Overview In First Quarter 2024 Italia Insulare exported $5.09B and imported $6.46B, resulting in a negative trade balance of $1.37B. Between First Quarter 2023 and First Quarter 2024 the exports of Italia Insulare have increased by $172M (3.49%) from $4.92B to $5.09B, while imports decreased by $-1.1B (-14.6%) from $7.56B to $6.46B.
Trade In First Quarter 2024, the top exports of Italia Insulare were Coke and products derived from petroleum... (€3.76B), Chemical products (€214M), Computer and electronic and optical products;... (€198M), Electrical equipment and non-electrical household equipment (€185M), and Foodstuffs (€174M). In First Quarter 2024 the top imports of Italia Insulare were Crude oil and natural gas (€4.82B), Coke and products derived from petroleum... (€223M), Chemical products (€193M), Foodstuffs (€190M), and Electrical equipment and non-electrical household equipment (€136M).
Destinations In First Quarter 2024, Italia Insulare exported mostly to Spain (€604M), United States (€586M), Gibraltar (€547M), Croatia (€479M), and Libya (€269M), and imported mostly from Libya (€1.11B), Azerbaijan (€873M), United States (€845M), Kazakhstan (€586M), and Iraq (€441M).
Growth In First Quarter 2024, the increase in Italia Insulare's year-by-year exports was explained primarily by an increase in exports to Gibraltar (€224M or 69.1%), Spain (€161M or 36.3%), and Croatia (€138M or 40.7%), and product exports increase in Coke and products derived from petroleum... (€247M or 7.03%), Electrical equipment and non-electrical household equipment (€111M or 149%), and Goods declared as ship's supplies, returned... (€40.3M or 194%). In First Quarter 2024, the decrease in Italia Insulare's year-by-year imports was explained primarily by an decrease in imports from Iraq ($-362M or -45.1%), Saudi Arabia ($-357M or -63.7%), and Spain ($-147M or -47.3%), and product imports decrease in Crude oil and natural gas (€-713M or -12.9%), Coal (excluding peat) (€-162M or -79.1%), and Coke and products derived from petroleum... (€-114M or -33.9%).