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Pricing

2023
Flag → Flag
Exports $7.05BRnk 19 / 219
2023
Flag → Flag
Top Product $623MMotor vehicles; parts and accessories (8701 to 8705)
2023
Flag → Flag
Exports $1.2BRnk 29 / 158
2023
Flag → Flag
Top Product $151MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.09Rnk 25 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$1.79TCURRENT US$
Rnk 12 / 195
2013-2023
Flag
GDP GROWTH34.8%CURRENT US$
Rnk 103 / 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$13,790CURRENT US$
Rnk 75 / 196
2013-2023
Flag
GDP PC GROWTH22.9%CURRENT US$
Rnk 94 / 195

About

Italy-Mexico Trade: In 2023, Italy exported $7.05B to Mexico. The main products that Italy exported to Mexico were Motor vehicles; parts and accessories (8701 to 8705) ($623M), Washing and Bottling Machines ($260M), and Jewellery ($228M). Over the past 5 years the exports of Italy to Mexico have increased at an annualized rate of 3.5%, from $5.93B in 2018 to $7.05B in 2023.

In 2020, Italy exported services to Mexico worth $246M, with Other business services ($119M), Royalties and license fees ($44.4M), and Travel ($31.9M) being the largest in terms of value.

Mexico-Italy Trade: In 2023, Mexico exported $1.2B to Italy. The main products that Mexico exported to Italy were Crude Petroleum ($151M), Engine Parts ($96.3M), and Feldspar ($63.2M). Over the past 5 years the exports of Mexico to Italy have increased at an annualized rate of 0.86%,  from $1.15B in 2018 to $1.2B in 2023.

In 2023, Mexico 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, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B).

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €545M and imported €103M from Mexico, resulting in a positive trade balance of €442M. Between October 2023 and October 2024 the exports of Italy have increased by €11.1M (2.08%) from €534M to €545M, while imports increased by €37.6M (57.2%) from €65.7M to €103M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€11.1M(2.08%)
IMPORT GROWTH (October 2023 - October 2024)€37.6M(57.2%)

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 Mexico and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Mexico and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $7.05B to Mexico. The main products exported from Italy to Mexico were Motor vehicles; parts and accessories (8701 to 8705) ($623M), Washing and Bottling Machines ($260M), and Jewellery ($228M). During the last 5 years the exports of Italy to Mexico have increased at an annualized rate of 3.5%, from $5.93B in 2018 to $7.05B in 2023.

In 2018, Mexico exported $1.2B to Italy. The main products exported from Mexico to Italy were Crude Petroleum ($151M), Engine Parts ($96.3M), and Feldspar ($63.2M). During the last 5 years the exports of Mexico to Italy have increased at an annualized rate of 0.86%, from $1.15B in 2023 to $1.2B in 2018.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Mexico
Top DestinationUnited States$456B

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

In 2023, countries that imported more from Italy than Mexico included Germany ($71.4B), France ($61.1B), and Switzerland ($29.3B).

In 2023, countries that imported more from Mexico than Italy included United States ($456B), Canada ($33B), and Guatemala ($3.2B).

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

Comparative Advantage Italy - Mexico

Flow
Scale

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

During 2023, Italy had a large net trade with Mexico in the exports of Machines ($3.06B), Transportation ($776M), and Chemical Products ($589M).

During 2018, Mexico had a large net trade with Italy in the exports of Machines ($409M), Mineral Products ($220M), and Metals ($143M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Mexico+$247MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Mexico Italy+$100MMotor vehicles; parts and accessories (8701 to 8705)

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

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

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