diff --git a/plugins/woocommerce-admin/packages/components/CHANGELOG.md b/plugins/woocommerce-admin/packages/components/CHANGELOG.md
index 3a6718837f8..65ffc519632 100644
--- a/plugins/woocommerce-admin/packages/components/CHANGELOG.md
+++ b/plugins/woocommerce-admin/packages/components/CHANGELOG.md
@@ -1,5 +1,6 @@
 # Unreleased
 
+-   Add new (experimental) collapsible list item to collapse list items. #6869
 -   SelectControl: fix display of multiple selections without inline tags. #6862
 -   Add new (experimental) list, and add depreciation notice for the current list. #6787
 -   Force `<SearchListItem>` form elements id to be unique. #6871
diff --git a/plugins/woocommerce-admin/packages/components/src/index.js b/plugins/woocommerce-admin/packages/components/src/index.js
index 0cfb0c4bd78..e9b28d41ab7 100644
--- a/plugins/woocommerce-admin/packages/components/src/index.js
+++ b/plugins/woocommerce-admin/packages/components/src/index.js
@@ -29,6 +29,8 @@ export {
 	default as List,
 	ExperimentalList as __experimentalList,
 	ExperimentalListItem as __experimentalListItem,
+	ExperimentalListItemCollapse as __experimentalListItemCollapse,
+	ExperimentalCollapsibleList as __experimentalCollapsibleList,
 } from './list';
 export { default as MenuItem } from './ellipsis-menu/menu-item';
 export { default as MenuTitle } from './ellipsis-menu/menu-title';
diff --git a/plugins/woocommerce-admin/packages/components/src/list/collapsible-list/index.tsx b/plugins/woocommerce-admin/packages/components/src/list/collapsible-list/index.tsx
new file mode 100644
index 00000000000..1468e8ae243
--- /dev/null
+++ b/plugins/woocommerce-admin/packages/components/src/list/collapsible-list/index.tsx
@@ -0,0 +1,127 @@
+/**
+ * External dependencies
+ */
+import { Dashicon } from '@wordpress/components';
+import { useState, useCallback, Children } from '@wordpress/element';
+import { Transition } from 'react-transition-group';
+
+/**
+ * Internal dependencies
+ */
+import { ExperimentalListItem } from '../experimental-list-item';
+import { ListProps, ExperimentalList } from '../experimental-list';
+
+type CollapsibleListProps = {
+	collapseLabel: string;
+	expandLabel: string;
+	collapsed?: boolean;
+	show?: number;
+	onCollapse?: () => void;
+	onExpand?: () => void;
+} & ListProps;
+
+const defaultStyle = {
+	transition: `max-height 500ms ease-in-out`,
+	maxHeight: 0,
+	overflow: 'hidden',
+};
+
+function getContainerHeight( collapseContainer: HTMLDivElement | null ) {
+	let containerHeight = 0;
+	if ( collapseContainer ) {
+		for ( const child of collapseContainer.children ) {
+			containerHeight += child.clientHeight;
+		}
+	}
+	return containerHeight;
+}
+
+export const ExperimentalCollapsibleList: React.FC< CollapsibleListProps > = ( {
+	children,
+	collapsed = true,
+	collapseLabel,
+	expandLabel,
+	show = 0,
+	onCollapse,
+	onExpand,
+	...listProps
+} ): JSX.Element => {
+	const [ isCollapsed, setCollapsed ] = useState( collapsed );
+	const [ containerHeight, setContainerHeight ] = useState( 0 );
+	const collapseContainerRef = useCallback(
+		( containerElement: HTMLDivElement ) => {
+			if ( containerElement ) {
+				setContainerHeight( getContainerHeight( containerElement ) );
+			}
+		},
+		[ children ]
+	);
+
+	const triggerCallbacks = ( newCollapseValue: boolean ) => {
+		if ( onCollapse && newCollapseValue ) {
+			onCollapse();
+		}
+		if ( onExpand && ! newCollapseValue ) {
+			onExpand();
+		}
+	};
+
+	const clickHandler = useCallback( () => {
+		setCollapsed( ! isCollapsed );
+		triggerCallbacks( ! isCollapsed );
+	}, [ isCollapsed ] );
+
+	let shownChildren: React.ReactNode[] = [];
+	let hiddenChildren = Children.toArray( children );
+	if ( show > 0 ) {
+		shownChildren = hiddenChildren.slice( 0, show );
+		hiddenChildren = hiddenChildren.slice( show );
+	}
+
+	const transitionStyles = {
+		entered: { maxHeight: containerHeight },
+		entering: { maxHeight: containerHeight },
+		exiting: { maxHeight: 0 },
+		exited: { maxHeight: 0 },
+	};
+
+	return (
+		<ExperimentalList { ...listProps }>
+			{ shownChildren }
+			<Transition
+				timeout={ 500 }
+				in={ ! isCollapsed }
+				mountOnEnter
+				unmountOnExit
+			>
+				{ ( state: 'entering' | 'entered' | 'exiting' | 'exited' ) => (
+					<div
+						ref={ collapseContainerRef }
+						style={ {
+							...defaultStyle,
+							...transitionStyles[ state ],
+						} }
+					>
+						{ hiddenChildren }
+					</div>
+				) }
+			</Transition>
+			{ hiddenChildren.length > 0 ? (
+				<ExperimentalListItem
+					className="list-item-collapse"
+					onClick={ clickHandler }
+					animation="none"
+				>
+					<p>{ isCollapsed ? expandLabel : collapseLabel }</p>
+
+					<Dashicon
+						className="list-item-collapse__icon"
+						icon={
+							isCollapsed ? 'arrow-down-alt2' : 'arrow-up-alt2'
+						}
+					/>
+				</ExperimentalListItem>
+			) : null }
+		</ExperimentalList>
+	);
+};
diff --git a/plugins/woocommerce-admin/packages/components/src/list/collapsible-list/style.scss b/plugins/woocommerce-admin/packages/components/src/list/collapsible-list/style.scss
new file mode 100644
index 00000000000..cf463cb594a
--- /dev/null
+++ b/plugins/woocommerce-admin/packages/components/src/list/collapsible-list/style.scss
@@ -0,0 +1,11 @@
+.woocommerce-list__item.list-item-collapse {
+	justify-content: space-between;
+
+	p {
+		margin: 0;
+	}
+
+	.list-item-collapse__icon-container {
+		justify-content: flex-end;
+	}
+}
diff --git a/plugins/woocommerce-admin/packages/components/src/list/experimental-list.tsx b/plugins/woocommerce-admin/packages/components/src/list/experimental-list.tsx
index 0b31c8d937f..62512b80667 100644
--- a/plugins/woocommerce-admin/packages/components/src/list/experimental-list.tsx
+++ b/plugins/woocommerce-admin/packages/components/src/list/experimental-list.tsx
@@ -11,7 +11,7 @@ import type { ListAnimation } from './experimental-list-item';
 
