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Pricing

2022
Flag → Flag
Exports $5.94BRnk 25 / 221
2022
Flag → Flag
Top Product $504MMotor vehicles; parts and accessories (8701 to 8705)
2022
Flag → Flag
Exports $1.19BRnk 24 / 156
2022
Flag → Flag
Top Product $146MGold
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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Economic Complexity (ECI) ECI 1.08Rnk 25 / 133
2022
Flag  
GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$1.41TCURRENT US$
Rnk 14 / 186
2012-2022
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GDP GROWTH17.7%CURRENT US$
Rnk 127 / 186
2022
Flag
GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC$11,091CURRENT US$
Rnk 74 / 186
2012-2022
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GDP PC GROWTH6.89%CURRENT US$
Rnk 126 / 186

About

Italy-Mexico Trade: In 2022, Italy exported $5.94B to Mexico. The main products that Italy exported to Mexico were Motor vehicles; parts and accessories (8701 to 8705) ($504M), Washing and Bottling Machines ($222M), and Packaged Medicaments ($217M). Over the past 5 years the exports of Italy to Mexico have increased at an annualized rate of 3.49%, from $5B in 2017 to $5.94B in 2022.

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 2022, Mexico exported $1.19B to Italy. The main products that Mexico exported to Italy were Gold ($146M), Engine Parts ($94.5M), and Polycarboxylic Acids ($67.5M). Over the past 5 years the exports of Mexico to Italy have increased at an annualized rate of 3.44%,  from $1B in 2017 to $1.19B in 2022.

In 2022, Mexico 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, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B).

Latest Trends

August, 2024

About

Overview In August 2024, Italy exported €405M and imported €100M from Mexico, resulting in a positive trade balance of €305M. Between August 2023 and August 2024 the exports of Italy have increased by €24.8M (6.52%) from €380M to €405M, while imports increased by €7.15M (7.7%) from €92.9M to €100M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€24.8M(6.52%)
IMPORT GROWTH (August 2023 - August 2024)€7.15M(7.7%)

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 2022, Italy exported $5.94B to Mexico. The main products exported from Italy to Mexico were Motor vehicles; parts and accessories (8701 to 8705) ($504M), Washing and Bottling Machines ($222M), and Packaged Medicaments ($217M). During the last 5 years the exports of Italy to Mexico have increased at an annualized rate of 3.49%, from $5B in 2017 to $5.94B in 2022.

In 2017, Mexico exported $1.19B to Italy. The main products exported from Mexico to Italy were Gold ($146M), Engine Parts ($94.5M), and Polycarboxylic Acids ($67.5M). During the last 5 years the exports of Mexico to Italy have increased at an annualized rate of 3.44%, from $1B in 2022 to $1.19B in 2017.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Mexico
Top DestinationUnited States$421B

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 2022, countries that imported more from Italy than Mexico included Germany ($78.5B), France ($63.8B), and Spain ($32.8B).

In 2022, countries that imported more from Mexico than Italy included United States ($421B), Canada ($22.2B), and Chinese Taipei ($7.86B).

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

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 2022, Italy had a large net trade with Mexico in the exports of Machines ($2.45B), Transportation ($613M), and Metals ($587M).

During 2017, Mexico had a large net trade with Italy in the exports of Machines ($363M), Precious Metals ($151M), and Metals ($118M).

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) (2022)

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