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2022
Exports $237MWorld Rnk 9 / 182
Flag Rnk 391 / 1217
2022
Destination $10.1M Germany
2021 - 2022
FASTEST GROWING MARKET $10.1MGermany
2022
PRODUCT COMPLEXITY IN Electromagnets1.02Rnk 163 / 1025
2022
Imports $436MWorld Rnk 10 / 216
Flag Rnk 265 / 1215
2022
Origin $80.5M China
2021 - 2022
FASTEST GROWING ORIGIN $80.5MChina
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $237M in Electromagnets, making it the 9th largest exporter of Electromagnets in the world. At the same year, Electromagnets was the 391st most exported product in Italy. The main destination of Electromagnets exports from Italy are: Germany ($43.6M), United States ($22.7M), France ($22.1M), China ($16.5M), and Spain ($11.8M).

The fastest growing export markets for Electromagnets of Italy between 2021 and 2022 were Germany ($10.1M), United Kingdom ($6.86M), and Hungary ($5.96M).

Imports In 2022, Italy imported $436M in Electromagnets, becoming the 10th largest importer of Electromagnets in the world. At the same year, Electromagnets was the 265th most imported product in Italy. Italy imports Electromagnets primarily from: China ($254M), Germany ($68.3M), France ($18.8M), South Korea ($12.4M), and Vietnam ($10.8M).

The fastest growing import markets in Electromagnets for Italy between 2021 and 2022 were China ($80.5M), Germany ($5.87M), and Spain ($3.16M).

COMPANIES In 2023, leading companies such as Robert Bosch (9) were at the forefront of shipping Electromagnets from Italy to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Italy's Electromagnets exports accounted up to €11.6M and imports accounted up to €17.7M, resulting in a negative trade balance of €6.17M. Between August 2023 and August 2024 the exports of Italy's   Electromagnets have decreased by €-381k (-3.19%) from €11.9M to €11.6M, while imports increased by €421k (2.43%) from €17.3M to €17.7M.

Destinations In August 2024, Electromagnets were exported mostly to Germany (€3.77M), United States (€1.72M), France (€703k), China (€646k), and Romania (€477k), and were imported mostly from China (€11.1M), Germany (€2.39M), France (€619k), Vietnam (€610k), and South Korea (€569k).

Growth In August 2024, the decrease in Electromagnets's year-by-year exports was explained primarily by a decrease in exports to Germany (€-517k or -16.7%), Russia (€-230k or -75.8%), and China (€-178k or -44.7%). In August 2024, the increase in Electromagnets's year-by-year imports was explained primarily by an increase in imports from Germany (€405k or 9.28%), Poland (€338k or 191%), and Romania (€283k or 5.27k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-381k(-3.19%)
IMPORT GROWTH (August 2023 - August 2024)€421k(2.43%)
MAIN DESTINATION (August 2024)Germany€3.77M

This section shows Electromagnets'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 Electromagnets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$237M
IMPORTS (2022)$436M
NET TRADE (2022)-$199M

In 2022, Italy exported $237M in Electromagnets. The main destinations of Italy exports on Electromagnets were Germany ($43.6M), United States ($22.7M), France ($22.1M), China ($16.5M), and Spain ($11.8M).

In 2022, Italy imported $436M in Electromagnets, mainly from China ($254M), Germany ($68.3M), France ($18.8M), South Korea ($12.4M), and Vietnam ($10.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electromagnets EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Germany$10.1M (30.2%)
United Kingdom$6.86M (373%)
Hungary$5.96M (230%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electromagnets BY Italy WERE (2021 - 2022):
Switzerland-$2.97M (-40.9%)
Mexico-$1.45M (-33.6%)
Japan-$809k (-56.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Electromagnets were:
China $6.28B
Germany $1.24B
Japan $1.18B
In 2022, Italy's main importing competitors in Electromagnets were:
Germany $1.58B
United States $1.51B
Japan $1.04B

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Trade Value of Electromagnets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $9.67M
TOP IMPORT POTENTIALFrance+ $7.11M

Electromagnets’s highest export potential is United States. With an export gap of $9.67M.   Electromagnets’s highest import potential is France with an import gap of $7.11M.

See methodology.

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