2023
Exports
$226MWorld Rnk 24 / 176
Flag Rnk 388 / 1216
2023
PRODUCT COMPLEXITY IN Precious Metal Scraps
-0.62Rnk 738 / 1025
2023
Imports
$2.2BWorld Rnk 4 / 126
Flag Rnk 59 / 1213
2023
ECONOMIC COMPLEXITY of Italy
1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $226M in Precious Metal Scraps, making it the 24th largest exporter of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 388th most exported product in Italy. The main destination of Precious Metal Scraps exports from Italy are: Switzerland ($102M), Germany ($42.4M), United Kingdom ($34.3M), Belgium ($13.7M), and Bosnia and Herzegovina ($8.58M).

The fastest growing export markets for Precious Metal Scraps of Italy between 2022 and 2023 were Switzerland ($22.8M), Czechia ($1.62M), and Japan ($829k).

Imports In 2023, Italy imported $2.2B in Precious Metal Scraps, becoming the 4th largest importer of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 59th most imported product in Italy. Italy imports Precious Metal Scraps primarily from: United States ($681M), Switzerland ($307M), Belgium ($302M), France ($183M), and Germany ($149M).

The fastest growing import markets in Precious Metal Scraps for Italy between 2022 and 2023 were Belgium ($186M), Switzerland ($113M), and France ($56.1M).

Historical Data

Trade Balance

Color
EXPORTS (2023)$226M
IMPORTS (2023)$2.2B
NET TRADE (2023)-$1.97B

In 2023, Italy exported $226M in Precious Metal Scraps. The main destinations of Italy exports on Precious Metal Scraps were Switzerland ($102M), Germany ($42.4M), United Kingdom ($34.3M), Belgium ($13.7M), and Bosnia and Herzegovina ($8.58M).

In 2023, Italy imported $2.2B in Precious Metal Scraps, mainly from United States ($681M), Switzerland ($307M), Belgium ($302M), France ($183M), and Germany ($149M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Scraps EXPORT MARKETS FOR Italy WERE (2022 - 2023):
Switzerland$22.8M (28.8%)
Czechia$1.62M (241%)
Japan$829k (56.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Scraps BY Italy WERE (2022 - 2023):
United Kingdom-$57.4M (-62.6%)
Germany-$19.4M (-31.3%)
United States-$11.4M (-61.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Italy's main exporting competitors in Precious Metal Scraps were:
In 2023, Italy's main importing competitors in Precious Metal Scraps were:

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Trade Value of Precious Metal Scraps by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSwitzerland+ $24M
TOP IMPORT POTENTIALFrance+ $60.9M

Precious Metal Scraps’s highest export potential is Switzerland. With an export gap of $24M.   Precious Metal Scraps’s highest import potential is France with an import gap of $60.9M.

See methodology.

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