NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $29.5BRnk 5 / 219
2023
Flag → Flag
Top Product $1.18BPackaged Medicaments
2023
Flag → Flag
Exports $10BRnk 10 / 223
2023
Flag → Flag
Top Product $1.73BCars
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 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$49,464CURRENT US$
Rnk 26 / 196
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195

About

Italy-United Kingdom Trade: In 2023, Italy exported $29.5B to United Kingdom. The main products that Italy exported to United Kingdom were Packaged Medicaments ($1.18B), Wine ($1.13B), and Motor vehicles; parts and accessories (8701 to 8705) ($1.07B). Over the past 5 years the exports of Italy to United Kingdom have increased at an annualized rate of 1.8%, from $27B in 2018 to $29.5B in 2023.

In 2020, Italy exported services to United Kingdom worth $5.67B, with Other business services ($1.68B), Travel ($1.62B), and Communications services ($720M) being the largest in terms of value.

United Kingdom-Italy Trade: In 2023, United Kingdom exported $10B to Italy. The main products that United Kingdom exported to Italy were Cars ($1.73B), Crude Petroleum ($686M), and Gas Turbines ($630M). Over the past 5 years the exports of United Kingdom to Italy have decreased at an annualized rate of 5.2%,  from $13.1B in 2018 to $10B in 2023.

In 2019, United Kingdom exported services to Italy worth $12.2B, with Travel ($5.54B), Other business services ($1.96B), and Transportation ($1.71B) being the largest in terms of value.

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B).

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €2.68B and imported €668M from United Kingdom, resulting in a positive trade balance of €2.01B. Between October 2023 and October 2024 the exports of Italy have increased by €241M (9.9%) from €2.44B to €2.68B, while imports increased by €21.3M (3.3%) from €647M to €668M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€241M(9.9%)
IMPORT GROWTH (October 2023 - October 2024)€21.3M(3.3%)

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 United Kingdom and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore United Kingdom and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $29.5B to United Kingdom. The main products exported from Italy to United Kingdom were Packaged Medicaments ($1.18B), Wine ($1.13B), and Motor vehicles; parts and accessories (8701 to 8705) ($1.07B). During the last 5 years the exports of Italy to United Kingdom have increased at an annualized rate of 1.8%, from $27B in 2018 to $29.5B in 2023.

In 2018, United Kingdom exported $10B to Italy. The main products exported from United Kingdom to Italy were Cars ($1.73B), Crude Petroleum ($686M), and Gas Turbines ($630M). During the last 5 years the exports of United Kingdom to Italy have decreased at an annualized rate of 5.2%, from $13.1B in 2023 to $10B in 2018.

Exports from Italy (Flag) to United Kingdom (Flag) (2023)

Exports from United Kingdom (Flag) to Italy (Flag) (2023)

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
United Kingdom
Top DestinationUnited States$59.7B

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

In 2023, countries that imported more from Italy than United Kingdom included Germany ($71.4B), France ($61.1B), and Switzerland ($29.3B).

In 2023, countries that imported more from United Kingdom than Italy included Ireland ($29.1B), China ($35.3B), and Netherlands ($29.8B).

Difference in imports from United Kingdom (Flag) and Italy (Flag) (2023)

Comparative Advantage Italy - United Kingdom

Flow
Scale

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

During 2023, Italy had a large net trade with United Kingdom in the exports of Machines ($6.68B), Foodstuffs ($4.12B), and Transportation ($3.77B).

During 2018, United Kingdom had a large net trade with Italy in the exports of Machines ($2.57B), Transportation ($2.51B), and Mineral Products ($819M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy United Kingdom+$486MCars
Top Product Potential United Kingdom Italy+$473MCars

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

In 2020, Italy exported services to United Kingdom worth $5.67B, with Other business services ($1.68B), Travel ($1.62B), and Communications services ($720M) being the largest in terms of value.

In 2019, United Kingdom exported services to Italy worth $12.2B, with Travel ($5.54B), Other business services ($1.96B), and Transportation ($1.71B) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Italy (Flag) to United Kingdom (Flag) (2020)

Services Exports from United Kingdom (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 United Kingdom. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over United Kingdom. Similarly, a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Italy.

Product Space of Italy (Flag) and United Kingdom (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms