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2022
Exports $1.05BWorld Rnk 4 / 149
Flag Rnk 144 / 1217
2022
Destination $56.9M Germany
2021 - 2022
FASTEST GROWING MARKET $56.9MGermany
2022
PRODUCT COMPLEXITY IN Other Steel Bars0.29Rnk 456 / 1025
2022
Imports $773MWorld Rnk 4 / 218
Flag Rnk 169 / 1215
2022
Origin $56.5M Germany
2021 - 2022
FASTEST GROWING ORIGIN $56.5MChina
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $1.05B in Other Steel Bars, making it the 4th largest exporter of Other Steel Bars in the world. At the same year, Other Steel Bars was the 144th most exported product in Italy. The main destination of Other Steel Bars exports from Italy are: Germany ($262M), France ($96.3M), Spain ($91.6M), Austria ($77.8M), and Sweden ($59.1M).

The fastest growing export markets for Other Steel Bars of Italy between 2021 and 2022 were Germany ($56.9M), France ($21.4M), and Spain ($17.2M).

Imports In 2022, Italy imported $773M in Other Steel Bars, becoming the 4th largest importer of Other Steel Bars in the world. At the same year, Other Steel Bars was the 169th most imported product in Italy. Italy imports Other Steel Bars primarily from: Germany ($160M), China ($116M), France ($68.3M), Spain ($54.7M), and India ($52.3M).

The fastest growing import markets in Other Steel Bars for Italy between 2021 and 2022 were China ($56.5M), India ($30.2M), and Germany ($28.9M).

Latest Trends

March 2024

About

Overview In March 2024 Italy's Other Steel Bars exports accounted up to €63.1M and imports accounted up to €38.3M, resulting in a positive trade balance of €24.9M. Between March 2023 and March 2024 the exports of Italy's   Other Steel Bars have decreased by €-20.9M (-24.9%) from €84M to €63.1M, while imports decreased by €-28.8M (-43%) from €67.1M to €38.3M.

Destinations In March 2024, Other Steel Bars were exported mostly to Germany (€16M), Spain (€9.33M), France (€6.61M), Austria (€4.25M), and Hungary (€3.64M), and were imported mostly from N/A.

Growth In March 2024, the decrease in Other Steel Bars's year-by-year exports was explained primarily by a decrease in exports to Brazil (€-715k or -27.2%), Austria (€-641k or -12.7%), and Portugal (€-557k or -61%). In March 2024, the decrease in Other Steel Bars's year-by-year imports was explained primarily by a decrease in imports from Indonesia (€-8.79M or -71.5%), Romania (€-2.29M or -50.5%), and Turkey (€-1.85M or -83.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)€-20.9M(-24.9%)
IMPORT GROWTH (March 2023 - March 2024)€-28.8M(-43%)
MAIN DESTINATION (March 2024)Germany€16M

This section shows Other Steel Bars'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 Steel Bars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.05B
IMPORTS (2022)$773M
NET TRADE (2022)$276M

In 2022, Italy exported $1.05B in Other Steel Bars. The main destinations of Italy exports on Other Steel Bars were Germany ($262M), France ($96.3M), Spain ($91.6M), Austria ($77.8M), and Sweden ($59.1M).

In 2022, Italy imported $773M in Other Steel Bars, mainly from Germany ($160M), China ($116M), France ($68.3M), Spain ($54.7M), and India ($52.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Steel Bars EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Germany$56.9M (27.8%)
France$21.4M (28.5%)
Spain$17.2M (23.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Steel Bars BY Italy WERE (2021 - 2022):
Russia-$4.67M (-82.6%)
Belgium-$1.86M (-24.9%)
India-$1.7M (-19.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Other Steel Bars were:
China $3.04B
Germany $1.79B
Japan $1.06B
In 2022, Italy's main importing competitors in Other Steel Bars were:
Germany $1.71B
United States $1.1B
Mexico $818M

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Trade Value of Other Steel Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $29.1M
TOP IMPORT POTENTIALChina+ $26M

Other Steel Bars’s highest export potential is France. With an export gap of $29.1M.   Other Steel Bars’s highest import potential is China with an import gap of $26M.

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