2022
Exports
$360MWorld Rnk 2 / 126
Flag Rnk 301 / 1217
2022
PRODUCT COMPLEXITY IN Casting Machines
0.63Rnk 304 / 1025
2022
Imports
$88.4MWorld Rnk 8 / 183
Flag Rnk 616 / 1215
2022
ECONOMIC COMPLEXITY of Italy
1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $360M in Casting Machines, making it the 2nd largest exporter of Casting Machines in the world. At the same year, Casting Machines was the 301st most exported product in Italy. The main destination of Casting Machines exports from Italy are: United States ($50M), Germany ($49.3M), China ($43.4M), Mexico ($30.2M), and Czechia ($19.3M).

The fastest growing export markets for Casting Machines of Italy between 2021 and 2022 were Czechia ($14.4M), Germany ($14.2M), and China ($7.85M).

Imports In 2022, Italy imported $88.4M in Casting Machines, becoming the 8th largest importer of Casting Machines in the world. At the same year, Casting Machines was the 616th most imported product in Italy. Italy imports Casting Machines primarily from: Germany ($26.7M), China ($24.7M), Czechia ($7.2M), Poland ($6.29M), and Austria ($5.18M).

The fastest growing import markets in Casting Machines for Italy between 2021 and 2022 were China ($1.97M), Germany ($1.75M), and Belgium ($1.46M).

COMPANIES In 2023, leading companies such as Parker (15), ABB Motors and Mechanical (9), and RHI Magnesita (7) were at the forefront of shipping Casting Machines from Italy to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€11.6M(44.9%)
IMPORT GROWTH (July 2023 - July 2024)€-2.05M(-22.4%)
MAIN DESTINATION (July 2024)Egypt€11.1M

This section shows Casting Machines'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 Casting Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$360M
IMPORTS (2022)$88.4M
NET TRADE (2022)$272M

In 2022, Italy exported $360M in Casting Machines. The main destinations of Italy exports on Casting Machines were United States ($50M), Germany ($49.3M), China ($43.4M), Mexico ($30.2M), and Czechia ($19.3M).

In 2022, Italy imported $88.4M in Casting Machines, mainly from Germany ($26.7M), China ($24.7M), Czechia ($7.2M), Poland ($6.29M), and Austria ($5.18M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Casting Machines EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Czechia$14.4M (293%)
Germany$14.2M (40.2%)
China$7.85M (22.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Casting Machines BY Italy WERE (2021 - 2022):
Mexico-$4.13M (-12%)
Hungary-$3.6M (-30.5%)
Iran-$3.58M (-75%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Casting Machines were:
China $862M
Japan $267M
In 2022, Italy's main importing competitors in Casting Machines were:

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Trade Value of Casting Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $5.69M
TOP IMPORT POTENTIALChina+ $3.26M

Casting Machines’s highest export potential is India. With an export gap of $5.69M.   Casting Machines’s highest import potential is China with an import gap of $3.26M.

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