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2023
Exports $20.9MWorld Rnk 21 / 99
Flag Rnk 865 / 1216
2023
Destination $4.28M Germany
2022 - 2023
FASTEST GROWING MARKET $4.28MGermany
2023
PRODUCT COMPLEXITY IN Iron Reductions-1.12Rnk 860 / 1025
2023
Imports $365MWorld Rnk 4 / 142
Flag Rnk 300 / 1213
2023
Origin $30.1M Russia
2022 - 2023
FASTEST GROWING ORIGIN $30.1MUnited States
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $20.9M in Iron Reductions, making it the 21st largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 865th most exported product in Italy. The main destination of Iron Reductions exports from Italy are: Germany ($6.03M), Croatia ($5.31M), Turkey ($3.51M), Greece ($2.61M), and Czechia ($1.53M).

The fastest growing export markets for Iron Reductions of Italy between 2022 and 2023 were Germany ($4.28M), Turkey ($3.51M), and Croatia ($3.23M).

Imports In 2023, Italy imported $365M in Iron Reductions, becoming the 4th largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 300th most imported product in Italy. Italy imports Iron Reductions primarily from: Russia ($273M), Libya ($30.5M), United States ($30.1M), Venezuela ($28.1M), and France ($2.06M).

The fastest growing import markets in Iron Reductions for Italy between 2022 and 2023 were United States ($30.1M), Venezuela ($28.1M), and Slovenia ($391k).

Latest Trends

October 2024

About

Overview In October 2024 Italy's Iron Reductions exports accounted up to €1.05M and imports accounted up to €27.8M, resulting in a negative trade balance of €26.8M. Between October 2023 and October 2024 the exports of Italy's   Iron Reductions have increased by €393k (59.6%) from €660k to €1.05M, while imports increased by €18.6M (202%) from €9.21M to €27.8M.

Destinations In October 2024, Iron Reductions were exported mostly to Germany (€703k), France (€158k), Slovenia (€149k), Poland (€14.9k), and Romania (€9.56k), and were imported mostly from Russia (€21M), Libya (€6.79M), Bulgaria (€11.2k), United States (€1.97k), and Poland (€1.28k).

Growth In October 2024, the increase in Iron Reductions's year-by-year exports was explained primarily by an increase in exports to Germany (€432k or 6.59k%), France (€110k or 174%), and Romania (€13k or 47.5%). In October 2024, the increase in Iron Reductions's year-by-year imports was explained primarily by an increase in imports from Bulgaria (€737 or 73.7k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€393k(59.6%)
IMPORT GROWTH (October 2023 - October 2024)€18.6M(202%)
MAIN DESTINATION (October 2024)Germany€703k

This section shows Iron Reductions'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 Reductions over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$20.9M
IMPORTS (2023)$365M
NET TRADE (2023)-$344M

In 2023, Italy exported $20.9M in Iron Reductions. The main destinations of Italy exports on Iron Reductions were Germany ($6.03M), Croatia ($5.31M), Turkey ($3.51M), Greece ($2.61M), and Czechia ($1.53M).

In 2023, Italy imported $365M in Iron Reductions, mainly from Russia ($273M), Libya ($30.5M), United States ($30.1M), Venezuela ($28.1M), and France ($2.06M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Italy WERE (2022 - 2023):
Germany$4.28M (244%)
Turkey$3.51M (1%)
Croatia$3.23M (155%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Italy WERE (2022 - 2023):
Czechia-$1.78M (-53.7%)
France-$1.42M (-78.8%)
Slovakia-$1.01M (-99.5%)
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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 Reductions were:
Russia $910M
India $701M
Trinidad and Tobago $617M
In 2023, Italy's main importing competitors in Iron Reductions were:
Saudi Arabia $1.02B
United States $601M
Oman $481M

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Trade Value of Iron Reductions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $1.03M
TOP IMPORT POTENTIALFrance+ $1.5M

Iron Reductions’s highest export potential is France. With an export gap of $1.03M.   Iron Reductions’s highest import potential is France with an import gap of $1.5M.

See methodology.

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