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Pricing

2022
Exports $894MWorld Rnk 15 / 185
Flag Rnk 159 / 1217
2022
Destination $32.6M United States
2021 - 2022
FASTEST GROWING MARKET $32.6MUnited States
2022
PRODUCT COMPLEXITY IN Large Construction Vehicles0.88Rnk 219 / 1025
2022
Imports $1.47BWorld Rnk 11 / 222
Flag Rnk 90 / 1215
2022
Origin $101M Belgium
2021 - 2022
FASTEST GROWING ORIGIN $101MChina
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $894M in Large Construction Vehicles, making it the 15th largest exporter of Large Construction Vehicles in the world. At the same year, Large Construction Vehicles was the 159th most exported product in Italy. The main destination of Large Construction Vehicles exports from Italy are: United States ($116M), Germany ($111M), France ($88.2M), United Kingdom ($58.4M), and Spain ($27.2M).

The fastest growing export markets for Large Construction Vehicles of Italy between 2021 and 2022 were United States ($32.6M), Germany ($10.5M), and Czechia ($9.18M).

Imports In 2018, Italy imported $1.47B in Large Construction Vehicles, becoming the 11th largest importer of Large Construction Vehicles in the world. At the same year, Large Construction Vehicles was the 90th most imported product in Italy. Italy imports Large Construction Vehicles primarily from: Belgium ($236M), Netherlands ($199M), China ($197M), Japan ($141M), and France ($131M).

The fastest growing import markets in Large Construction Vehicles for Italy between 2021 and 2022 were China ($101M), Japan ($30.7M), and Czechia ($18.2M).

COMPANIES In 2023, leading companies such as John Deere (96), CNH Industrial (3), and Giorgio Armani (1) were at the forefront of shipping Large Construction Vehicles from Italy to the United States.

Latest Trends

March 2024

About

Overview In March 2024 Italy's Large Construction Vehicles exports accounted up to €88.7M and imports accounted up to €103M, resulting in a negative trade balance of €14.3M. Between March 2023 and March 2024 the exports of Italy's   Large Construction Vehicles have decreased by €-31.4M (-26.1%) from €120M to €88.7M, while imports decreased by €-46.2M (-30.9%) from €149M to €103M.

Destinations In March 2024, Large Construction Vehicles were exported mostly to United States (€32.6M), Germany (€9.37M), United Kingdom (€6.64M), France (€6.45M), and Austria (€3.78M), and were imported mostly from Netherlands (€20.8M), Belgium (€19.7M), Germany (€10.2M), China (€9.71M), and France (€8.82M).

Growth In March 2024, the decrease in Large Construction Vehicles's year-by-year exports was explained primarily by a decrease in exports to Chile (€-770k or -93.7%), Egypt (€-770k or -85.6%), and Hungary (€-617k or -68.1%). In March 2024, the decrease in Large Construction Vehicles's year-by-year imports was explained primarily by a decrease in imports from United Kingdom (€-1.51M or -17.4%), Germany (€-738k or -11.2%), and Finland (€-724k or -76.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)€-31.4M(-26.1%)
IMPORT GROWTH (March 2023 - March 2024)€-46.2M(-30.9%)
MAIN DESTINATION (March 2024)United States€32.6M

This section shows Large Construction Vehicles'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 Large Construction Vehicles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$894M
IMPORTS (2022)$1.47B
NET TRADE (2022)-$576M

In 2022, Italy exported $894M in Large Construction Vehicles. The main destinations of Italy exports on Large Construction Vehicles were United States ($116M), Germany ($111M), France ($88.2M), United Kingdom ($58.4M), and Spain ($27.2M).

In 2022, Italy imported $1.47B in Large Construction Vehicles, mainly from Belgium ($236M), Netherlands ($199M), China ($197M), Japan ($141M), and France ($131M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Large Construction Vehicles EXPORT MARKETS FOR Italy WERE (2021 - 2022):
United States$32.6M (39%)
Germany$10.5M (10.5%)
Czechia$9.18M (54.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Large Construction Vehicles BY Italy WERE (2021 - 2022):
Russia-$25.4M (-93.4%)
France-$18.2M (-17.1%)
Denmark-$5.15M (-17.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Italy's main exporting competitors in Large Construction Vehicles were:
China $14.3B
Japan $13B
United States $5.24B
In 2022, Italy's main importing competitors in Large Construction Vehicles were:
United States $10.7B
Canada $4.04B
Australia $2.75B

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Trade Value of Large Construction Vehicles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $59.8M
TOP IMPORT POTENTIALChina+ $94.1M

Large Construction Vehicles’s highest export potential is United States. With an export gap of $59.8M.   Large Construction Vehicles’s highest import potential is China with an import gap of $94.1M.

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