2022
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GDP
$1.11TCURRENT US$
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2012-2022
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GDP GROWTH
49.4%CURRENT US$
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2022
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 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
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GDP PC 
$30,436CURRENT US$
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2012-2022
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GDP PC GROWTH
26.5%CURRENT US$
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2022
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GDP PC
$34,158CURRENT US$
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GDP PC GROWTH
-2.55%CURRENT US$
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About

Saudi Arabia-Italy In 2022, Saudi Arabia exported $6.94B to Italy. The main products that Saudi Arabia exported to Italy are Refined Petroleum ($3.39B), Crude Petroleum ($2.68B), and Propylene Polymers ($176M). During the last 27 years the exports of Saudi Arabia to Italy have increased at an annualized rate of 6%, from $1.44B in 1995 to $6.94B in 2022.

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

Italy-Saudi Arabia 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). During the last 27 years the exports of Italy to Saudi Arabia have increased at an annualized rate of 3.33%, from $1.67B in 1995 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
Value

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 27 years the exports of Saudi Arabia to Italy have increased at an annualized rate of 6%, from $1.44B in 1995 to $6.94B in 2022.

In 2022, 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 27 years the exports of Italy to Saudi Arabia have increased at an annualized rate of 3.33%, from $1.67B in 1995 to $4.04B in 2022.

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

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

Latest Data

Trade between Saudi Arabia (Flag) and Italy (Flag)

Saudi Arabia Exports

Italy Exports

Market Competitiveness

Color
Saudi Arabia
Top Destination
China$68B
Italy
Top Destination
Germany$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 2021, countries that imported more from Saudi Arabia than Italy were China ($68B), India ($46.2B), and South Korea ($36B).

In 2021, countries that imported more from Italy than Saudi Arabia were Germany ($78.5B), France ($63.8B), and United States ($68.2B).

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

Comparative Advantage Saudi Arabia - Italy

Flow
Scale

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 2022, Italy had a large net trade with Saudi Arabia in the exports of Machines ($1.71B), Chemical Products ($381M), and Metals ($344M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Saudi Arabia has comparative advantage over Italy. Similarly, the more yellow a dot/product is, the more Italy has comparative advantage over Saudi Arabia.

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

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