Saudi Arabia (SAU) and Italy (ITA) Trade | The Observatory of Economic Complexity

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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.

Italy-Saudi Arabia Trade: In 2023, Italy exported $5.34B to Saudi Arabia. The main products that Italy exported to Saudi Arabia were Valves ($400M), Packaged Medicaments ($308M), and Iron Pipe Fittings ($130M). 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.

Comparison: In 2023, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B). That same year, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, 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 2018 to $6.49B in 2023.

In 2018, Italy exported $5.34B to Saudi Arabia. The main products exported from Italy to Saudi Arabia were Valves ($400M), Packaged Medicaments ($308M), and Iron Pipe Fittings ($130M). 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 2023 to $5.34B in 2018.

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

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

Latest Data

Trade between Saudi Arabia () and Italy ()

Saudi Arabia Exports

Date

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Saudi Arabia
Top DestinationChina$64.4B

Italy
Top DestinationGermany$71.4B

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

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

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

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

Comparative Advantage Saudi Arabia - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Saudi Arabia had a large net trade with Italy in the exports of Mineral Products ($5.72B), Plastics and Rubbers ($293M), and Metals ($193M).

During 2018, Italy had a large net trade with Saudi Arabia in the exports of Machines ($2.2B), Chemical Products ($796M), and Metals ($427M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Saudi Arabia Italy+$1.3BCrude Petroleum

Top Product Potential Italy Saudi Arabia+$107MCars

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

Year

This visualization shows the product space at the HS4 level with the flags of Saudi Arabia and Italy. This means that a dot/product with the flag of Saudi Arabia indicates it has a comparative advantage over Italy. Similarly, a dot/product with the flag of Italy indicates it has a comparative advantage over Saudi Arabia.

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Saudi Arabia () and Italy ()

Saudi Arabia Exports

Italy Exports

Market Competitiveness

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

Comparative Advantage Saudi Arabia - Italy

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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