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2022
Exports $58.4MWorld Rnk 2 / 82
Flag Rnk 681 / 1217
2022
Destination $2.4M Belgium
2021 - 2022
FASTEST GROWING MARKET $2.4MFrance
2022
Imports $141MWorld Rnk 1 / 154
Flag Rnk 512 / 1215
2022
Origin $20.3M China
2021 - 2022
FASTEST GROWING ORIGIN $20.3MChina
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $58.4M in Flax Yarn, making it the 2nd largest exporter of Flax Yarn in the world. At the same year, Flax Yarn was the 681st most exported product in Italy. The main destination of Flax Yarn exports from Italy are: Belgium ($9.67M), France ($6.55M), Portugal ($5.21M), Spain ($4.8M), and Czechia ($4.78M).

The fastest growing export markets for Flax Yarn of Italy between 2021 and 2022 were France ($2.4M), Egypt ($1.22M), and Czechia ($1.14M).

Imports In 2022, Italy imported $141M in Flax Yarn, becoming the 1st largest importer of Flax Yarn in the world. At the same year, Flax Yarn was the 512th most imported product in Italy. Italy imports Flax Yarn primarily from: China ($65.5M), Tunisia ($28.6M), Lithuania ($21.6M), India ($6.96M), and Ethiopia ($4.9M).

The fastest growing import markets in Flax Yarn for Italy between 2021 and 2022 were China ($20.3M), Tunisia ($5.87M), and Lithuania ($4.51M).

Latest Trends

March 2024

About

Overview In March 2024 Italy's Flax Yarn exports accounted up to €2.9M and imports accounted up to €7.43M, resulting in a negative trade balance of €4.53M. Between March 2023 and March 2024 the exports of Italy's   Flax Yarn have decreased by €-1.26M (-30.3%) from €4.16M to €2.9M, while imports increased by €493k (7.11%) from €6.94M to €7.43M.

Destinations In March 2024, Flax Yarn were exported mostly to Spain (€807k), Portugal (€530k), Belgium (€447k), Austria (€225k), and Germany (€192k), and were imported mostly from China (€3.26M), Lithuania (€2.58M), Tunisia (€1.56M), Poland (€23.9k), and Germany (€2.11k).

Growth In March 2024, the decrease in Flax Yarn's year-by-year exports was explained primarily by a decrease in exports to Portugal (€-77.6k or -26.5%), Turkey (€-38.2k or -50.1%), and France (€-24.5k or -4.21%). In March 2024, the increase in Flax Yarn's year-by-year imports was explained primarily by an increase in imports from Lithuania (€351k or 19.8%), Tunisia (€38.3k or 1.47%), and Romania (€31.7k or 2.07k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)€-1.26M(-30.3%)
IMPORT GROWTH (March 2023 - March 2024)€493k(7.11%)
MAIN DESTINATION (March 2024)Spain€807k

This section shows Flax Yarn'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 Flax Yarn over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$58.4M
IMPORTS (2022)$141M
NET TRADE (2022)-$82.4M

In 2022, Italy exported $58.4M in Flax Yarn. The main destinations of Italy exports on Flax Yarn were Belgium ($9.67M), France ($6.55M), Portugal ($5.21M), Spain ($4.8M), and Czechia ($4.78M).

In 2022, Italy imported $141M in Flax Yarn, mainly from China ($65.5M), Tunisia ($28.6M), Lithuania ($21.6M), India ($6.96M), and Ethiopia ($4.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Flax Yarn EXPORT MARKETS FOR Italy WERE (2021 - 2022):
France$2.4M (57.9%)
Egypt$1.22M (79.1%)
Czechia$1.14M (31.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Flax Yarn BY Italy WERE (2021 - 2022):
United Kingdom-$1.04M (-52.3%)
Turkey-$1.02M (-39.3%)
Poland-$582k (-30.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Flax Yarn were:
China $312M
Poland $39.1M
In 2022, Italy's main importing competitors in Flax Yarn were:
India $64.6M
Turkey $55.7M

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Trade Value of Flax Yarn by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $610k
TOP IMPORT POTENTIALFrance+ $1.23M

Flax Yarn’s highest export potential is Turkey. With an export gap of $610k.   Flax Yarn’s highest import potential is France with an import gap of $1.23M.

See methodology.

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