2022
Flag  
GDP
$2.01TCURRENT US$
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2012-2022
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GDP GROWTH
-3.67%CURRENT US$
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2022
Flag
 GDP
$3.97BCURRENT US$
Rnk 156 / 186
2012-2022
Flag
GDP GROWTH
4.78%CURRENT US$
Rnk 156 / 186
2022
Flag
GDP PC 
$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH
-2.55%CURRENT US$
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2022
Flag
GDP PC
$461CURRENT US$
Rnk 184 / 186
2012-2022
Flag
GDP PC GROWTH
-17.3%CURRENT US$
Rnk 168 / 186

About

Italy-Sierra Leone Trade: In 2022, Italy exported $17.5M to Sierra Leone. The main products that Italy exported to Sierra Leone were Vaccines, blood, antisera, toxins and cultures ($7.2M), Electric Generating Sets ($1.85M), and Other Plastic Products ($1.64M). Over the past 5 years the exports of Italy to Sierra Leone have increased at an annualized rate of 7.99%, from $11.9M in 2017 to $17.5M in 2022.

In 2022, Italy did not export any services to Sierra Leone.

Sierra Leone-Italy Trade: In 2022, Sierra Leone exported $1.42M to Italy. The main products that Sierra Leone exported to Italy were Oscilloscopes ($820k), Coffee ($425k), and Stearic Acid ($133k). Over the past 5 years the exports of Sierra Leone to Italy have increased at an annualized rate of 29.2%,  from $394k in 2017 to $1.42M in 2022.

In 2022, Sierra Leone 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, Sierra Leone ranked 159 in total exports ($1.15B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $17.5M to Sierra Leone. The main products exported from Italy to Sierra Leone were Vaccines, blood, antisera, toxins and cultures ($7.2M), Electric Generating Sets ($1.85M), and Other Plastic Products ($1.64M). During the last 5 years the exports of Italy to Sierra Leone have increased at an annualized rate of 7.99%, from $11.9M in 2017 to $17.5M in 2022.

In 2017, Sierra Leone exported $1.42M to Italy. The main products exported from Sierra Leone to Italy were Oscilloscopes ($820k), Coffee ($425k), and Stearic Acid ($133k). During the last 5 years the exports of Sierra Leone to Italy have increased at an annualized rate of 29.2%, from $394k in 2022 to $1.42M in 2017.

Exports from Italy (Flag) to Sierra Leone (Flag) (2022)

Exports from Sierra Leone (Flag) to Italy (Flag) (2022)

Market Competitiveness

Color
Italy
Top Destination
Germany$78.5B
Sierra Leone
Top Destination
China$622M

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 2022, countries that imported more from Italy than Sierra Leone included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2022, no countries were registered that imported more from Sierra Leone than from Italy.

Difference in imports from Sierra Leone (Flag) and Italy (Flag) (2022)

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 2022, Italy had a large net trade with Sierra Leone in the exports of Chemical Products ($7.62M), Machines ($4.17M), and Plastics and Rubbers ($1.87M).

During 2017, Sierra Leone had a large net trade with Italy in the exports of Instruments ($820k), Vegetable Products ($440k), and Animal and Vegetable Bi-Products ($133k).

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) (2022)

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