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Pricing

2022
Flag → Flag
Exports $8.87BRnk 14 / 221
2022
Flag → Flag
Top Product $382MMotor vehicles; parts and accessories (8701 to 8705)
2022
Flag → Flag
Exports $9.45BRnk 6 / 205
2022
Flag → Flag
Top Product $1.41BCars
2022
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Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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Economic Complexity (ECI) ECI 1.55Rnk 7 / 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$291BCURRENT US$
Rnk 46 / 186
2012-2022
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GDP GROWTH39.3%CURRENT US$
Rnk 83 / 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$27,638CURRENT US$
Rnk 42 / 186
2012-2022
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GDP PC GROWTH39.1%CURRENT US$
Rnk 51 / 186

About

Italy-Czechia Trade: In 2022, Italy exported $8.87B to Czechia. The main products that Italy exported to Czechia were Motor vehicles; parts and accessories (8701 to 8705) ($382M), Other Small Iron Pipes ($199M), and Packaged Medicaments ($190M). Over the past 5 years the exports of Italy to Czechia have increased at an annualized rate of 5.75%, from $6.71B in 2017 to $8.87B in 2022.

In 2020, Italy exported services to Czechia worth $915M, with Travel ($417M), Other business services ($200M), and Transportation ($159M) being the largest in terms of value.

Czechia-Italy Trade: In 2022, Czechia exported $9.45B to Italy. The main products that Czechia exported to Italy were Cars ($1.41B), Motor vehicles; parts and accessories (8701 to 8705) ($363M), and Rolled Tobacco ($248M). Over the past 5 years the exports of Czechia to Italy have increased at an annualized rate of 4.86%,  from $7.45B in 2017 to $9.45B in 2022.

In 2019, Czechia exported services to Italy worth $700M, with Transportation ($263M), Travel ($257M), and Other business services ($95.7M) 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, Czechia ranked 7 in the Economic Complexity Index (ECI 1.55), and 30 in total exports ($237B).

Latest Trends

November, 2023

About

Overview In November 2023, Italy exported €687M and imported €710M from Czechia, resulting in a negative trade balance of €22.4M. Between November 2022 and November 2023 the exports of Italy have decreased by €-15.4M (-2.19%) from €703M to €687M, while imports decreased by €-103M (-12.6%) from €812M to €710M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2022 - November 2023)€-15.4M(-2.19%)
IMPORT GROWTH (November 2022 - November 2023)€-103M(-12.6%)

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 Czechia and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Czechia and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $8.87B to Czechia. The main products exported from Italy to Czechia were Motor vehicles; parts and accessories (8701 to 8705) ($382M), Other Small Iron Pipes ($199M), and Packaged Medicaments ($190M). During the last 5 years the exports of Italy to Czechia have increased at an annualized rate of 5.75%, from $6.71B in 2017 to $8.87B in 2022.

In 2017, Czechia exported $9.45B to Italy. The main products exported from Czechia to Italy were Cars ($1.41B), Motor vehicles; parts and accessories (8701 to 8705) ($363M), and Rolled Tobacco ($248M). During the last 5 years the exports of Czechia to Italy have increased at an annualized rate of 4.86%, from $7.45B in 2022 to $9.45B in 2017.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Czechia
Top DestinationGermany$75.3B

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

In 2022, countries that imported more from Italy than Czechia included United States ($68.2B), France ($63.8B), and Spain ($32.8B).

In 2022, countries that imported more from Czechia than Italy included Slovakia ($19.7B), Hungary ($7.87B), and Ukraine ($1.66B).

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

Comparative Advantage Italy - Czechia

Flow
Scale

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

During 2022, Italy had a large net trade with Czechia in the exports of Machines ($2.43B), Metals ($1.95B), and Transportation ($775M).

During 2017, Czechia had a large net trade with Italy in the exports of Machines ($2.87B), Transportation ($1.99B), and Metals ($1.02B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Czechia+$141MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Czechia Italy+$374MCars

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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Bilateral Service Trade

In 2020, Italy exported services to Czechia worth $915M, with Travel ($417M), Other business services ($200M), and Transportation ($159M) being the largest in terms of value.

In 2019, Czechia exported services to Italy worth $700M, with Transportation ($263M), Travel ($257M), and Other business services ($95.7M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Czechia (Flag) to Italy (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Italy and Czechia. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over Czechia. Similarly, a dot/product with the flag of Czechia indicates it has a comparative advantage over Italy.

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

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