2023
Flag  
GDP
$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH
6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP
$2.4BCURRENT US$
Rnk 173 / 195
2013-2023
Flag
GDP GROWTH
74.2%CURRENT US$
Rnk 35 / 195
2023
Flag
GDP PC 
$39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH
9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC
$888CURRENT US$
Rnk 181 / 196
2013-2023
Flag
GDP PC GROWTH
35.8%CURRENT US$
Rnk 68 / 195

About

Italy-Gambia Trade: In 2023, Italy exported $6.51M to Gambia. The main products that Italy exported to Gambia were Other Agricultural Machinery ($464k), Hard Liquor ($434k), and Prepared Cereals ($370k). Over the past 5 years the exports of Italy to Gambia have decreased at an annualized rate of 6.63%, from $9.17M in 2018 to $6.51M in 2023.

In 2023, Italy did not export any services to Gambia.

Gambia-Italy Trade: In 2023, Gambia exported $7.93M to Italy. The main products that Gambia exported to Italy were Molluscs ($4.26M), Processed Crustaceans ($2.66M), and Non-fillet Fresh Fish ($541k). Over the past 5 years the exports of Gambia to Italy have increased at an annualized rate of 67.3%,  from $605k in 2018 to $7.93M in 2023.

In 2023, Gambia 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, Gambia ranked 138 in total exports ($3.16B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $6.51M to Gambia. The main products exported from Italy to Gambia were Other Agricultural Machinery ($464k), Hard Liquor ($434k), and Prepared Cereals ($370k). During the last 5 years the exports of Italy to Gambia have decreased at an annualized rate of 6.63%, from $9.17M in 2018 to $6.51M in 2023.

In 2018, Gambia exported $7.93M to Italy. The main products exported from Gambia to Italy were Molluscs ($4.26M), Processed Crustaceans ($2.66M), and Non-fillet Fresh Fish ($541k). During the last 5 years the exports of Gambia to Italy have increased at an annualized rate of 67.3%, from $605k in 2023 to $7.93M in 2018.

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

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

Market Competitiveness

Color
Italy
Top Destination
Germany$71.4B
Gambia
Top Destination
Kazakhstan$2.91B

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

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

In 2023, countries that imported more from Gambia than Italy included Kazakhstan ($2.91B) and Guinea-Bissau ($59.3M).

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

Comparative Advantage Italy - Gambia

Flow
Scale

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

During 2023, Italy had a large net trade with Gambia in the exports of Machines ($2.05M), Foodstuffs ($1.06M), and Transportation ($563k).

During 2018, Gambia had a large net trade with Italy in the exports of Animal Products ($5.27M), Foodstuffs ($2.66M), and Machines ($3.58k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Gambia+$485kCars
Top Product Potential Gambia Italy+$1.52MMolluscs

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

Product Space of Italy (Flag) and Gambia (Flag) (2023)

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