Italia Nord-occidentale

Overview In First Quarter 2024 Italia Nord-occidentale exported $49.9B and imported $51.7B, resulting in a negative trade balance of $1.85B. Between First Quarter 2023 and First Quarter 2024 the exports of Italia Nord-occidentale have decreased by $-8.54B (-14.6%) from $58.4B to $49.9B, while imports decreased by $-10.2B (-16.5%) from $61.9B to $51.7B.

Trade In First Quarter 2024, the top exports of Italia Nord-occidentale were Machinery and equipment n.e.c. (€8.65B), Chemical products (€5.02B), Motor vehicles, trailers and semi-trailers (€4.1B), Metallurgy products (€4.08B), and Foodstuffs (€2.93B). In First Quarter 2024 the top imports of Italia Nord-occidentale were Chemical products (€5.94B), Motor vehicles, trailers and semi-trailers (€5.87B), Computer and electronic and optical products;... (€5.62B), Machinery and equipment n.e.c. (€4.68B), and Metallurgy products (€4.67B).

Destinations In First Quarter 2024, Italia Nord-occidentale exported mostly to Germany (€7.41B), United States (€4.66B), Spain (€3.68B), Switzerland (€3.32B), and United Kingdom (€2.42B), and imported mostly from Germany (€10.5B), Netherlands (€4.85B), China (€4.84B), Spain (€3.08B), and Belgium (€2.58B).

Growth In First Quarter 2024, the decrease in Italia Nord-occidentale's year-by-year exports was explained primarily by an decrease in exports to Germany (€-719M or -8.84%), United States (€-617M or -11.7%), and Netherlands (€-191M or -10.8%), and product exports decrease in Metallurgy products (€-1.26B or -23.6%), Chemical products (€-1.14B or -18.6%), and Machinery and equipment n.e.c. (€-963M or -10%). In First Quarter 2024, the decrease in Italia Nord-occidentale's year-by-year imports was explained primarily by an decrease in imports from China ($-1.04B or -17.6%), Spain ($-706M or -18.6%), and Germany ($-600M or -5.39%), and product imports decrease in Chemical products (€-1.79B or -23.1%), Metallurgy products (€-1.5B or -24.4%), and Machinery and equipment n.e.c. (€-1.12B or -19.3%).