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2022
ExportsfalseWorld Rnk 3 / 153
Flag Rnk 430 / 1217
2021 - 2022
FASTEST GROWING MARKET $15.4MBangladesh
2022
PRODUCT COMPLEXITY IN Mill Machinery0.2Rnk 485 / 1025
2022
Origin $4.54M China
2021 - 2022
FASTEST GROWING ORIGIN $4.54MTurkey
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $195M in Mill Machinery, making it the 3rd largest exporter of Mill Machinery in the world. At the same year, Mill Machinery was the 430th most exported product in Italy. The main destination of Mill Machinery exports from Italy are: Russia ($16.2M), Bangladesh ($15.5M), United States ($12.2M), Turkey ($8.32M), and Bulgaria ($7.27M).

The fastest growing export markets for Mill Machinery of Italy between 2021 and 2022 were Bangladesh ($15.4M), Russia ($7.29M), and Bulgaria ($6.27M).

The fastest growing import markets in Mill Machinery for Italy between 2021 and 2022 were Turkey ($4.54M), China ($2.31M), and Spain ($843k).

Latest Trends

July 2024

About

Overview In July 2024 Italy's Mill Machinery exports accounted up to €23M and imports accounted up to €1.79M, resulting in a positive trade balance of €21.2M. Between July 2023 and July 2024 the exports of Italy's   Mill Machinery have increased by €10.1M (77.8%) from €12.9M to €23M, while imports increased by €234k (15.1%) from €1.56M to €1.79M.

Destinations In July 2024, Mill Machinery were exported mostly to Romania (€4.07M), Senegal (€3.15M), Peru (€1.79M), Morocco (€1.67M), and Turkey (€1.6M), and were imported mostly from China (€785k), Austria (€210k), Turkey (€209k), United Kingdom (€157k), and Spain (€117k).

Growth In July 2024, the increase in Mill Machinery's year-by-year exports was explained primarily by an increase in exports to Russia (€2.5M or 13.8k%), Yemen (€609k or 45.5%), and Turkey (€491k or 296%). In July 2024, the increase in Mill Machinery's year-by-year imports was explained primarily by an increase in imports from China (€246k or 202%), Spain (€162k or 187%), and Germany (€104k or 125%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€10.1M(77.8%)
IMPORT GROWTH (July 2023 - July 2024)€234k(15.1%)
MAIN DESTINATION (July 2024)Romania€4.07M

This section shows Mill Machinery'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 Mill Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$195M

In 2022, Italy exported $195M in Mill Machinery. The main destinations of Italy exports on Mill Machinery were Russia ($16.2M), Bangladesh ($15.5M), United States ($12.2M), Turkey ($8.32M), and Bulgaria ($7.27M).

In N/A, Italy imported N/A in Mill Machinery, mainly from China ($7.91M), Turkey ($7.76M), Spain ($4.2M), Switzerland ($4.12M), and Germany ($4.07M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mill Machinery EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Bangladesh$15.4M (10.1k%)
Russia$7.29M (81.8%)
Bulgaria$6.27M (626%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mill Machinery BY Italy WERE (2021 - 2022):
Germany-$9.73M (-62%)
France-$7.74M (-73%)
United States-$7.2M (-37.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Mill Machinery were:
China $609M
Turkey $304M
In 2022, Italy's main importing competitors in Mill Machinery were:
India $191M
United States $148M
Nigeria $85.8M

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Trade Value of Mill Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.75M
TOP IMPORT POTENTIALChina+ $2.59M

Mill Machinery’s highest export potential is United States. With an export gap of $2.75M.   Mill Machinery’s highest import potential is China with an import gap of $2.59M.

See methodology.

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