2023
Flag  
GDP
$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH
6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP
$6.41BCURRENT US$
Rnk 158 / 195
2013-2023
Flag
GDP GROWTH
-16.7%CURRENT US$
Rnk 188 / 195
2023
Flag
GDP PC 
$39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH
9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC
$758CURRENT US$
Rnk 185 / 196
2013-2023
Flag
GDP PC GROWTH
-33.9%CURRENT US$
Rnk 189 / 195

About

Italy-Sierra Leone Trade: In 2023, Italy exported $18.3M to Sierra Leone. The main products that Italy exported to Sierra Leone were Washing and Bottling Machines ($6.68M), Rubberworking Machinery ($2.3M), and Tractors ($951k). Over the past 5 years the exports of Italy to Sierra Leone have increased at an annualized rate of 14.6%, from $9.29M in 2018 to $18.3M in 2023.

In 2023, Italy did not export any services to Sierra Leone.

Sierra Leone-Italy Trade: In 2023, Sierra Leone exported $608k to Italy. The main products that Sierra Leone exported to Italy were Coffee ($308k), Cocoa Beans ($99.7k), and Diamonds ($66.8k). Over the past 5 years the exports of Sierra Leone to Italy have decreased at an annualized rate of 1.31%,  from $649k in 2018 to $608k in 2023.

In 2023, Sierra Leone 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, Sierra Leone ranked 152 in total exports ($1.52B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $18.3M to Sierra Leone. The main products exported from Italy to Sierra Leone were Washing and Bottling Machines ($6.68M), Rubberworking Machinery ($2.3M), and Tractors ($951k). During the last 5 years the exports of Italy to Sierra Leone have increased at an annualized rate of 14.6%, from $9.29M in 2018 to $18.3M in 2023.

In 2018, Sierra Leone exported $608k to Italy. The main products exported from Sierra Leone to Italy were Coffee ($308k), Cocoa Beans ($99.7k), and Diamonds ($66.8k). During the last 5 years the exports of Sierra Leone to Italy have decreased at an annualized rate of 1.31%, from $649k in 2023 to $608k in 2018.

Exports from Italy (Flag) to Sierra Leone (Flag) (2023)

Exports from Sierra Leone (Flag) to Italy (Flag) (2023)

Market Competitiveness

Color
Italy
Top Destination
Germany$71.4B
Sierra Leone
Top Destination
China$1.03B

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

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

In 2023, no countries were registered that imported more from Sierra Leone than from Italy.

Difference in imports from Sierra Leone (Flag) and Italy (Flag) (2023)

Comparative Advantage Italy - Sierra Leone

Flow
Scale

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

During 2023, Italy had a large net trade with Sierra Leone in the exports of Machines ($12.9M), Transportation ($1.15M), and Chemical Products ($1.01M).

During 2018, Sierra Leone had a large net trade with Italy in the exports of Vegetable Products ($317k), Precious Metals ($131k), and Foodstuffs ($99.7k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Sierra Leone+$1.72MVaccines, blood, antisera, toxins and cultures
Top Product Potential Sierra Leone Italy+$485kCoffee

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

Product Space of Italy (Flag) and Sierra Leone (Flag) (2023)

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