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Pair · Q2 2026 · Aug 2025–Jul 2026

Goods, bank claims, portfolio holdings and direct investment between Italy and China, each channel at its own period. Left, Italy to China; right, China to Italy.

Finance to trade

positions ÷ goods, both directions
Finance to trade0.2×positions ÷ goods, both directions
Financial positions, both directions16.5USD bn
Goods, both directions101USD bn

Bank, and positions in both directions over goods trade in both directions; financial centres show very high ratios because they hold securities for others.

Positions at the periods above, goods in the 12-month window. Calculations: datasteg.

The pair through time

2006–Jul 2026

Each channel at its own period on one time axis: goods every month (12-month windows), bank claims every quarter, portfolio holdings every half year, direct investment every year, and below them the finance-to-trade ratio by quarter. Solid lines are reported flows, dashed stretches estimated; the band between a goods line and its other report is the mirror gap where both reports exist. A month with no goods line is one where the pair fell below trade-flow’s 1,500 largest flows.

SinceItaly → ChinaChina → Italyother report (mirror gap)estimated
Goods · 12-month windows, monthly · USD bnJul 2026 · 29.4 / 71.9050100Bank claims · quarterly · USD bnQ2 2026 · 0.3 / –013Portfolio holdings · half-yearly · USD bnDec 2025 · 2.4 / 2.7035Direct investment · annual · USD bn2024 · 10.5 / 0.601020Finance to trade · quarterly, positions both ways ÷ goods both waysQ2 2026 · 0.2×0.0×1.0×2.0×20062008201020122014201620182020202220242026
Sources

The ratio starts in 2009, when the direct-investment survey begins: bank claims at the quarter, portfolio and direct investment at their latest period at or before it, goods in the 12 months to the quarter end. Calculations: datasteg global-network.

Goods Italy → China

Aug 2025–Jul 2026

exports of Italy to China, 12 months

Exports, 12 months29.4USD bnspliced
–importer’s report ÷ exporter’s
Sources

Window Aug 2025–Jul 2026. Importer-reported where filed, partner-reported or estimated otherwise (tagged). Mirror ratio: the importer’s report over the exporter’s.

Goods China → Italy

Aug 2025–Jul 2026

exports of China to Italy, 12 months

Exports, 12 months71.9USD bnreported
–importer’s report ÷ exporter’s
Sources

Window Aug 2025–Jul 2026. Importer-reported where filed, partner-reported or estimated otherwise (tagged). Mirror ratio: the importer’s report over the exporter’s.

Italy → China

Q2 2026

loans and deposits of banks in Italy on residents of China

Position0.3USD bn
Flow in the quarter−0.1USD bnas published by the BIS
Sources

Loans and deposits, all sectors and currencies, residence basis, Q2 2026. Flow as published by the BIS.

China → Italy

Q2 2026

loans and deposits of banks in China on residents of Italy

Position–Not reported
Flow in the quarter–
Sources

Loans and deposits, all sectors and currencies, residence basis, Q2 2026. Flow as published by the BIS.

Italy → China

Q4 2025

securities issued in China held by investors in Italy

Total2.4USD bn
Equity0.7USD bn
Debt securities1.7USD bn
Sources

Holder to issuer, Q4 2025.

China → Italy

Q4 2025

securities issued in Italy held by investors in China

Total2.7USD bn
Equity1.7USD bn
Debt securities1.0USD bn
Sources

Holder to issuer, Q4 2025.

Italy → China

2024

position of investors in Italy in China

Position10.5USD bn
Reportthe host’s
Sources

Investor to host, 2024; one report per pair, the host’s first.

China → Italy

2024

position of investors in China in Italy

Position0.6USD bn
Reportthe host’s
Sources

Investor to host, 2024; one report per pair, the host’s first.