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2023
Flag → Flag
Exports $588MRnk 81 / 219
2023
Flag → Flag
Top Product $46.6MGas Turbines
2023
Flag → Flag
Exports $800MRnk 11 / 157
2023
Flag → Flag
Top Product $780MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
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Economic Complexity (ECI) ECI -1.23Rnk 120 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$84.8BCURRENT US$
Rnk 73 / 195
2013-2023
Flag
GDP GROWTH-35.9%CURRENT US$
Rnk 193 / 195
2023
Flag
GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$2,308CURRENT US$
Rnk 151 / 196
2013-2023
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GDP PC GROWTH-54.4%CURRENT US$
Rnk 194 / 195

About

Italy-Angola Trade: In 2023, Italy exported $588M to Angola. The main products that Italy exported to Angola were Gas Turbines ($46.6M), Planes, Helicopters, and/or Spacecraft ($41.1M), and Iron Pipes ($38.7M). Over the past 5 years the exports of Italy to Angola have increased at an annualized rate of 16.4%, from $275M in 2018 to $588M in 2023.

In 2023, Italy did not export any services to Angola.

Angola-Italy Trade: In 2023, Angola exported $800M to Italy. The main products that Angola exported to Italy were Crude Petroleum ($780M), Granite ($7.27M), and Recreational Boats ($4.33M). Over the past 5 years the exports of Angola to Italy have increased at an annualized rate of 8.88%,  from $523M in 2018 to $800M in 2023.

In 2023, Angola did not export any services to Italy.

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Angola ranked 120 in the Economic Complexity Index (ECI -1.23), and 62 in total exports ($42.6B).

Latest Trends

November, 2024

About

Overview In November 2024, Italy exported €38.6M and imported €139M from Angola, resulting in a negative trade balance of €99.9M. Between November 2023 and November 2024 the exports of Italy have increased by €34.3M (789%) from €4.34M to €38.6M, while imports decreased by €-8.92M (-6.05%) from €147M to €139M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€34.3M(789%)
IMPORT GROWTH (September 2023 - September 2024)€-8.92M(-6.05%)

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Angola and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Angola and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $588M to Angola. The main products exported from Italy to Angola were Gas Turbines ($46.6M), Planes, Helicopters, and/or Spacecraft ($41.1M), and Iron Pipes ($38.7M). During the last 5 years the exports of Italy to Angola have increased at an annualized rate of 16.4%, from $275M in 2018 to $588M in 2023.

In 2018, Angola exported $800M to Italy. The main products exported from Angola to Italy were Crude Petroleum ($780M), Granite ($7.27M), and Recreational Boats ($4.33M). During the last 5 years the exports of Angola to Italy have increased at an annualized rate of 8.88%, from $523M in 2023 to $800M in 2018.

Exports from Italy (Flag) to Angola (Flag) (2023)

Exports from Angola (Flag) to Italy (Flag) (2023)

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Angola
Top DestinationChina$17.1B

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

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

In 2023, countries that imported more from Angola than Italy included Republic of the Congo ($1.24B), Namibia ($165M), and Democratic Republic of the Congo ($127M).

Difference in imports from Angola (Flag) and Italy (Flag) (2023)

Comparative Advantage Italy - Angola

Flow
Scale

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

During 2023, Italy had a large net trade with Angola in the exports of Machines ($330M), Metals ($87M), and Transportation ($55.1M).

During 2018, Angola had a large net trade with Italy in the exports of Mineral Products ($788M), Transportation ($4.33M), and Metals ($3.54M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Angola+$7.62MValves
Top Product Potential Angola Italy+$517MCrude 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 Italy and Angola. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over Angola. Similarly, a dot/product with the flag of Angola indicates it has a comparative advantage over Italy.

Product Space of Italy (Flag) and Angola (Flag) (2023)

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