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2023
Flag → Flag
Exports $21.8BRnk 7 / 219
2023
Flag → Flag
Top Product $3.94BPackaged Medicaments
2023
Flag → Flag
Exports $47.7BRnk 21 / 208
2023
Flag → Flag
Top Product $4.05BBroadcasting Equipment
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
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Economic Complexity (ECI) ECI 1.16Rnk 21 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
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GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
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 GDP$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
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GDP GROWTH85.9%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
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GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
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GDP PC$12,614CURRENT US$
Rnk 80 / 196
2013-2023
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GDP PC GROWTH79.7%CURRENT US$
Rnk 17 / 195

About

Italy-China Trade: In 2023, Italy exported $21.8B to China. The main products that Italy exported to China were Packaged Medicaments ($3.94B), Trunks and Cases ($1.21B), and Leather Footwear ($656M). Over the past 5 years the exports of Italy to China have increased at an annualized rate of 5.46%, from $16.7B in 2018 to $21.8B in 2023.

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 2023, China exported $47.7B to Italy. The main products that China exported to Italy were Broadcasting Equipment ($4.05B), Electric Batteries ($1.59B), and Computers ($1.39B). Over the past 5 years the exports of China to Italy have increased at an annualized rate of 5.48%,  from $36.5B in 2018 to $47.7B in 2023.

In 2023, China 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, China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T).

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €1.35B and imported €4.54B from China, resulting in a negative trade balance of €3.18B. Between October 2023 and October 2024 the exports of Italy have increased by €14.8M (1.1%) from €1.34B to €1.35B, while imports increased by €85.3M (1.92%) from €4.45B to €4.54B.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€14.8M(1.1%)
IMPORT GROWTH (October 2023 - October 2024)€85.3M(1.92%)

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $21.8B to China. The main products exported from Italy to China were Packaged Medicaments ($3.94B), Trunks and Cases ($1.21B), and Leather Footwear ($656M). During the last 5 years the exports of Italy to China have increased at an annualized rate of 5.46%, from $16.7B in 2018 to $21.8B in 2023.

In 2018, China exported $47.7B to Italy. The main products exported from China to Italy were Broadcasting Equipment ($4.05B), Electric Batteries ($1.59B), and Computers ($1.39B). During the last 5 years the exports of China to Italy have increased at an annualized rate of 5.48%, from $36.5B in 2023 to $47.7B in 2018.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
China
Top DestinationUnited States$436B

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 2023, countries that imported more from Italy than China included France ($61.1B), Switzerland ($29.3B), and Croatia ($6.16B).

In 2023, countries that imported more from China than Italy included United States ($436B), Hong Kong ($259B), and Japan ($169B).

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

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 2023, Italy had a large net trade with China in the exports of Chemical Products ($5.44B), Machines ($5.18B), and Textiles ($2.44B).

During 2018, China had a large net trade with Italy in the exports of Machines ($20.8B), Textiles ($4.92B), and Metals ($4.51B).

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) (2023)

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