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2022
Exports $2.31BWorld Rnk 7 / 186
Flag Rnk 62 / 1217
2022
Destination $46.5M United States
2021 - 2022
FASTEST GROWING MARKET $46.5MTurkey
2022
PRODUCT COMPLEXITY IN Combustion Engines1.13Rnk 126 / 1025
2022
Imports $1.29BWorld Rnk 8 / 220
Flag Rnk 100 / 1215
2022
Origin $42.7M Germany
2021 - 2022
FASTEST GROWING ORIGIN $42.7MIndia
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $2.31B in Combustion Engines, making it the 7th largest exporter of Combustion Engines in the world. At the same year, Combustion Engines was the 62nd most exported product in Italy. The main destination of Combustion Engines exports from Italy are: United States ($536M), Turkey ($284M), Japan ($196M), Spain ($172M), and United Kingdom ($158M).

The fastest growing export markets for Combustion Engines of Italy between 2021 and 2022 were Turkey ($46.5M), Japan ($37.1M), and South Korea ($24.6M).

Imports In 2022, Italy imported $1.29B in Combustion Engines, becoming the 8th largest importer of Combustion Engines in the world. At the same year, Combustion Engines was the 100th most imported product in Italy. Italy imports Combustion Engines primarily from: Germany ($333M), France ($290M), United Kingdom ($127M), Japan ($104M), and Sweden ($98.1M).

The fastest growing import markets in Combustion Engines for Italy between 2021 and 2022 were India ($42.7M), United Kingdom ($28.9M), and Sweden ($19.6M).

COMPANIES In 2023, leading companies such as CNH Industrial (1) were at the forefront of shipping Combustion Engines from Italy to the United States.

Latest Trends

March 2024

About

Overview In March 2024 Italy's Combustion Engines exports accounted up to €143M and imports accounted up to €88.1M, resulting in a positive trade balance of €55.4M. Between March 2023 and March 2024 the exports of Italy's   Combustion Engines have decreased by €-96.7M (-40.3%) from €240M to €143M, while imports decreased by €-29.3M (-25%) from €117M to €88.1M.

Destinations In March 2024, Combustion Engines were exported mostly to United States (€27.9M), Spain (€18.4M), Turkey (€14.6M), United Kingdom (€9.29M), and Brazil (€8.51M), and were imported mostly from Germany (€24.3M), France (€20.7M), China (€12.6M), United Kingdom (€6.71M), and Sweden (€6.22M).

Growth In March 2024, the decrease in Combustion Engines's year-by-year exports was explained primarily by a decrease in exports to South Korea (€-28.1M or -94.9%), Turkey (€-11.2M or -55.9%), and Brazil (€-5.76M or -67.4%). In March 2024, the decrease in Combustion Engines's year-by-year imports was explained primarily by a decrease in imports from Poland (€-6.41M or -38.2%), South Korea (€-791k or -43%), and Netherlands (€-390k or -59.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)€-96.7M(-40.3%)
IMPORT GROWTH (March 2023 - March 2024)€-29.3M(-25%)
MAIN DESTINATION (March 2024)United States€27.9M

This section shows Combustion Engines'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 Combustion Engines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.31B
IMPORTS (2022)$1.29B
NET TRADE (2022)$1.02B

In 2022, Italy exported $2.31B in Combustion Engines. The main destinations of Italy exports on Combustion Engines were United States ($536M), Turkey ($284M), Japan ($196M), Spain ($172M), and United Kingdom ($158M).

In 2022, Italy imported $1.29B in Combustion Engines, mainly from Germany ($333M), France ($290M), United Kingdom ($127M), Japan ($104M), and Sweden ($98.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Combustion Engines EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Turkey$46.5M (19.6%)
Japan$37.1M (23.3%)
South Korea$24.6M (28.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Combustion Engines BY Italy WERE (2021 - 2022):
United States-$98.5M (-15.5%)
Brazil-$67.9M (-32.5%)
Spain-$22.4M (-11.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Combustion Engines were:
United States $8.39B
Germany $5.58B
Japan $4.24B
In 2022, Italy's main importing competitors in Combustion Engines were:
United States $5.93B
Mexico $5.75B
Germany $3.93B

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Trade Value of Combustion Engines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $60.5M
TOP IMPORT POTENTIALFrance+ $48.5M

Combustion Engines’s highest export potential is France. With an export gap of $60.5M.   Combustion Engines’s highest import potential is France with an import gap of $48.5M.

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