Overview In Third Quarter 2024 Piemonte exported $11.7B and imported $8.73B, resulting in a positive trade balance of $2.96B. Between Third Quarter 2023 and Third Quarter 2024 the exports of Piemonte have decreased by $-187M (-1.57%) from $11.9B to $11.7B, while imports decreased by $-1.04B (-10.7%) from $9.77B to $8.73B.
Trade In Third Quarter 2024, the top exports of Piemonte were Machinery and equipment nec (€2.26B), Motor vehicles, trailers and semi-trailers (€1.92B), Food products (€1.24B), Chemicals (€901M), and Articles in rubber and plastic materials (€759M). In Third Quarter 2024 the top imports of Piemonte were Motor vehicles, trailers and semi-trailers (€1.8B), Machinery and equipment nec (€1.17B), Chemicals (€781M), Agricultural, animal and hunting products (€670M), and Food products (€524M).
Destinations In Third Quarter 2024, Piemonte exported mostly to Germany (€1.93B), United States (€1.18B), Spain (€859M), Poland (€724M), and United Kingdom (€589M), and imported mostly from Germany (€1.39B), China (€867M), Poland (€849M), Spain (€838M), and Netherlands (€479M).
Growth In Third Quarter 2024, the decrease in Piemonte's year-by-year exports was explained primarily by an decrease in exports to Germany (€-269M or -12.3%), United States (€-97.7M or -7.66%), and Turkey (€-67.9M or -19.7%), and product exports decrease in Motor vehicles, trailers and semi-trailers (€-604M or -24%), Electrical equipment and non-electrical household equipment (€-32.2M or -7.29%), and Textile products (€-30.9M or -8.89%). In Third Quarter 2024, the decrease in Piemonte's year-by-year imports was explained primarily by an decrease in imports from Poland ($-330M or -28%), Germany ($-234M or -14.4%), and Hungary ($-221M or -59.6%), and product imports decrease in Motor vehicles, trailers and semi-trailers (€-774M or -30.1%), Electrical equipment and non-electrical household equipment (€-330M or -44.2%), and Computer and electronic and optical products;... (€-96.9M or -19.6%).