2022
Exports
$42.7MWorld Rnk 14 / 200
Flag Rnk 727 / 1217
2022
PRODUCT COMPLEXITY IN Wrenches
1.67Rnk 30 / 1025
2022
Imports
$76.7MWorld Rnk 13 / 219
Flag Rnk 662 / 1215
2022
ECONOMIC COMPLEXITY of Italy
1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $42.7M in Wrenches, making it the 14th largest exporter of Wrenches in the world. At the same year, Wrenches was the 727th most exported product in Italy. The main destination of Wrenches exports from Italy are: France ($9.98M), Belgium ($4.61M), Germany ($4.02M), United States ($2.63M), and Spain ($2.43M).

The fastest growing export markets for Wrenches of Italy between 2021 and 2022 were United States ($496k), Kazakhstan ($302k), and Turkey ($177k).

Imports In 2022, Italy imported $76.7M 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 ($19.4M), Chinese Taipei ($16M), China ($14.5M), France ($4.49M), and India ($3.55M).

The fastest growing import markets in Wrenches for Italy between 2021 and 2022 were Netherlands ($2.06M), Germany ($1.92M), and China ($1.76M).

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

September 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)€1.26k(0.074%)
IMPORT GROWTH (September 2023 - September 2024)€2.34M(59.2%)
MAIN DESTINATION (September 2024)France€1.05M

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 (2022)$42.7M
IMPORTS (2022)$76.7M
NET TRADE (2022)-$34M

In 2022, Italy exported $42.7M in Wrenches. The main destinations of Italy exports on Wrenches were France ($9.98M), Belgium ($4.61M), Germany ($4.02M), United States ($2.63M), and Spain ($2.43M).

In 2022, Italy imported $76.7M in Wrenches, mainly from Germany ($19.4M), Chinese Taipei ($16M), China ($14.5M), France ($4.49M), and India ($3.55M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wrenches EXPORT MARKETS FOR Italy WERE (2021 - 2022):
United States$496k (23.3%)
Kazakhstan$302k (938%)
Turkey$177k (17.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY Italy WERE (2021 - 2022):
France-$3.81M (-27.6%)
China-$2.33M (-73%)
Belgium-$1.34M (-22.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Wrenches were:
In 2022, Italy's main importing competitors in Wrenches were:

Explore Visualizations

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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