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2022
Exports $271MWorld Rnk 7 / 179
Flag Rnk 355 / 1217
2022
Destination $47M United Kingdom
2021 - 2022
FASTEST GROWING MARKET $47MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Compasses0.89Rnk 212 / 1025
2022
Imports $259MWorld Rnk 6 / 211
Flag Rnk 378 / 1215
2022
Origin $36.5M United States
2021 - 2022
FASTEST GROWING ORIGIN $36.5MUnited States
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $271M in Compasses, making it the 7th largest exporter of Compasses in the world. At the same year, Compasses was the 355th most exported product in Italy. The main destination of Compasses exports from Italy are: United Kingdom ($84.7M), United States ($34.2M), Germany ($21.4M), Kuwait ($16.5M), and Algeria ($15.3M).

The fastest growing export markets for Compasses of Italy between 2021 and 2022 were United Kingdom ($47M), United States ($18.1M), and Germany ($13.7M).

Imports In 2022, Italy imported $259M in Compasses, becoming the 6th largest importer of Compasses in the world. At the same year, Compasses was the 378th most imported product in Italy. Italy imports Compasses primarily from: United States ($99.7M), United Kingdom ($48.8M), Germany ($26.7M), Netherlands ($24.2M), and France ($9.99M).

The fastest growing import markets in Compasses for Italy between 2021 and 2022 were United States ($36.5M), Netherlands ($5.53M), and Norway ($4.22M).

Latest Trends

August 2024

About

Overview In August 2024 Italy's Compasses exports accounted up to €15.2M and imports accounted up to €25.1M, resulting in a negative trade balance of €9.87M. Between August 2023 and August 2024 the exports of Italy's   Compasses have increased by €3.28M (27.5%) from €11.9M to €15.2M, while imports increased by €5.58M (28.6%) from €19.5M to €25.1M.

Destinations In August 2024, Compasses were exported mostly to United Kingdom (€3.36M), Turkey (€2.07M), Germany (€1.73M), United States (€1.36M), and Japan (€1.2M), and were imported mostly from United States (€15.1M), United Kingdom (€2.91M), Germany (€2.73M), Netherlands (€1.22M), and France (€706k).

Growth In August 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 August 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 (August 2023 - August 2024)€3.28M(27.5%)
IMPORT GROWTH (August 2023 - August 2024)€5.58M(28.6%)
MAIN DESTINATION (August 2024)United Kingdom€3.36M

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 (2022)$271M
IMPORTS (2022)$259M
NET TRADE (2022)$11.9M

In 2022, Italy exported $271M in Compasses. The main destinations of Italy exports on Compasses were United Kingdom ($84.7M), United States ($34.2M), Germany ($21.4M), Kuwait ($16.5M), and Algeria ($15.3M).

In 2022, Italy imported $259M in Compasses, mainly from United States ($99.7M), United Kingdom ($48.8M), Germany ($26.7M), Netherlands ($24.2M), and France ($9.99M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Compasses EXPORT MARKETS FOR Italy WERE (2021 - 2022):
United Kingdom$47M (125%)
United States$18.1M (113%)
Germany$13.7M (177%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Compasses BY Italy WERE (2021 - 2022):
Japan-$1.93M (-35.4%)
Portugal-$1.71M (-47.3%)
Russia-$1.51M (-88.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Compasses were:
United States $1.62B
United Kingdom $1.13B
France $911M
In 2022, Italy's main importing competitors in Compasses were:
United States $1.53B
United Kingdom $571M
France $529M

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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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