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2022
Flag → Flag
Exports $17.4BRnk 10 / 221
2022
Flag → Flag
Top Product $1.36BPackaged Medicaments
2022
Flag → Flag
Exports $56.1BRnk 22 / 211
2022
Flag → Flag
Top Product $4.63BBroadcasting Equipment
2022
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Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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Economic Complexity (ECI) ECI 1.12Rnk 22 / 133
2022
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GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$18TCURRENT US$
Rnk 2 / 186
2012-2022
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GDP GROWTH111%CURRENT US$
Rnk 11 / 186
2022
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GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC$12,720CURRENT US$
Rnk 67 / 186
2012-2022
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GDP PC GROWTH102%CURRENT US$
Rnk 8 / 186

About

Italy-China Trade: In 2022, Italy exported $17.4B to China. The main products that Italy exported to China were Packaged Medicaments ($1.36B), Cars ($1.01B), and Trunks and Cases ($721M). Over the past 5 years the exports of Italy to China have increased at an annualized rate of 2.4%, from $15.5B in 2017 to $17.4B in 2022.

In 2020, Italy exported services to China worth $1.57B, with Royalties and license fees ($749M), Other business services ($391M), and Transportation ($127M) being the largest in terms of value.

China-Italy Trade: In 2022, China exported $56.1B to Italy. The main products that China exported to Italy were Broadcasting Equipment ($4.63B), Computers ($1.67B), and Trunks and Cases ($1.17B). Over the past 5 years the exports of China to Italy have increased at an annualized rate of 11.9%,  from $32.1B in 2017 to $56.1B in 2022.

In 2022, China 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, China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T).

Latest Trends

August, 2024

About

Overview In August 2024, Italy exported €994M and imported €4.29B from China, resulting in a negative trade balance of €3.3B. Between August 2023 and August 2024 the exports of Italy have decreased by €-84.6M (-7.84%) from €1.08B to €994M, while imports increased by €900M (26.5%) from €3.39B to €4.29B.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€-84.6M(-7.84%)
IMPORT GROWTH (August 2023 - August 2024)€900M(26.5%)

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 China and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore China and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $17.4B to China. The main products exported from Italy to China were Packaged Medicaments ($1.36B), Cars ($1.01B), and Trunks and Cases ($721M). During the last 5 years the exports of Italy to China have increased at an annualized rate of 2.4%, from $15.5B in 2017 to $17.4B in 2022.

In 2017, China exported $56.1B to Italy. The main products exported from China to Italy were Broadcasting Equipment ($4.63B), Computers ($1.67B), and Trunks and Cases ($1.17B). During the last 5 years the exports of China to Italy have increased at an annualized rate of 11.9%, from $32.1B in 2022 to $56.1B in 2017.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
China
Top DestinationUnited States$551B

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

In 2022, countries that imported more from Italy than China included France ($63.8B), Switzerland ($27.8B), and Austria ($15B).

In 2022, countries that imported more from China than Italy included United States ($551B), Hong Kong ($276B), and Japan ($178B).

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

Comparative Advantage Italy - China

Flow
Scale

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

During 2022, Italy had a large net trade with China in the exports of Machines ($4.96B), Chemical Products ($2.6B), and Textiles ($1.96B).

During 2017, China had a large net trade with Italy in the exports of Machines ($22.7B), Textiles ($6.1B), and Metals ($5.55B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy China+$676MCars
Top Product Potential China Italy+$1.15BTelephones

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

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

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