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2022
Exports $604MWorld Rnk 6 / 201
Flag Rnk 217 / 1217
2022
Destination $17.5M United States
2021 - 2022
FASTEST GROWING MARKET $17.5MUnited States
2022
PRODUCT COMPLEXITY IN Electric Soldering Equipment1.96Rnk 7 / 1025
2022
Imports $305MWorld Rnk 10 / 220
Flag Rnk 346 / 1215
2022
Origin $4.34M Germany
2021 - 2022
FASTEST GROWING ORIGIN $4.34MGermany
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $604M in Electric Soldering Equipment, making it the 6th largest exporter of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 217th most exported product in Italy. The main destination of Electric Soldering Equipment exports from Italy are: United States ($75.9M), Germany ($72.2M), Poland ($52.9M), France ($33.4M), and Turkey ($32.6M).

The fastest growing export markets for Electric Soldering Equipment of Italy between 2021 and 2022 were United States ($17.5M), Poland ($14.2M), and Germany ($10.2M).

Imports In 2022, Italy imported $305M in Electric Soldering Equipment, becoming the 10th largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 346th most imported product in Italy. Italy imports Electric Soldering Equipment primarily from: Germany ($93M), Sweden ($51.4M), China ($27.6M), Austria ($15.9M), and Switzerland ($15.7M).

The fastest growing import markets in Electric Soldering Equipment for Italy between 2021 and 2022 were Germany ($4.34M), United States ($1.94M), and Sweden ($1.55M).

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

July 2024

About

Overview In July 2024 Italy's Electric Soldering Equipment exports accounted up to €65.2M and imports accounted up to €29.7M, resulting in a positive trade balance of €35.5M. Between July 2023 and July 2024 the exports of Italy's   Electric Soldering Equipment have increased by €17.5M (36.6%) from €47.7M to €65.2M, while imports increased by €12.4M (71.4%) from €17.3M to €29.7M.

Destinations In July 2024, Electric Soldering Equipment were exported mostly to Germany (€8.44M), Turkey (€6.77M), Mexico (€5.8M), Poland (€5.28M), and United Kingdom (€5.27M), and were imported mostly from China (€12.6M), Germany (€8.82M), France (€2.79M), Austria (€919k), and Sweden (€733k).

Growth In July 2024, the increase in Electric Soldering Equipment's year-by-year exports was explained primarily by an increase in exports to Poland (€2.8M or 85.4%), Germany (€1.35M or 35.1%), and Mexico (€1.34M or 532%). In July 2024, the increase in Electric Soldering Equipment's year-by-year imports was explained primarily by an increase in imports from Sweden (€1.12M or 835%), France (€623k or 72.7%), and United States (€603k or 116%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€17.5M(36.6%)
IMPORT GROWTH (July 2023 - July 2024)€12.4M(71.4%)
MAIN DESTINATION (July 2024)Germany€8.44M

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 (2022)$604M
IMPORTS (2022)$305M
NET TRADE (2022)$299M

In 2022, Italy exported $604M in Electric Soldering Equipment. The main destinations of Italy exports on Electric Soldering Equipment were United States ($75.9M), Germany ($72.2M), Poland ($52.9M), France ($33.4M), and Turkey ($32.6M).

In 2022, Italy imported $305M in Electric Soldering Equipment, mainly from Germany ($93M), Sweden ($51.4M), China ($27.6M), Austria ($15.9M), and Switzerland ($15.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Soldering Equipment EXPORT MARKETS FOR Italy WERE (2021 - 2022):
United States$17.5M (30%)
Poland$14.2M (36.8%)
Germany$10.2M (16.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Soldering Equipment BY Italy WERE (2021 - 2022):
France-$17.2M (-33.9%)
Brazil-$3.19M (-19.6%)
Uzbekistan-$3.18M (-79%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Electric Soldering Equipment were:
China $2.65B
Germany $2.39B
United States $1.09B
In 2022, Italy's main importing competitors in Electric Soldering Equipment were:
United States $1.95B
China $965M
Germany $855M

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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.

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