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2023
Exports $3.33BWorld Rnk 6 / 224
Flag Rnk 38 / 1216
2023
Destination $34.1M United States
2022 - 2023
FASTEST GROWING MARKET $34.1MBrazil
2023
PRODUCT COMPLEXITY IN Centrifuges1.22Rnk 101 / 1025
2023
Imports $2.11BWorld Rnk 10 / 225
Flag Rnk 63 / 1213
2023
Origin $132M Germany
2022 - 2023
FASTEST GROWING ORIGIN $132MGermany
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $3.33B in Centrifuges, making it the 6th largest exporter of Centrifuges in the world. At the same year, Centrifuges was the 38th most exported product in Italy. The main destination of Centrifuges exports from Italy are: United States ($310M), Germany ($307M), France ($241M), Turkey ($149M), and Spain ($120M).

The fastest growing export markets for Centrifuges of Italy between 2022 and 2023 were Brazil ($34.1M), France ($32.4M), and United Arab Emirates ($32M).

Imports In 2023, Italy imported $2.11B in Centrifuges, becoming the 10th largest importer of Centrifuges in the world. At the same year, Centrifuges was the 63rd most imported product in Italy. Italy imports Centrifuges primarily from: Germany ($698M), China ($202M), France ($169M), Poland ($147M), and Belgium ($140M).

The fastest growing import markets in Centrifuges for Italy between 2022 and 2023 were Germany ($132M), Poland ($70.6M), and France ($28.6M).

COMPANIES In 2023, leading companies such as Palm Bay International (45), Intercontinental Packaging (41), and Arhaus (7) were at the forefront of shipping Centrifuges from Italy to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Italy's Centrifuges exports accounted up to €244M and imports accounted up to €158M, resulting in a positive trade balance of €86.3M. Between September 2023 and October 2024 the exports of Italy's   Centrifuges have increased by €17.4M (7.66%) from €227M to €244M, while imports increased by €1.84M (1.18%) from €156M to €158M.

Destinations In October 2024, Centrifuges were exported mostly to Germany (€29.6M), France (€20.8M), United States (€14.2M), Spain (€12.8M), and United Kingdom (€11.6M), and were imported mostly from Germany (€53.8M), China (€19.1M), France (€12.9M), Belgium (€12.1M), and Romania (€10.2M).

Growth In October 2024, the increase in Centrifuges's year-by-year exports was explained primarily by an increase in exports to Turkey (€6.29M or 103%), Germany (€5.88M or 28.8%), and United States (€4.96M or 50.4%). In October 2024, the increase in Centrifuges's year-by-year imports was explained primarily by an increase in imports from Germany (€12.1M or 29.1%), France (€3.9M or 41.3%), and Belgium (€2.36M or 24.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - October 2024)€17.4M(7.66%)
IMPORT GROWTH (September 2023 - October 2024)€1.84M(1.18%)
MAIN DESTINATION (October 2024)Germany€29.6M

This section shows Centrifuges'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 Centrifuges over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.33B
IMPORTS (2023)$2.11B
NET TRADE (2023)$1.23B

In 2023, Italy exported $3.33B in Centrifuges. The main destinations of Italy exports on Centrifuges were United States ($310M), Germany ($307M), France ($241M), Turkey ($149M), and Spain ($120M).

In 2023, Italy imported $2.11B in Centrifuges, mainly from Germany ($698M), China ($202M), France ($169M), Poland ($147M), and Belgium ($140M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Centrifuges EXPORT MARKETS FOR Italy WERE (2022 - 2023):
Brazil$34.1M (71.8%)
France$32.4M (15.5%)
United Arab Emirates$32M (99.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Centrifuges BY Italy WERE (2022 - 2023):
Russia-$21M (-49.1%)
Denmark-$17.1M (-38%)
Turkey-$14.4M (-8.83%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Centrifuges were:
Germany $14.1B
United States $12.4B
China $11.8B
In 2023, Italy's main importing competitors in Centrifuges were:
United States $14.1B
Germany $7.79B
China $5.08B

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Trade Value of Centrifuges by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $132M
TOP IMPORT POTENTIALChina+ $101M

Centrifuges’s highest export potential is United States. With an export gap of $132M.   Centrifuges’s highest import potential is China with an import gap of $101M.

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