Basketwork in Italy | The Observatory of Economic Complexity

About

Exports In 2022, Italy exported $25.9M in Basketwork, making it the 14th largest exporter of Basketwork in the world. At the same year, Basketwork was the 825th most exported product in Italy. The main destination of Basketwork exports from Italy are: France ($6.99M), Switzerland ($2.92M), United States ($2.18M), Spain ($1.97M), and Germany ($1.68M).

The fastest growing export markets for Basketwork of Italy between 2021 and 2022 were France ($3.37M), Spain ($1.06M), and Switzerland ($848k).

Imports In 2022, Italy imported $68.8M in Basketwork, becoming the 9th largest importer of Basketwork in the world. At the same year, Basketwork was the 688th most imported product in Italy. Italy imports Basketwork primarily from: China ($27.8M), Vietnam ($7.5M), France ($5.77M), Madagascar ($4.46M), and Greece ($4.29M).

The fastest growing import markets in Basketwork for Italy between 2021 and 2022 were Greece ($3.46M), Madagascar ($2.6M), and Vietnam ($1.87M).

Latest Trends

February 2024

About

Overview In February 2024 Italy's Basketwork exports accounted up to €2.77M and imports accounted up to €2.74M, resulting in a positive trade balance of €32.7k. Between February 2023 and February 2024 the exports of Italy's Basketwork have increased by €598k (27.5%) from €2.17M to €2.77M, while imports decreased by €-2.62M (-48.9%) from €5.36M to €2.74M.

Destinations In February 2024, Basketwork were exported mostly to United States (€1.13M), United Kingdom (€410k), France (€404k), Romania (€262k), and Spain (€139k), and were imported mostly from China (€1.16M), France (€554k), Spain (€330k), Germany (€236k), and Romania (€123k).

Growth In February 2024, the increase in Basketwork's year-by-year exports was explained primarily by an increase in exports to United Kingdom (€45.4k or 109%), Turkey (€16.4k or 52.6%), and Netherlands (€10.6k or 34.3%). In February 2024, the decrease in Basketwork's year-by-year imports was explained primarily by a decrease in imports from China (€-729k or -38.8%), Indonesia (€-163k or -63.5%), and Belgium (€-30k or -34.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)€598k(27.5%)

IMPORT GROWTH (February 2023 - February 2024)€-2.62M(-48.9%)

MAIN DESTINATION (February 2024)United States€1.13M

This section shows Basketwork's exports and imports data at subnational level for Italy. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Basketwork over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$25.9M

IMPORTS (2022)$68.8M

NET TRADE (2022)-$43M

In 2022, Italy exported $25.9M in Basketwork. The main destinations of Italy exports on Basketwork were France ($6.99M), Switzerland ($2.92M), United States ($2.18M), Spain ($1.97M), and Germany ($1.68M).

In 2022, Italy imported $68.8M in Basketwork, mainly from China ($27.8M), Vietnam ($7.5M), France ($5.77M), Madagascar ($4.46M), and Greece ($4.29M).

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