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2023
Exports $426MWorld Rnk 1 / 103
Flag Rnk 260 / 1216
2023
Destination $4.61M United States
2022 - 2023
FASTEST GROWING MARKET $4.61MKyrgyzstan
2023
PRODUCT COMPLEXITY IN Other Firearms0.14Rnk 508 / 1025
2023
Imports $19.8MWorld Rnk 12 / 181
Flag Rnk 910 / 1213
2023
Origin $1.13M Belgium
2022 - 2023
FASTEST GROWING ORIGIN $1.13MBelgium
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $426M in Other Firearms, making it the 1st largest exporter of Other Firearms in the world. At the same year, Other Firearms was the 260th most exported product in Italy. The main destination of Other Firearms exports from Italy are: United States ($243M), France ($28M), Canada ($18.3M), United Kingdom ($16.1M), and Germany ($15.3M).

The fastest growing export markets for Other Firearms of Italy between 2022 and 2023 were Kyrgyzstan ($4.61M), Brazil ($3.33M), and Turkey ($2.88M).

Imports In 2023, Italy imported $19.8M in Other Firearms, becoming the 12th largest importer of Other Firearms in the world. At the same year, Other Firearms was the 910th most imported product in Italy. Italy imports Other Firearms primarily from: Belgium ($8.1M), United States ($2.75M), Germany ($2.1M), Finland ($1.88M), and Czechia ($1.27M).

The fastest growing import markets in Other Firearms for Italy between 2022 and 2023 were Belgium ($1.13M), Czechia ($762k), and China ($556k).

COMPANIES In 2023, leading companies such as PACCAR Engine (61) and Cummins (1) were at the forefront of shipping Other Firearms from Italy to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Italy's Other Firearms exports accounted up to €31.4M and imports accounted up to €907k, resulting in a positive trade balance of €30.4M. Between October 2023 and October 2024 the exports of Italy's   Other Firearms have decreased by €-1.64M (-4.96%) from €33M to €31.4M, while imports increased by €389k (74.9%) from €519k to €907k.

Destinations In October 2024, Other Firearms were exported mostly to United States (€19.6M), Germany (€1.49M), United Kingdom (€1.44M), France (€1.41M), and Mexico (€1.3M), and were imported mostly from China (€253k), Germany (€139k), Switzerland (€35k), Austria (€10.5k), and Bulgaria (€2.13k).

Growth In October 2024, the decrease in Other Firearms's year-by-year exports was explained primarily by a decrease in exports to Switzerland (€-71k or -33.7%), United States (€-13.1k or -0.11%), and Belgium (€-8.36k or -48.1%). In October 2024, the increase in Other Firearms's year-by-year imports was explained primarily by an increase in imports from Germany (€174k or 1.89k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€-1.64M(-4.96%)
IMPORT GROWTH (October 2023 - October 2024)€389k(74.9%)
MAIN DESTINATION (October 2024)United States€19.6M

This section shows Other Firearms'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 Other Firearms over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$426M
IMPORTS (2023)$19.8M
NET TRADE (2023)$406M

In 2023, Italy exported $426M in Other Firearms. The main destinations of Italy exports on Other Firearms were United States ($243M), France ($28M), Canada ($18.3M), United Kingdom ($16.1M), and Germany ($15.3M).

In 2023, Italy imported $19.8M in Other Firearms, mainly from Belgium ($8.1M), United States ($2.75M), Germany ($2.1M), Finland ($1.88M), and Czechia ($1.27M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Firearms EXPORT MARKETS FOR Italy WERE (2022 - 2023):
Kyrgyzstan$4.61M (501%)
Brazil$3.33M (135%)
Turkey$2.88M (333%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Firearms BY Italy WERE (2022 - 2023):
United States-$20.5M (-7.79%)
Spain-$3.73M (-44.2%)
France-$3.21M (-10.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Other Firearms were:
Turkey $267M
Brazil $241M
In 2023, Italy's main importing competitors in Other Firearms were:
United States $954M
Canada $146M
France $73.3M

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Trade Value of Other Firearms by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $2.69M
TOP IMPORT POTENTIALTurkey+ $1.08M

Other Firearms’s highest export potential is France. With an export gap of $2.69M.   Other Firearms’s highest import potential is Turkey with an import gap of $1.08M.

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