Overview In First Quarter 2024 Italia Meridionale exported $9.67B and imported $9.59B, resulting in a positive trade balance of $74M. Between First Quarter 2023 and First Quarter 2024 the exports of Italia Meridionale have decreased by $-621M (-6.04%) from $10.3B to $9.67B, while imports decreased by $-504M (-4.99%) from $10.1B to $9.59B.
Trade In First Quarter 2024, the top exports of Italia Meridionale were Basic pharmaceutical products and pharmaceutical preparations (€2.35B), Motor vehicles, trailers and semi-trailers (€1.94B), Foodstuffs (€1.57B), Machinery and equipment n.e.c. (€517M), and Chemical products (€340M). In First Quarter 2024 the top imports of Italia Meridionale were Chemical products (€1.95B), Foodstuffs (€1.02B), Metallurgy products (€913M), Motor vehicles, trailers and semi-trailers (€736M), and Agricultural, animal and hunting products (€621M).
Destinations In First Quarter 2024, Italia Meridionale exported mostly to Switzerland (€1.71B), United States (€1.47B), Germany (€1.39B), Spain (€643M), and United Kingdom (€502M), and imported mostly from China (€2.21B), Germany (€1.13B), Spain (€789M), United States (€511M), and Netherlands (€388M).
Growth In First Quarter 2024, the decrease in Italia Meridionale's year-by-year exports was explained primarily by an decrease in exports to Germany (€-160M or -10.4%), United Kingdom (€-123M or -19.7%), and Tunisia (€-111M or -72.8%), and product exports decrease in Motor vehicles, trailers and semi-trailers (€-269M or -12.2%), Electrical equipment and non-electrical household equipment (€-189M or -53.4%), and Metallurgy products (€-185M or -47.7%). In First Quarter 2024, the decrease in Italia Meridionale's year-by-year imports was explained primarily by an decrease in imports from South Africa ($-123M or -93.6%), Brazil ($-91.7M or -61%), and Greece ($-89.4M or -36.7%), and product imports decrease in Coal (excluding peat) (€-248M or -74.4%), Metallurgy products (€-202M or -18.1%), and Agricultural, animal and hunting products (€-162M or -20.7%).