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2023
Flag → Flag
Exports $5.34BRnk 30 / 219
2023
Flag → Flag
Exports $6.49BRnk 10 / 182
2023
Flag → Flag
Top Product $2.88BRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 36 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$1.07TCURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP GROWTH41.6%CURRENT US$
Rnk 90 / 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$32,094CURRENT US$
Rnk 44 / 196
2013-2023
Flag
GDP PC GROWTH17.6%CURRENT US$
Rnk 109 / 195

About

Italy-Saudi Arabia Trade: In 2023, Italy exported $5.34B to Saudi Arabia. The main products that Italy exported to Saudi Arabia were N/A. Over the past 5 years the exports of Italy to Saudi Arabia have increased at an annualized rate of 6.72%, from $3.86B in 2018 to $5.34B in 2023.

In 2023, Italy did not export any services to Saudi Arabia.

Saudi Arabia-Italy Trade: In 2023, Saudi Arabia exported $6.49B to Italy. The main products that Saudi Arabia exported to Italy were Refined Petroleum ($2.88B), Crude Petroleum ($2.82B), and Propylene Polymers ($153M). Over the past 5 years the exports of Saudi Arabia to Italy have increased at an annualized rate of 0.83%,  from $6.22B in 2018 to $6.49B in 2023.

In 2023, Saudi Arabia 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, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €587M and imported €361M from Saudi Arabia, resulting in a positive trade balance of €225M. Between October 2023 and October 2024 the exports of Italy have increased by €92.6M (18.7%) from €494M to €587M, while imports decreased by €-19.1M (-5.02%) from €381M to €361M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€92.6M(18.7%)
IMPORT GROWTH (October 2023 - October 2024)€-19.1M(-5.02%)

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.

For full datasets download visit Bulk Download page.

Explore Saudi Arabia and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $5.34B to Saudi Arabia. There were not main exports from Italy to Saudi Arabia in 2023. During the last 5 years the exports of Italy to Saudi Arabia have increased at an annualized rate of 6.72%, from $3.86B in 2018 to $5.34B in 2023.

In 2018, Saudi Arabia exported $6.49B to Italy. The main products exported from Saudi Arabia to Italy were Refined Petroleum ($2.88B), Crude Petroleum ($2.82B), and Propylene Polymers ($153M). During the last 5 years the exports of Saudi Arabia to Italy have increased at an annualized rate of 0.83%, from $6.22B in 2023 to $6.49B in 2018.

Exports from Italy (Flag) to Saudi Arabia (Flag) (2023)

Exports from Saudi Arabia (Flag) to Italy (Flag) (2023)

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Saudi Arabia
Top DestinationChina$64.4B

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

In 2023, countries that imported more from Saudi Arabia than Italy included China ($64.4B), India ($34.8B), and Japan ($34.7B).

Difference in imports from Saudi Arabia (Flag) and Italy (Flag) (2023)

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 2023, Italy had a large net trade with Saudi Arabia in the exports of Machines ($2.2B), Chemical Products ($796M), and Metals ($427M).

During 2018, Saudi Arabia had a large net trade with Italy in the exports of N/A.

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Saudi Arabia+$107MCars
Top Product Potential Saudi Arabia Italy+$1.3BCrude Petroleum

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

Product Space of Italy (Flag) and Saudi Arabia (Flag) (2023)

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