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Pricing

2023
Flag → Flag
Exports $24.4MRnk 161 / 219
2023
Flag → Flag
Top Product $5.42MGas Turbines
2023
Flag → Flag
Exports $371MRnk 4 / 76
2023
Flag → Flag
Top Product $282MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$12.3BCURRENT US$
Rnk 146 / 195
2013-2023
Flag
GDP GROWTH-43.8%CURRENT US$
Rnk 195 / 195
2023
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GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
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GDP PC$6,678CURRENT US$
Rnk 108 / 196
2013-2023
Flag
GDP PC GROWTH-59%CURRENT US$
Rnk 195 / 195

About

Italy-Equatorial Guinea Trade: In 2023, Italy exported $24.4M to Equatorial Guinea. The main products that Italy exported to Equatorial Guinea were Gas Turbines ($5.42M), Light Fixtures ($2.86M), and Poultry Meat ($2.84M). Over the past 5 years the exports of Italy to Equatorial Guinea have decreased at an annualized rate of 5.16%, from $31.7M in 2018 to $24.4M in 2023.

In 2023, Italy did not export any services to Equatorial Guinea.

Equatorial Guinea-Italy Trade: In 2023, Equatorial Guinea exported $371M to Italy. The main products that Equatorial Guinea exported to Italy were Crude Petroleum ($282M), Petroleum Gas ($86M), and Veneer Sheets ($3M). Over the past 5 years the exports of Equatorial Guinea to Italy have increased at an annualized rate of 7.76%,  from $256M in 2018 to $371M in 2023.

In 2023, Equatorial Guinea 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, Equatorial Guinea ranked 127 in total exports ($5.13B), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €2.75M and imported €50.8M from Equatorial Guinea, resulting in a negative trade balance of €48M. Between October 2023 and October 2024 the exports of Italy have increased by €1.52M (123%) from €1.23M to €2.75M, while imports decreased by €-4.18M (-7.62%) from €54.9M to €50.8M.

Growth In October 2024, the increase in Italy's year-by-year exports to Equatorial Guinea was explained primarily by an increase in product exports in . In September 2024, the decrease in Italy's year-by-year imports  from Equatorial Guinea was explained primarily by an decrease in product imports  in N/A.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€1.52M(123%)
IMPORT GROWTH (September 2023 - September 2024)€-4.18M(-7.62%)

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 Equatorial Guinea and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Equatorial Guinea and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $24.4M to Equatorial Guinea. The main products exported from Italy to Equatorial Guinea were Gas Turbines ($5.42M), Light Fixtures ($2.86M), and Poultry Meat ($2.84M). During the last 5 years the exports of Italy to Equatorial Guinea have decreased at an annualized rate of 5.16%, from $31.7M in 2018 to $24.4M in 2023.

In 2018, Equatorial Guinea exported $371M to Italy. The main products exported from Equatorial Guinea to Italy were Crude Petroleum ($282M), Petroleum Gas ($86M), and Veneer Sheets ($3M). During the last 5 years the exports of Equatorial Guinea to Italy have increased at an annualized rate of 7.76%, from $256M in 2023 to $371M in 2018.

Exports from Italy (Flag) to Equatorial Guinea (Flag) (2023)

Exports from Equatorial Guinea (Flag) to Italy (Flag) (2023)

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Equatorial Guinea
Top DestinationChina$1.37B

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

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

In 2023, countries that imported more from Equatorial Guinea than Italy included Sao Tome and Principe ($1.6M).

Difference in imports from Equatorial Guinea (Flag) and Italy (Flag) (2023)

Comparative Advantage Italy - Equatorial Guinea

Flow
Scale

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

During 2023, Italy had a large net trade with Equatorial Guinea in the exports of Machines ($10M), Animal Products ($3.75M), and Miscellaneous ($3.34M).

During 2018, Equatorial Guinea had a large net trade with Italy in the exports of Mineral Products ($368M), Wood Products ($3.06M), and Instruments ($87.3k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Equatorial Guinea+$1.24MRefined Petroleum
Top Product Potential Equatorial Guinea Italy+$219MPetroleum Gas

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

Product Space of Italy (Flag) and Equatorial Guinea (Flag) (2023)

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