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Pricing

2022
Exports $26.4MWorld Rnk 17 / 89
Flag Rnk 822 / 1217
2022
Destination $7.22M Czechia
2021 - 2022
FASTEST GROWING MARKET $7.22MCzechia
2022
PRODUCT COMPLEXITY IN Iron Reductions-1.54Rnk 951 / 1025
2022
Imports $415MWorld Rnk 3 / 144
Flag Rnk 277 / 1215
2022
Origin $55.9M Russia
2021 - 2022
FASTEST GROWING ORIGIN $55.9MRussia
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $26.4M in Iron Reductions, making it the 17th largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 822nd most exported product in Italy. The main destination of Iron Reductions exports from Italy are: Czechia ($8.89M), Germany ($5.93M), Greece ($3.2M), Romania ($3.13M), and France ($1.21M).

The fastest growing export markets for Iron Reductions of Italy between 2021 and 2022 were Czechia ($7.22M), Greece ($3.01M), and Germany ($2.17M).

Imports In 2022, Italy imported $415M in Iron Reductions, becoming the 3rd largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 277th most imported product in Italy. Italy imports Iron Reductions primarily from: Russia ($350M), Libya ($41.5M), Ukraine ($7.8M), France ($7M), and Austria ($6.53M).

The fastest growing import markets in Iron Reductions for Italy between 2021 and 2022 were Russia ($55.9M), Libya ($20.6M), and Ukraine ($7.8M).

Latest Trends

August 2024

About

Overview In August 2024 Italy's Iron Reductions exports accounted up to €2.66M and imports accounted up to €50.2k, resulting in a positive trade balance of €2.61M. Between August 2023 and August 2024 the exports of Italy's   Iron Reductions have increased by €1.69M (174%) from €970k to €2.66M, while imports decreased by €-2.98M (-98.3%) from €3.03M to €50.2k.

Destinations In August 2024, Iron Reductions were exported mostly to Turkey (€2.05M), France (€85.1k), Germany (€64.5k), Romania (€7.94k), and Spain (€7.14k), and were imported mostly from Lithuania (€50.2k).

Growth In August 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 August 2024, the decrease in Iron Reductions's year-by-year imports was explained primarily by a decrease in imports from Libya (€-551k or -22.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€1.69M(174%)
IMPORT GROWTH (August 2023 - August 2024)€-2.98M(-98.3%)
MAIN DESTINATION (August 2024)Turkey€2.05M

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 (2022)$26.4M
IMPORTS (2022)$415M
NET TRADE (2022)-$389M

In 2022, Italy exported $26.4M in Iron Reductions. The main destinations of Italy exports on Iron Reductions were Czechia ($8.89M), Germany ($5.93M), Greece ($3.2M), Romania ($3.13M), and France ($1.21M).

In 2022, Italy imported $415M in Iron Reductions, mainly from Russia ($350M), Libya ($41.5M), Ukraine ($7.8M), France ($7M), and Austria ($6.53M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Czechia$7.22M (432%)
Greece$3.01M (1.54k%)
Germany$2.17M (57.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Italy WERE (2021 - 2022):
France-$3.22M (-72.6%)
Croatia-$2.64M (-76.8%)
Sweden-$1.33M (-99.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Iron Reductions were:
Russia $1.26B
Trinidad and Tobago $872M
Qatar $625M
In 2022, Italy's main importing competitors in Iron Reductions were:
United States $885M
Kuwait $767M

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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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