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2022
Exports $119MWorld Rnk 4 / 92
Flag Rnk 543 / 1217
2022
Destination $31.9M Uzbekistan
2021 - 2022
FASTEST GROWING MARKET $31.9MUzbekistan
2022
PRODUCT COMPLEXITY IN Artificial Textile Machinery1.99Rnk 5 / 1025
2022
Imports $8.15MWorld Rnk 19 / 168
Flag Rnk 1058 / 1215
2022
Origin $2.82M Germany
2021 - 2022
FASTEST GROWING ORIGIN $2.82MGermany
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $119M 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 543rd most exported product in Italy. The main destination of Artificial Textile Machinery exports from Italy are: Uzbekistan ($38.3M), United States ($16.8M), China ($14.4M), Turkey ($10M), and Poland ($8.4M).

The fastest growing export markets for Artificial Textile Machinery of Italy between 2021 and 2022 were Uzbekistan ($31.9M), Greece ($6.71M), and Poland ($4.87M).

Imports In 2022, Italy imported $8.15M in Artificial Textile Machinery, becoming the 19th largest importer of Artificial Textile Machinery in the world. At the same year, Artificial Textile Machinery was the 1058th most imported product in Italy. Italy imports Artificial Textile Machinery primarily from: Germany ($3.29M), Austria ($2.84M), China ($598k), United Kingdom ($443k), and Romania ($409k).

The fastest growing import markets in Artificial Textile Machinery for Italy between 2021 and 2022 were Germany ($2.82M), Austria ($1.29M), and China ($507k).

Latest Trends

August 2024

About

Overview In August 2024 Italy's Artificial Textile Machinery exports accounted up to €1.84M and imports accounted up to €105k, resulting in a positive trade balance of €1.74M. Between August 2023 and August 2024 the exports of Italy's   Artificial Textile Machinery have decreased by €-7.85M (-81%) from €9.69M to €1.84M, while imports decreased by €-390k (-78.7%) from €495k to €105k.

Destinations In August 2024, Artificial Textile Machinery were exported mostly to United States (€761k), Germany (€521k), Indonesia (€421k), China (€97.4k), and United Kingdom (€21.7k), and were imported mostly from Belgium (€66k), China (€38.4k), and Japan (€1.03k).

Growth In August 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 August 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 (August 2023 - August 2024)€-7.85M(-81%)
IMPORT GROWTH (August 2023 - August 2024)€-390k(-78.7%)
MAIN DESTINATION (August 2024)United States€761k

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 (2022)$119M
IMPORTS (2022)$8.15M
NET TRADE (2022)$111M

In 2022, Italy exported $119M in Artificial Textile Machinery. The main destinations of Italy exports on Artificial Textile Machinery were Uzbekistan ($38.3M), United States ($16.8M), China ($14.4M), Turkey ($10M), and Poland ($8.4M).

In 2022, Italy imported $8.15M in Artificial Textile Machinery, mainly from Germany ($3.29M), Austria ($2.84M), China ($598k), United Kingdom ($443k), and Romania ($409k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Artificial Textile Machinery EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Uzbekistan$31.9M (497%)
Greece$6.71M (18.2k%)
Poland$4.87M (138%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Artificial Textile Machinery BY Italy WERE (2021 - 2022):
Hungary-$20.8M (-99.9%)
Turkey-$13M (-56.5%)
China-$2.76M (-16%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Artificial Textile Machinery were:
Germany $678M
China $325M
Japan $159M
In 2022, Italy's main importing competitors in Artificial Textile Machinery were:
China $489M
Turkey $190M
India $161M

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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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