of 4.88%, from $61.9B in 2022 to $78.5B in 2017.

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

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

Market Competitiveness

Color
Germany
Top Destination
United States$153B
Italy
Top Destination
Germany$78.5B

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

In 2022, countries that imported more from Germany than Italy included China ($109B), Netherlands ($109B), and United States ($153B).

In 2022, countries that imported more from Italy than Germany included Tunisia ($3.85B), Gibraltar ($2.04B), and Libya ($2.28B).

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

Comparative Advantage Germany - Italy

Flow
Scale

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

During 2022, Germany had a large net trade with Italy in the exports of Machines ($21.4B), Chemical Products ($17.6B), and Transportation ($13.2B).

During 2017, Italy had a large net trade with Germany in the exports of Machines ($16.3B), Metals ($13.5B), and Transportation ($9.1B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Italy+$451MCars
Top Product Potential Italy Germany+$653MCars

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

In 2020, Germany exported services to Italy worth $7.22B, with Other business services ($2.26B), Transportation ($1.35B), and Computer and information services ($1.08B) being the largest in terms of value.

In 2020, Italy exported services to Germany worth $8.99B, with Travel ($4.2B), Other business services ($2.14B), and Computer and information services ($910M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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