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2023
Exports $123MWorld Rnk 3 / 148
Flag Rnk 528 / 1216
2023
Destination $2.48M France
2022 - 2023
FASTEST GROWING MARKET $2.48MChina
2023
PRODUCT COMPLEXITY IN Pastes and Waxes1.24Rnk 92 / 1025
2023
Imports $24.5MWorld Rnk 13 / 203
Flag Rnk 874 / 1213
2023
Origin $804k Germany
2022 - 2023
FASTEST GROWING ORIGIN $804kFrance
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $123M in Pastes and Waxes, making it the 3rd largest exporter of Pastes and Waxes in the world. At the same year, Pastes and Waxes was the 528th most exported product in Italy. The main destination of Pastes and Waxes exports from Italy are: France ($10.1M), Germany ($9.57M), Turkey ($8.51M), Russia ($8.15M), and Spain ($7.39M).

The fastest growing export markets for Pastes and Waxes of Italy between 2022 and 2023 were China ($2.48M), Turkey ($1.39M), and India ($1.15M).

Imports In 2023, Italy imported $24.5M in Pastes and Waxes, becoming the 13th largest importer of Pastes and Waxes in the world. At the same year, Pastes and Waxes was the 874th most imported product in Italy. Italy imports Pastes and Waxes primarily from: Germany ($12.6M), France ($2.87M), China ($2.85M), Netherlands ($1.2M), and Belgium ($1.19M).

The fastest growing import markets in Pastes and Waxes for Italy between 2022 and 2023 were France ($804k), Germany ($669k), and Belgium ($224k).

Latest Trends

October 2024

About

Overview In October 2024 Italy's Pastes and Waxes exports accounted up to €9.51M and imports accounted up to €1.99M, resulting in a positive trade balance of €7.53M. Between October 2023 and October 2024 the exports of Italy's   Pastes and Waxes have increased by €2.41M (33.8%) from €7.11M to €9.51M, while imports decreased by €-366k (-15.6%) from €2.35M to €1.99M.

Destinations In October 2024, Pastes and Waxes were exported mostly to France (€1M), Spain (€956k), Mexico (€937k), Brazil (€831k), and United States (€660k), and were imported mostly from Germany (€818k), China (€382k), France (€346k), Netherlands (€118k), and Spain (€112k).

Growth In October 2024, the increase in Pastes and Waxes's year-by-year exports was explained primarily by an increase in exports to Russia (€900k or 6.92k%), Brazil (€471k or 159%), and Turkey (€471k or 143%). In October 2024, the decrease in Pastes and Waxes's year-by-year imports was explained primarily by a decrease in imports from Czechia (€-1M or -97.5%), China (€-141k or -29.1%), and Netherlands (€-93.3k or -53.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€2.41M(33.8%)
IMPORT GROWTH (October 2023 - October 2024)€-366k(-15.6%)
MAIN DESTINATION (October 2024)France€1M

This section shows Pastes and Waxes'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 Pastes and Waxes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$123M
IMPORTS (2023)$24.5M
NET TRADE (2023)$98.8M

In 2023, Italy exported $123M in Pastes and Waxes. The main destinations of Italy exports on Pastes and Waxes were France ($10.1M), Germany ($9.57M), Turkey ($8.51M), Russia ($8.15M), and Spain ($7.39M).

In 2023, Italy imported $24.5M in Pastes and Waxes, mainly from Germany ($12.6M), France ($2.87M), China ($2.85M), Netherlands ($1.2M), and Belgium ($1.19M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pastes and Waxes EXPORT MARKETS FOR Italy WERE (2022 - 2023):
China$2.48M (67.8%)
Turkey$1.39M (19.6%)
India$1.15M (49.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pastes and Waxes BY Italy WERE (2022 - 2023):
Russia-$3.41M (-29.5%)
Lithuania-$834k (-56.3%)
Spain-$516k (-6.52%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Pastes and Waxes were:
China $464M
Germany $232M
In 2023, Italy's main importing competitors in Pastes and Waxes were:
United States $318M
Germany $76.6M
France $44.6M

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Trade Value of Pastes and Waxes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.06M
TOP IMPORT POTENTIALChina+ $1.79M

Pastes and Waxes’s highest export potential is United States. With an export gap of $3.06M.   Pastes and Waxes’s highest import potential is China with an import gap of $1.79M.

See methodology.

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