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Pricing

2022
Flag → Flag
Exports $76.5MRnk 129 / 221
2022
Flag → Flag
Top Product $12.5MTanned Equine and Bovine Hides
2022
Flag → Flag
Exports $588MRnk 11 / 156
2022
Flag → Flag
Top Product $117MTrunks and Cases
2022
Flag
Economic Complexity (ECI) ECI 1.24Rnk 18 / 124
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 103 / 124

About

Italy-Burma In 2022, Italy exported $76.5M to Burma. The main products that Italy exported to Burma are Tanned Equine and Bovine Hides ($12.5M), Animal Food ($10.5M), and Animal Meal and Pellets ($6.72M). During the last 27 years the exports of Italy to Burma have increased at an annualized rate of 8.43%, from $8.61M in 1995 to $76.5M in 2022.

In 2022, Italy did not export any services to Burma.

Burma-Italy In 2022, Burma exported $588M to Italy. The main products that Burma exported to Italy were Trunks and Cases ($117M), Rice ($66.8M), and Non-Knit Women's Coats ($55.9M). During the last 27 years the exports of Burma to Italy have increased at an annualized rate of 18.1%, from $6.54M in 1995 to $588M in 2022.

In 2022, Burma did not export any services to Italy.

Comparison In 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B). That same year, Burma ranked 103 in the Economic Complexity Index (ECI -0.96), and 72 in total exports ($26.9B).

Latest Trends

August, 2023

About

Overview In August 2023, Italy exported €7.16M and imported €18.5M from Burma, resulting in a negative trade balance of €11.3M. Between August 2022 and August 2023 the exports of Italy have increased by €4.25M (146%) from €2.91M to €7.16M, while imports decreased by €-18.2M (-49.6%) from €36.7M to €18.5M.

Trade In August 2023, the top exports of Italy to Burma were N/A. In August 2023 the top imports of Italy from Burma were Textile Footwear (€7.91M), Trunks and Cases (€5.57M), Non-Knit Women's Coats (€5.14M), Non-Knit Men's Coats (€5.06M), and Leather Footwear (€3.91M).

Growth In August 2023, the increase in Italy's year-by-year exports to Burma was explained primarily by an increase in product exports in . In December 2023, the decrease in Italy's year-by-year imports  from Burma was explained primarily by an decrease in product imports  in .

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (August 2022 - August 2023)€4.25M(146%)
IMPORT GROWTH (December 2022 - December 2023)€-18.2M(-49.6%)

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 Burma and Italy trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $76.5M to Burma. The main products exported from Italy to Burma were Tanned Equine and Bovine Hides ($12.5M), Animal Food ($10.5M), and Animal Meal and Pellets ($6.72M). During the last 27 years the exports of Italy to Burma have increased at an annualized rate of 8.43%, from $8.61M in 1995 to $76.5M in 2022.

In 2022, Burma exported $588M to Italy. The main products exported from Burma to Italy were Trunks and Cases ($117M), Rice ($66.8M), and Non-Knit Women's Coats ($55.9M). During the last 27 years the exports of Burma to Italy have increased at an annualized rate of 18.1%, from $6.54M in 1995 to $588M in 2022.

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

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

Comparative Advantage Italy - Burma

Flow
Scale

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

During 2022, Italy had a large net trade with Burma in the exports of Machines ($20.8M), Foodstuffs ($17.8M), and Animal Hides ($14.8M).

During 2022, Burma had a large net trade with Italy in the exports of Textiles ($228M), Footwear and Headwear ($132M), and Animal Hides ($118M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Italy has comparative advantage over Burma. Similarly, the more yellow a dot/product is, the more Burma has comparative advantage over Italy.

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

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