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2023
Exports $242MWorld Rnk 22 / 125
Flag Rnk 366 / 1216
2023
Destination $9.65M Germany
2022 - 2023
FASTEST GROWING MARKET $9.65MCzechia
2023
PRODUCT COMPLEXITY IN Semi-Finished Iron-0.94Rnk 812 / 1025
2023
Imports $1.79BWorld Rnk 5 / 189
Flag Rnk 76 / 1213
2023
Origin $140M Russia
2022 - 2023
FASTEST GROWING ORIGIN $140MVietnam
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $242M in Semi-Finished Iron, making it the 22nd largest exporter of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 366th most exported product in Italy. The main destination of Semi-Finished Iron exports from Italy are: Germany ($44.6M), Spain ($41.7M), Switzerland ($21.6M), Czechia ($18.2M), and France ($16.3M).

The fastest growing export markets for Semi-Finished Iron of Italy between 2022 and 2023 were Czechia ($9.65M), Turkey ($9.07M), and Mexico ($8.71M).

Imports In 2023, Italy imported $1.79B in Semi-Finished Iron, becoming the 5th largest importer of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 76th most imported product in Italy. Italy imports Semi-Finished Iron primarily from: Russia ($469M), China ($390M), Vietnam ($204M), India ($144M), and Germany ($123M).

The fastest growing import markets in Semi-Finished Iron for Italy between 2022 and 2023 were Vietnam ($140M), South Korea ($46.3M), and China ($32.9M).

Latest Trends

October 2024

About

Overview In October 2024 Italy's Semi-Finished Iron exports accounted up to €27.1M and imports accounted up to €120M, resulting in a negative trade balance of €93.3M. Between October 2023 and October 2024 the exports of Italy's   Semi-Finished Iron have increased by €10M (59%) from €17M to €27.1M, while imports decreased by €-34.1M (-22.1%) from €154M to €120M.

Destinations In October 2024, Semi-Finished Iron were exported mostly to Canada (€9.06M), Germany (€4.18M), Romania (€3.18M), Spain (€2.03M), and France (€1.42M), and were imported mostly from Russia (€52.6M), Vietnam (€16.9M), Turkey (€15.1M), Indonesia (€11.9M), and Ukraine (€6.15M).

Growth In October 2024, the increase in Semi-Finished Iron's year-by-year exports was explained primarily by an increase in exports to Switzerland (€1.15M or 151%), Germany (€715k or 30.6%), and Hungary (€297k or 131%). In October 2024, the decrease in Semi-Finished Iron's year-by-year imports was explained primarily by a decrease in imports from Ukraine (€-61.2M or -97.3%), Switzerland (€-7.22M or -78%), and Croatia (€-6.77M or -73.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€10M(59%)
IMPORT GROWTH (October 2023 - October 2024)€-34.1M(-22.1%)
MAIN DESTINATION (October 2024)Canada€9.06M

This section shows Semi-Finished Iron'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 Semi-Finished Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$242M
IMPORTS (2023)$1.79B
NET TRADE (2023)-$1.55B

In 2023, Italy exported $242M in Semi-Finished Iron. The main destinations of Italy exports on Semi-Finished Iron were Germany ($44.6M), Spain ($41.7M), Switzerland ($21.6M), Czechia ($18.2M), and France ($16.3M).

In 2023, Italy imported $1.79B in Semi-Finished Iron, mainly from Russia ($469M), China ($390M), Vietnam ($204M), India ($144M), and Germany ($123M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Semi-Finished Iron EXPORT MARKETS FOR Italy WERE (2022 - 2023):
Czechia$9.65M (113%)
Turkey$9.07M (138%)
Mexico$8.71M (52.3k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Semi-Finished Iron BY Italy WERE (2022 - 2023):
United Kingdom-$9.8M (-81.6%)
France-$7.69M (-32%)
United States-$4.52M (-48.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Semi-Finished Iron were:
Russia $6.75B
Oman $3.27B
Brazil $3.13B
In 2023, Italy's main importing competitors in Semi-Finished Iron were:
Turkey $3.36B
United States $2.81B
Indonesia $2.13B

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Trade Value of Semi-Finished Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $12M
TOP IMPORT POTENTIALRussia+ $67.9M

Semi-Finished Iron’s highest export potential is France. With an export gap of $12M.   Semi-Finished Iron’s highest import potential is Russia with an import gap of $67.9M.

See methodology.

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