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2022
Exports $35.1MWorld Rnk 13 / 203
Flag Rnk 763 / 1217
2022
Destination $469k United States
2021 - 2022
FASTEST GROWING MARKET $469kSaudi Arabia
2022
PRODUCT COMPLEXITY IN Hand Tools0.83Rnk 235 / 1025
2022
Imports $69MWorld Rnk 9 / 220
Flag Rnk 686 / 1215
2022
Origin $1.37M Germany
2021 - 2022
FASTEST GROWING ORIGIN $1.37MSpain
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $35.1M in Hand Tools, making it the 13th largest exporter of Hand Tools in the world. At the same year, Hand Tools was the 763rd most exported product in Italy. The main destination of Hand Tools exports from Italy are: United States ($5.87M), Germany ($5.51M), France ($3.51M), Spain ($2.37M), and Switzerland ($1.61M).

The fastest growing export markets for Hand Tools of Italy between 2021 and 2022 were Saudi Arabia ($469k), Brazil ($293k), and United States ($278k).

Imports In 2022, Italy imported $69M in Hand Tools, becoming the 9th largest importer of Hand Tools in the world. At the same year, Hand Tools was the 686th most imported product in Italy. Italy imports Hand Tools primarily from: Germany ($26.5M), China ($12.6M), Chinese Taipei ($5.93M), Spain ($5.05M), and France ($4.42M).

The fastest growing import markets in Hand Tools for Italy between 2021 and 2022 were Spain ($1.37M), Chinese Taipei ($880k), and China ($610k).

Latest Trends

September 2024

About

Overview In September 2024 Italy's Hand Tools exports accounted up to €1.35M and imports accounted up to €4.13M, resulting in a negative trade balance of €2.78M. Between September 2023 and September 2024 the exports of Italy's   Hand Tools have increased by €40.6k (3.1%) from €1.31M to €1.35M, while imports increased by €779k (23.2%) from €3.35M to €4.13M.

Destinations In September 2024, Hand Tools were exported mostly to Germany (€530k), United States (€308k), France (€280k), Poland (€136k), and Austria (€37.5k), and were imported mostly from Germany (€1.91M), China (€1.08M), France (€299k), Chinese Taipei (€273k), and Belgium (€272k).

Growth In September 2024, the increase in Hand Tools's year-by-year exports was explained primarily by an increase in exports to United States (€230k or 212%), France (€147k or 69.6%), and Germany (€12.2k or 3.01%). In September 2024, the increase in Hand Tools's year-by-year imports was explained primarily by an increase in imports from Spain (€303k or 225%), Belgium (€100k or 49.1%), and United States (€29k or 21.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)€40.6k(3.1%)
IMPORT GROWTH (September 2023 - September 2024)€779k(23.2%)
MAIN DESTINATION (September 2024)Germany€530k

This section shows Hand Tools'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 Hand Tools over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$35.1M
IMPORTS (2022)$69M
NET TRADE (2022)-$33.9M

In 2022, Italy exported $35.1M in Hand Tools. The main destinations of Italy exports on Hand Tools were United States ($5.87M), Germany ($5.51M), France ($3.51M), Spain ($2.37M), and Switzerland ($1.61M).

In 2022, Italy imported $69M in Hand Tools, mainly from Germany ($26.5M), China ($12.6M), Chinese Taipei ($5.93M), Spain ($5.05M), and France ($4.42M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hand Tools EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Saudi Arabia$469k (178%)
Brazil$293k (48.7%)
United States$278k (4.98%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand Tools BY Italy WERE (2021 - 2022):
Germany-$1.21M (-18%)
Spain-$669k (-22%)
Tunisia-$655k (-74.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Hand Tools were:
China $1.12B
Germany $462M
Chinese Taipei $202M
In 2022, Italy's main importing competitors in Hand Tools were:
United States $552M
Germany $197M
France $121M

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Trade Value of Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.16M
TOP IMPORT POTENTIALChina+ $4.23M

Hand Tools’s highest export potential is United States. With an export gap of $2.16M.   Hand Tools’s highest import potential is China with an import gap of $4.23M.

See methodology.

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