Overview In First Quarter 2024 Milano exported $13B and imported $18.7B, resulting in a negative trade balance of $5.62B. Between First Quarter 2023 and First Quarter 2024 the exports of Milano have decreased by $-1.43B (-9.87%) from $14.5B to $13B, while imports decreased by $-3.46B (-15.6%) from $22.1B to $18.7B.
Trade In First Quarter 2024, the top exports of Milano were Machinery and equipment n.e.c. (€1.91B), Chemical products (€1.51B), Basic pharmaceutical products and pharmaceutical preparations (€1.3B), Articles of clothing (including leather and... (€1.27B), and Leather goods (excluding clothing) and similar (€1.14B). In First Quarter 2024 the top imports of Milano were Computer and electronic and optical products;... (€2.98B), Chemical products (€2.22B), Machinery and equipment n.e.c. (€1.82B), Basic pharmaceutical products and pharmaceutical preparations (€1.8B), and Electrical equipment and non-electrical household equipment (€1.47B).
Destinations In First Quarter 2024, Milano exported mostly to Switzerland (€1.63B), United States (€1.41B), Germany (€1.11B), China (€754M), and United Kingdom (€679M), and imported mostly from Germany (€4.22B), Netherlands (€2.63B), China (€1.74B), Switzerland (€1.06B), and Belgium (€960M).
Growth In First Quarter 2024, the decrease in Milano's year-by-year exports was explained primarily by an decrease in exports to United States (€-244M or -14.7%), United Kingdom (€-97.1M or -12.5%), and Germany (€-81.9M or -6.88%), and product exports decrease in Leather goods (excluding clothing) and similar (€-294M or -20.5%), Chemical products (€-254M or -14.4%), and Basic pharmaceutical products and pharmaceutical preparations (€-128M or -8.96%). In First Quarter 2024, the decrease in Milano's year-by-year imports was explained primarily by an decrease in imports from China ($-409M or -19.1%), Netherlands ($-312M or -10.6%), and Germany ($-247M or -5.52%), and product imports decrease in Computer and electronic and optical products;... (€-622M or -17.3%), Machinery and equipment n.e.c. (€-481M or -20.9%), and Electrical equipment and non-electrical household equipment (€-475M or -24.4%).