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2022
Exports $169MWorld Rnk 5 / 160
Flag Rnk 463 / 1217
2022
Destination $2.85M United States
2021 - 2022
FASTEST GROWING MARKET $2.85MChinese Taipei
2022
PRODUCT COMPLEXITY IN Metalworking Machines1.92Rnk 9 / 1025
2022
Imports $89.5MWorld Rnk 5 / 212
Flag Rnk 614 / 1215
2022
Origin $9.39M Germany
2021 - 2022
FASTEST GROWING ORIGIN $9.39MGermany
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $169M in Metalworking Machines, making it the 5th largest exporter of Metalworking Machines in the world. At the same year, Metalworking Machines was the 463rd most exported product in Italy. The main destination of Metalworking Machines exports from Italy are: United States ($22M), Germany ($17M), France ($14.8M), China ($10.3M), and Spain ($9.93M).

The fastest growing export markets for Metalworking Machines of Italy between 2021 and 2022 were Chinese Taipei ($2.85M), China ($2.42M), and Netherlands ($1.83M).

Imports In 2022, Italy imported $89.5M in Metalworking Machines, becoming the 5th largest importer of Metalworking Machines in the world. At the same year, Metalworking Machines was the 614th most imported product in Italy. Italy imports Metalworking Machines primarily from: Germany ($50.5M), Switzerland ($11.7M), China ($6.24M), Chinese Taipei ($5.83M), and United States ($4.85M).

The fastest growing import markets in Metalworking Machines for Italy between 2021 and 2022 were Germany ($9.39M), United States ($2.39M), and Switzerland ($1.76M).

COMPANIES In 2023, leading companies such as John Deere (6) were at the forefront of shipping Metalworking Machines from Italy to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Italy's Metalworking Machines exports accounted up to €12M and imports accounted up to €1.18M, resulting in a positive trade balance of €10.8M. Between August 2023 and August 2024 the exports of Italy's   Metalworking Machines have increased by €107k (0.9%) from €11.9M to €12M, while imports decreased by €-2.45M (-67.6%) from €3.63M to €1.18M.

Destinations In August 2024, Metalworking Machines were exported mostly to Indonesia (€3.44M), United States (€2.85M), Germany (€1.61M), Turkey (€1M), and Mexico (€781k), and were imported mostly from Germany (€547k), China (€349k), Chinese Taipei (€262k), Netherlands (€16k), and Belgium (€1.28k).

Growth In August 2024, the increase in Metalworking Machines's year-by-year exports was explained primarily by an increase in exports to Germany (€1.54M or 209%), France (€746k or 81.2%), and Turkey (€648k or 462%). In August 2024, the decrease in Metalworking Machines's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei (€-136k or -50.2%), China (€-79.2k or -25.2%), and Netherlands (€-1.01k or -81.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€107k(0.9%)
IMPORT GROWTH (August 2023 - August 2024)€-2.45M(-67.6%)
MAIN DESTINATION (August 2024)Indonesia€3.44M

This section shows Metalworking Machines'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 Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$169M
IMPORTS (2022)$89.5M
NET TRADE (2022)$79.7M

In 2022, Italy exported $169M in Metalworking Machines. The main destinations of Italy exports on Metalworking Machines were United States ($22M), Germany ($17M), France ($14.8M), China ($10.3M), and Spain ($9.93M).

In 2022, Italy imported $89.5M in Metalworking Machines, mainly from Germany ($50.5M), Switzerland ($11.7M), China ($6.24M), Chinese Taipei ($5.83M), and United States ($4.85M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metalworking Machines EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Chinese Taipei$2.85M (1.55k%)
China$2.42M (31%)
Netherlands$1.83M (75.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machines BY Italy WERE (2021 - 2022):
Russia-$5.04M (-73.6%)
France-$4.53M (-23.4%)
Poland-$3.9M (-37.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Metalworking Machines were:
Germany $667M
China $394M
Japan $227M
In 2022, Italy's main importing competitors in Metalworking Machines were:
China $488M
United States $272M
India $115M

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Trade Value of Metalworking Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $5.65M
TOP IMPORT POTENTIALChina+ $2.77M

Metalworking Machines’s highest export potential is China. With an export gap of $5.65M.   Metalworking Machines’s highest import potential is China with an import gap of $2.77M.

See methodology.

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