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2023
Exports $194MWorld Rnk 12 / 183
Flag Rnk 423 / 1216
2023
Destination $12.7M United Kingdom
2022 - 2023
FASTEST GROWING MARKET $12.7MUnited Kingdom
2023
PRODUCT COMPLEXITY IN Compasses0.63Rnk 316 / 1025
2023
Imports $341MWorld Rnk 8 / 217
Flag Rnk 310 / 1213
2023
Origin $20.2M United States
2022 - 2023
FASTEST GROWING ORIGIN $20.2MGermany
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $194M in Compasses, making it the 12th largest exporter of Compasses in the world. At the same year, Compasses was the 423rd most exported product in Italy. The main destination of Compasses exports from Italy are: United Kingdom ($83.3M), Turkey ($18.8M), United States ($12.6M), Germany ($11M), and Netherlands ($8.24M).

The fastest growing export markets for Compasses of Italy between 2022 and 2023 were United Kingdom ($12.7M), Turkey ($8.09M), and Brazil ($1.29M).

Imports In 2023, Italy imported $341M in Compasses, becoming the 8th largest importer of Compasses in the world. At the same year, Compasses was the 310th most imported product in Italy. Italy imports Compasses primarily from: United States ($139M), Germany ($54.1M), United Kingdom ($47.6M), Netherlands ($25.9M), and France ($15.8M).

The fastest growing import markets in Compasses for Italy between 2022 and 2023 were Germany ($20.2M), Turkey ($4.07M), and Ireland ($3.73M).

Latest Trends

November 2024

About

Overview In November 2024 Italy's Compasses exports accounted up to €20.5M and imports accounted up to €31.3M, resulting in a negative trade balance of €10.8M. Between November 2023 and November 2024 the exports of Italy's   Compasses have increased by €596k (2.99%) from €19.9M to €20.5M, while imports increased by €7.97M (34.2%) from €23.3M to €31.3M.

Destinations In November 2024, Compasses were exported mostly to United Kingdom (€5.76M), Germany (€4.58M), United States (€2.91M), Qatar (€1.89M), and Malaysia (€1.03M), and were imported mostly from United States (€18.7M), Germany (€3.67M), United Kingdom (€2.01M), Netherlands (€1.88M), and France (€1.27M).

Growth In November 2024, the increase in Compasses's year-by-year exports was explained primarily by an increase in exports to Germany (€2.07M or 140%), Spain (€596k or 191%), and United States (€445k or 32.4%). In November 2024, the increase in Compasses's year-by-year imports was explained primarily by an increase in imports from United States (€3.83M or 70%), Spain (€1.86M or 727%), and Germany (€792k or 77.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€596k(2.99%)
IMPORT GROWTH (November 2023 - November 2024)€7.97M(34.2%)
MAIN DESTINATION (November 2024)United Kingdom€5.76M

This section shows Compasses'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 Compasses over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$194M
IMPORTS (2023)$341M
NET TRADE (2023)-$147M

In 2023, Italy exported $194M in Compasses. The main destinations of Italy exports on Compasses were United Kingdom ($83.3M), Turkey ($18.8M), United States ($12.6M), Germany ($11M), and Netherlands ($8.24M).

In 2023, Italy imported $341M in Compasses, mainly from United States ($139M), Germany ($54.1M), United Kingdom ($47.6M), Netherlands ($25.9M), and France ($15.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Compasses EXPORT MARKETS FOR Italy WERE (2022 - 2023):
United Kingdom$12.7M (18%)
Turkey$8.09M (75.4%)
Brazil$1.29M (144%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Compasses BY Italy WERE (2022 - 2023):
Kuwait-$14.8M (-91.9%)
Algeria-$14M (-91.2%)
Qatar-$4.84M (-70.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Compasses were:
United States $2.48B
France $1.21B
United Kingdom $601M
In 2023, Italy's main importing competitors in Compasses were:
United States $1.55B
France $513M
United Kingdom $503M

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Trade Value of Compasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $9.96M
TOP IMPORT POTENTIALFrance+ $11.5M

Compasses’s highest export potential is United States. With an export gap of $9.96M.   Compasses’s highest import potential is France with an import gap of $11.5M.

See methodology.

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