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2023
Exports $2.3BWorld Rnk 19 / 222
Flag Rnk 64 / 1216
2023
Destination $158M Singapore
2022 - 2023
FASTEST GROWING MARKET $158MSingapore
2023
PRODUCT COMPLEXITY IN Integrated Circuits1.17Rnk 117 / 1025
2023
Imports $2.59BWorld Rnk 25 / 224
Flag Rnk 43 / 1213
2023
Origin $73.8M Netherlands
2022 - 2023
FASTEST GROWING ORIGIN $73.8MNetherlands
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $2.3B in Integrated Circuits, making it the 19th largest exporter of Integrated Circuits in the world. At the same year, Integrated Circuits was the 64th most exported product in Italy. The main destination of Integrated Circuits exports from Italy are: Singapore ($812M), Chinese Taipei ($213M), Philippines ($144M), Malaysia ($134M), and Romania ($108M).

The fastest growing export markets for Integrated Circuits of Italy between 2022 and 2023 were Singapore ($158M), Romania ($27.9M), and Poland ($14.2M).

Imports In 2023, Italy imported $2.59B in Integrated Circuits, becoming the 25th largest importer of Integrated Circuits in the world. At the same year, Integrated Circuits was the 43rd most imported product in Italy. Italy imports Integrated Circuits primarily from: Netherlands ($563M), Germany ($500M), France ($231M), Belgium ($188M), and China ($185M).

The fastest growing import markets in Integrated Circuits for Italy between 2022 and 2023 were Netherlands ($73.8M), Tunisia ($47.9M), and Belgium ($30.5M).

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

November 2024

About

Overview In November 2024 Italy's Integrated Circuits exports accounted up to €167M and imports accounted up to €117M, resulting in a positive trade balance of €50.6M. Between November 2023 and November 2024 the exports of Italy's   Integrated Circuits have increased by €21.3M (14.6%) from €146M to €167M, while imports decreased by €-15.6M (-11.8%) from €132M to €117M.

Destinations In November 2024, Integrated Circuits were exported mostly to Singapore (€35.4M), Malaysia (€27.9M), Chinese Taipei (€13.9M), Philippines (€13.6M), and Germany (€8.55M), and were imported mostly from Germany (€25.2M), Netherlands (€20.5M), France (€11.3M), Singapore (€10.9M), and Belgium (€10.9M).

Growth In November 2024, the increase in Integrated Circuits's year-by-year exports was explained primarily by an increase in exports to Singapore (€24.8M or 83.2%), Germany (€3.68M or 95.8%), and Chinese Taipei (€3.43M or 124%). In November 2024, the decrease in Integrated Circuits's year-by-year imports was explained primarily by a decrease in imports from Malaysia (€-3.39M or -48.3%), China (€-2.54M or -12.8%), and Austria (€-2.14M or -70.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€21.3M(14.6%)
IMPORT GROWTH (November 2023 - November 2024)€-15.6M(-11.8%)
MAIN DESTINATION (November 2024)Singapore€35.4M

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 (2023)$2.3B
IMPORTS (2023)$2.59B
NET TRADE (2023)-$286M

In 2023, Italy exported $2.3B in Integrated Circuits. The main destinations of Italy exports on Integrated Circuits were Singapore ($812M), Chinese Taipei ($213M), Philippines ($144M), Malaysia ($134M), and Romania ($108M).

In 2023, Italy imported $2.59B in Integrated Circuits, mainly from Netherlands ($563M), Germany ($500M), France ($231M), Belgium ($188M), and China ($185M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Integrated Circuits EXPORT MARKETS FOR Italy WERE (2022 - 2023):
Singapore$158M (24.2%)
Romania$27.9M (34.7%)
Poland$14.2M (49.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Integrated Circuits BY Italy WERE (2022 - 2023):
Malaysia-$272M (-67%)
Chinese Taipei-$75.9M (-26.2%)
Malta-$51.8M (-38.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Integrated Circuits were:
Chinese Taipei $214B
China $154B
South Korea $134B
In 2023, Italy's main importing competitors in Integrated Circuits were:
Hong Kong $200B
China $200B
Singapore $85.6B

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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.

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