Equatorial Guinea-Italy Bilateral Trade Analysis 2023
Complete trade statistics: $395.70M total volume •Equatorial Guinea surplus: $346.98M
Equatorial Guinea → Italy
$371.34M
Exports (2023)
Italy → Equatorial Guinea
$24.36M
Imports (2023)
Trade Balance
$346.98M
Surplus for Equatorial Guinea
Total Trade
$395.70M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Equatorial Guinea and Italy. Green line shows exports from Equatorial Guinea, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Equatorial Guinea-Italy commercial relationship and competitive positioning in global markets.
Equatorial Guinea → Italy Exports
Export Market Intelligence
🎯 Strategic Export Focus
Equatorial Guinea's export portfolio to Italy demonstrates strategic specialization, with oils: petroleum oils and oils obtained from bituminous minerals, crude representing a key competitive advantage in this bilateral market.
Italy → Equatorial Guinea Imports
Import Dependency Profile
📦 Import Strategy Analysis
Equatorial Guinea's import pattern from Italy reveals significant dependencyin turbines: parts of gas turbines (excluding turbo-jets and turbo-propellers), highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Equatorial Guinea demonstrates competitive strength in exportingoils: petroleum oils and oils obtained from bituminous minerals, crude to Italy, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $395.70M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Equatorial Guinea-Italy Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $395.70 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Equatorial Guinea maintains a surplus of $346.98 million
- Export Focus: Equatorial Guinea's primary exports include oils: petroleum oils and oils obtained from bituminous minerals, crude, petroleum gases and other gaseous hydrocarbons: liquefied, natural gas, wood, of tropical wood: as in subheading note 2 to this chapter, n.e.c. in heading no. 4408.31, sheets for veneer or plywood, other wood sawn length wise, sliced or peeled, whether or not planed, sanded or end-jointed, not thicker than 6mm
- Import Dependencies: Key imports from Italy include turbines: parts of gas turbines (excluding turbo-jets and turbo-propellers), lamps and light fittings: electric, n.e.c. in heading no. 9405, heat exchange units: not used for domestic purposes
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $395.70M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Equatorial Guinea leveraging its comparative advantages in oils: petroleum oils and oils obtained from bituminous minerals, crude.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Equatorial Guinea's specialization in oils: petroleum oils and oils obtained from bituminous minerals, crudecomplements Italy's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in turbines: parts of gas turbines (excluding turbo-jets and turbo-propellers).
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $395.70M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $395.70M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $395.70 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in oils: petroleum oils and oils obtained from bituminous minerals, crude and turbines: parts of gas turbines (excluding turbo-jets and turbo-propellers) demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Equatorial Guinea's trade surplus of $346.98 million strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Equatorial Guinea and Italy represents a total trade volume of $395.70 million in 2023. This partnership demonstrates a favorable trade balance for Equatorial Guinea, with exports exceeding importsby $346.98 million.
Export Strengths
Equatorial Guinea's exports to Italy total $371.34 million, with competitive advantages in oils: petroleum oils and oils obtained from bituminous minerals, crude, representing $282.16M or76.0% of bilateral exports.
Import Dependencies
Imports from Italy amount to $24.36 million, highlighting economic interdependence in turbines: parts of gas turbines (excluding turbo-jets and turbo-propellers), with Turbines: parts of gas turbines (excluding turbo-jets and turbo-propellers) comprising22.3% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Equatorial Guinea's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Equatorial Guinea and Italy in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023