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2022
Exports $200MWorld Rnk 4 / 92
Flag Rnk 425 / 1217
2022
Destination $13.3M Turkey
2021 - 2022
FASTEST GROWING MARKET $13.3MIndia
2022
PRODUCT COMPLEXITY IN Looms0.9Rnk 209 / 1025
2022
Imports $28.4MWorld Rnk 12 / 159
Flag Rnk 851 / 1215
2022
Origin $4.38M Belgium
2021 - 2022
FASTEST GROWING ORIGIN $4.38MBelgium
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $200M in Looms, making it the 4th largest exporter of Looms in the world. At the same year, Looms was the 425th most exported product in Italy. The main destination of Looms exports from Italy are: Turkey ($53.4M), India ($45.8M), China ($14.4M), United States ($10.5M), and Vietnam ($6.45M).

The fastest growing export markets for Looms of Italy between 2021 and 2022 were India ($13.3M), United States ($7.91M), and Argentina ($3.88M).

Imports In 2022, Italy imported $28.4M in Looms, becoming the 12th largest importer of Looms in the world. At the same year, Looms was the 851st most imported product in Italy. Italy imports Looms primarily from: Belgium ($14M), Germany ($5.2M), Switzerland ($5M), Japan ($1.49M), and China ($1.08M).

The fastest growing import markets in Looms for Italy between 2021 and 2022 were Belgium ($4.38M), Switzerland ($1.93M), and Germany ($1.43M).

Latest Trends

August 2024

About

Overview In August 2024 Italy's Looms exports accounted up to €10M and imports accounted up to €165k, resulting in a positive trade balance of €9.85M. Between August 2023 and August 2024 the exports of Italy's   Looms have increased by €7.09M (243%) from €2.92M to €10M, while imports decreased by €-64.7k (-28.1%) from €230k to €165k.

Destinations In August 2024, Looms were exported mostly to Indonesia (€3.5M), Egypt (€2.42M), Turkey (€1.99M), United States (€1.04M), and Morocco (€494k), and were imported mostly from China (€162k) and Turkey (€3.22k).

Growth In August 2024, the increase in Looms's year-by-year exports was explained primarily by an increase in exports to Indonesia (€1.15M or 52.9%) and Brazil (€436k or 679%). In August 2024, the decrease in Looms's year-by-year imports was explained primarily by a decrease in imports from Germany (€-209k or -100%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€7.09M(243%)
IMPORT GROWTH (August 2023 - August 2024)€-64.7k(-28.1%)
MAIN DESTINATION (August 2024)Indonesia€3.5M

This section shows Looms'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 Looms over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$200M
IMPORTS (2022)$28.4M
NET TRADE (2022)$172M

In 2022, Italy exported $200M in Looms. The main destinations of Italy exports on Looms were Turkey ($53.4M), India ($45.8M), China ($14.4M), United States ($10.5M), and Vietnam ($6.45M).

In 2022, Italy imported $28.4M in Looms, mainly from Belgium ($14M), Germany ($5.2M), Switzerland ($5M), Japan ($1.49M), and China ($1.08M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Looms EXPORT MARKETS FOR Italy WERE (2021 - 2022):
India$13.3M (41%)
United States$7.91M (307%)
Argentina$3.88M (288%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Looms BY Italy WERE (2021 - 2022):
Turkey-$18.4M (-25.7%)
Egypt-$7.45M (-85.4%)
Pakistan-$4.59M (-91.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Looms were:
Belgium $706M
China $609M
Japan $358M
In 2022, Italy's main importing competitors in Looms were:
India $694M
Turkey $290M
China $284M

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Trade Value of Looms by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $4.35M
TOP IMPORT POTENTIALChina+ $1.12M

Looms’s highest export potential is China. With an export gap of $4.35M.   Looms’s highest import potential is China with an import gap of $1.12M.

See methodology.

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