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Pricing

2022
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Exports $4.04BRnk 33 / 221
2022
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Top Product $260MValves
2022
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Exports $6.94BRnk 11 / 138
2022
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Top Product $3.39BRefined Petroleum
2022
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Economic Complexity (ECI) ECI 1.24Rnk 18 / 124
2022
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Economic Complexity (ECI) ECI 0.78Rnk 34 / 124
2022
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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$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
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GDP GROWTH49.4%CURRENT US$
Rnk 62 / 186
2022
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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$30,436CURRENT US$
Rnk 37 / 186
2012-2022
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GDP PC GROWTH26.5%CURRENT US$
Rnk 71 / 186

About

Italy-Saudi Arabia In 2022, Italy exported $4.04B to Saudi Arabia. The main products that Italy exported to Saudi Arabia are Valves ($260M), Other Furniture ($99.9M), and Baked Goods ($95.6M). During the last 27 years the exports of Italy to Saudi Arabia have increased at an annualized rate of 3.33%, from $1.67B in 1995 to $4.04B in 2022.

In 2022, Italy did not export any services to Saudi Arabia.

Saudi Arabia-Italy In 2022, Saudi Arabia exported $6.94B to Italy. The main products that Saudi Arabia exported to Italy were Refined Petroleum ($3.39B), Crude Petroleum ($2.68B), and Propylene Polymers ($176M). During the last 27 years the exports of Saudi Arabia to Italy have increased at an annualized rate of 6%, from $1.44B in 1995 to $6.94B in 2022.

In 2022, Saudi Arabia 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, Saudi Arabia ranked 34 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Latest Trends

December, 2023

About

Overview In December 2023, Italy exported €510M and imported €320M from Saudi Arabia, resulting in a positive trade balance of €190M. Between December 2022 and December 2023 the exports of Italy have increased by €87.1M (20.6%) from €423M to €510M, while imports decreased by €-485M (-60.2%) from €805M to €320M.

Trade In December 2023, the top exports of Italy to Saudi Arabia were Valves (€30.7M), Air Pumps (€10M), Apples and Pears (€9.21M), Iron Pipe Fittings (€8.78M), and Pasta (€8.65M). In December 2023 the top imports of Italy from Saudi Arabia were Refined Petroleum (€252M), Crude Petroleum (€206M), Propylene Polymers (€16.8M), Ethylene Polymers (€8.36M), and Zinc Ore (€7.44M).

Growth In December 2023, the increase in Italy's year-by-year exports to Saudi Arabia was explained primarily by an increase in product exports in Air Pumps (€8.27M or 472%), Valves (€6.71M or 28%), and Iron Pipe Fittings (€6.4M or 268%). In December 2023, the decrease in Italy's year-by-year imports  from Saudi Arabia was explained primarily by an decrease in product imports  in Ethylene Polymers (€-4.14M or -33.1%), Acyclic Alcohols (€-4.09M or -53.3%), and Raw Aluminium (€-3.6M or -36.5%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€87.1M(20.6%)
IMPORT GROWTH (December 2022 - December 2023)€-485M(-60.2%)

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 Saudi Arabia and Italy trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $4.04B to Saudi Arabia. The main products exported from Italy to Saudi Arabia were Valves ($260M), Other Furniture ($99.9M), and Baked Goods ($95.6M). During the last 27 years the exports of Italy to Saudi Arabia have increased at an annualized rate of 3.33%, from $1.67B in 1995 to $4.04B in 2022.

In 2022, Saudi Arabia exported $6.94B to Italy. The main products exported from Saudi Arabia to Italy were Refined Petroleum ($3.39B), Crude Petroleum ($2.68B), and Propylene Polymers ($176M). During the last 27 years the exports of Saudi Arabia to Italy have increased at an annualized rate of 6%, from $1.44B in 1995 to $6.94B in 2022.

Exports from Italy (Flag) to Saudi Arabia (Flag) (2022)

Exports from Saudi Arabia (Flag) to Italy (Flag) (2022)

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Saudi Arabia
Top DestinationChina$68B

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

In 2021, countries that imported more from Italy than Saudi Arabia were Germany ($78.5B), France ($63.8B), and United States ($68.2B).

In 2021, countries that imported more from Saudi Arabia than Italy were China ($68B), India ($46.2B), and South Korea ($36B).

Difference in imports from Saudi Arabia (Flag) and Italy (Flag) (2022)

Comparative Advantage Italy - Saudi Arabia

Flow
Scale

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

During 2022, Italy had a large net trade with Saudi Arabia in the exports of Machines ($1.71B), Chemical Products ($381M), and Metals ($344M).

During 2022, Saudi Arabia had a large net trade with Italy in the exports of Mineral Products ($6.1B), Plastics and Rubbers ($379M), and Chemical Products ($208M).

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 Saudi Arabia. Similarly, the more yellow a dot/product is, the more Saudi Arabia has comparative advantage over Italy.

Product Space of Italy (Flag) and Saudi Arabia (Flag) (2022)

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