2023
Flag  
GDP
$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH
6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP
$2.12BCURRENT US$
Rnk 175 / 195
2013-2023
Flag
GDP GROWTH
-10.5%CURRENT US$
Rnk 181 / 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
$916CURRENT US$
Rnk 180 / 196
2013-2023
Flag
GDP PC GROWTH
-20.4%CURRENT US$
Rnk 179 / 195

About

Italy-Lesotho Trade: In 2023, Italy exported $2.5M to Lesotho. The main products that Italy exported to Lesotho were Knitting Machine Accessories ($526k), Surveying Equipment ($487k), and Fork-Lifts ($450k). Over the past 5 years the exports of Italy to Lesotho have increased at an annualized rate of 3.33%, from $2.12M in 2018 to $2.5M in 2023.

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

Lesotho-Italy Trade: In 2023, Lesotho exported $1.47k to Italy. The main products that Lesotho exported to Italy were Electric Soldering Equipment ($1.16k), Computers ($205), and Imitation Jewellery ($60). Over the past 5 years the exports of Lesotho to Italy have decreased at an annualized rate of 77.6%,  from $2.6M in 2018 to $1.47k in 2023.

In 2023, Lesotho 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, Lesotho ranked 158 in total exports ($1.14B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $2.5M to Lesotho. The main products exported from Italy to Lesotho were Knitting Machine Accessories ($526k), Surveying Equipment ($487k), and Fork-Lifts ($450k). During the last 5 years the exports of Italy to Lesotho have increased at an annualized rate of 3.33%, from $2.12M in 2018 to $2.5M in 2023.

In 2018, Lesotho exported $1.47k to Italy. The main products exported from Lesotho to Italy were Electric Soldering Equipment ($1.16k), Computers ($205), and Imitation Jewellery ($60). During the last 5 years the exports of Lesotho to Italy have decreased at an annualized rate of 77.6%, from $2.6M in 2023 to $1.47k in 2018.

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

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

Market Competitiveness

Color
Italy
Top Destination
Germany$71.4B
Lesotho
Top Destination
South Africa$351M

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

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

In 2023, no countries were registered that imported more from Lesotho than from Italy.

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

Comparative Advantage Italy - Lesotho

Flow
Scale

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

During 2023, Italy had a large net trade with Lesotho in the exports of Machines ($1.42M), Instruments ($595k), and Transportation ($239k).

During 2018, Lesotho had a large net trade with Italy in the exports of Machines ($1.37k), Precious Metals ($60), and Vegetable Products ($44).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Lesotho+$121kVaccines, blood, antisera, toxins and cultures
Top Product Potential Lesotho Italy+$4.46kDiamonds

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

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

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