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2023
Exports $2BWorld Rnk 10 / 153
Flag Rnk 80 / 1216
2023
Destination $36.9M Germany
2022 - 2023
FASTEST GROWING MARKET $36.9MPoland
2023
PRODUCT COMPLEXITY IN Hot-Rolled Iron0.54Rnk 355 / 1025
2023
Imports $4.85BWorld Rnk 2 / 211
Flag Rnk 14 / 1213
2023
Origin $333M India
2022 - 2023
FASTEST GROWING ORIGIN $333MVietnam
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $2B in Hot-Rolled Iron, making it the 10th largest exporter of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 80th most exported product in Italy. The main destination of Hot-Rolled Iron exports from Italy are: Germany ($442M), Poland ($211M), France ($198M), Austria ($128M), and Spain ($109M).

The fastest growing export markets for Hot-Rolled Iron of Italy between 2022 and 2023 were Poland ($36.9M), Romania ($25M), and Egypt ($15.4M).

Imports In 2023, Italy imported $4.85B in Hot-Rolled Iron, becoming the 2nd largest importer of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 14th most imported product in Italy. Italy imports Hot-Rolled Iron primarily from: India ($618M), France ($611M), Vietnam ($609M), Germany ($592M), and South Korea ($423M).

The fastest growing import markets in Hot-Rolled Iron for Italy between 2022 and 2023 were Vietnam ($333M), Germany ($197M), and India ($102M).

Latest Trends

October 2024

About

Overview In October 2024 Italy's Hot-Rolled Iron exports accounted up to €125M and imports accounted up to €478M, resulting in a negative trade balance of €353M. Between October 2023 and October 2024 the exports of Italy's   Hot-Rolled Iron have decreased by €-39.4M (-23.9%) from €165M to €125M, while imports decreased by €-162M (-25.3%) from €640M to €478M.

Destinations In October 2024, Hot-Rolled Iron were exported mostly to Germany (€34.3M), Poland (€15.2M), France (€9.94M), Austria (€8.83M), and Hungary (€6.82M), and were imported mostly from Vietnam (€65.8M), France (€58.4M), Germany (€54.6M), Turkey (€50.7M), and South Korea (€47.1M).

Growth In October 2024, the decrease in Hot-Rolled Iron's year-by-year exports was explained primarily by a decrease in exports to Germany (€-4.87M or -10.2%), Belgium (€-3.78M or -59.8%), and Spain (€-3.47M or -35%). In October 2024, the decrease in Hot-Rolled Iron's year-by-year imports was explained primarily by a decrease in imports from Turkey (€-93.5M or -92.8%), Indonesia (€-29M or -99.8%), and Egypt (€-18.5M or -81.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€-39.4M(-23.9%)
IMPORT GROWTH (October 2023 - October 2024)€-162M(-25.3%)
MAIN DESTINATION (October 2024)Germany€34.3M

This section shows Hot-Rolled Iron'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 Hot-Rolled Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2B
IMPORTS (2023)$4.85B
NET TRADE (2023)-$2.85B

In 2023, Italy exported $2B in Hot-Rolled Iron. The main destinations of Italy exports on Hot-Rolled Iron were Germany ($442M), Poland ($211M), France ($198M), Austria ($128M), and Spain ($109M).

In 2023, Italy imported $4.85B in Hot-Rolled Iron, mainly from India ($618M), France ($611M), Vietnam ($609M), Germany ($592M), and South Korea ($423M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron EXPORT MARKETS FOR Italy WERE (2022 - 2023):
Poland$36.9M (21.2%)
Romania$25M (50.6%)
Egypt$15.4M (66.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron BY Italy WERE (2022 - 2023):
Germany-$56.9M (-11.4%)
Austria-$27.6M (-17.7%)
Slovenia-$21.8M (-21.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Hot-Rolled Iron were:
China $16.4B
Japan $10.4B
South Korea $6.09B
In 2023, Italy's main importing competitors in Hot-Rolled Iron were:
Vietnam $5.05B
South Korea $3.76B

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Trade Value of Hot-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $74.9M
TOP IMPORT POTENTIALIndia+ $79.1M

Hot-Rolled Iron’s highest export potential is France. With an export gap of $74.9M.   Hot-Rolled Iron’s highest import potential is India with an import gap of $79.1M.

See methodology.

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