2022
Flag  
GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH
-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
 GDP
$2.27BCURRENT US$
Rnk 166 / 186
2012-2022
Flag
GDP GROWTH
60.6%CURRENT US$
Rnk 39 / 186
2022
Flag
GDP PC 
$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH
-2.55%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC
$840CURRENT US$
Rnk 172 / 186
2012-2022
Flag
GDP PC GROWTH
22.4%CURRENT US$
Rnk 78 / 186

About

Italy-Gambia Trade: In 2022, Italy exported $5.21M to Gambia. The main products that Italy exported to Gambia were Metal-Rolling Mills ($808k), Washing and Bottling Machines ($516k), and Dental Products ($433k). Over the past 5 years the exports of Italy to Gambia have decreased at an annualized rate of 5.48%, from $6.91M in 2017 to $5.21M in 2022.

In 2022, Italy did not export any services to Gambia.

Gambia-Italy Trade: In 2022, Gambia exported $11.6M to Italy. The main products that Gambia exported to Italy were Molluscs ($5.31M), Processed Crustaceans ($4.1M), and Ground Nut Oil ($1.22M). Over the past 5 years the exports of Gambia to Italy have increased at an annualized rate of 46.6%,  from $1.71M in 2017 to $11.6M in 2022.

In 2022, Gambia 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, Gambia ranked 193 in total exports ($170M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $5.21M to Gambia. The main products exported from Italy to Gambia were Metal-Rolling Mills ($808k), Washing and Bottling Machines ($516k), and Dental Products ($433k). During the last 5 years the exports of Italy to Gambia have decreased at an annualized rate of 5.48%, from $6.91M in 2017 to $5.21M in 2022.

In 2017, Gambia exported $11.6M to Italy. The main products exported from Gambia to Italy were Molluscs ($5.31M), Processed Crustaceans ($4.1M), and Ground Nut Oil ($1.22M). During the last 5 years the exports of Gambia to Italy have increased at an annualized rate of 46.6%, from $1.71M in 2022 to $11.6M in 2017.

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

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

Market Competitiveness

Color
Italy
Top Destination
Germany$78.5B
Gambia
Top Destination
India$52.9M

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

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

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

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

Comparative Advantage Italy - Gambia

Flow
Scale

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

During 2022, Italy had a large net trade with Gambia in the exports of Machines ($2.05M), Chemical Products ($1.05M), and Transportation ($424k).

During 2017, Gambia had a large net trade with Italy in the exports of Animal Products ($6.29M), Foodstuffs ($4.1M), and Animal and Vegetable Bi-Products ($1.22M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Gambia+$485kCars
Top Product Potential Gambia Italy+$1.52MMolluscs

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 Gambia. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over Gambia. Similarly, a dot/product with the flag of Gambia indicates it has a comparative advantage over Italy.

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

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