Milano

Overview In Second Quarter 2024 Milano exported $13.1B and imported $19.8B, resulting in a negative trade balance of $6.64B. Between Second Quarter 2023 and Second Quarter 2024 the exports of Milano have decreased by $-304M (-2.27%) from $13.4B to $13.1B, while imports increased by $27.8M (0.14%) from $19.7B to $19.8B.

Trade In Second Quarter 2024, the top exports of Milano were Machinery and equipment nec (€1.99B), Chemicals (€1.66B), Basic pharmaceutical products and pharmaceutical preparations (€1.25B), Articles of clothing (including leather and... (€1.16B), and Electrical equipment and non-electrical household equipment (€1.15B). In Second Quarter 2024 the top imports of Milano were N/A.

Destinations In Second Quarter 2024, Milano exported mostly to United States (€1.63B), Switzerland (€1.54B), Germany (€1.06B), China (€682M), and United Kingdom (€652M), and imported mostly from Germany (€4.13B), Netherlands (€2.66B), China (€2.03B), Switzerland (€1.31B), and Spain (€1.09B).

Growth In Second Quarter 2024, the decrease in Milano's year-by-year exports was explained primarily by an decrease in exports to China (€-141M or -17.1%), Switzerland (€-113M or -6.85%), and Belgium (€-84.3M or -28.1%), and product exports decrease in Leather goods (excluding clothing) and similar (€-250M or -20%), Basic pharmaceutical products and pharmaceutical preparations (€-203M or -14%), and Coke and products derived from petroleum... (€-71.4M or -63.1%). In Second Quarter 2024, the increase in Milano's year-by-year imports was explained primarily by an increase in imports from Switzerland ($219M or 20.1%), Spain ($152M or 16.2%), and Ireland ($89.8M or 34.3%), and product imports increase in Motor vehicles, trailers and semi-trailers (€239M or 18.5%), Basic pharmaceutical products and pharmaceutical preparations (€238M or 13.8%), and Chemicals (€168M or 7.42%).