Overview In Second Quarter 2024 Veneto exported $17.8B and imported $14.2B, resulting in a positive trade balance of $3.54B. Between Second Quarter 2023 and Second Quarter 2024 the exports of Veneto have decreased by $-369M (-2.03%) from $18.1B to $17.8B, while imports decreased by $-618M (-4.16%) from $14.8B to $14.2B.
Trade In Second Quarter 2024, the top exports of Veneto were Machinery and equipment nec (€3.69B), Products from other manufacturing industries (€2.14B), Electrical equipment and non-electrical household equipment (€1.44B), Food products (€1.14B), and Leather goods (excluding clothing) and similar (€1.06B). In Second Quarter 2024 the top imports of Veneto were Motor vehicles, trailers and semi-trailers (€2.34B), Food products (€1.23B), Chemicals (€1.07B), Machinery and equipment nec (€1.05B), and Metallurgy products (€998M).
Destinations In Second Quarter 2024, Veneto exported mostly to Germany (€2.72B), United States (€1.91B), Spain (€1.04B), United Kingdom (€910M), and Poland (€758M), and imported mostly from Germany (€3.08B), China (€1.42B), Spain (€996M), Netherlands (€805M), and Austria (€614M).
Growth In Second Quarter 2024, the decrease in Veneto's year-by-year exports was explained primarily by an decrease in exports to Germany (€-179M or -6.16%), Qatar (€-143M or -84.7%), and United States (€-92.3M or -4.61%), and product exports decrease in Other means of transport (€-134M or -35.1%), Leather goods (excluding clothing) and similar (€-107M or -9.15%), and Metallurgy products (€-98M or -8.79%). In Second Quarter 2024, the decrease in Veneto's year-by-year imports was explained primarily by an decrease in imports from Germany ($-144M or -4.46%), United States ($-126M or -31.3%), and Greece ($-108M or -46%), and product imports decrease in Machinery and equipment nec (€-141M or -11.9%), Crude oil and natural gas (€-140M or -18.1%), and Metallurgy products (€-120M or -10.7%).