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Pricing

2023
Flag → Flag
Exports $648MRnk 78 / 219
2023
Flag → Flag
Top Product $35MVaccines, blood, antisera, toxins and cultures
2023
Flag → Flag
Exports $162MRnk 14 / 130
2023
Flag → Flag
Top Product $25.8MOther Cast Iron Products
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.084Rnk 58 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$405BCURRENT US$
Rnk 36 / 195
2013-2023
Flag
GDP GROWTH-19.1%CURRENT US$
Rnk 189 / 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$4,466CURRENT US$
Rnk 125 / 196
2013-2023
Flag
GDP PC GROWTH-28.2%CURRENT US$
Rnk 186 / 195

About

Italy-Iran Trade: In 2023, Italy exported $648M to Iran. The main products that Italy exported to Iran were Vaccines, blood, antisera, toxins and cultures ($35M), Valves ($22M), and Washing and Bottling Machines ($22M). Over the past 5 years the exports of Italy to Iran have decreased at an annualized rate of 19.6%, from $1.93B in 2018 to $648M in 2023.

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 2023, Iran exported $162M to Italy. The main products that Iran exported to Italy were Other Cast Iron Products ($25.8M), Semi-Finished Iron ($21.9M), and Processed Tomatoes ($15.5M). Over the past 5 years the exports of Iran to Italy have decreased at an annualized rate of 46%,  from $3.53B in 2018 to $162M in 2023.

In 2023, Iran 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, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B).

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €24.6M and imported €9.37M from Iran, resulting in a positive trade balance of €15.2M. Between October 2023 and October 2024 the exports of Italy have decreased by €-10.4M (-29.8%) from €35M to €24.6M, while imports increased by €3.24M (52.9%) from €6.12M to €9.37M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-10.4M(-29.8%)
IMPORT GROWTH (October 2023 - October 2024)€3.24M(52.9%)

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $648M to Iran. The main products exported from Italy to Iran were Vaccines, blood, antisera, toxins and cultures ($35M), Valves ($22M), and Washing and Bottling Machines ($22M). During the last 5 years the exports of Italy to Iran have decreased at an annualized rate of 19.6%, from $1.93B in 2018 to $648M in 2023.

In 2018, Iran exported $162M to Italy. The main products exported from Iran to Italy were Other Cast Iron Products ($25.8M), Semi-Finished Iron ($21.9M), and Processed Tomatoes ($15.5M). During the last 5 years the exports of Iran to Italy have decreased at an annualized rate of 46%, from $3.53B in 2023 to $162M in 2018.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Iran
Top DestinationChina$4.59B

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

In 2023, countries that imported more from Iran than Italy included Pakistan ($943M), Armenia ($597M), and Azerbaijan ($473M).

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

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 2023, Italy had a large net trade with Iran in the exports of Machines ($357M), Chemical Products ($121M), and Instruments ($44.9M).

During 2018, Iran had a large net trade with Italy in the exports of Metals ($63.2M), Vegetable Products ($32.7M), and Foodstuffs ($16.6M).

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) (2023)

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