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2022
Exports $527MWorld Rnk 9 / 110
Flag Rnk 237 / 1217
2022
Destination $12.3M Spain
2021 - 2022
FASTEST GROWING MARKET $12.3MFrance
2022
PRODUCT COMPLEXITY IN Hormones0.61Rnk 317 / 1025
2022
Imports $2.73BWorld Rnk 3 / 188
Flag Rnk 38 / 1215
2022
Origin $387M United States
2021 - 2022
FASTEST GROWING ORIGIN $387MIreland
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $527M in Hormones, making it the 9th largest exporter of Hormones in the world. At the same year, Hormones was the 237th most exported product in Italy. The main destination of Hormones exports from Italy are: Spain ($63M), United States ($52M), Switzerland ($49.8M), Brazil ($44.3M), and India ($31.9M).

The fastest growing export markets for Hormones of Italy between 2021 and 2022 were France ($12.3M), Spain ($12.3M), and Brazil ($6.07M).

Imports In 2022, Italy imported $2.73B in Hormones, becoming the 3rd largest importer of Hormones in the world. At the same year, Hormones was the 38th most imported product in Italy. Italy imports Hormones primarily from: United States ($1.27B), Ireland ($586M), Switzerland ($481M), China ($142M), and Belgium ($141M).

The fastest growing import markets in Hormones for Italy between 2021 and 2022 were Ireland ($387M), United States ($295M), and China ($22M).

Latest Trends

August 2024

About

Overview In August 2024 Italy's Hormones exports accounted up to €17.8M and imports accounted up to €259M, resulting in a negative trade balance of €241M. Between August 2023 and August 2024 the exports of Italy's   Hormones have increased by €5.34M (42.9%) from €12.4M to €17.8M, while imports decreased by €-201M (-43.7%) from €461M to €259M.

Destinations In August 2024, Hormones were exported mostly to Indonesia (€4.89M), France (€2.63M), Spain (€2.61M), Switzerland (€2.53M), and United States (€2.13M), and were imported mostly from Ireland (€108M), United States (€90.9M), Belgium (€27.9M), Germany (€20.6M), and China (€5.5M).

Growth In August 2024, the increase in Hormones's year-by-year exports was explained primarily by an increase in exports to United States (€1.55M or 77.4%), Germany (€1.02M or 47.2%), and Ireland (€979k or 1.56k%). In August 2024, the decrease in Hormones's year-by-year imports was explained primarily by a decrease in imports from Switzerland (€-23.1M or -47.4%), Belgium (€-18.5M or -75.1%), and Germany (€-2.04M or -51.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€5.34M(42.9%)
IMPORT GROWTH (August 2023 - August 2024)€-201M(-43.7%)
MAIN DESTINATION (August 2024)Indonesia€4.89M

This section shows Hormones'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 Hormones over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$527M
IMPORTS (2022)$2.73B
NET TRADE (2022)-$2.2B

In 2022, Italy exported $527M in Hormones. The main destinations of Italy exports on Hormones were Spain ($63M), United States ($52M), Switzerland ($49.8M), Brazil ($44.3M), and India ($31.9M).

In 2022, Italy imported $2.73B in Hormones, mainly from United States ($1.27B), Ireland ($586M), Switzerland ($481M), China ($142M), and Belgium ($141M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hormones EXPORT MARKETS FOR Italy WERE (2021 - 2022):
France$12.3M (80.2%)
Spain$12.3M (24.2%)
Brazil$6.07M (15.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hormones BY Italy WERE (2021 - 2022):
United States-$43.9M (-45.7%)
Switzerland-$16.3M (-24.7%)
Austria-$9.96M (-44.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Hormones were:
Ireland $7.02B
Switzerland $2.8B
United States $2.79B
In 2022, Italy's main importing competitors in Hormones were:
United States $6.4B
Austria $2.81B

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Trade Value of Hormones by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $29.6M
TOP IMPORT POTENTIALSwitzerland+ $34.7M

Hormones’s highest export potential is United States. With an export gap of $29.6M.   Hormones’s highest import potential is Switzerland with an import gap of $34.7M.

See methodology.

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