Veneto

Overview In First Quarter 2024 Veneto exported $17.1B and imported $14B, resulting in a positive trade balance of $3.14B. Between First Quarter 2023 and First Quarter 2024 the exports of Veneto have decreased by $-3.42B (-16.6%) from $20.6B to $17.1B, while imports decreased by $-3.1B (-18.1%) from $17.1B to $14B.

Trade In First Quarter 2024, the top exports of Veneto were Machinery and equipment n.e.c. (€3.32B), Products from other manufacturing industries (€2.11B), Electrical equipment and non-electrical household equipment (€1.36B), Leather goods (excluding clothing) and similar (€1.11B), and Foodstuffs (€1.11B). In First Quarter 2024 the top imports of Veneto were Motor vehicles, trailers and semi-trailers (€2.59B), Foodstuffs (€1.2B), Chemical products (€975M), Machinery and equipment n.e.c. (€951M), and Metallurgy products (€932M).

Destinations In First Quarter 2024, Veneto exported mostly to Germany (€2.71B), United States (€1.73B), Spain (€1.03B), United Kingdom (€835M), and Poland (€724M), and imported mostly from Germany (€3.33B), China (€1.22B), Spain (€1.06B), Netherlands (€772M), and Austria (€637M).

Growth In First Quarter 2024, the decrease in Veneto's year-by-year exports was explained primarily by an decrease in exports to Germany (€-346M or -11.3%), United States (€-122M or -6.6%), and Qatar (€-73.3M or -71.9%), and product exports decrease in Machinery and equipment n.e.c. (€-564M or -14.5%), Leather goods (excluding clothing) and similar (€-454M or -29.1%), and Metallurgy products (€-322M or -24.6%). In First Quarter 2024, the decrease in Veneto's year-by-year imports was explained primarily by an decrease in imports from Qatar ($-539M or -52.4%), China ($-265M or -17.9%), and Russia ($-137M or -86.6%), and product imports decrease in Crude oil and natural gas (€-657M or -48.9%), Metallurgy products (€-337M or -26.5%), and Machinery and equipment n.e.c. (€-276M or -22.5%).