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2023
Exports $212MWorld Rnk 30 / 126
Flag Rnk 402 / 1216
2023
Destination $857k Germany
2022 - 2023
FASTEST GROWING MARKET $857kCroatia
2023
PRODUCT COMPLEXITY IN Ferroalloys-1.33Rnk 905 / 1025
2023
Imports $1.66BWorld Rnk 6 / 171
Flag Rnk 84 / 1213
2023
Origin $23.3M Netherlands
2022 - 2023
FASTEST GROWING ORIGIN $23.3MSouth Korea
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $212M in Ferroalloys, making it the 30th largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 402nd most exported product in Italy. The main destination of Ferroalloys exports from Italy are: Germany ($54.5M), Austria ($34.1M), France ($34M), Romania ($16.2M), and Greece ($7.38M).

The fastest growing export markets for Ferroalloys of Italy between 2022 and 2023 were Croatia ($857k), Morocco ($590k), and United Kingdom ($401k).

Imports In 2023, Italy imported $1.66B in Ferroalloys, becoming the 6th largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 84th most imported product in Italy. Italy imports Ferroalloys primarily from: Netherlands ($402M), India ($243M), South Africa ($138M), Brazil ($125M), and Kazakhstan ($101M).

The fastest growing import markets in Ferroalloys for Italy between 2022 and 2023 were South Korea ($23.3M), Austria ($21M), and South Africa ($19.9M).

COMPANIES In 2023, leading companies such as LG Electronics (1) were at the forefront of shipping Ferroalloys from Italy to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Italy's Ferroalloys exports accounted up to €15.2M and imports accounted up to €68.9M, resulting in a negative trade balance of €53.7M. Between October 2023 and October 2024 the exports of Italy's   Ferroalloys have decreased by €-4.79M (-23.9%) from €20M to €15.2M, while imports decreased by €-23.5M (-25.4%) from €92.4M to €68.9M.

Destinations In October 2024, Ferroalloys were exported mostly to France (€2.55M), Netherlands (€2.52M), Slovenia (€1.75M), Germany (€1.58M), and Austria (€1.57M), and were imported mostly from Indonesia (€14.3M), Netherlands (€13.8M), Brazil (€7.92M), South Korea (€5.78M), and Austria (€4.49M).

Growth In October 2024, the decrease in Ferroalloys's year-by-year exports was explained primarily by a decrease in exports to Germany (€-8.36M or -50.3%), France (€-1.9M or -45.1%), and Czechia (€-552k or -27.5%). In October 2024, the decrease in Ferroalloys's year-by-year imports was explained primarily by a decrease in imports from Ukraine (€-7.42M or -67.3%), France (€-3.24M or -74.1%), and Zambia (€-2.11M or -45.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€-4.79M(-23.9%)
IMPORT GROWTH (October 2023 - October 2024)€-23.5M(-25.4%)
MAIN DESTINATION (October 2024)France€2.55M

This section shows Ferroalloys'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 Ferroalloys over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$212M
IMPORTS (2023)$1.66B
NET TRADE (2023)-$1.45B

In 2023, Italy exported $212M in Ferroalloys. The main destinations of Italy exports on Ferroalloys were Germany ($54.5M), Austria ($34.1M), France ($34M), Romania ($16.2M), and Greece ($7.38M).

In 2023, Italy imported $1.66B in Ferroalloys, mainly from Netherlands ($402M), India ($243M), South Africa ($138M), Brazil ($125M), and Kazakhstan ($101M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ferroalloys EXPORT MARKETS FOR Italy WERE (2022 - 2023):
Croatia$857k (16.2%)
Morocco$590k (1%)
United Kingdom$401k (1.9k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ferroalloys BY Italy WERE (2022 - 2023):
Germany-$60.2M (-52.5%)
France-$29.4M (-46.3%)
Czechia-$11.1M (-69.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Ferroalloys were:
Indonesia $14.8B
South Africa $5.33B
Brazil $4.25B
In 2023, Italy's main importing competitors in Ferroalloys were:
China $21.1B
United States $2.99B
Netherlands $2.49B

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Trade Value of Ferroalloys by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $14.2M
TOP IMPORT POTENTIALKazakhstan+ $64.8M

Ferroalloys’s highest export potential is France. With an export gap of $14.2M.   Ferroalloys’s highest import potential is Kazakhstan with an import gap of $64.8M.

See methodology.

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