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2022
Exports $29.9MWorld Rnk 5 / 114
Flag Rnk 793 / 1217
2022
Destination $715k Spain
2021 - 2022
FASTEST GROWING MARKET $715kTurkey
2022
PRODUCT COMPLEXITY IN Iron Ingots-1.39Rnk 930 / 1025
2022
Imports $188MWorld Rnk 1 / 172
Flag Rnk 449 / 1215
2022
Origin $130M India
2021 - 2022
FASTEST GROWING ORIGIN $130MIndia
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $29.9M in Iron Ingots, making it the 5th largest exporter of Iron Ingots in the world. At the same year, Iron Ingots was the 793rd most exported product in Italy. The main destination of Iron Ingots exports from Italy are: Spain ($17.6M), Tunisia ($2.89M), France ($2.48M), Germany ($1.59M), and Brazil ($1.05M).

The fastest growing export markets for Iron Ingots of Italy between 2021 and 2022 were Turkey ($715k), France ($692k), and Tunisia ($435k).

Imports In 2022, Italy imported $188M in Iron Ingots, becoming the 1st largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 449th most imported product in Italy. Italy imports Iron Ingots primarily from: India ($177M), Poland ($2.91M), Germany ($2.53M), France ($1.64M), and United States ($791k).

The fastest growing import markets in Iron Ingots for Italy between 2021 and 2022 were India ($130M), Germany ($1.56M), and Poland ($1.4M).

COMPANIES In 2023, leading companies such as Valbruna Stainless (2) were at the forefront of shipping Iron Ingots from Italy to the United States.

Latest Trends

September 2024

About

Overview In September 2024 Italy's Iron Ingots exports accounted up to €1.44M and imports accounted up to €476k, resulting in a positive trade balance of €962k. Between September 2023 and September 2024 the exports of Italy's   Iron Ingots have decreased by €-97.6k (-6.35%) from €1.54M to €1.44M, while imports decreased by €-20.8M (-97.8%) from €21.3M to €476k.

Destinations In September 2024, Iron Ingots were exported mostly to Spain (€1.12M), France (€239k), Germany (€33.1k), Switzerland (€20k), and Greece (€556), and were imported mostly from United Kingdom (€115k), Poland (€67.9k), Germany (€47.1k), Hungary (€45.3k), and Spain (€700).

Growth In September 2024, the decrease in Iron Ingots's year-by-year exports was explained primarily by a decrease in exports to Germany (€-62.9k or -82.6%), Slovenia (€-23.6k or -87.1%), and Greece (€-5.3k or -92.1%). In September 2024, the decrease in Iron Ingots's year-by-year imports was explained primarily by a decrease in imports from Indonesia (€-2.6M or -11.7%), Poland (€-331k or -92.6%), and Luxembourg (€-195k or -96%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)€-97.6k(-6.35%)
IMPORT GROWTH (September 2023 - September 2024)€-20.8M(-97.8%)
MAIN DESTINATION (September 2024)Spain€1.12M

This section shows Iron Ingots'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 Iron Ingots over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$29.9M
IMPORTS (2022)$188M
NET TRADE (2022)-$158M

In 2022, Italy exported $29.9M in Iron Ingots. The main destinations of Italy exports on Iron Ingots were Spain ($17.6M), Tunisia ($2.89M), France ($2.48M), Germany ($1.59M), and Brazil ($1.05M).

In 2022, Italy imported $188M in Iron Ingots, mainly from India ($177M), Poland ($2.91M), Germany ($2.53M), France ($1.64M), and United States ($791k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ingots EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Turkey$715k (668%)
France$692k (38.7%)
Tunisia$435k (17.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ingots BY Italy WERE (2021 - 2022):
Spain-$5.31M (-23.2%)
Czechia-$4.66M (-91%)
Romania-$3.21M (-87.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Iron Ingots were:
India $189M
China $107M
Iran $76.9M
In 2022, Italy's main importing competitors in Iron Ingots were:
Guatemala $85.4M
Jordan $69.5M

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Trade Value of Iron Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $564k
TOP IMPORT POTENTIALUnited States+ $842k

Iron Ingots’s highest export potential is Germany. With an export gap of $564k.   Iron Ingots’s highest import potential is United States with an import gap of $842k.

See methodology.

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