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2022
Exports $11.3BWorld Rnk 3 / 224
Flag Rnk 15 / 96
2022
Destination $308M France
2021 - 2022
FASTEST GROWING MARKET $308MUnited States
2022
PRODUCT COMPLEXITY IN Leather articles-0.063Rnk 569 / 1025
2022
Imports $4.15BWorld Rnk 6 / 225
Flag Rnk 27 / 96
2022
Origin $274M China
2021 - 2022
FASTEST GROWING ORIGIN $274MChina
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $11.3B in Leather articles, making it the 3rd largest exporter of Leather articles in the world. At the same year, Leather articles was the 15th most exported product in Italy. The main destination of Leather articles exports from Italy are: France ($1.66B), United States ($1.45B), South Korea ($1.16B), Switzerland ($958M), and China ($899M).

The fastest growing export markets for Leather articles of Italy between 2021 and 2022 were United States ($308M), France ($278M), and South Korea ($170M).

Imports In 2022, Italy imported $4.15B in Leather articles, becoming the 6th largest importer of Leather articles in the world. At the same year, Leather articles was the 27th most imported product in Italy. Italy imports Leather articles primarily from: China ($1.22B), France ($953M), Switzerland ($182M), Netherlands ($179M), and Germany ($177M).

The fastest growing import markets in Leather articles for Italy between 2021 and 2022 were China ($274M), France ($81.9M), and India ($39.2M).

COMPANIES In 2023, leading companies such as Banana Republic (6), Guess Clothing (4), and Giorgio Armani (4) were at the forefront of shipping Leather articles from Italy to the United States.

Latest Trends

March 2024

About

Overview In March 2024 Italy's Leather articles exports accounted up to €858M and imports accounted up to €297M, resulting in a positive trade balance of €561M. Between March 2023 and March 2024 the exports of Italy's   Leather articles have decreased by €-222M (-20.5%) from €1.08B to €858M, while imports decreased by €-10.2M (-3.32%) from €307M to €297M.

Destinations In March 2024, Leather articles were exported mostly to France (€149M), United States (€107M), South Korea (€82M), Japan (€78.9M), and China (€74.6M), and were imported mostly from China (€88.9M), France (€86M), Germany (€17.9M), Netherlands (€15.2M), and Spain (€14.9M).

Growth In March 2024, the decrease in Leather articles's year-by-year exports was explained primarily by a decrease in exports to South Korea (€-7.35M or -8.69%), Russia (€-4.72M or -35.6%), and Macau (€-2.07M or -31.9%). In March 2024, the decrease in Leather articles's year-by-year imports was explained primarily by a decrease in imports from China (€-18.7M or -18.4%), Vietnam (€-1.42M or -16.4%), and Switzerland (€-1.3M or -7.23%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)€-222M(-20.5%)
IMPORT GROWTH (March 2023 - March 2024)€-10.2M(-3.32%)
MAIN DESTINATION (March 2024)France€149M

This section shows Leather articles'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 Leather articles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$11.3B
IMPORTS (2022)$4.15B
NET TRADE (2022)$7.19B

In 2022, Italy exported $11.3B in Leather articles. The main destinations of Italy exports on Leather articles were France ($1.66B), United States ($1.45B), South Korea ($1.16B), Switzerland ($958M), and China ($899M).

In 2022, Italy imported $4.15B in Leather articles, mainly from China ($1.22B), France ($953M), Switzerland ($182M), Netherlands ($179M), and Germany ($177M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Leather articles EXPORT MARKETS FOR Italy WERE (2021 - 2022):
United States$308M (26.9%)
France$278M (20.1%)
South Korea$170M (17.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Leather articles BY Italy WERE (2021 - 2022):
Switzerland-$90.1M (-8.6%)
Hong Kong-$59.1M (-12%)
Russia-$59M (-40.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Leather articles were:
China $36.3B
France $12.5B
In 2022, Italy's main importing competitors in Leather articles were:
United States $17.2B
Germany $5.8B
Japan $5.41B

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Trade Value of Leather articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $182M
TOP IMPORT POTENTIALFrance+ $166M

Leather articles’s highest export potential is United States. With an export gap of $182M.   Leather articles’s highest import potential is France with an import gap of $166M.

See methodology.

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