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Russian Federation-Italy Bilateral Trade Analysis 2023

Complete trade statistics: $9.42B total volume •Russian Federation deficit: $655.74M

Russian Federation → Italy

$4.38B

Exports (2023)

Italy → Russian Federation

$5.04B

Imports (2023)

Trade Balance

$655.74M

Deficit for Russian Federation

Total Trade

$9.42B

Combined Volume

Trade Flow Visualization

Direct trade relationship between Russian Federation and Italy. Green line shows exports from Russian Federation, red line shows imports.

Detailed Product Trade Analysis

Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Russian Federation-Italy commercial relationship and competitive positioning in global markets.

Russian Federation → Italy Exports

$4.38B

2023 Total

Export Market Intelligence

Product Diversity:

Highly Diversified

Market Share:

34.8% top product

1Petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas

$1.52B

34.8% of exports

2Iron: non-alloy pig iron containing by weight 0.5% or less of phosphorus, in pigs, blocks or other primary forms

$506.41M

11.6% of exports

3Iron or non-alloy steel: semi-finished products of iron or non-alloy steel: containing by weight less than 0.25% of carbon, of rectangular (other than square) cross-section

$433.59M

9.9% of exports

4Metals: palladium, unwrought or in powder form

$355.67M

8.1% of exports

5Ferrous products: obtained by direct reduction of iron ore, in lumps, pellets or similar forms

$273.18M

6.2% of exports

6Copper: refined, unwrought, cathodes and sections of cathodes

$247.12M

5.6% of exports

7Cereals: wheat and meslin, durum wheat, other than seed

$182.61M

4.2% of exports

8Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils

$164.74M

3.8% of exports

9Aluminium: unwrought, (not alloyed)

$112.09M

2.6% of exports

10Metals: rhodium, unwrought or in powder form

$74.45M

1.7% of exports

🎯 Strategic Export Focus

Russian Federation's export portfolio to Italy demonstrates strong diversification across multiple sectors, with petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas representing a key competitive advantage in this bilateral market.

Italy → Russian Federation Imports

$5.04B

2023 Total

Import Dependency Profile

Supply Diversity:

Well Diversified

Critical Imports:

2.8% concentration

1Footwear: n.e.c. in heading no. 6403, (not covering the ankle), outer soles of rubber, plastics or composition leather, uppers of leather

$139.07M

2.8% of imports

2Taps, cocks, valves and similar appliances: for pipes, boiler shells, tanks, vats or the like, including thermostatically controlled valves

$128.89M

2.6% of imports

3Medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale

$111.73M

2.2% of imports

4Boilers: central heating boilers (excluding those of heading no. 8402)

$110.06M

2.2% of imports

5Wine: sparkling

$89.81M

1.8% of imports

6Wine: still, in containers holding 2 litres or less

$81.24M

1.6% of imports

7Ensembles: women's or girls', of textile materials n.e.c. in item no. 6204.2 (not knitted or crocheted)

$68.79M

1.4% of imports

8Machinery: for packing or wrapping

$67.48M

1.3% of imports

9Hair preparations: n.e.c. in heading no. 3305

$64.63M

1.3% of imports

10Ceramic tiles: flags and paving, hearth or wall tiles other than those of subheadings 6907.30 and 6907.40, of a water absorption coefficient by weight not over 0.5%

$59.85M

1.2% of imports

📦 Import Strategy Analysis

Russian Federation's import pattern from Italy reveals strategic sourcingin footwear: n.e.c. in heading no. 6403, (not covering the ankle), outer soles of rubber, plastics or composition leather, uppers of leather, highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

Russian Federation demonstrates competitive strength in exportingpetroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas to Italy, leveraging comparative advantages.

Export Leader in 20+ Categories

🔄

Trade Complementarity

The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.

Highly Balanced

📈

Growth Potential

The $9.42B trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Significant Partnership

Executive Summary: Russian Federation-Italy Trade Relationship

Key Trade Highlights 2023

Total Trade Volume: $9.42 billionrepresenting a significant bilateral economic relationship
Trade Balance: Russian Federation maintains a deficit of $655.74 million
Export Focus: Russian Federation's primary exports include petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas, iron: non-alloy pig iron containing by weight 0.5% or less of phosphorus, in pigs, blocks or other primary forms, iron or non-alloy steel: semi-finished products of iron or non-alloy steel: containing by weight less than 0.25% of carbon, of rectangular (other than square) cross-section
Import Dependencies: Key imports from Italy include footwear: n.e.c. in heading no. 6403, (not covering the ankle), outer soles of rubber, plastics or composition leather, uppers of leather, taps, cocks, valves and similar appliances: for pipes, boiler shells, tanks, vats or the like, including thermostatically controlled valves, medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale

Strategic Trade Indicators

Trade IntensityHigh

Export DiversificationDiversified

Trade Balance HealthBalanced

📈 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 $9.42B 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 Russian Federation leveraging its comparative advantages in petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas.

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

Russian Federation's specialization in petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gascomplements Italy's demand patterns, creating natural trade synergies.

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in footwear: n.e.c. in heading no. 6403, (not covering the ankle), outer soles of rubber, plastics or composition leather, uppers of leather.

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $9.42B bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric

Seasonal VariationsModerate

Product ConcentrationLow

Market DependencyModerate

🔮

Trade Relationship Outlook

The $9.42B 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 $9.42 billion bilateral trade volume represents a important trade relationshipfor both economies.

Economic Significance: Moderate

🏭

Industrial Integration

Trade flows in petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas and footwear: n.e.c. in heading no. 6403, (not covering the ankle), outer soles of rubber, plastics or composition leather, uppers of leather demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Diversified

⚖️

Trade Balance Effects

Russian Federation's trade deficit of $655.74 million impacts its overall economic position in this bilateral relationship.

Balance Impact: Well Balanced

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors

Technology transfer and innovation cooperation in iron: non-alloy pig iron containing by weight 0.5% or less of phosphorus, in pigs, blocks or other primary forms present expansion opportunities.

Market Diversification

Beyond current focus on footwear: n.e.c. in heading no. 6403, (not covering the ankle), outer soles of rubber, plastics or composition leather, uppers of leather, new product categories offer potential for trade expansion.

⚠️Risk Factors

Supply Chain Vulnerabilities

Moderate concentration in key sectors requires monitoring

Market Competition

Global competition in petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas may affect future market positioning.

🎯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 Russian Federation and Italy represents a total trade volume of $9.42 billion in 2023. This partnership demonstrates an unfavorable trade balance for Russian Federation, with imports exceeding exportsby $655.74 million.

Export Strengths

Russian Federation's exports to Italy total $4.38 billion, with competitive advantages in petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas, representing $1.52B or34.8% of bilateral exports.

Import Dependencies

Imports from Italy amount to $5.04 billion, highlighting economic interdependence in footwear: n.e.c. in heading no. 6403, (not covering the ankle), outer soles of rubber, plastics or composition leather, uppers of leather, with Footwear: n.e.c. in heading no. 6403, (not covering the ankle), outer soles of rubber, plastics or composition leather, uppers of leather comprising2.8% of total imports.

The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Russian Federation's strategic sourcing from Italy. 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 Russian Federation and Italy in multiple formats.

Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023