Motor vehicles; parts and accessories (8701 to 8705) in Italy | The Observatory of Economic Complexity

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Exports In 2023, Italy exported $16.4B in Motor vehicles; parts and accessories (8701 to 8705), making it the 9th largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 4th most exported product in Italy. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Italy are: Germany ($3.44B), France ($1.81B), Spain ($1.28B), United Kingdom ($1.07B), and Poland ($941M).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Italy between 2022 and 2023 were Germany ($297M), Spain ($293M), and France ($279M).

Imports In 2023, Italy imported $10.4B in Motor vehicles; parts and accessories (8701 to 8705), becoming the 12th largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 8th most imported product in Italy. Italy imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: Germany ($3.03B), Poland ($1.14B), France ($993M), China ($674M), and Czechia ($493M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Italy between 2022 and 2023 were Germany ($412M), Poland ($228M), and Czechia ($154M).

COMPANIES In 2023, leading companies such as Robert Bosch (140), Ford Motor Company (18), and Stihl (17) were at the forefront of shipping Motor vehicles; parts and accessories (8701 to 8705) from Italy to the United States.

Latest Trends

October 2024

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Overview In October 2024 Italy's Motor vehicles; parts and accessories (8701 to 8705) exports accounted up to €1.31B and imports accounted up to €786M, resulting in a positive trade balance of €522M. Between October 2023 and October 2024 the exports of Italy's Motor vehicles; parts and accessories (8701 to 8705) have decreased by €-27.6M (-2.07%) from €1.34B to €1.31B, while imports decreased by €-78.1M (-9.04%) from €864M to €786M.

Destinations In October 2024, Motor vehicles; parts and accessories (8701 to 8705) were exported mostly to Germany (€281M), France (€175M), Poland (€91.4M), Spain (€91M), and United Kingdom (€89.6M), and were imported mostly from Germany (€247M), France (€104M), China (€66M), Poland (€63.6M), and Spain (€34.4M).

Growth In October 2024, the decrease in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year exports was explained primarily by a decrease in exports to Russia (€-3.98M or -42.5%), China (€-2.14M or -18.6%), and Norway (€-853k or -33.5%). In October 2024, the decrease in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year imports was explained primarily by a decrease in imports from China (€-7.57M or -12.9%), Chinese Taipei (€-3.7M or -33.8%), and Indonesia (€-2.47M or -12.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2023 - October 2024)€-27.6M(-2.07%)

IMPORT GROWTH (October 2023 - October 2024)€-78.1M(-9.04%)

MAIN DESTINATION (October 2024)Germany€281M

This section shows Motor vehicles; parts and accessories (8701 to 8705)'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 Motor vehicles; parts and accessories (8701 to 8705) over time.

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