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2023
Exports $1.36BWorld Rnk 4 / 166
Flag Rnk 107 / 1216
2023
Destination $35.7M United States
2022 - 2023
FASTEST GROWING MARKET $35.7MTurkey
2023
PRODUCT COMPLEXITY IN Cranes0.61Rnk 326 / 1025
2023
Imports $318MWorld Rnk 17 / 218
Flag Rnk 328 / 1213
2023
Origin $42.5MN/A
2022 - 2023
FASTEST GROWING ORIGIN $42.5MChina
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $1.36B in Cranes, making it the 4th largest exporter of Cranes in the world. At the same year, Cranes was the 107th most exported product in Italy. The main destination of Cranes exports from Italy are: United States ($142M), Germany ($103M), France ($102M), Austria ($71.6M), and United Kingdom ($67.4M).

The fastest growing export markets for Cranes of Italy between 2022 and 2023 were Turkey ($35.7M), United States ($32.8M), and Mexico ($15.8M).

Imports In 2023, Italy imported $318M in Cranes, becoming the 17th largest importer of Cranes in the world. At the same year, Cranes was the 328th most imported product in Italy. Italy imports Cranes primarily from: N/A.

The fastest growing import markets in Cranes for Italy between 2022 and 2023 were China ($42.5M), Austria ($20.8M), and Finland ($10.1M).

COMPANIES In 2023, leading companies such as PACCAR Engine (1) and Konecranes (1) were at the forefront of shipping Cranes from Italy to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Italy's Cranes exports accounted up to €84M and imports accounted up to €42.5M, resulting in a positive trade balance of €41.5M. Between October 2023 and November 2024 the exports of Italy's   Cranes have decreased by €-32.8M (-28.1%) from €117M to €84M, while imports increased by €12M (39.2%) from €30.5M to €42.5M.

Destinations In November 2024, Cranes were exported mostly to France (€10.9M), Germany (€7.07M), United States (€5.49M), United Kingdom (€4.41M), and Canada (€4.32M), and were imported mostly from Ireland (€24.4M), Germany (€7.63M), Austria (€2.64M), Slovakia (€2.58M), and Portugal (€1.66M).

Growth In November 2024, the decrease in Cranes's year-by-year exports was explained primarily by a decrease in exports to Belgium (€-2.09M or -56.4%), Mexico (€-1.99M or -72.9%), and Netherlands (€-1.27M or -39.9%). In November 2024, the increase in Cranes's year-by-year imports was explained primarily by an increase in imports from Austria (€3.08M or 283%), Germany (€1.03M or 43.4%), and France (€380k or 174%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - November 2024)€-32.8M(-28.1%)
IMPORT GROWTH (October 2023 - November 2024)€12M(39.2%)
MAIN DESTINATION (November 2024)France€10.9M

This section shows Cranes'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 Cranes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.36B
IMPORTS (2023)$318M
NET TRADE (2023)$1.05B

In 2023, Italy exported $1.36B in Cranes. The main destinations of Italy exports on Cranes were United States ($142M), Germany ($103M), France ($102M), Austria ($71.6M), and United Kingdom ($67.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cranes EXPORT MARKETS FOR Italy WERE (2022 - 2023):
Turkey$35.7M (297%)
United States$32.8M (30.1%)
Mexico$15.8M (68%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cranes BY Italy WERE (2022 - 2023):
Russia-$11.7M (-100%)
Sweden-$7.74M (-43.4%)
Hong Kong-$6.08M (-28.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Cranes were:
China $4.99B
Germany $2.67B
Japan $1.4B
In 2023, Italy's main importing competitors in Cranes were:
United States $2.13B
India $1.03B
Germany $666M

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Trade Value of Cranes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $21.8M
TOP IMPORT POTENTIALAustria+ $10M

Cranes’s highest export potential is United States. With an export gap of $21.8M.   Cranes’s highest import potential is Austria with an import gap of $10M.

See methodology.

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