2022
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GDP
$4.23TCURRENT US$
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2012-2022
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GDP GROWTH
-32.5%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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GDP PC 
$33,815CURRENT US$
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GDP PC GROWTH
-31.2%CURRENT US$
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2022
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GDP PC
$34,158CURRENT US$
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2012-2022
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-2.55%CURRENT US$
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About

Japan-Italy Trade: In 2022, Japan exported $5.35B to Italy. The main products that Japan exported to Italy were Cars ($560M), Hot-Rolled Iron ($448M), and Motorcycles and cycles ($291M). Over the past 5 years the exports of Japan to Italy have increased at an annualized rate of 2.73%, from $4.68B in 2017 to $5.35B in 2022.

In 2009, Japan exported services to Italy worth $1.61B, with Services not allocated ($801M), Transportation ($301M), and Other business services ($250M) being the largest in terms of value.

Italy-Japan Trade: In 2022, Italy exported $8.72B to Japan. The main products that Italy exported to Japan were Processed Tobacco ($796M), Cars ($757M), and Trunks and Cases ($755M). Over the past 5 years the exports of Italy to Japan have increased at an annualized rate of 3.25%,  from $7.43B in 2017 to $8.72B in 2022.

In 2020, Italy exported services to Japan worth $666M, with Travel ($280M), Other business services ($185M), and Transportation ($74.5M) being the largest in terms of value.

Comparison: In 2022,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B). 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, Japan exported $5.35B to Italy. The main products exported from Japan to Italy were Cars ($560M), Hot-Rolled Iron ($448M), and Motorcycles and cycles ($291M). During the last 5 years the exports of Japan to Italy have increased at an annualized rate of 2.73%, from $4.68B in 2017 to $5.35B in 2022.

In 2017, Italy exported $8.72B to Japan. The main products exported from Italy to Japan were Processed Tobacco ($796M), Cars ($757M), and Trunks and Cases ($755M). During the last 5 years the exports of Italy to Japan have increased at an annualized rate of 3.25%, from $7.43B in 2022 to $8.72B in 2017.

Exports from Japan (Flag) to Italy (Flag) (2022)

Exports from Italy (Flag) to Japan (Flag) (2022)

Market Competitiveness

Color
Japan
Top Destination
United States$137B
Italy
Top Destination
Germany$78.5B

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

In 2022, countries that imported more from Japan than Italy included China ($135B), United States ($137B), and Chinese Taipei ($50.1B).

In 2022, countries that imported more from Italy than Japan included Germany ($78.5B), France ($63.8B), and Spain ($32.8B).

Difference in imports from Italy (Flag) and Japan (Flag) (2022)

Comparative Advantage Japan - Italy

Flow
Scale

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

During 2022, Japan had a large net trade with Italy in the exports of Machines ($1.66B), Transportation ($1.32B), and Metals ($693M).

During 2017, Italy had a large net trade with Japan in the exports of Chemical Products ($1.52B), Foodstuffs ($1.44B), and Transportation ($1.13B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Italy+$493MCars
Top Product Potential Italy Japan+$268MPackaged Medicaments

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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Bilateral Service Trade

In 2009, Japan exported services to Italy worth $1.61B, with Services not allocated ($801M), Transportation ($301M), and Other business services ($250M) being the largest in terms of value.

In 2020, Italy exported services to Japan worth $666M, with Travel ($280M), Other business services ($185M), and Transportation ($74.5M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Japan (Flag) to Italy (Flag) (2009)

Services Exports from Italy (Flag) to Japan (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Japan (Flag) and Italy (Flag) (2022)

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