2023
Flag  
GDP
$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH
6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
GDP PC 
$39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH
9.11%CURRENT US$
Rnk 136 / 195

About

Italy-Falkland Islands Trade: In 2023, Italy exported $2.05k to Falkland Islands. The main products that Italy exported to Falkland Islands were Wine ($2.05k). Over the past 5 years the exports of Italy to Falkland Islands have decreased at an annualized rate of 5.91%, from $2.78k in 2018 to $2.05k in 2023.

In 2023, Italy did not export any services to Falkland Islands.

Falkland Islands-Italy Trade: In 2023, Falkland Islands exported $444k to Italy. The main products that Falkland Islands exported to Italy were Wool ($270k), Non-fillet Frozen Fish ($113k), and Molluscs ($60.8k). Over the past 5 years the exports of Falkland Islands to Italy have increased at an annualized rate of 2.31%,  from $361k in 2018 to $444k in 2023.

In 2023, Falkland Islands 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, Falkland Islands ranked 175 in total exports ($363M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $2.05k to Falkland Islands. The main products exported from Italy to Falkland Islands were Wine ($2.05k). During the last 5 years the exports of Italy to Falkland Islands have decreased at an annualized rate of 5.91%, from $2.78k in 2018 to $2.05k in 2023.

In 2018, Falkland Islands exported $444k to Italy. The main products exported from Falkland Islands to Italy were Wool ($270k), Non-fillet Frozen Fish ($113k), and Molluscs ($60.8k). During the last 5 years the exports of Falkland Islands to Italy have increased at an annualized rate of 2.31%, from $361k in 2023 to $444k in 2018.

Exports from Italy (Flag) to Falkland Islands (Flag) (2023)

Exports from Falkland Islands (Flag) to Italy (Flag) (2023)

Market Competitiveness

Color
Italy
Top Destination
Germany$71.4B
Falkland Islands
Top Destination
Spain$248M

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

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

In 2023, no countries were registered that imported more from Falkland Islands than from Italy.

Difference in imports from Falkland Islands (Flag) and Italy (Flag) (2023)

Comparative Advantage Italy - Falkland Islands

Flow
Scale

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

During 2023, Italy had a large net trade with Falkland Islands in the exports of N/A.

During 2018, Falkland Islands had a large net trade with Italy in the exports of Textiles ($270k) and Animal Products ($173k).

Economic Complexity

Competitive Landscape

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

Product Space of Italy (Flag) and Falkland Islands (Flag) (2023)

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