Suriname-Italy Bilateral Trade Analysis 2023
Complete trade statistics: $11.51M total volume •Suriname deficit: $11.51M
Suriname → Italy
$0
Exports (2023)
Italy → Suriname
$11.51M
Imports (2023)
Trade Balance
$11.51M
Deficit for Suriname
Total Trade
$11.51M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Suriname and Italy. Green line shows exports from Suriname, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Suriname-Italy commercial relationship and competitive positioning in global markets.
Suriname → Italy Exports
Export Market Intelligence
🎯 Strategic Export Focus
Suriname's export portfolio to Italy demonstrates strategic specialization, with wood: tropical (including unassembled strips and friezes for parquet flooring), continuously shaped along any edges, ends or faces, whether or not planed, sanded or end-jointed representing a key competitive advantage in this bilateral market.
Italy → Suriname Imports
Import Dependency Profile
📦 Import Strategy Analysis
Suriname's import pattern from Italy reveals significant dependencyin cranes: tower cranes, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Suriname demonstrates competitive strength in exportingwood: tropical (including unassembled strips and friezes for parquet flooring), continuously shaped along any edges, ends or faces, whether or not planed, sanded or end-jointed to Italy, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $11.51M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Suriname-Italy Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $11.51 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Suriname maintains a deficit of $11.51 million
- Export Focus: Suriname's primary exports include wood: tropical (including unassembled strips and friezes for parquet flooring), continuously shaped along any edges, ends or faces, whether or not planed, sanded or end-jointed, machinery: parts of machinery of heading no. 8422, tools, hand: other hand tools (including glaziers diamonds), excluding household tools, drilling, threading or tapping tools, hammers and sledge hammers, planes, chisels, gouges and similar cutting tools for working wood, and screwdrivers
- Import Dependencies: Key imports from Italy include cranes: tower cranes, vegetable preparations: tomatoes, (other than whole or in pieces), prepared or preserved otherwise than by vinegar or acetic acid, lifts and skip hoists
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 $11.51M 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 Suriname leveraging its comparative advantages in wood: tropical (including unassembled strips and friezes for parquet flooring), continuously shaped along any edges, ends or faces, whether or not planed, sanded or end-jointed.
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
Suriname's specialization in wood: tropical (including unassembled strips and friezes for parquet flooring), continuously shaped along any edges, ends or faces, whether or not planed, sanded or end-jointedcomplements Italy's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in cranes: tower cranes.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $11.51M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $11.51M 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 $11.51 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in wood: tropical (including unassembled strips and friezes for parquet flooring), continuously shaped along any edges, ends or faces, whether or not planed, sanded or end-jointed and cranes: tower cranes demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Suriname's trade deficit of $11.51 million impacts 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 Suriname and Italy represents a total trade volume of $11.51 million in 2023. This partnership demonstrates an unfavorable trade balance for Suriname, with imports exceeding exportsby $11.51 million.
Export Strengths
Suriname's exports to Italy total $0.00, with competitive advantages in wood: tropical (including unassembled strips and friezes for parquet flooring), continuously shaped along any edges, ends or faces, whether or not planed, sanded or end-jointed, representing $113,046 orInfinity% of bilateral exports.
Import Dependencies
Imports from Italy amount to $11.51 million, highlighting economic interdependence in cranes: tower cranes, with Cranes: tower cranes comprising15.2% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Suriname'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 Suriname and Italy in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023