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2022
Exports $198MWorld Rnk 2 / 133
Flag Rnk 427 / 1217
2022
Destination $14M France
2021 - 2022
FASTEST GROWING MARKET $14MFrance
2022
PRODUCT COMPLEXITY IN Silk Fabrics0.43Rnk 394 / 1025
2022
Imports $142MWorld Rnk 1 / 192
Flag Rnk 509 / 1215
2022
Origin $43.6M China
2021 - 2022
FASTEST GROWING ORIGIN $43.6MChina
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $198M in Silk Fabrics, making it the 2nd largest exporter of Silk Fabrics in the world. At the same year, Silk Fabrics was the 427th most exported product in Italy. The main destination of Silk Fabrics exports from Italy are: France ($66.9M), Tunisia ($18.9M), United States ($10.3M), Bulgaria ($9.44M), and Spain ($8.31M).

The fastest growing export markets for Silk Fabrics of Italy between 2021 and 2022 were France ($14M), Tunisia ($4.95M), and United States ($4.02M).

Imports In 2022, Italy imported $142M in Silk Fabrics, becoming the 1st largest importer of Silk Fabrics in the world. At the same year, Silk Fabrics was the 509th most imported product in Italy. Italy imports Silk Fabrics primarily from: China ($116M), Romania ($10.9M), France ($6.51M), United Kingdom ($2.78M), and India ($2.46M).

The fastest growing import markets in Silk Fabrics for Italy between 2021 and 2022 were China ($43.6M), Romania ($2.76M), and United Kingdom ($258k).

Latest Trends

March 2024

About

Overview In March 2024 Italy's Silk Fabrics exports accounted up to €12M and imports accounted up to €6.75M, resulting in a positive trade balance of €5.24M. Between March 2023 and March 2024 the exports of Italy's   Silk Fabrics have decreased by €-6.59M (-35.5%) from €18.6M to €12M, while imports decreased by €-5.24M (-43.7%) from €12M to €6.75M.

Destinations In March 2024, Silk Fabrics were exported mostly to France (€4.28M), Tunisia (€2.24M), United States (€725k), Poland (€720k), and Romania (€649k), and were imported mostly from China (€4.66M), France (€985k), Romania (€429k), United Kingdom (€314k), and Indonesia (€302k).

Growth In March 2024, the decrease in Silk Fabrics's year-by-year exports was explained primarily by a decrease in exports to Bulgaria (€-1.59M or -85.4%), Hong Kong (€-94.1k or -40.8%), and Poland (€-51k or -11.2%). In March 2024, the decrease in Silk Fabrics's year-by-year imports was explained primarily by a decrease in imports from China (€-7.07M or -50%), Romania (€-370k or -30.8%), and Germany (€-369k or -90.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)€-6.59M(-35.5%)
IMPORT GROWTH (March 2023 - March 2024)€-5.24M(-43.7%)
MAIN DESTINATION (March 2024)France€4.28M

This section shows Silk Fabrics's exports and imports data at subnational level for Italy. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Silk Fabrics over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$198M
IMPORTS (2022)$142M
NET TRADE (2022)$56.2M

In 2022, Italy exported $198M in Silk Fabrics. The main destinations of Italy exports on Silk Fabrics were France ($66.9M), Tunisia ($18.9M), United States ($10.3M), Bulgaria ($9.44M), and Spain ($8.31M).

In 2022, Italy imported $142M in Silk Fabrics, mainly from China ($116M), Romania ($10.9M), France ($6.51M), United Kingdom ($2.78M), and India ($2.46M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silk Fabrics EXPORT MARKETS FOR Italy WERE (2021 - 2022):
France$14M (26.5%)
Tunisia$4.95M (35.5%)
United States$4.02M (64.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silk Fabrics BY Italy WERE (2021 - 2022):
Bulgaria-$1.1M (-10.4%)
Russia-$937k (-25.5%)
China-$523k (-8.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Silk Fabrics were:
China $435M
India $59.9M
In 2022, Italy's main importing competitors in Silk Fabrics were:
France $82.6M
United States $55.6M

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Trade Value of Silk Fabrics by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $959k
TOP IMPORT POTENTIALFrance+ $1.92M

Silk Fabrics’s highest export potential is United States. With an export gap of $959k.   Silk Fabrics’s highest import potential is France with an import gap of $1.92M.

See methodology.

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