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Pricing

2022
Exports $3.17MWorld Rnk 16 / 161
Flag Rnk 1072 / 1217
2022
Destination $317k Germany
2021 - 2022
FASTEST GROWING MARKET $317kEgypt
2022
Imports $4.76MWorld Rnk 19 / 207
Flag Rnk 1104 / 1215
2022
Origin $573k China
2021 - 2022
FASTEST GROWING ORIGIN $573kPoland
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $3.17M in Iron Sewing Needles, making it the 16th largest exporter of Iron Sewing Needles in the world. At the same year, Iron Sewing Needles was the 1072nd most exported product in Italy. The main destination of Iron Sewing Needles exports from Italy are: Germany ($546k), Egypt ($319k), Indonesia ($277k), Romania ($241k), and Malaysia ($186k).

The fastest growing export markets for Iron Sewing Needles of Italy between 2021 and 2022 were Egypt ($317k), United Kingdom ($125k), and Indonesia ($86.1k).

Imports In 2022, Italy imported $4.76M in Iron Sewing Needles, becoming the 19th largest importer of Iron Sewing Needles in the world. At the same year, Iron Sewing Needles was the 1104th most imported product in Italy. Italy imports Iron Sewing Needles primarily from: China ($1.4M), Germany ($904k), Poland ($760k), Netherlands ($384k), and France ($214k).

The fastest growing import markets in Iron Sewing Needles for Italy between 2021 and 2022 were Poland ($573k), Germany ($305k), and Greece ($127k).

Latest Trends

March 2024

About

Overview In March 2024 Italy's Iron Sewing Needles exports accounted up to €133k and imports accounted up to €379k, resulting in a negative trade balance of €246k. Between March 2023 and March 2024 the exports of Italy's   Iron Sewing Needles have decreased by €-58k (-30.3%) from €191k to €133k, while imports decreased by €-151k (-28.5%) from €530k to €379k.

Destinations In March 2024, Iron Sewing Needles were exported mostly to Germany (€53.2k), Spain (€19.9k), France (€14.5k), Romania (€9.92k), and Serbia (€7.27k), and were imported mostly from Germany (€144k), China (€81.4k), Poland (€79.3k), Hungary (€21.8k), and France (€18.1k).

Growth In March 2024, the decrease in Iron Sewing Needles's year-by-year exports was explained primarily by a decrease in exports to Germany (€-10.7k or -28.9%), Czechia (€-6.08k or -78.2%), and Spain (€-3.96k or -29%). In March 2024, the decrease in Iron Sewing Needles's year-by-year imports was explained primarily by a decrease in imports from France (€-19.7k or -75%), Austria (€-5.65k or -40.4%), and Spain (€-5.1k or -59.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)€-58k(-30.3%)
IMPORT GROWTH (March 2023 - March 2024)€-151k(-28.5%)
MAIN DESTINATION (March 2024)Germany€53.2k

This section shows Iron Sewing Needles'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 Sewing Needles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.17M
IMPORTS (2022)$4.76M
NET TRADE (2022)-$1.6M

In 2022, Italy exported $3.17M in Iron Sewing Needles. The main destinations of Italy exports on Iron Sewing Needles were Germany ($546k), Egypt ($319k), Indonesia ($277k), Romania ($241k), and Malaysia ($186k).

In 2022, Italy imported $4.76M in Iron Sewing Needles, mainly from China ($1.4M), Germany ($904k), Poland ($760k), Netherlands ($384k), and France ($214k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Sewing Needles EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Egypt$317k (20.4k%)
United Kingdom$125k (878%)
Indonesia$86.1k (45.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Sewing Needles BY Italy WERE (2021 - 2022):
Greece-$328k (-97.9%)
Argentina-$264k (-99.9%)
India-$203k (-82.3%)
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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 Sewing Needles were:
China $164M
Japan $21.4M
United States $19.9M
In 2022, Italy's main importing competitors in Iron Sewing Needles were:
United States $49.2M
Indonesia $25.8M
Malaysia $22.4M

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Trade Value of Iron Sewing Needles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $107k
TOP IMPORT POTENTIALChina+ $477k

Iron Sewing Needles’s highest export potential is France. With an export gap of $107k.   Iron Sewing Needles’s highest import potential is China with an import gap of $477k.

See methodology.

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