Italy-India Trade: In 2022, Italy exported $5.14B to India. The main products that Italy exported to India were Valves ($133M), Machinery Having Individual Functions ($121M), and Washing and Bottling Machines ($114M). Over the past 5 years the exports of Italy to India have increased at an annualized rate of 4.35%, from $4.15B in 2017 to $5.14B in 2022.
In 2020, Italy exported services to India worth $358M, with Other business services ($115M), Royalties and license fees ($70M), and Travel ($54.6M) being the largest in terms of value.
India-Italy Trade: In 2022, India exported $9.35B to Italy. The main products that India exported to Italy were Broadcasting Equipment ($628M), Raw Aluminium ($510M), and Hot-Rolled Iron ($483M). Over the past 5 years the exports of India to Italy have increased at an annualized rate of 9.58%, from $5.92B in 2017 to $9.35B in 2022.
In 2022, India did not export any services to Italy.
Comparison: In 2022, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).