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2023
Exports $660MWorld Rnk 8 / 115
Flag Rnk 203 / 1216
2023
Destination $58.4M United States
2022 - 2023
FASTEST GROWING MARKET $58.4MUnited States
2023
PRODUCT COMPLEXITY IN Hormones0.83Rnk 237 / 1025
2023
Imports $6.45BWorld Rnk 2 / 194
Flag Rnk 11 / 1213
2023
Origin $1.76B United States
2022 - 2023
FASTEST GROWING ORIGIN $1.76BIreland
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $660M in Hormones, making it the 8th largest exporter of Hormones in the world. At the same year, Hormones was the 203rd most exported product in Italy. The main destination of Hormones exports from Italy are: United States ($169M), Spain ($66.2M), Switzerland ($62.8M), Brazil ($48.9M), and India ($35.4M).

The fastest growing export markets for Hormones of Italy between 2022 and 2023 were United States ($58.4M), Switzerland ($19.5M), and Japan ($8.32M).

Imports In 2023, Italy imported $6.45B in Hormones, becoming the 2nd largest importer of Hormones in the world. At the same year, Hormones was the 11th most imported product in Italy. Italy imports Hormones primarily from: United States ($3.03B), Ireland ($2.35B), Switzerland ($345M), Belgium ($326M), and China ($157M).

The fastest growing import markets in Hormones for Italy between 2022 and 2023 were Ireland ($1.76B), United States ($1.48B), and Belgium ($138M).

Latest Trends

October 2024

About

Overview In October 2024 Italy's Hormones exports accounted up to €39.9M and imports accounted up to €741M, resulting in a negative trade balance of €701M. Between October 2023 and October 2024 the exports of Italy's   Hormones have increased by €3.54M (9.74%) from €36.4M to €39.9M, while imports increased by €148M (24.9%) from €593M to €741M.

Destinations In October 2024, Hormones were exported mostly to Switzerland (€8.49M), United States (€6.55M), Spain (€6.06M), Indonesia (€3.77M), and Brazil (€3.48M), and were imported mostly from United States (€422M), Ireland (€203M), Belgium (€75.6M), Switzerland (€14.8M), and China (€12.4M).

Growth In October 2024, the increase in Hormones's year-by-year exports was explained primarily by an increase in exports to United States (€1.55M or 77.4%), Germany (€1.02M or 47.2%), and Ireland (€979k or 1.56k%). In October 2024, the increase in Hormones's year-by-year imports was explained primarily by an increase in imports from Ireland (€207M or 2.31k%), United States (€89.7M or 103%), and China (€1.09M or 7.11%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€3.54M(9.74%)
IMPORT GROWTH (October 2023 - October 2024)€148M(24.9%)
MAIN DESTINATION (October 2024)Switzerland€8.49M

This section shows Hormones'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 Hormones over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$660M
IMPORTS (2023)$6.45B
NET TRADE (2023)-$5.79B

In 2023, Italy exported $660M in Hormones. The main destinations of Italy exports on Hormones were United States ($169M), Spain ($66.2M), Switzerland ($62.8M), Brazil ($48.9M), and India ($35.4M).

In 2023, Italy imported $6.45B in Hormones, mainly from United States ($3.03B), Ireland ($2.35B), Switzerland ($345M), Belgium ($326M), and China ($157M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hormones EXPORT MARKETS FOR Italy WERE (2022 - 2023):
United States$58.4M (53%)
Switzerland$19.5M (45%)
Japan$8.32M (37.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hormones BY Italy WERE (2022 - 2023):
Colombia-$10.1M (-77.2%)
Iran-$5.33M (-51.9%)
Croatia-$3.79M (-34.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Hormones were:
Ireland $11.3B
United States $6B
Switzerland $3.51B
In 2023, Italy's main importing competitors in Hormones were:
United States $9.54B
Austria $3.6B

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Trade Value of Hormones by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $29.6M
TOP IMPORT POTENTIALSwitzerland+ $34.7M

Hormones’s highest export potential is United States. With an export gap of $29.6M.   Hormones’s highest import potential is Switzerland with an import gap of $34.7M.

See methodology.

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