 type ListType = 'ol' | 'ul';
 
-type ListProps = {
+export type ListProps = {
 	listType?: ListType;
 	animation?: ListAnimation;
 } & React.HTMLAttributes< HTMLElement >;
diff --git a/plugins/woocommerce-admin/packages/components/src/list/index.js b/plugins/woocommerce-admin/packages/components/src/list/index.js
index 023ab7e00a9..3aa7ac69701 100644
--- a/plugins/woocommerce-admin/packages/components/src/list/index.js
+++ b/plugins/woocommerce-admin/packages/components/src/list/index.js
@@ -115,3 +115,4 @@ export default List;
 
 export { ExperimentalListItem } from './experimental-list-item';
 export { ExperimentalList } from './experimental-list';
+export { ExperimentalCollapsibleList } from './collapsible-list';
diff --git a/plugins/woocommerce-admin/packages/components/src/list/stories/index.js b/plugins/woocommerce-admin/packages/components/src/list/stories/index.js
index 0204265585b..4aee54a5236 100644
--- a/plugins/woocommerce-admin/packages/components/src/list/stories/index.js
+++ b/plugins/woocommerce-admin/packages/components/src/list/stories/index.js
@@ -7,7 +7,11 @@ import { withConsole } from '@storybook/addon-console';
 /**
  * Internal dependencies
  */
-import List, { ExperimentalList, ExperimentalListItem } from '../';
+import List, {
+	ExperimentalList,
+	ExperimentalListItem,
+	ExperimentalCollapsibleList,
+} from '../';
 import './style.scss';
 
 function logItemClick( event ) {
@@ -161,4 +165,47 @@ export const ExperimentalListExample = () => {
 	);
 };
 
