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2022
Exports $359MWorld Rnk 3 / 91
Flag Rnk 303 / 1217
2022
Destination $96.6M United States
2021 - 2022
FASTEST GROWING MARKET $96.6MUnited States
2022
PRODUCT COMPLEXITY IN Steel Ingots0.23Rnk 480 / 1025
2022
Imports $358MWorld Rnk 3 / 163
Flag Rnk 309 / 1215
2022
Origin $36.8M Austria
2021 - 2022
FASTEST GROWING ORIGIN $36.8MIndia
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $359M in Steel Ingots, making it the 3rd largest exporter of Steel Ingots in the world. At the same year, Steel Ingots was the 303rd most exported product in Italy. The main destination of Steel Ingots exports from Italy are: United States ($118M), Germany ($76.9M), France ($21.5M), Spain ($19.6M), and India ($17M).

The fastest growing export markets for Steel Ingots of Italy between 2021 and 2022 were United States ($96.6M), France ($9.74M), and Austria ($8.46M).

Imports In 2022, Italy imported $358M in Steel Ingots, becoming the 3rd largest importer of Steel Ingots in the world. At the same year, Steel Ingots was the 309th most imported product in Italy. Italy imports Steel Ingots primarily from: Austria ($110M), Croatia ($67.4M), India ($40.5M), Czechia ($29.1M), and Germany ($23.6M).

The fastest growing import markets in Steel Ingots for Italy between 2021 and 2022 were India ($36.8M), Croatia ($35.9M), and Austria ($28.1M).

Latest Trends

March 2024

About

Overview In March 2024 Italy's Steel Ingots exports accounted up to €36.4M and imports accounted up to €31.6M, resulting in a positive trade balance of €4.74M. Between March 2023 and March 2024 the exports of Italy's   Steel Ingots have increased by €2.87M (8.56%) from €33.5M to €36.4M, while imports decreased by €-11.7M (-26.9%) from €43.3M to €31.6M.

Destinations In March 2024, Steel Ingots were exported mostly to United States (€16.6M), Germany (€6.43M), Ukraine (€2M), Indonesia (€1.78M), and France (€1.57M), and were imported mostly from Austria (€11.9M), Croatia (€7.72M), Vietnam (€3M), Ukraine (€2.99M), and Spain (€1.29M).

Growth In March 2024, the increase in Steel Ingots's year-by-year exports was explained primarily by an increase in exports to Germany (€3.82M or 71.6%), France (€1.34M or 104%), and Austria (€1.11M or 734%). In March 2024, the decrease in Steel Ingots's year-by-year imports was explained primarily by a decrease in imports from Croatia (€-2.68M or -36.3%), Czechia (€-1.58M or -49.9%), and Poland (€-1.46M or -64.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)€2.87M(8.56%)
IMPORT GROWTH (March 2023 - March 2024)€-11.7M(-26.9%)
MAIN DESTINATION (March 2024)United States€16.6M

This section shows Steel Ingots'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 Steel Ingots over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$359M
IMPORTS (2022)$358M
NET TRADE (2022)$1.08M

In 2022, Italy exported $359M in Steel Ingots. The main destinations of Italy exports on Steel Ingots were United States ($118M), Germany ($76.9M), France ($21.5M), Spain ($19.6M), and India ($17M).

In 2022, Italy imported $358M in Steel Ingots, mainly from Austria ($110M), Croatia ($67.4M), India ($40.5M), Czechia ($29.1M), and Germany ($23.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Steel Ingots EXPORT MARKETS FOR Italy WERE (2021 - 2022):
United States$96.6M (459%)
France$9.74M (83%)
Austria$8.46M (304%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steel Ingots BY Italy WERE (2021 - 2022):
India-$9.15M (-35%)
Spain-$4.1M (-17.3%)
Romania-$3.79M (-45.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Steel Ingots were:
Brazil $811M
Germany $381M
In 2022, Italy's main importing competitors in Steel Ingots were:
United States $1.68B
Germany $387M

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Trade Value of Steel Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $10.5M
TOP IMPORT POTENTIALFrance+ $6.61M

Steel Ingots’s highest export potential is France. With an export gap of $10.5M.   Steel Ingots’s highest import potential is France with an import gap of $6.61M.

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