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2022
Exports $3.69BWorld Rnk 4 / 221
Flag Rnk 35 / 1217
2022
Destination $36.1M Germany
2021 - 2022
FASTEST GROWING MARKET $36.1MUnited States
2022
PRODUCT COMPLEXITY IN Excavation Machinery0.96Rnk 185 / 1025
2022
Imports $1.82BWorld Rnk 8 / 224
Flag Rnk 77 / 1215
2022
Origin $84.9M China
2021 - 2022
FASTEST GROWING ORIGIN $84.9MChina
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $3.69B in Excavation Machinery, making it the 4th largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 35th most exported product in Italy. The main destination of Excavation Machinery exports from Italy are: Germany ($488M), United States ($462M), France ($440M), United Kingdom ($159M), and Spain ($144M).

The fastest growing export markets for Excavation Machinery of Italy between 2021 and 2022 were United States ($36.1M), Saudi Arabia ($25.2M), and Indonesia ($24.2M).

Imports In 2022, Italy imported $1.82B in Excavation Machinery, becoming the 8th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 77th most imported product in Italy. Italy imports Excavation Machinery primarily from: China ($401M), Germany ($222M), France ($114M), Czechia ($99.3M), and Belgium ($92.9M).

The fastest growing import markets in Excavation Machinery for Italy between 2021 and 2022 were China ($84.9M), Belgium ($29.4M), and Slovakia ($13M).

COMPANIES In 2023, leading companies such as Schindler Elevators (6), John Deere (6), and Ford Motor Company (5) were at the forefront of shipping Excavation Machinery from Italy to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Italy's Excavation Machinery exports accounted up to €293M and imports accounted up to €177M, resulting in a positive trade balance of €117M. Between June 2023 and July 2024 the exports of Italy's   Excavation Machinery have decreased by €-11.6M (-3.8%) from €305M to €293M, while imports increased by €2.8M (1.61%) from €174M to €177M.

Destinations In July 2024, Excavation Machinery were exported mostly to Germany (€40.8M), France (€37M), United States (€33M), Spain (€14.9M), and United Kingdom (€11.8M), and were imported mostly from Netherlands (€32.4M), Germany (€25.5M), China (€25M), France (€13.2M), and Belgium (€9.01M).

Growth In July 2024, the decrease in Excavation Machinery's year-by-year exports was explained primarily by a decrease in exports to United States (€-5.06M or -14.7%), Mexico (€-779k or -28.2%), and Finland (€-231k or -5.9%). In July 2024, the increase in Excavation Machinery's year-by-year imports was explained primarily by an increase in imports from Austria (€13.6M or 273%), Germany (€8.59M or 52.4%), and Czechia (€5.07M or 93.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - July 2024)€-11.6M(-3.8%)
IMPORT GROWTH (June 2023 - July 2024)€2.8M(1.61%)
MAIN DESTINATION (July 2024)Germany€40.8M

This section shows Excavation Machinery'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 Excavation Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.69B
IMPORTS (2022)$1.82B
NET TRADE (2022)$1.87B

In 2022, Italy exported $3.69B in Excavation Machinery. The main destinations of Italy exports on Excavation Machinery were Germany ($488M), United States ($462M), France ($440M), United Kingdom ($159M), and Spain ($144M).

In 2022, Italy imported $1.82B in Excavation Machinery, mainly from China ($401M), Germany ($222M), France ($114M), Czechia ($99.3M), and Belgium ($92.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Italy WERE (2021 - 2022):
United States$36.1M (8.47%)
Saudi Arabia$25.2M (39.1%)
Indonesia$24.2M (97.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Italy WERE (2021 - 2022):
Netherlands-$35.9M (-25.3%)
United Kingdom-$21.3M (-11.9%)
Mexico-$15.5M (-37%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Excavation Machinery were:
China $15.1B
United States $6.47B
Germany $5.45B
In 2022, Italy's main importing competitors in Excavation Machinery were:
United States $11.6B
Germany $5.17B
Canada $3.26B

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Trade Value of Excavation Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
N/AN/AN/A
TOP IMPORT POTENTIALChina+ $104M

Excavation Machinery’s highest export potential is N/A. With an export gap of N/A.   Excavation Machinery’s highest import potential is China with an import gap of $104M.

See methodology.

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