2022
Exports
$2.05BWorld Rnk 19 / 226
Flag Rnk 70 / 1217
2022
PRODUCT COMPLEXITY IN Integrated Circuits
1.48Rnk 56 / 1025
2022
Imports
$2.36BWorld Rnk 27 / 225
Flag Rnk 52 / 1215
2022
ECONOMIC COMPLEXITY of Italy
1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $2.05B in Integrated Circuits, making it the 19th largest exporter of Integrated Circuits in the world. At the same year, Integrated Circuits was the 70th most exported product in Italy. The main destination of Integrated Circuits exports from Italy are: Singapore ($520M), Malaysia ($255M), Philippines ($162M), Malta ($125M), and Germany ($103M).

The fastest growing export markets for Integrated Circuits of Italy between 2021 and 2022 were Malaysia ($74.3M), Singapore ($72.9M), and Germany ($49.3M).

Imports In 2022, Italy imported $2.36B in Integrated Circuits, becoming the 27th largest importer of Integrated Circuits in the world. At the same year, Integrated Circuits was the 52nd most imported product in Italy. Italy imports Integrated Circuits primarily from: Germany ($527M), Netherlands ($378M), France ($267M), Belgium ($158M), and Singapore ($131M).

The fastest growing import markets in Integrated Circuits for Italy between 2021 and 2022 were Germany ($108M), Belgium ($36.5M), and Chinese Taipei ($25.1M).

COMPANIES In 2023, leading companies such as SKF Group (1) and Giorgio Armani (1) were at the forefront of shipping Integrated Circuits from Italy to the United States.

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€4.99M(3.36%)
IMPORT GROWTH (June 2023 - June 2024)€-66.6M(-35.4%)
MAIN DESTINATION (June 2024)Singapore€39.2M

This section shows Integrated Circuits'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 Integrated Circuits over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.05B
IMPORTS (2022)$2.36B
NET TRADE (2022)-$303M

In 2022, Italy exported $2.05B in Integrated Circuits. The main destinations of Italy exports on Integrated Circuits were Singapore ($520M), Malaysia ($255M), Philippines ($162M), Malta ($125M), and Germany ($103M).

In 2022, Italy imported $2.36B in Integrated Circuits, mainly from Germany ($527M), Netherlands ($378M), France ($267M), Belgium ($158M), and Singapore ($131M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Integrated Circuits EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Malaysia$74.3M (41.1%)
Singapore$72.9M (16.3%)
Germany$49.3M (91.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Integrated Circuits BY Italy WERE (2021 - 2022):
South Korea-$7.76M (-27.4%)
Japan-$7.16M (-46%)
Thailand-$5.33M (-6.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Integrated Circuits were:
In 2022, Italy's main importing competitors in Integrated Circuits were:

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Trade Value of Integrated Circuits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $75.5M
TOP IMPORT POTENTIALChina+ $264M

Integrated Circuits’s highest export potential is Germany. With an export gap of $75.5M.   Integrated Circuits’s highest import potential is China with an import gap of $264M.

See methodology.

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