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2022
Exports $125MWorld Rnk 3 / 158
Flag Rnk 533 / 1217
2022
Destination $1.97M Russia
2021 - 2022
FASTEST GROWING MARKET $1.97MTurkey
2022
PRODUCT COMPLEXITY IN Pastes and Waxes1Rnk 171 / 1025
2022
Imports $34.3MWorld Rnk 10 / 209
Flag Rnk 822 / 1215
2022
Origin $2.28M Germany
2021 - 2022
FASTEST GROWING ORIGIN $2.28MGermany
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $125M in Pastes and Waxes, making it the 3rd largest exporter of Pastes and Waxes in the world. At the same year, Pastes and Waxes was the 533rd most exported product in Italy. The main destination of Pastes and Waxes exports from Italy are: Russia ($11.6M), Spain ($11.5M), France ($11.2M), Germany ($10.3M), and Turkey ($6.98M).

The fastest growing export markets for Pastes and Waxes of Italy between 2021 and 2022 were Turkey ($1.97M), Russia ($1.65M), and Netherlands ($1.59M).

Imports In 2022, Italy imported $34.3M in Pastes and Waxes, becoming the 10th largest importer of Pastes and Waxes in the world. At the same year, Pastes and Waxes was the 822nd most imported product in Italy. Italy imports Pastes and Waxes primarily from: Germany ($13.2M), China ($7.85M), France ($3.61M), Netherlands ($1.2M), and Czechia ($1.17M).

The fastest growing import markets in Pastes and Waxes for Italy between 2021 and 2022 were Germany ($2.28M), France ($1.37M), and Czechia ($342k).

Latest Trends

March 2024

About

Overview In March 2024 Italy's Pastes and Waxes exports accounted up to €8.87M and imports accounted up to €2M, resulting in a positive trade balance of €6.87M. Between March 2023 and March 2024 the exports of Italy's   Pastes and Waxes have decreased by €-1.06M (-10.7%) from €9.93M to €8.87M, while imports decreased by €-244k (-10.9%) from €2.24M to €2M.

Destinations In March 2024, Pastes and Waxes were exported mostly to Spain (€1.53M), Russia (€1.28M), Mexico (€931k), Germany (€766k), and France (€526k), and were imported mostly from Germany (€1.15M), France (€269k), Netherlands (€146k), China (€142k), and Spain (€77.4k).

Growth In March 2024, the decrease in Pastes and Waxes's year-by-year exports was explained primarily by a decrease in exports to United Kingdom (€-137k or -43.6%), Romania (€-103k or -99.7%), and Israel (€-79.1k or -64.8%). In March 2024, the decrease in Pastes and Waxes's year-by-year imports was explained primarily by a decrease in imports from Czechia (€-1M or -97.5%), China (€-141k or -29.1%), and Netherlands (€-93.3k or -53.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)€-1.06M(-10.7%)
IMPORT GROWTH (March 2023 - March 2024)€-244k(-10.9%)
MAIN DESTINATION (March 2024)Spain€1.53M

This section shows Pastes and Waxes'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 Pastes and Waxes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$125M
IMPORTS (2022)$34.3M
NET TRADE (2022)$90.8M

In 2022, Italy exported $125M in Pastes and Waxes. The main destinations of Italy exports on Pastes and Waxes were Russia ($11.6M), Spain ($11.5M), France ($11.2M), Germany ($10.3M), and Turkey ($6.98M).

In 2022, Italy imported $34.3M in Pastes and Waxes, mainly from Germany ($13.2M), China ($7.85M), France ($3.61M), Netherlands ($1.2M), and Czechia ($1.17M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pastes and Waxes EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Turkey$1.97M (39.3%)
Russia$1.65M (16.6%)
Netherlands$1.59M (55.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pastes and Waxes BY Italy WERE (2021 - 2022):
United States-$1.74M (-24.1%)
China-$1.61M (-29.9%)
Switzerland-$993k (-72.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Pastes and Waxes were:
China $529M
Germany $254M
In 2022, Italy's main importing competitors in Pastes and Waxes were:
United States $285M
Germany $91.8M
Netherlands $49.6M

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Trade Value of Pastes and Waxes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.06M
TOP IMPORT POTENTIALChina+ $1.79M

Pastes and Waxes’s highest export potential is United States. With an export gap of $3.06M.   Pastes and Waxes’s highest import potential is China with an import gap of $1.79M.

See methodology.

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