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

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Saudi Arabia-Italy Trade: 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). Over the past 5 years the exports of Saudi Arabia to Italy have increased at an annualized rate of 13.3%, from $3.71B in 2017 to $6.94B in 2022.

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

Italy-Saudi Arabia Trade: In 2022, Italy exported $4.04B to Saudi Arabia. The main products that Italy exported to Saudi Arabia were Valves ($260M), Other Furniture ($99.9M), and Baked Goods ($95.6M). Over the past 5 years the exports of Italy to Saudi Arabia have decreased at an annualized rate of 1.91%, from $4.54B in 2017 to $4.04B in 2022.

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

Comparison: In 2022, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B). That same year, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 5 years the exports of Saudi Arabia to Italy have increased at an annualized rate of 13.3%, from $3.71B in 2017 to $6.94B in 2022.

In 2017, 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 5 years the exports of Italy to Saudi Arabia have decreased at an annualized rate of 1.91%, from $4.54B in 2022 to $4.04B in 2017.

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

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

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$68B

Italy
Top DestinationGermany$78.5B

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 2022, countries that imported more from Saudi Arabia than Italy included China ($68B), India ($46.2B), and South Korea ($36B).

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

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

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 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).

During 2017, Italy had a large net trade with Saudi Arabia in the exports of Machines ($1.71B), Chemical Products ($381M), and Metals ($344M).

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 () (2022)

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

Latest Data

Trade between Saudi Arabia () and Italy ()

Saudi Arabia Exports

Italy Exports

Market Competitiveness

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

Comparative Advantage Saudi Arabia - Italy

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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