2022
Flag  
GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH
-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
 GDP
$508BCURRENT US$
Rnk 28 / 186
2012-2022
Flag
GDP GROWTH
32%CURRENT US$
Rnk 93 / 186
2022
Flag
GDP PC 
$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH
-2.55%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC
$53,758CURRENT US$
Rnk 16 / 186
2012-2022
Flag
GDP PC GROWTH
21.1%CURRENT US$
Rnk 81 / 186

About

Italy-United Arab Emirates Trade: In 2022, Italy exported $6.52B to United Arab Emirates. The main products that Italy exported to United Arab Emirates were Jewellery ($1.19B), Cars ($191M), and Valves ($173M). Over the past 5 years the exports of Italy to United Arab Emirates have increased at an annualized rate of 0.92%, from $6.23B in 2017 to $6.52B in 2022.

In 2022, Italy did not export any services to United Arab Emirates.

United Arab Emirates-Italy Trade: In 2022, United Arab Emirates exported $2.75B to Italy. The main products that United Arab Emirates exported to Italy were Refined Petroleum ($646M), Raw Aluminium ($491M), and Gold ($314M). Over the past 5 years the exports of United Arab Emirates to Italy have increased at an annualized rate of 16.6%,  from $1.28B in 2017 to $2.75B in 2022.

In 2022, United Arab Emirates did not export any services to Italy.

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, United Arab Emirates ranked 53 in the Economic Complexity Index (ECI 0.24), and 18 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $6.52B to United Arab Emirates. The main products exported from Italy to United Arab Emirates were Jewellery ($1.19B), Cars ($191M), and Valves ($173M). During the last 5 years the exports of Italy to United Arab Emirates have increased at an annualized rate of 0.92%, from $6.23B in 2017 to $6.52B in 2022.

In 2017, United Arab Emirates exported $2.75B to Italy. The main products exported from United Arab Emirates to Italy were Refined Petroleum ($646M), Raw Aluminium ($491M), and Gold ($314M). During the last 5 years the exports of United Arab Emirates to Italy have increased at an annualized rate of 16.6%, from $1.28B in 2022 to $2.75B in 2017.

Exports from Italy (Flag) to United Arab Emirates (Flag) (2022)

Exports from United Arab Emirates (Flag) to Italy (Flag) (2022)

Market Competitiveness

Color
Italy
Top Destination
Germany$78.5B
United Arab Emirates
Top Destination
India$51B

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

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

In 2022, countries that imported more from United Arab Emirates than Italy included India ($51B), Japan ($40.9B), and Saudi Arabia ($27.8B).

Difference in imports from United Arab Emirates (Flag) and Italy (Flag) (2022)

Comparative Advantage Italy - United Arab Emirates

Flow
Scale

This chart compares trade between Italy and United Arab Emirates by product, considering products traded by both, Italy and United Arab Emirates.

During 2022, Italy had a large net trade with United Arab Emirates in the exports of Machines ($1.5B), Precious Metals ($1.35B), and Chemical Products ($585M).

During 2017, United Arab Emirates had a large net trade with Italy in the exports of Mineral Products ($867M), Metals ($636M), and Precious Metals ($382M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy United Arab Emirates+$118MCars
Top Product Potential United Arab Emirates Italy+$360MCrude 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 United Arab Emirates. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over United Arab Emirates. Similarly, a dot/product with the flag of United Arab Emirates indicates it has a comparative advantage over Italy.

Product Space of Italy (Flag) and United Arab Emirates (Flag) (2022)

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