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Pricing

2023
Exports $645MWorld Rnk 5 / 197
Flag Rnk 209 / 1216
2023
Destination $17.8M United States
2022 - 2023
FASTEST GROWING MARKET $17.8MPoland
2023
PRODUCT COMPLEXITY IN Electric Soldering Equipment1.73Rnk 19 / 1025
2023
Imports $293MWorld Rnk 9 / 224
Flag Rnk 348 / 1213
2023
Origin $17.4M Germany
2022 - 2023
FASTEST GROWING ORIGIN $17.4MGermany
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $645M in Electric Soldering Equipment, making it the 5th largest exporter of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 209th most exported product in Italy. The main destination of Electric Soldering Equipment exports from Italy are: United States ($60.5M), Germany ($59.1M), Poland ($55M), Turkey ($44.2M), and France ($26.3M).

The fastest growing export markets for Electric Soldering Equipment of Italy between 2022 and 2023 were Poland ($17.8M), Turkey ($12.7M), and Czechia ($9.76M).

Imports In 2023, Italy imported $293M in Electric Soldering Equipment, becoming the 9th largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 348th most imported product in Italy. Italy imports Electric Soldering Equipment primarily from: Germany ($104M), France ($20.3M), Austria ($20.3M), China ($20.3M), and Switzerland ($19.4M).

The fastest growing import markets in Electric Soldering Equipment for Italy between 2022 and 2023 were Germany ($17.4M), France ($8.27M), and Switzerland ($6.61M).

COMPANIES In 2023, leading companies such as ABB Motors and Mechanical (2), L'Oreal (2), and Marelli Automotive Lighting (1) were at the forefront of shipping Electric Soldering Equipment from Italy to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Italy's Electric Soldering Equipment exports accounted up to €41.6M and imports accounted up to €22M, resulting in a positive trade balance of €19.6M. Between October 2023 and October 2024 the exports of Italy's   Electric Soldering Equipment have decreased by €-12M (-22.3%) from €53.5M to €41.6M, while imports decreased by €-560k (-2.48%) from €22.6M to €22M.

Destinations In October 2024, Electric Soldering Equipment were exported mostly to United States (€5.26M), France (€3.68M), Spain (€3.45M), Germany (€3.22M), and Mexico (€2.89M), and were imported mostly from Germany (€9.32M), China (€2.85M), Poland (€2M), France (€1.66M), and Austria (€1.13M).

Growth In October 2024, the decrease in Electric Soldering Equipment's year-by-year exports was explained primarily by a decrease in exports to Indonesia (€-1.78M or -67%), Japan (€-959k or -92.6%), and China (€-888k or -76.1%). In October 2024, the decrease in Electric Soldering Equipment's year-by-year imports was explained primarily by a decrease in imports from Germany (€-2.2M or -33.8%), China (€-1.43M or -54.5%), and Austria (€-1.3M or -57.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€-12M(-22.3%)
IMPORT GROWTH (October 2023 - October 2024)€-560k(-2.48%)
MAIN DESTINATION (October 2024)United States€5.26M

This section shows Electric Soldering Equipment'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 Electric Soldering Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$645M
IMPORTS (2023)$293M
NET TRADE (2023)$352M

In 2023, Italy exported $645M in Electric Soldering Equipment. The main destinations of Italy exports on Electric Soldering Equipment were United States ($60.5M), Germany ($59.1M), Poland ($55M), Turkey ($44.2M), and France ($26.3M).

In 2023, Italy imported $293M in Electric Soldering Equipment, mainly from Germany ($104M), France ($20.3M), Austria ($20.3M), China ($20.3M), and Switzerland ($19.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Soldering Equipment EXPORT MARKETS FOR Italy WERE (2022 - 2023):
Poland$17.8M (47.9%)
Turkey$12.7M (40.4%)
Czechia$9.76M (210%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Soldering Equipment BY Italy WERE (2022 - 2023):
United States-$13.7M (-18.5%)
China-$12.2M (-48%)
Austria-$4.55M (-48.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Electric Soldering Equipment were:
China $2.67B
Germany $2.28B
United States $1.25B
In 2023, Italy's main importing competitors in Electric Soldering Equipment were:
United States $1.89B
Mexico $1.02B
China $803M

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Trade Value of Electric Soldering Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $20.7M
TOP IMPORT POTENTIALChina+ $14.7M

Electric Soldering Equipment’s highest export potential is United States. With an export gap of $20.7M.   Electric Soldering Equipment’s highest import potential is China with an import gap of $14.7M.

See methodology.

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