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Pricing

2023
Flag → Flag
Exports $61.2MRnk 133 / 219
2023
Flag → Flag
Top Product $15.4MPoultry Meat
2023
Flag → Flag
Exports $6.74MRnk 20 / 120
2023
Flag → Flag
Top Product $3.53MCoconuts, Brazil Nuts, and Cashews
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.43Rnk 83 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$19.7BCURRENT US$
Rnk 123 / 195
2013-2023
Flag
GDP GROWTH57.2%CURRENT US$
Rnk 59 / 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$1,394CURRENT US$
Rnk 168 / 196
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 104 / 195

About

Italy-Benin Trade: In 2023, Italy exported $61.2M to Benin. The main products that Italy exported to Benin were Poultry Meat ($15.4M), Stone Processing Machines ($4.14M), and Industrial Food Preperation Machinery ($2.08M). Over the past 5 years the exports of Italy to Benin have increased at an annualized rate of 2.53%, from $54M in 2018 to $61.2M in 2023.

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

Benin-Italy Trade: In 2023, Benin exported $6.74M to Italy. The main products that Benin exported to Italy were Coconuts, Brazil Nuts, and Cashews ($3.53M), Soybeans ($1.68M), and Coated Metal Soldering Products ($735k). Over the past 5 years the exports of Benin to Italy have increased at an annualized rate of 11.5%,  from $3.91M in 2018 to $6.74M in 2023.

In 2023, Benin 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, Benin ranked 83 in the Economic Complexity Index (ECI -0.43), and 146 in total exports ($1.93B).

Latest Trends

N/A

About

Overview In N/A, Italy exported €N/A and imported €N/A from Benin, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Italy have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Trade In N/A, the top exports of Italy to Benin were . In N/A the top imports of Italy from Benin were .

Growth In N/A, the N/A in Italy's year-by-year exports to Benin was explained primarily by an decrease in product exports in . In N/A, the N/A in Italy's year-by-year imports  from Benin was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth

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 Benin and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Benin and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $61.2M to Benin. The main products exported from Italy to Benin were Poultry Meat ($15.4M), Stone Processing Machines ($4.14M), and Industrial Food Preperation Machinery ($2.08M). During the last 5 years the exports of Italy to Benin have increased at an annualized rate of 2.53%, from $54M in 2018 to $61.2M in 2023.

In 2018, Benin exported $6.74M to Italy. The main products exported from Benin to Italy were Coconuts, Brazil Nuts, and Cashews ($3.53M), Soybeans ($1.68M), and Coated Metal Soldering Products ($735k). During the last 5 years the exports of Benin to Italy have increased at an annualized rate of 11.5%, from $3.91M in 2023 to $6.74M in 2018.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Benin
Top DestinationUnited Arab Emirates$803M

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

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

In 2023, countries that imported more from Benin than Italy included Chad ($36.7M).

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

Comparative Advantage Italy - Benin

Flow
Scale

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

During 2023, Italy had a large net trade with Benin in the exports of Machines ($22.2M), Animal Products ($15.5M), and Metals ($5.57M).

During 2018, Benin had a large net trade with Italy in the exports of Vegetable Products ($5.56M), Metals ($741k), and Precious Metals ($260k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Benin+$2.11MPackaged Medicaments
Top Product Potential Benin Italy+$590kOther Nuts

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

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

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