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2023
Exports $1BWorld Rnk 6 / 212
Flag Rnk 143 / 1216
2023
Destination $9.93M Germany
2022 - 2023
FASTEST GROWING MARKET $9.93MMexico
2023
PRODUCT COMPLEXITY IN Interchangeable Tool Parts1.77Rnk 16 / 1025
2023
Imports $690MWorld Rnk 7 / 223
Flag Rnk 189 / 1213
2023
Origin $63.3M Germany
2022 - 2023
FASTEST GROWING ORIGIN $63.3MGermany
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $1B in Interchangeable Tool Parts, making it the 6th largest exporter of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 143rd most exported product in Italy. The main destination of Interchangeable Tool Parts exports from Italy are: Germany ($182M), United States ($104M), France ($53.5M), Austria ($50.5M), and Spain ($48.9M).

The fastest growing export markets for Interchangeable Tool Parts of Italy between 2022 and 2023 were Mexico ($9.93M), Turkey ($7.24M), and Hungary ($6.61M).

Imports In 2023, Italy imported $690M in Interchangeable Tool Parts, becoming the 7th largest importer of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 189th most imported product in Italy. Italy imports Interchangeable Tool Parts primarily from: Germany ($328M), China ($67.3M), Netherlands ($37.7M), Austria ($28.4M), and Belgium ($21.4M).

The fastest growing import markets in Interchangeable Tool Parts for Italy between 2022 and 2023 were Germany ($63.3M), Netherlands ($9.57M), and Japan ($5.56M).

COMPANIES In 2023, leading companies such as Robert Bosch (5), Electrolux (1), and Goodyear Tire and Rubber (1) were at the forefront of shipping Interchangeable Tool Parts from Italy to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Italy's Interchangeable Tool Parts exports accounted up to €79.8M and imports accounted up to €47.5M, resulting in a positive trade balance of €32.3M. Between October 2023 and October 2024 the exports of Italy's   Interchangeable Tool Parts have decreased by €-2.02M (-2.47%) from €81.8M to €79.8M, while imports increased by €1.12M (2.41%) from €46.4M to €47.5M.

Destinations In October 2024, Interchangeable Tool Parts were exported mostly to Germany (€20M), United States (€7.77M), France (€5.99M), Spain (€5.72M), and Hungary (€4.56M), and were imported mostly from Germany (€23.8M), China (€7.41M), Netherlands (€4.27M), Austria (€2.46M), and France (€1.98M).

Growth In October 2024, the decrease in Interchangeable Tool Parts's year-by-year exports was explained primarily by a decrease in exports to Germany (€-3.09M or -14.8%), China (€-726k or -55.9%), and Netherlands (€-429k or -11%). In October 2024, the increase in Interchangeable Tool Parts's year-by-year imports was explained primarily by an increase in imports from Germany (€5.08M or 26.5%), Spain (€1.1M or 141%), and Ireland (€591k or 81.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€-2.02M(-2.47%)
IMPORT GROWTH (October 2023 - October 2024)€1.12M(2.41%)
MAIN DESTINATION (October 2024)Germany€20M

This section shows Interchangeable Tool Parts'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 Interchangeable Tool Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1B
IMPORTS (2023)$690M
NET TRADE (2023)$312M

In 2023, Italy exported $1B in Interchangeable Tool Parts. The main destinations of Italy exports on Interchangeable Tool Parts were Germany ($182M), United States ($104M), France ($53.5M), Austria ($50.5M), and Spain ($48.9M).

In 2023, Italy imported $690M in Interchangeable Tool Parts, mainly from Germany ($328M), China ($67.3M), Netherlands ($37.7M), Austria ($28.4M), and Belgium ($21.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Interchangeable Tool Parts EXPORT MARKETS FOR Italy WERE (2022 - 2023):
Mexico$9.93M (46.2%)
Turkey$7.24M (20.2%)
Hungary$6.61M (72.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Interchangeable Tool Parts BY Italy WERE (2022 - 2023):
Canada-$2.89M (-25.3%)
South Korea-$2.64M (-56.1%)
Belgium-$2.15M (-10.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Interchangeable Tool Parts were:
China $4.99B
Germany $4.03B
United States $1.99B
In 2023, Italy's main importing competitors in Interchangeable Tool Parts were:
United States $3.05B
Germany $2.21B
Mexico $1.66B

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Trade Value of Interchangeable Tool Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $38.2M
TOP IMPORT POTENTIALChina+ $31.8M

Interchangeable Tool Parts’s highest export potential is United States. With an export gap of $38.2M.   Interchangeable Tool Parts’s highest import potential is China with an import gap of $31.8M.

See methodology.

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