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2022
Exports $423MWorld Rnk 2 / 144
Flag Rnk 269 / 1217
2022
Destination $5.39M France
2021 - 2022
FASTEST GROWING MARKET $5.39MFrance
2022
PRODUCT COMPLEXITY IN Liquid Fuel Furnaces1.17Rnk 112 / 1025
2022
Imports $78.2MWorld Rnk 9 / 209
Flag Rnk 651 / 1215
2022
Origin $1.86M Germany
2021 - 2022
FASTEST GROWING ORIGIN $1.86MAustria
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $423M in Liquid Fuel Furnaces, making it the 2nd largest exporter of Liquid Fuel Furnaces in the world. At the same year, Liquid Fuel Furnaces was the 269th most exported product in Italy. The main destination of Liquid Fuel Furnaces exports from Italy are: France ($58.5M), China ($42.9M), Turkey ($35.7M), Germany ($25.1M), and United Kingdom ($20.5M).

The fastest growing export markets for Liquid Fuel Furnaces of Italy between 2021 and 2022 were France ($5.39M), Turkey ($4.74M), and Libya ($4.1M).

Imports In 2022, Italy imported $78.2M in Liquid Fuel Furnaces, becoming the 9th largest importer of Liquid Fuel Furnaces in the world. At the same year, Liquid Fuel Furnaces was the 651st most imported product in Italy. Italy imports Liquid Fuel Furnaces primarily from: Germany ($33.1M), China ($9.89M), France ($6.3M), Denmark ($5.52M), and Austria ($4.96M).

The fastest growing import markets in Liquid Fuel Furnaces for Italy between 2021 and 2022 were Austria ($1.86M), China ($1.14M), and Denmark ($983k).

Latest Trends

August 2024

About

Overview In August 2024 Italy's Liquid Fuel Furnaces exports accounted up to €21M and imports accounted up to €3.98M, resulting in a positive trade balance of €17M. Between August 2023 and August 2024 the exports of Italy's   Liquid Fuel Furnaces have increased by €2.12M (11.2%) from €18.9M to €21M, while imports decreased by €-632k (-13.7%) from €4.61M to €3.98M.

Destinations In August 2024, Liquid Fuel Furnaces were exported mostly to Turkey (€2.82M), France (€2.55M), China (€1.89M), Ireland (€1.33M), and United Kingdom (€1.15M), and were imported mostly from Germany (€2.19M), United States (€626k), France (€324k), China (€281k), and Austria (€200k).

Growth In August 2024, the increase in Liquid Fuel Furnaces's year-by-year exports was explained primarily by an increase in exports to Turkey (€1.41M or 111%), Ireland (€895k or 191%), and Germany (€620k or 37.7%). In August 2024, the decrease in Liquid Fuel Furnaces's year-by-year imports was explained primarily by a decrease in imports from China (€-683k or -69.8%), Belgium (€-304k or -95.3%), and Netherlands (€-127k or -33.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€2.12M(11.2%)
IMPORT GROWTH (August 2023 - August 2024)€-632k(-13.7%)
MAIN DESTINATION (August 2024)Turkey€2.82M

This section shows Liquid Fuel Furnaces'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 Liquid Fuel Furnaces over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$423M
IMPORTS (2022)$78.2M
NET TRADE (2022)$344M

In 2022, Italy exported $423M in Liquid Fuel Furnaces. The main destinations of Italy exports on Liquid Fuel Furnaces were France ($58.5M), China ($42.9M), Turkey ($35.7M), Germany ($25.1M), and United Kingdom ($20.5M).

In 2022, Italy imported $78.2M in Liquid Fuel Furnaces, mainly from Germany ($33.1M), China ($9.89M), France ($6.3M), Denmark ($5.52M), and Austria ($4.96M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Liquid Fuel Furnaces EXPORT MARKETS FOR Italy WERE (2021 - 2022):
France$5.39M (10.2%)
Turkey$4.74M (15.3%)
Libya$4.1M (873%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Liquid Fuel Furnaces BY Italy WERE (2021 - 2022):
Russia-$25.6M (-60.3%)
China-$13.8M (-24.4%)
Ireland-$8.99M (-43.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Liquid Fuel Furnaces were:
Germany $567M
China $272M
In 2022, Italy's main importing competitors in Liquid Fuel Furnaces were:
United States $219M
Germany $178M
China $138M

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Trade Value of Liquid Fuel Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.55M
TOP IMPORT POTENTIALChina+ $2.12M

Liquid Fuel Furnaces’s highest export potential is United States. With an export gap of $5.55M.   Liquid Fuel Furnaces’s highest import potential is China with an import gap of $2.12M.

See methodology.

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