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2023
Flag → Flag
Exports $371MRnk 4 / 76
2023
Flag → Flag
Top Product $282MCrude Petroleum
2023
Flag → Flag
Exports $24.4MRnk 161 / 219
2023
Flag → Flag
Top Product $5.42MGas Turbines
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag  
GDP$12.3BCURRENT US$
Rnk 146 / 195
2013-2023
Flag
GDP GROWTH-43.8%CURRENT US$
Rnk 195 / 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 $6,678CURRENT US$
Rnk 108 / 195
2013-2023
Flag
GDP PC GROWTH-59%CURRENT US$
Rnk 195 / 195
2023
Flag
GDP PC$39,003CURRENT US$
Rnk 32 / 196
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195

About

Equatorial Guinea-Italy Trade: In 2023, Equatorial Guinea exported $371M to Italy. The main products that Equatorial Guinea exported to Italy were Crude Petroleum ($282M), Petroleum Gas ($86M), and Veneer Sheets ($3M). Over the past 5 years the exports of Equatorial Guinea to Italy have increased at an annualized rate of 7.76%, from $256M in 2018 to $371M in 2023.

In 2023, Equatorial Guinea did not export any services to Italy.

Italy-Equatorial Guinea Trade: In 2023, Italy exported $24.4M to Equatorial Guinea. The main products that Italy exported to Equatorial Guinea were Gas Turbines ($5.42M), Light Fixtures ($2.86M), and Poultry Meat ($2.84M). Over the past 5 years the exports of Italy to Equatorial Guinea have decreased at an annualized rate of 5.16%,  from $31.7M in 2018 to $24.4M in 2023.

In 2023, Italy did not export any services to Equatorial Guinea.

Comparison In 2023,  Equatorial Guinea ranked 127 in total exports ($5.13B), and does not have data regarding Economic Complexity Index. 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, Equatorial Guinea exported $371M to Italy. The main products exported from Equatorial Guinea to Italy were Crude Petroleum ($282M), Petroleum Gas ($86M), and Veneer Sheets ($3M). During the last 5 years the exports of Equatorial Guinea to Italy have increased at an annualized rate of 7.76%, from $256M in 2018 to $371M in 2023.

In 2018, Italy exported $24.4M to Equatorial Guinea. The main products exported from Italy to Equatorial Guinea were Gas Turbines ($5.42M), Light Fixtures ($2.86M), and Poultry Meat ($2.84M). During the last 5 years the exports of Italy to Equatorial Guinea have decreased at an annualized rate of 5.16%, from $31.7M in 2023 to $24.4M in 2018.

Exports from Equatorial Guinea (Flag) to Italy (Flag) (2023)

Exports from Italy (Flag) to Equatorial Guinea (Flag) (2023)

Latest Data

Trade between Equatorial Guinea (Flag) and Italy (Flag)

Italy Exports

Market Competitiveness

Color
Equatorial Guinea
Top DestinationChina$1.37B
Italy
Top DestinationGermany$71.4B

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

In 2023, countries that imported more from Equatorial Guinea than Italy included Sao Tome and Principe ($1.6M).

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

Difference in imports from Italy (Flag) and Equatorial Guinea (Flag) (2023)

Comparative Advantage Equatorial Guinea - Italy

Flow
Scale

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

During 2023, Equatorial Guinea had a large net trade with Italy in the exports of Mineral Products ($368M), Wood Products ($3.06M), and Instruments ($87.3k).

During 2018, Italy had a large net trade with Equatorial Guinea in the exports of Machines ($10M), Animal Products ($3.75M), and Miscellaneous ($3.34M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Equatorial Guinea Italy+$219MPetroleum Gas
Top Product Potential Italy Equatorial Guinea+$1.24MRefined Petroleum

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

Product Space of Equatorial Guinea (Flag) and Italy (Flag) (2023)

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