Tower cranes in Italy | The Observatory of Economic Complexity

About

Exports In 2022, Italy exported $241M in Tower cranes, making it the 3rd largest exporter of Tower cranes in the world. At the same year, Tower cranes was the 531st most exported product in Italy. The main destination of Tower cranes exports from Italy are: Germany ($61.7M), France ($49.3M), Canada ($16.3M), United States ($11.7M), and Belgium ($10.7M).

The fastest growing export markets for Tower cranes of Italy between 2021 and 2022 were France ($10.7M), United States ($7.78M), and United Arab Emirates ($3.62M).

Imports In 2022, Italy imported $28.8M in Tower cranes, becoming the 19th largest importer of Tower cranes in the world. At the same year, Tower cranes was the 1974th most imported product in Italy. Italy imports Tower cranes primarily from: Germany ($11.8M), Spain ($6.43M), Portugal ($6.35M), France ($1.78M), and Switzerland ($800k).

The fastest growing import markets in Tower cranes for Italy between 2021 and 2022 were Spain ($1.59M), Germany ($1.15M), and France ($948k).

COMPANIES In 2023, leading companies such as CNH Industrial (4.79k), IKEA Group (2.86k), and Valbruna Stainless (2.05k) were at the forefront of shipping Tower cranes from Italy to the United States.

Latest Trends

March 2024

About

Overview In March 2024 Italy's Tower cranes exports accounted up to €15.3M and imports accounted up to €1.35M, resulting in a positive trade balance of €14M. Between March 2023 and March 2024 the exports of Italy's Tower cranes have decreased by €-6.05M (-28.3%) from €21.4M to €15.3M, while imports decreased by €-1.25M (-48%) from €2.6M to €1.35M.

Destinations In March 2024, Tower cranes were exported mostly to Indonesia (€2.86M), France (€2.7M), United Arab Emirates (€2.67M), Canada (€1.34M), and Mexico (€948k), and were imported mostly from Germany (€963k), Spain (€244k), France (€130k), and Switzerland (€18.6k).

Growth In March 2024, the decrease in Tower cranes's year-by-year exports was explained primarily by a decrease in exports to Belgium (€-571k or -59.6%), Canada (€-300k or -44.2%), and France (€-291k or -8.2%). In March 2024, the decrease in Tower cranes's year-by-year imports was explained primarily by a decrease in imports from Germany (€-867k or -55.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)€-6.05M(-28.3%)

IMPORT GROWTH (March 2023 - March 2024)€-1.25M(-48%)

MAIN DESTINATION (March 2024)Indonesia€2.86M

This section shows Tower cranes'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 Tower cranes over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$241M

IMPORTS (2022)$28.8M

NET TRADE (2022)$213M

In 2022, Italy exported $241M in Tower cranes. The main destinations of Italy exports on Tower cranes were Germany ($61.7M), France ($49.3M), Canada ($16.3M), United States ($11.7M), and Belgium ($10.7M).

In 2022, Italy imported $28.8M in Tower cranes, mainly from Germany ($11.8M), Spain ($6.43M), Portugal ($6.35M), France ($1.78M), and Switzerland ($800k).

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