2022
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GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH
-3.67%CURRENT US$
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2022
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 GDP
$1.68TCURRENT US$
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2012-2022
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GDP GROWTH
8.3%CURRENT US$
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2022
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GDP PC 
$34,158CURRENT US$
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2012-2022
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GDP PC GROWTH
-2.55%CURRENT US$
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2022
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GDP PC
$64,491CURRENT US$
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2012-2022
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GDP PC GROWTH
-5.23%CURRENT US$
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About

Italy-Australia In 2022, Italy exported $5.74B to Australia. The main products that Italy exported to Australia are Vaccines, blood, antisera, toxins and cultures ($305M), Packaged Medicaments ($269M), and Cars ($156M). During the last 27 years the exports of Italy to Australia have increased at an annualized rate of 4.89%, from $1.58B in 1995 to $5.74B in 2022.

In 2020, Italy exported services to Australia worth $426M, with Travel ($177M), Other business services ($83.5M), and Royalties and license fees ($73.3M) being the largest in terms of value.

Australia-Italy In 2022, Australia exported $1.21B to Italy. The main products that Australia exported to Italy were Coal Briquettes ($424M), Wool ($150M), and Hot-Rolled Iron ($102M). During the last 27 years the exports of Australia to Italy have increased at an annualized rate of 0.47%, from $1.07B in 1995 to $1.21B in 2022.

In 2009, Australia exported services to Italy worth $250M, with Travel ($203M), Transportation ($18.2M), and Other business services ($16.6M) being the largest in terms of value.

Comparison In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $5.74B to Australia. The main products exported from Italy to Australia were Vaccines, blood, antisera, toxins and cultures ($305M), Packaged Medicaments ($269M), and Cars ($156M). During the last 27 years the exports of Italy to Australia have increased at an annualized rate of 4.89%, from $1.58B in 1995 to $5.74B in 2022.

In 2022, Australia exported $1.21B to Italy. The main products exported from Australia to Italy were Coal Briquettes ($424M), Wool ($150M), and Hot-Rolled Iron ($102M). During the last 27 years the exports of Australia to Italy have increased at an annualized rate of 0.47%, from $1.07B in 1995 to $1.21B in 2022.

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

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

Market Competitiveness

Color
Italy
Top Destination
Germany$78.5B
Australia
Top Destination
China$123B

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

In 2021, countries that imported more from Italy than Australia were Germany ($78.5B), France ($63.8B), and United States ($68.2B).

In 2021, countries that imported more from Australia than Italy were China ($123B), Japan ($80.1B), and South Korea ($41B).

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

Comparative Advantage Italy - Australia

Flow
Scale

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

During 2022, Italy had a large net trade with Australia in the exports of Machines ($1.85B), Chemical Products ($838M), and Transportation ($643M).

During 2022, Australia had a large net trade with Italy in the exports of Mineral Products ($439M), Metals ($248M), and Textiles ($170M).

Service Trade

Bilateral Service Trade

In 2020, Italy exported services to Australia worth $426M, with Travel ($177M), Other business services ($83.5M), and Royalties and license fees ($73.3M) being the largest in terms of value.

In 2009, Australia exported services to Italy worth $250M, with Travel ($203M), Transportation ($18.2M), and Other business services ($16.6M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Australia (Flag) to Italy (Flag) (2009)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Italy has comparative advantage over Australia. Similarly, the more yellow a dot/product is, the more Australia has comparative advantage over Italy.

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

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