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2023
Exports $54.4MWorld Rnk 11 / 196
Flag Rnk 680 / 1216
2023
Destination $3.46M France
2022 - 2023
FASTEST GROWING MARKET $3.46MFrance
2023
PRODUCT COMPLEXITY IN Wrenches1.5Rnk 44 / 1025
2023
Imports $73.1MWorld Rnk 13 / 221
Flag Rnk 662 / 1213
2023
Origin $2.2M Germany
2022 - 2023
FASTEST GROWING ORIGIN $2.2MGermany
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $54.4M in Wrenches, making it the 11th largest exporter of Wrenches in the world. At the same year, Wrenches was the 680th most exported product in Italy. The main destination of Wrenches exports from Italy are: France ($14.1M), Belgium ($5.33M), Germany ($4.7M), United States ($3.24M), and Spain ($2.99M).

The fastest growing export markets for Wrenches of Italy between 2022 and 2023 were France ($3.46M), Belgium ($789k), and United Kingdom ($699k).

Imports In 2023, Italy imported $73.1M in Wrenches, becoming the 13th largest importer of Wrenches in the world. At the same year, Wrenches was the 662nd most imported product in Italy. Italy imports Wrenches primarily from: Germany ($21.1M), Chinese Taipei ($15.5M), China ($11.4M), France ($3.67M), and Spain ($3.26M).

The fastest growing import markets in Wrenches for Italy between 2022 and 2023 were Germany ($2.2M), Greece ($1M), and Belgium ($987k).

COMPANIES In 2023, leading companies such as Stanley Black & Decker (16), Stihl (6), and Pirelli Tires (4) were at the forefront of shipping Wrenches from Italy to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Italy's Wrenches exports accounted up to €2.54M and imports accounted up to €6.76M, resulting in a negative trade balance of €4.22M. Between October 2023 and October 2024 the exports of Italy's   Wrenches have increased by €298k (13.3%) from €2.24M to €2.54M, while imports increased by €3.21M (90.4%) from €3.55M to €6.76M.

Destinations In October 2024, Wrenches were exported mostly to France (€1.25M), Belgium (€398k), Germany (€274k), United States (€235k), and Poland (€126k), and were imported mostly from Germany (€2.73M), Chinese Taipei (€2.13M), China (€1M), Belgium (€267k), and France (€232k).

Growth In October 2024, the increase in Wrenches's year-by-year exports was explained primarily by an increase in exports to France (€220k or 35.1%), Germany (€115k or 45.5%), and Poland (€29.6k or 24.9%). In October 2024, the increase in Wrenches's year-by-year imports was explained primarily by an increase in imports from Netherlands (€460k or 480%), Spain (€343k or 167%), and Germany (€230k or 22.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€298k(13.3%)
IMPORT GROWTH (October 2023 - October 2024)€3.21M(90.4%)
MAIN DESTINATION (October 2024)France€1.25M

This section shows Wrenches'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 Wrenches over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$54.4M
IMPORTS (2023)$73.1M
NET TRADE (2023)-$18.7M

In 2023, Italy exported $54.4M in Wrenches. The main destinations of Italy exports on Wrenches were France ($14.1M), Belgium ($5.33M), Germany ($4.7M), United States ($3.24M), and Spain ($2.99M).

In 2023, Italy imported $73.1M in Wrenches, mainly from Germany ($21.1M), Chinese Taipei ($15.5M), China ($11.4M), France ($3.67M), and Spain ($3.26M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wrenches EXPORT MARKETS FOR Italy WERE (2022 - 2023):
France$3.46M (32.6%)
Belgium$789k (17.4%)
United Kingdom$699k (52%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY Italy WERE (2022 - 2023):
Sweden-$661k (-59.6%)
United States-$418k (-11.4%)
Russia-$228k (-91.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Wrenches were:
China $1.21B
Chinese Taipei $1.01B
Germany $332M
In 2023, Italy's main importing competitors in Wrenches were:
United States $778M
Germany $289M
France $156M

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Trade Value of Wrenches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.36M
TOP IMPORT POTENTIALChina+ $4.7M

Wrenches’s highest export potential is United States. With an export gap of $2.36M.   Wrenches’s highest import potential is China with an import gap of $4.7M.

See methodology.

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