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2023
Exports $9.17BWorld Rnk 4 / 223
Flag Rnk 8 / 1216
2023
Destination $126M United States
2022 - 2023
FASTEST GROWING MARKET $126MSaudi Arabia
2023
PRODUCT COMPLEXITY IN Valves1.34Rnk 71 / 1025
2023
Imports $2.88BWorld Rnk 8 / 226
Flag Rnk 38 / 1213
2023
Origin $75M Germany
2022 - 2023
FASTEST GROWING ORIGIN $75MGermany
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $9.17B in Valves, making it the 4th largest exporter of Valves in the world. At the same year, Valves was the 8th most exported product in Italy. The main destination of Valves exports from Italy are: United States ($1.05B), Germany ($934M), France ($651M), China ($601M), and United Kingdom ($440M).

The fastest growing export markets for Valves of Italy between 2022 and 2023 were Saudi Arabia ($126M), Qatar ($71.8M), and Turkey ($63.6M).

Imports In 2023, Italy imported $2.88B in Valves, becoming the 8th largest importer of Valves in the world. At the same year, Valves was the 38th most imported product in Italy. Italy imports Valves primarily from: Germany ($924M), China ($538M), France ($164M), United States ($152M), and Denmark ($113M).

The fastest growing import markets in Valves for Italy between 2022 and 2023 were Germany ($75M), France ($31.4M), and Romania ($27.9M).

COMPANIES In 2023, leading companies such as Robert Bosch (101), Danfoss (52), and John Deere (10) were at the forefront of shipping Valves from Italy to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Italy's Valves exports accounted up to €783M and imports accounted up to €253M, resulting in a positive trade balance of €529M. Between October 2023 and October 2024 the exports of Italy's   Valves have increased by €63.1M (8.77%) from €720M to €783M, while imports increased by €14.6M (6.1%) from €239M to €253M.

Destinations In October 2024, Valves were exported mostly to United States (€75.5M), Germany (€74.6M), Saudi Arabia (€68.4M), France (€52.6M), and United Kingdom (€37.9M), and were imported mostly from Germany (€71.1M), China (€55.9M), France (€18M), United States (€12.2M), and Indonesia (€9.75M).

Growth In October 2024, the increase in Valves's year-by-year exports was explained primarily by an increase in exports to United States (€23.5M or 54.1%), Saudi Arabia (€6.71M or 28%), and Germany (€5.9M or 7.73%). In October 2024, the increase in Valves's year-by-year imports was explained primarily by an increase in imports from Bulgaria (€5.5M or 234%), Germany (€5.31M or 7.65%), and United States (€3.69M or 38.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€63.1M(8.77%)
IMPORT GROWTH (October 2023 - October 2024)€14.6M(6.1%)
MAIN DESTINATION (October 2024)United States€75.5M

This section shows Valves'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 Valves over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$9.17B
IMPORTS (2023)$2.88B
NET TRADE (2023)$6.3B

In 2023, Italy exported $9.17B in Valves. The main destinations of Italy exports on Valves were United States ($1.05B), Germany ($934M), France ($651M), China ($601M), and United Kingdom ($440M).

In 2023, Italy imported $2.88B in Valves, mainly from Germany ($924M), China ($538M), France ($164M), United States ($152M), and Denmark ($113M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Valves EXPORT MARKETS FOR Italy WERE (2022 - 2023):
Saudi Arabia$126M (45.9%)
Qatar$71.8M (166%)
Turkey$63.6M (28.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Valves BY Italy WERE (2022 - 2023):
Russia-$73.8M (-32.4%)
Canada-$31.6M (-22.6%)
Germany-$29.6M (-3.07%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Valves were:
China $20.5B
Germany $14.7B
United States $13.6B
In 2023, Italy's main importing competitors in Valves were:
United States $16.7B
China $8B
Germany $7.83B

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Trade Value of Valves by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $267M
TOP IMPORT POTENTIALChina+ $157M

Valves’s highest export potential is United States. With an export gap of $267M.   Valves’s highest import potential is China with an import gap of $157M.

See methodology.

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