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2023
Exports $75.6MWorld Rnk 4 / 94
Flag Rnk 627 / 1216
2023
Destination $7.61M China
2022 - 2023
FASTEST GROWING MARKET $7.61MChina
2023
PRODUCT COMPLEXITY IN Artificial Textile Machinery1.97Rnk 3 / 1025
2023
Imports $2.78MWorld Rnk 34 / 165
Flag Rnk 1121 / 1213
2023
Origin $721k United States
2022 - 2023
FASTEST GROWING ORIGIN $721kUnited States
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $75.6M in Artificial Textile Machinery, making it the 4th largest exporter of Artificial Textile Machinery in the world. At the same year, Artificial Textile Machinery was the 627th most exported product in Italy. The main destination of Artificial Textile Machinery exports from Italy are: China ($22M), United States ($11.4M), Turkey ($10.5M), United Arab Emirates ($4.31M), and Germany ($3.78M).

The fastest growing export markets for Artificial Textile Machinery of Italy between 2022 and 2023 were China ($7.61M), United Arab Emirates ($4.2M), and Peru ($2.09M).

Imports In 2023, Italy imported $2.78M in Artificial Textile Machinery, becoming the 34th largest importer of Artificial Textile Machinery in the world. At the same year, Artificial Textile Machinery was the 1121st most imported product in Italy. Italy imports Artificial Textile Machinery primarily from: United States ($762k), China ($701k), United Kingdom ($664k), Poland ($139k), and Spain ($121k).

The fastest growing import markets in Artificial Textile Machinery for Italy between 2022 and 2023 were United States ($721k), United Kingdom ($557k), and Poland ($139k).

Latest Trends

November 2024

About

Overview In November 2024 Italy's Artificial Textile Machinery exports accounted up to €5.91M and imports accounted up to €15k, resulting in a positive trade balance of €5.89M. Between November 2023 and November 2024 the exports of Italy's   Artificial Textile Machinery have decreased by €-7.94M (-57.3%) from €13.8M to €5.91M, while imports decreased by €-16.2k (-52%) from €31.2k to €15k.

Destinations In November 2024, Artificial Textile Machinery were exported mostly to Saudi Arabia (€4.64M), Switzerland (€744k), United States (€209k), Canada (€145k), and Spain (€73.3k), and were imported mostly from Japan (€13.9k) and China (€1.1k).

Growth In November 2024, the decrease in Artificial Textile Machinery's year-by-year exports was explained primarily by a decrease in exports to Turkey (€-1.7M or -69.3%), Bangladesh (€-1.34M or -99.7%), and Spain (€-5.2k or -61.8%). In November 2024, the decrease in Artificial Textile Machinery's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€-7.94M(-57.3%)
IMPORT GROWTH (October 2023 - November 2024)€-16.2k(-52%)
MAIN DESTINATION (November 2024)Saudi Arabia€4.64M

This section shows Artificial Textile Machinery'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 Artificial Textile Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$75.6M
IMPORTS (2023)$2.78M
NET TRADE (2023)$72.8M

In 2023, Italy exported $75.6M in Artificial Textile Machinery. The main destinations of Italy exports on Artificial Textile Machinery were China ($22M), United States ($11.4M), Turkey ($10.5M), United Arab Emirates ($4.31M), and Germany ($3.78M).

In 2023, Italy imported $2.78M in Artificial Textile Machinery, mainly from United States ($762k), China ($701k), United Kingdom ($664k), Poland ($139k), and Spain ($121k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Artificial Textile Machinery EXPORT MARKETS FOR Italy WERE (2022 - 2023):
China$7.61M (52.7%)
United Arab Emirates$4.2M (3.96k%)
Peru$2.09M (4.87k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Artificial Textile Machinery BY Italy WERE (2022 - 2023):
Uzbekistan-$39.2M (-99%)
Chinese Taipei-$2.43M (-100%)
Switzerland-$2.32M (-96.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Artificial Textile Machinery were:
Germany $614M
China $274M
Japan $184M
In 2023, Italy's main importing competitors in Artificial Textile Machinery were:
China $557M
Turkey $193M
India $148M

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Trade Value of Artificial Textile Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $1.63M
TOP IMPORT POTENTIALGermany+ $983k

Artificial Textile Machinery’s highest export potential is Turkey. With an export gap of $1.63M.   Artificial Textile Machinery’s highest import potential is Germany with an import gap of $983k.

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