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2023
Exports $181MWorld Rnk 6 / 185
Flag Rnk 444 / 1216
2023
Destination $20M United States
2022 - 2023
FASTEST GROWING MARKET $20MUnited States
2023
PRODUCT COMPLEXITY IN Cutting Blades1.39Rnk 64 / 1025
2023
Imports $109MWorld Rnk 8 / 221
Flag Rnk 558 / 1213
2023
Origin $6.42M Germany
2022 - 2023
FASTEST GROWING ORIGIN $6.42MAustria
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $181M in Cutting Blades, making it the 6th largest exporter of Cutting Blades in the world. At the same year, Cutting Blades was the 444th most exported product in Italy. The main destination of Cutting Blades exports from Italy are: United States ($37.2M), Germany ($19.3M), France ($8.46M), Canada ($6.83M), and Mexico ($6.78M).

The fastest growing export markets for Cutting Blades of Italy between 2022 and 2023 were United States ($20M), Canada ($2.48M), and Turkey ($1.72M).

Imports In 2023, Italy imported $109M in Cutting Blades, becoming the 8th largest importer of Cutting Blades in the world. At the same year, Cutting Blades was the 558th most imported product in Italy. Italy imports Cutting Blades primarily from: Germany ($35.8M), Austria ($16.1M), China ($11.1M), France ($8.91M), and United States ($4.14M).

The fastest growing import markets in Cutting Blades for Italy between 2022 and 2023 were Austria ($6.42M), Germany ($4.06M), and China ($2M).

Latest Trends

November 2024

About

Overview In November 2024 Italy's Cutting Blades exports accounted up to €9.74M and imports accounted up to €5.67M, resulting in a positive trade balance of €4.07M. Between November 2023 and November 2024 the exports of Italy's   Cutting Blades have decreased by €-1.67M (-14.7%) from €11.4M to €9.74M, while imports decreased by €-1.08M (-16%) from €6.75M to €5.67M.

Destinations In November 2024, Cutting Blades were exported mostly to United States (€3.24M), Germany (€2.15M), France (€615k), Spain (€456k), and Poland (€332k), and were imported mostly from Germany (€2.65M), France (€807k), China (€726k), Austria (€322k), and Denmark (€168k).

Growth In November 2024, the decrease in Cutting Blades's year-by-year exports was explained primarily by a decrease in exports to United Kingdom (€-96.4k or -29%), Czechia (€-59.5k or -44.9%), and Turkey (€-47.7k or -30.7%). In November 2024, the decrease in Cutting Blades's year-by-year imports was explained primarily by a decrease in imports from Netherlands (€-192k or -58.2%), Belgium (€-39.4k or -23.6%), and Romania (€-27k or -45.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€-1.67M(-14.7%)
IMPORT GROWTH (November 2023 - November 2024)€-1.08M(-16%)
MAIN DESTINATION (November 2024)United States€3.24M

This section shows Cutting Blades'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 Cutting Blades over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$181M
IMPORTS (2023)$109M
NET TRADE (2023)$71.5M

In 2023, Italy exported $181M in Cutting Blades. The main destinations of Italy exports on Cutting Blades were United States ($37.2M), Germany ($19.3M), France ($8.46M), Canada ($6.83M), and Mexico ($6.78M).

In 2023, Italy imported $109M in Cutting Blades, mainly from Germany ($35.8M), Austria ($16.1M), China ($11.1M), France ($8.91M), and United States ($4.14M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cutting Blades EXPORT MARKETS FOR Italy WERE (2022 - 2023):
United States$20M (116%)
Canada$2.48M (57.1%)
Turkey$1.72M (58.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cutting Blades BY Italy WERE (2022 - 2023):
Germany-$6.37M (-24.8%)
France-$3.33M (-28.2%)
Netherlands-$1.23M (-33.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Cutting Blades were:
Germany $692M
China $679M
United States $364M
In 2023, Italy's main importing competitors in Cutting Blades were:
United States $498M
Germany $298M
China $206M

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Trade Value of Cutting Blades by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.21M
TOP IMPORT POTENTIALChina+ $4.25M

Cutting Blades’s highest export potential is United States. With an export gap of $5.21M.   Cutting Blades’s highest import potential is China with an import gap of $4.25M.

See methodology.

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