Overview In Second Quarter 2024 Italia Nord-occidentale exported $52.2B and imported $53.6B, resulting in a negative trade balance of $1.44B. Between Second Quarter 2023 and Second Quarter 2024 the exports of Italia Nord-occidentale have decreased by $-1.71B (-3.18%) from $53.9B to $52.2B, while imports decreased by $-1.94B (-3.49%) from $55.6B to $53.6B.
Trade In Second Quarter 2024, the top exports of Italia Nord-occidentale were Machinery and equipment nec (€9.34B), Chemicals (€5.38B), Metallurgy products (€4.24B), Motor vehicles, trailers and semi-trailers (€3.77B), and Computer and electronic and optical products;... (€3.04B). In Second Quarter 2024 the top imports of Italia Nord-occidentale were Chemicals (€6.27B), Motor vehicles, trailers and semi-trailers (€5.78B), Computer and electronic and optical products;... (€5.33B), Metallurgy products (€5.26B), and Machinery and equipment nec (€4.98B).
Destinations In Second Quarter 2024, Italia Nord-occidentale exported mostly to Germany (€7.35B), United States (€5.03B), Spain (€3.84B), Switzerland (€3.34B), and United Kingdom (€2.41B), and imported mostly from Germany (€9.99B), China (€5.36B), Netherlands (€5.01B), Spain (€3.5B), and Belgium (€2.49B).
Growth In Second Quarter 2024, the decrease in Italia Nord-occidentale's year-by-year exports was explained primarily by an decrease in exports to United States (€-1.26B or -20%), Germany (€-529M or -6.71%), and Belgium (€-238M or -15.5%), and product exports decrease in Motor vehicles, trailers and semi-trailers (€-1.06B or -22%), Other means of transport (€-839M or -31.3%), and Metallurgy products (€-210M or -4.73%). In Second Quarter 2024, the decrease in Italia Nord-occidentale's year-by-year imports was explained primarily by an decrease in imports from China ($-610M or -10.2%), Germany ($-603M or -5.69%), and Russia ($-218M or -61%), and product imports decrease in Metallurgy products (€-799M or -13.2%), Electrical equipment and non-electrical household equipment (€-712M or -18.3%), and Crude oil and natural gas (€-471M or -17.8%).