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2022
Exports $1.37BWorld Rnk 9 / 218
Flag Rnk 116 / 1217
2022
Destination $35.7M France
2021 - 2022
FASTEST GROWING MARKET $35.7MFrance
2022
PRODUCT COMPLEXITY IN Electrical Power Accessories0.91Rnk 204 / 1025
2022
Imports $1.38BWorld Rnk 6 / 225
Flag Rnk 95 / 1215
2022
Origin $56.3M Germany
2021 - 2022
FASTEST GROWING ORIGIN $56.3MChina
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $1.37B in Electrical Power Accessories, making it the 9th largest exporter of Electrical Power Accessories in the world. At the same year, Electrical Power Accessories was the 116th most exported product in Italy. The main destination of Electrical Power Accessories exports from Italy are: France ($201M), United States ($152M), Germany ($89.1M), Romania ($71.4M), and Tunisia ($60.1M).

The fastest growing export markets for Electrical Power Accessories of Italy between 2021 and 2022 were France ($35.7M), United States ($34.1M), and Mexico ($7.68M).

Imports In 2022, Italy imported $1.38B in Electrical Power Accessories, becoming the 6th largest importer of Electrical Power Accessories in the world. At the same year, Electrical Power Accessories was the 95th most imported product in Italy. Italy imports Electrical Power Accessories primarily from: Germany ($385M), China ($178M), Czechia ($135M), France ($127M), and Bulgaria ($85.8M).

The fastest growing import markets in Electrical Power Accessories for Italy between 2021 and 2022 were China ($56.3M), Czechia ($24M), and India ($5.69M).

COMPANIES In 2023, leading companies such as ABB Motors and Mechanical (72) were at the forefront of shipping Electrical Power Accessories from Italy to the United States.

Latest Trends

March 2024

About

Overview In March 2024 Italy's Electrical Power Accessories exports accounted up to €117M and imports accounted up to €139M, resulting in a negative trade balance of €22M. Between March 2023 and March 2024 the exports of Italy's   Electrical Power Accessories have decreased by €-12.5M (-9.63%) from €130M to €117M, while imports decreased by €-105M (-42.9%) from €244M to €139M.

Destinations In March 2024, Electrical Power Accessories were exported mostly to United States (€24M), France (€14.9M), Germany (€7.66M), Tunisia (€5.88M), and Romania (€5.42M), and were imported mostly from Germany (€32.6M), France (€13.5M), China (€13.4M), Bulgaria (€9.96M), and Tunisia (€6.08M).

Growth In March 2024, the decrease in Electrical Power Accessories's year-by-year exports was explained primarily by a decrease in exports to France (€-2.09M or -11.9%), Singapore (€-1.17M or -71%), and Slovakia (€-536k or -49%). In March 2024, the decrease in Electrical Power Accessories's year-by-year imports was explained primarily by a decrease in imports from Romania (€-739k or -17.2%), China (€-721k or -5.19%), and Chinese Taipei (€-116k or -28%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)€-12.5M(-9.63%)
IMPORT GROWTH (March 2023 - March 2024)€-105M(-42.9%)
MAIN DESTINATION (March 2024)United States€24M

This section shows Electrical Power Accessories'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 Electrical Power Accessories over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.37B
IMPORTS (2022)$1.38B
NET TRADE (2022)-$14.4M

In 2022, Italy exported $1.37B in Electrical Power Accessories. The main destinations of Italy exports on Electrical Power Accessories were France ($201M), United States ($152M), Germany ($89.1M), Romania ($71.4M), and Tunisia ($60.1M).

In 2022, Italy imported $1.38B in Electrical Power Accessories, mainly from Germany ($385M), China ($178M), Czechia ($135M), France ($127M), and Bulgaria ($85.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Power Accessories EXPORT MARKETS FOR Italy WERE (2021 - 2022):
France$35.7M (21.6%)
United States$34.1M (28.9%)
Mexico$7.68M (71.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Power Accessories BY Italy WERE (2021 - 2022):
Hungary-$9.72M (-21.3%)
Russia-$4.56M (-25.7%)
Thailand-$3.85M (-69.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Electrical Power Accessories were:
China $6.47B
Germany $6.36B
United States $4.96B
In 2022, Italy's main importing competitors in Electrical Power Accessories were:
United States $4.94B
Mexico $4.2B
China $3.93B

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Trade Value of Electrical Power Accessories by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $51.8M
TOP IMPORT POTENTIALChina+ $63.2M

Electrical Power Accessories’s highest export potential is United States. With an export gap of $51.8M.   Electrical Power Accessories’s highest import potential is China with an import gap of $63.2M.

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