Metalworking Machine Parts in Italy | The Observatory of Economic Complexity

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Exports In 2022, Italy exported $1.61B in Metalworking Machine Parts, making it the 4th largest exporter of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 97th most exported product in Italy. The main destination of Metalworking Machine Parts exports from Italy are: Germany ($237M), United States ($235M), France ($107M), Switzerland ($87M), and China ($69.3M).

The fastest growing export markets for Metalworking Machine Parts of Italy between 2021 and 2022 were United States ($17.5M), Turkey ($16.3M), and Switzerland ($14.4M).

Imports In 2022, Italy imported $703M in Metalworking Machine Parts, becoming the 7th largest importer of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 185th most imported product in Italy. Italy imports Metalworking Machine Parts primarily from: Germany ($233M), China ($68.2M), Switzerland ($47.2M), Netherlands ($40.7M), and Belgium ($36.3M).

The fastest growing import markets in Metalworking Machine Parts for Italy between 2021 and 2022 were Poland ($6.81M), China ($6.12M), and Germany ($4.75M).

COMPANIES In 2023, leading companies such as ROBERT BOSCH TOOL CORPORATION (1.47k) and IKEA SUPPLY AG (592) were at the forefront of shipping Metalworking Machine Parts from Italy to the United States.

Latest Trends

December 2023

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Overview In December 2023 Italy's Metalworking Machine Parts exports accounted up to €116M and imports accounted up to €50.6M, resulting in a positive trade balance of €65.7M. Between December 2022 and December 2023 the exports of Italy's Metalworking Machine Parts have decreased by €-25.1M (-17.8%) from €141M to €116M, while imports decreased by €-10.1M (-16.7%) from €60.7M to €50.6M.

Destinations In December 2023, Metalworking Machine Parts were exported mostly to United States (€18.1M), Germany (€16.4M), France (€9.98M), China (€7.09M), and Spain (€6.38M), and were imported mostly from Germany (€22.8M), Netherlands (€3.99M), China (€3.2M), Switzerland (€2.49M), and United States (€2.35M).

Growth In December 2023, the decrease in Metalworking Machine Parts's year-by-year exports was explained primarily by a decrease in exports to Mexico (€-1.73M or -56.6%), Russia (€-1.5M or -95%), and Japan (€-776k or -56.8%). In December 2023, the decrease in Metalworking Machine Parts's year-by-year imports was explained primarily by a decrease in imports from Taiwan (€-1.18M or -51.1%), China (€-974k or -18.1%), and United States (€-351k or -16.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)€-25.1M(-17.8%)

IMPORT GROWTH (December 2022 - December 2023)€-10.1M(-16.7%)

MAIN DESTINATION (December 2023)United States€18.1M

This section shows Metalworking Machine Parts'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 Metalworking Machine Parts over time.

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