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2022
Exports $3.98BWorld Rnk 7 / 223
Flag Rnk 30 / 1217
falsefalse Germany
2022
PRODUCT COMPLEXITY IN Electrical Transformers0.65Rnk 294 / 1025
2022
Imports $3.88BWorld Rnk 8 / 225
Flag Rnk 20 / 1215
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $3.98B in Electrical Transformers, making it the 7th largest exporter of Electrical Transformers in the world. At the same year, Electrical Transformers was the 30th most exported product in Italy. The main destination of Electrical Transformers exports from Italy are: Germany ($547M), United States ($524M), France ($345M), Spain ($237M), and United Kingdom ($199M).

Imports In 2022, Italy imported $3.88B in Electrical Transformers, becoming the 8th largest importer of Electrical Transformers in the world. At the same year, Electrical Transformers was the 20th most imported product in Italy. Italy imports Electrical Transformers primarily from: China ($1.02B), Germany ($927M), Netherlands ($297M), Austria ($161M), and Thailand ($147M).

COMPANIES In 2023, leading companies such as ABB Motors and Mechanical (63), Robert Bosch (6), and Danfoss (5) were at the forefront of shipping Electrical Transformers from Italy to the United States.

Latest Trends

September 2024

About

Overview In September 2024 Italy's Electrical Transformers exports accounted up to €399M and imports accounted up to €298M, resulting in a positive trade balance of €101M. Between September 2023 and September 2024 the exports of Italy's   Electrical Transformers have decreased by €-37.5M (-8.59%) from €437M to €399M, while imports decreased by €-19.9M (-6.27%) from €318M to €298M.

Destinations In September 2024, Electrical Transformers were exported mostly to United States (€73.3M), Germany (€69.4M), France (€31M), Spain (€27.8M), and United Kingdom (€16.3M), and were imported mostly from Germany (€98.5M), China (€62.9M), Netherlands (€21.2M), Turkey (€12.4M), and France (€8.57M).

Growth In September 2024, the decrease in Electrical Transformers's year-by-year exports was explained primarily by a decrease in exports to Australia (€-4.63M or -73.6%), Chile (€-1.31M or -50%), and Denmark (€-955k or -49.5%). In September 2024, the decrease in Electrical Transformers's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei (€-1.11M or -37.8%), Norway (€-199k or -65.8%), and Vietnam (€-23.9k or -9.68%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)€-37.5M(-8.59%)
IMPORT GROWTH (September 2023 - September 2024)€-19.9M(-6.27%)
MAIN DESTINATION (September 2024)United States€73.3M

This section shows Electrical Transformers'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 Electrical Transformers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.98B
IMPORTS (2022)$3.88B
NET TRADE (2022)$100M

In 2022, Italy exported $3.98B in Electrical Transformers. The main destinations of Italy exports on Electrical Transformers were Germany ($547M), United States ($524M), France ($345M), Spain ($237M), and United Kingdom ($199M).

In 2022, Italy imported $3.88B in Electrical Transformers, mainly from China ($1.02B), Germany ($927M), Netherlands ($297M), Austria ($161M), and Thailand ($147M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Electrical Transformers were:
China $54.1B
Germany $12.2B
United States $6.63B
In 2022, Italy's main importing competitors in Electrical Transformers were:
United States $23.5B
Germany $12.4B
China $9.37B

Explore Visualizations

Trade Value of Electrical Transformers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $214M
TOP IMPORT POTENTIALChina+ $300M

Electrical Transformers’s highest export potential is United States. With an export gap of $214M.   Electrical Transformers’s highest import potential is China with an import gap of $300M.

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