-ExperimentalList.storyName = 'ExperimentalList / ExperimentalListItem.';
+ExperimentalListExample.storyName = 'ExperimentalList / ExperimentalListItem.';
+
+export const ExperimentalCollapsibleListExample = () => {
+	return (
+		<ExperimentalCollapsibleList
+			collapseLabel="Show less"
+			expandLabel="Show more items"
+			show={ 2 }
+			onCollapse={ () => {
+				// eslint-disable-next-line no-console
+				console.log( 'collapsed' );
+			} }
+			onExpand={ () => {
+				// eslint-disable-next-line no-console
+				console.log( 'expanded' );
+			} }
+		>
+			<ExperimentalListItem onClick={ () => {} }>
+				<div>Any markup can go here.</div>
+			</ExperimentalListItem>
+			<ExperimentalListItem onClick={ () => {} }>
+				<div>Any markup can go here.</div>
+			</ExperimentalListItem>
+			<ExperimentalListItem onClick={ () => {} }>
+				<div>
+					Any markup can go here.
+					<br />
+					Bigger task item
+					<br />
+					Another line
+				</div>
+			</ExperimentalListItem>
+			<ExperimentalListItem onClick={ () => {} }>
+				<div>Any markup can go here.</div>
+			</ExperimentalListItem>
+			<ExperimentalListItem onClick={ () => {} }>
+				<div>Any markup can go here.</div>
+			</ExperimentalListItem>
+		</ExperimentalCollapsibleList>
+	);
+};
+
+ExperimentalCollapsibleListExample.storyName =
+	'ExperimentalList with ExperimentalCollapsibleListItem.';
diff --git a/plugins/woocommerce-admin/packages/components/src/list/test/index.js b/plugins/woocommerce-admin/packages/components/src/list/test/index.js
index 679a06b9b33..85ebd96faeb 100644
--- a/plugins/woocommerce-admin/packages/components/src/list/test/index.js
+++ b/plugins/woocommerce-admin/packages/components/src/list/test/index.js
@@ -7,13 +7,21 @@ jest.mock( '../list-item', () => ( {
 /**
  * External dependencies
  */
-import { render, screen } from '@testing-library/react';
+import {
+	render,
+	screen,
+	waitForElementToBeRemoved,
+} from '@testing-library/react';
 import userEvent from '@testing-library/user-event';
 
 /**
  * Internal dependencies
  */
-import List, { ExperimentalList, ExperimentalListItem } from '../index';
+import List, {
+	ExperimentalList,
+	ExperimentalListItem,
+	ExperimentalCollapsibleList,
+} from '../index';
 import { handleKeyDown } from '../list-item';
 
