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Pricing

2022
Flag → Flag
Exports $580MRnk 79 / 221
2022
Flag → Flag
Top Product $27.8MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $160MRnk 15 / 127
2022
Flag → Flag
Top Product $27.1MOther Cast Iron Products
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.072Rnk 60 / 133
2022
Flag  
GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
 GDP$389BCURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP GROWTH-39.7%CURRENT US$
Rnk 183 / 186
2022
Flag
GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC$4,388CURRENT US$
Rnk 116 / 186
2012-2022
Flag
GDP PC GROWTH-47.3%CURRENT US$
Rnk 183 / 186

About

Italy-Iran Trade: In 2022, Italy exported $580M to Iran. The main products that Italy exported to Iran were Vaccines, blood, antisera, toxins and cultures ($27.8M), Washing and Bottling Machines ($20.8M), and Valves ($18.9M). Over the past 5 years the exports of Italy to Iran have decreased at an annualized rate of 22.1%, from $2.02B in 2017 to $580M in 2022.

In 2009, Italy exported services to Iran worth $321M, with Services not allocated ($161M), Other business services ($60.7M), and Travel ($41.9M) being the largest in terms of value.

Iran-Italy Trade: In 2022, Iran exported $160M to Italy. The main products that Iran exported to Italy were Other Cast Iron Products ($27.1M), Ethylene Polymers ($19.4M), and Other Nuts ($16.8M). Over the past 5 years the exports of Iran to Italy have decreased at an annualized rate of 46.5%,  from $3.63B in 2017 to $160M in 2022.

In 2022, Iran 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, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B).

Latest Trends

August, 2024

About

Overview In August 2024, Italy exported €9.75M and imported €6.94M from Iran, resulting in a positive trade balance of €2.81M. Between August 2023 and August 2024 the exports of Italy have decreased by €-6.61M (-40.4%) from €16.4M to €9.75M, while imports increased by €4.38M (170%) from €2.57M to €6.94M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€-6.61M(-40.4%)
IMPORT GROWTH (August 2023 - August 2024)€4.38M(170%)

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 Iran and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Iran and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $580M to Iran. The main products exported from Italy to Iran were Vaccines, blood, antisera, toxins and cultures ($27.8M), Washing and Bottling Machines ($20.8M), and Valves ($18.9M). During the last 5 years the exports of Italy to Iran have decreased at an annualized rate of 22.1%, from $2.02B in 2017 to $580M in 2022.

In 2017, Iran exported $160M to Italy. The main products exported from Iran to Italy were Other Cast Iron Products ($27.1M), Ethylene Polymers ($19.4M), and Other Nuts ($16.8M). During the last 5 years the exports of Iran to Italy have decreased at an annualized rate of 46.5%, from $3.63B in 2022 to $160M in 2017.

Exports from Italy (Flag) to Iran (Flag) (2022)

Exports from Iran (Flag) to Italy (Flag) (2022)

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Iran
Top DestinationChina$5.72B

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

In 2022, countries that imported more from Italy than Iran included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2022, countries that imported more from Iran than Italy included Armenia ($557M), Azerbaijan ($454M), and Pakistan ($762M).

Difference in imports from Iran (Flag) and Italy (Flag) (2022)

Comparative Advantage Italy - Iran

Flow
Scale

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

During 2022, Italy had a large net trade with Iran in the exports of Machines ($298M), Chemical Products ($118M), and Instruments ($38.3M).

During 2017, Iran had a large net trade with Italy in the exports of Metals ($44.8M), Vegetable Products ($33M), and Plastics and Rubbers ($30.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Iran+$20.6MVaccines, blood, antisera, toxins and cultures
Top Product Potential Iran Italy+$25.2MEthylene Polymers

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

Product Space of Italy (Flag) and Iran (Flag) (2022)

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