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2023
Exports $48.7MWorld Rnk 3 / 107
Flag Rnk 700 / 1216
2023
Destination $6.45M Spain
2022 - 2023
FASTEST GROWING MARKET $6.45MSpain
2023
PRODUCT COMPLEXITY IN Iron Ingots-1.38Rnk 922 / 1025
2023
Imports $238MWorld Rnk 1 / 175
Flag Rnk 399 / 1213
2023
Origin $48.3M India
2022 - 2023
FASTEST GROWING ORIGIN $48.3MIndia
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $48.7M in Iron Ingots, making it the 3rd largest exporter of Iron Ingots in the world. At the same year, Iron Ingots was the 700th most exported product in Italy. The main destination of Iron Ingots exports from Italy are: Spain ($27.2M), Germany ($4.46M), Tunisia ($4.03M), Brazil ($2.4M), and France ($2.06M).

The fastest growing export markets for Iron Ingots of Italy between 2022 and 2023 were Spain ($6.45M), Tunisia ($2.38M), and Saudi Arabia ($1.18M).

Imports In 2023, Italy imported $238M in Iron Ingots, becoming the 1st largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 399th most imported product in Italy. Italy imports Iron Ingots primarily from: India ($229M), Czechia ($1.57M), Slovenia ($1.42M), France ($935k), and Poland ($831k).

The fastest growing import markets in Iron Ingots for Italy between 2022 and 2023 were India ($48.3M), Czechia ($1.43M), and Slovenia ($1.42M).

COMPANIES In 2023, leading companies such as Valbruna Stainless (2) were at the forefront of shipping Iron Ingots from Italy to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Italy's Iron Ingots exports accounted up to €2.17M and imports accounted up to €22.5M, resulting in a negative trade balance of €20.3M. Between October 2023 and October 2024 the exports of Italy's   Iron Ingots have increased by €218k (11.2%) from €1.95M to €2.17M, while imports decreased by €-772k (-3.32%) from €23.3M to €22.5M.

Destinations In October 2024, Iron Ingots were exported mostly to Spain (€948k), Bulgaria (€776k), Mexico (€204k), Switzerland (€110k), and Germany (€100k), and were imported mostly from Indonesia (€22.2M), Poland (€91.3k), Germany (€32.9k), United Kingdom (€5.85k), and Austria (€3.22k).

Growth In October 2024, the increase in Iron Ingots's year-by-year exports was explained primarily by an increase in exports to Spain (€534k or 34.5%), France (€365k or 868%), and Austria (€35.5k or 1.24k%). In October 2024, the decrease in Iron Ingots's year-by-year imports was explained primarily by a decrease in imports from Indonesia (€-2.6M or -11.7%), Poland (€-331k or -92.6%), and Luxembourg (€-195k or -96%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€218k(11.2%)
IMPORT GROWTH (October 2023 - October 2024)€-772k(-3.32%)
MAIN DESTINATION (October 2024)Spain€948k

This section shows Iron Ingots'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 Iron Ingots over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$48.7M
IMPORTS (2023)$238M
NET TRADE (2023)-$189M

In 2023, Italy exported $48.7M in Iron Ingots. The main destinations of Italy exports on Iron Ingots were Spain ($27.2M), Germany ($4.46M), Tunisia ($4.03M), Brazil ($2.4M), and France ($2.06M).

In 2023, Italy imported $238M in Iron Ingots, mainly from India ($229M), Czechia ($1.57M), Slovenia ($1.42M), France ($935k), and Poland ($831k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Ingots EXPORT MARKETS FOR Italy WERE (2022 - 2023):
Spain$6.45M (31.1%)
Tunisia$2.38M (144%)
Saudi Arabia$1.18M (6.98k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ingots BY Italy WERE (2022 - 2023):
India-$1.83M (-76.1%)
Thailand-$527k (-95.8%)
Romania-$375k (-55.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Iron Ingots were:
India $254M
China $65.3M
In 2023, Italy's main importing competitors in Iron Ingots were:
Jordan $67.8M
Spain $41.3M

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Trade Value of Iron Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $564k
TOP IMPORT POTENTIALUnited States+ $842k

Iron Ingots’s highest export potential is Germany. With an export gap of $564k.   Iron Ingots’s highest import potential is United States with an import gap of $842k.

See methodology.

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