 describe( 'List', () => {
@@ -145,6 +153,124 @@ describe( 'List', () => {
 				expect( item ).toHaveAttribute( 'tabindex', '0' );
 			} );
 		} );
+
+		describe( 'ExperimentalListItemCollapse', () => {
+			it( 'should not render its children intially, but an extra list footer with show text', () => {
+				const { container } = render(
+					<ExperimentalCollapsibleList
+						collapseLabel="Show less"
+						expandLabel="Show more items"
+					>
+						<div>Test</div>
+					</ExperimentalCollapsibleList>
+				);
+
+				expect( container ).not.toHaveTextContent( 'Test' );
+				expect( container ).toHaveTextContent( 'Show more items' );
+			} );
+
+			it( 'should render list items when footer is clicked and trigger onExpand', () => {
+				const onExpand = jest.fn();
+				const onCollapse = jest.fn();
+				const { container } = render(
+					<ExperimentalCollapsibleList
+						collapseLabel="Show less"
+						expandLabel="Show more items"
+						onExpand={ onExpand }
+						onCollapse={ onCollapse }
+					>
+						<div>Test</div>
+						<div>Test 2</div>
+					</ExperimentalCollapsibleList>
+				);
+
+				const listItem = container.querySelector(
+					'.list-item-collapse'
+				);
+
+				userEvent.click( listItem );
+				expect( container ).toHaveTextContent( 'Test' );
+				expect( container ).toHaveTextContent( 'Test 2' );
+				expect( container ).not.toHaveTextContent( 'Show more items' );
+				expect( container ).toHaveTextContent( 'Show less' );
+				expect( onExpand ).toHaveBeenCalled();
+				expect( onCollapse ).not.toHaveBeenCalled();
+			} );
+
+			it( 'should render minimum children if minChildrenToShow is set and show the rest on expand', () => {
+				const onExpand = jest.fn();
+				const onCollapse = jest.fn();
+				const { container } = render(
+					<ExperimentalCollapsibleList
+						collapseLabel="Show less"
+						expandLabel="Show more items"
+						onExpand={ onExpand }
+						onCollapse={ onCollapse }
+						show={ 2 }
+					>
+						<div>Test</div>
+						<div>Test 2</div>
+						<div>Test 3</div>
+						<div>Test 4</div>
+					</ExperimentalCollapsibleList>
+				);
+
+				expect( container ).toHaveTextContent( 'Test' );
+				expect( container ).toHaveTextContent( 'Test 2' );
+				expect( container ).not.toHaveTextContent( 'Test 3' );
+				expect( container ).not.toHaveTextContent( 'Test 4' );
+				const listItem = container.querySelector(
+					'.list-item-collapse'
+				);
+
+				userEvent.click( listItem );
+				expect( container ).toHaveTextContent( 'Test' );
+				expect( container ).toHaveTextContent( 'Test 2' );
+				expect( container ).toHaveTextContent( 'Test 3' );
+				expect( container ).toHaveTextContent( 'Test 4' );
+				expect( container ).not.toHaveTextContent( 'Show more items' );
+				expect( container ).toHaveTextContent( 'Show less' );
+				expect( onExpand ).toHaveBeenCalled();
+				expect( onCollapse ).not.toHaveBeenCalled();
+			} );
+
+			it( 'should correctly toggle the list', async () => {
+				const onExpand = jest.fn();
+				const onCollapse = jest.fn();
+				const { container } = render(
+					<ExperimentalCollapsibleList
+						collapseLabel="Show less"
+						expandLabel="Show more items"
+						onExpand={ onExpand }
+						onCollapse={ onCollapse }
+					>
+						<div id="test">Test</div>
+						<div>Test 2</div>
+					</ExperimentalCollapsibleList>
+				);
+
+				let listItem = container.querySelector( '.list-item-collapse' );
+
+				userEvent.click( listItem );
+				expect( container ).toHaveTextContent( 'Test' );
+				expect( container ).toHaveTextContent( 'Test 2' );
+				expect( container ).not.toHaveTextContent( 'Show more items' );
+				expect( container ).toHaveTextContent( 'Show less' );
+
+				listItem = container.querySelector( '.list-item-collapse' );
+
+				userEvent.click( listItem );
+				await waitForElementToBeRemoved(
+					container.querySelector( '#test' )
+				);
+				expect( container ).not.toHaveTextContent( 'Test' );
+				expect( container ).not.toHaveTextContent( 'Test 2' );
+				expect( container ).toHaveTextContent( 'Show more items' );
+				expect( container ).not.toHaveTextContent( 'Show less' );
+				expect( onExpand ).toHaveBeenCalledTimes( 1 );
+				expect( onCollapse ).toHaveBeenCalledTimes( 1 );
+			} );
+		} );
 	} );
 
 	describe( 'Legacy List', () => {
diff --git a/plugins/woocommerce-admin/packages/components/src/style.scss b/plugins/woocommerce-admin/packages/components/src/style.scss
index af7df1e4600..08628d54d5a 100644
--- a/plugins/woocommerce-admin/packages/components/src/style.scss
+++ b/plugins/woocommerce-admin/packages/components/src/style.scss
@@ -18,6 +18,7 @@
 @import 'gravatar/style.scss';
 @import 'image-upload/style.scss';
 @import 'list/style.scss';
+@import 'list/collapsible-list/style.scss';
 @import 'order-status/style.scss';
 @import 'pagination/style.scss';
 @import 'pill/style.scss';