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2023
Exports $47.4MWorld Rnk 11 / 193
Flag Rnk 711 / 1216
2023
Destination $1.31M United States
2022 - 2023
FASTEST GROWING MARKET $1.31MGermany
2023
PRODUCT COMPLEXITY IN Knives0.98Rnk 183 / 1025
2023
Imports $65.6MWorld Rnk 10 / 222
Flag Rnk 678 / 1213
2023
Origin $1.42M China
2022 - 2023
FASTEST GROWING ORIGIN $1.42MBelgium
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $47.4M in Knives, making it the 11th largest exporter of Knives in the world. At the same year, Knives was the 711th most exported product in Italy. The main destination of Knives exports from Italy are: United States ($10.6M), Germany ($5.28M), Netherlands ($4.19M), France ($3.66M), and Romania ($1.63M).

The fastest growing export markets for Knives of Italy between 2022 and 2023 were Germany ($1.31M), Russia ($506k), and Switzerland ($268k).

Imports In 2023, Italy imported $65.6M in Knives, becoming the 10th largest importer of Knives in the world. At the same year, Knives was the 678th most imported product in Italy. Italy imports Knives primarily from: China ($24.2M), Germany ($12.2M), Belgium ($6.03M), Netherlands ($5.53M), and France ($4.21M).

The fastest growing import markets in Knives for Italy between 2022 and 2023 were Belgium ($1.42M), Germany ($1.39M), and United States ($274k).

COMPANIES In 2023, leading companies such as Arhaus (3) were at the forefront of shipping Knives from Italy to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Italy's Knives exports accounted up to €4.46M and imports accounted up to €4.68M, resulting in a negative trade balance of €213k. Between November 2023 and November 2024 the exports of Italy's   Knives have increased by €1.07M (31.6%) from €3.39M to €4.46M, while imports increased by €268k (6.07%) from €4.41M to €4.68M.

Destinations In November 2024, Knives were exported mostly to United States (€948k), Germany (€760k), France (€349k), Netherlands (€292k), and Russia (€221k), and were imported mostly from China (€1.83M), Germany (€1.22M), Netherlands (€439k), France (€374k), and Belgium (€353k).

Growth In November 2024, the increase in Knives's year-by-year exports was explained primarily by an increase in exports to Spain (€363k or 362%), Netherlands (€319k or 239%), and United States (€195k or 34.5%). In November 2024, the increase in Knives's year-by-year imports was explained primarily by an increase in imports from Belgium (€149k or 68.8%), Spain (€48.3k or 26.9%), and France (€36.7k or 15.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€1.07M(31.6%)
IMPORT GROWTH (November 2023 - November 2024)€268k(6.07%)
MAIN DESTINATION (November 2024)United States€948k

This section shows Knives'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 Knives over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$47.4M
IMPORTS (2023)$65.6M
NET TRADE (2023)-$18.2M

In 2023, Italy exported $47.4M in Knives. The main destinations of Italy exports on Knives were United States ($10.6M), Germany ($5.28M), Netherlands ($4.19M), France ($3.66M), and Romania ($1.63M).

In 2023, Italy imported $65.6M in Knives, mainly from China ($24.2M), Germany ($12.2M), Belgium ($6.03M), Netherlands ($5.53M), and France ($4.21M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knives EXPORT MARKETS FOR Italy WERE (2022 - 2023):
Germany$1.31M (33.1%)
Russia$506k (172%)
Switzerland$268k (32.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knives BY Italy WERE (2022 - 2023):
United States-$2.15M (-16.9%)
Netherlands-$1.34M (-24.3%)
France-$1.14M (-23.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Knives were:
China $1.52B
Germany $277M
Japan $183M
In 2023, Italy's main importing competitors in Knives were:
United States $805M
Germany $293M
France $150M

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Trade Value of Knives by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.18M
TOP IMPORT POTENTIALChina+ $5.01M

Knives’s highest export potential is United States. With an export gap of $3.18M.   Knives’s highest import potential is China with an import gap of $5.01M.

See methodology.

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