2023
Exports
$6.2MWorld Rnk 14 / 134
Flag Rnk 1013 / 1216
falsefalse Georgia
2023
PRODUCT COMPLEXITY IN Laboratory Reagents
1.2Rnk 104 / 1025
2023
Imports
$25.7MWorld Rnk 0 / 0
Flag Rnk 0 / 0
2023
ECONOMIC COMPLEXITY of Italy
1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $6.2M in Laboratory Reagents, making it the 14th largest exporter of Laboratory Reagents in the world. At the same year, Laboratory Reagents was the 1013th most exported product in Italy. The main destination of Laboratory Reagents exports from Italy are: Georgia ($2.44M), Argentina ($2M), Philippines ($1.06M), Lebanon ($464k), and Guyana ($61.5k).

The fastest growing export markets for Laboratory Reagents of Italy between 2022 and 2023 were Georgia ($720k), Guyana ($42.9k), and Djibouti ($19.9k).

Imports In 2022, Italy imported $25.7M in Laboratory Reagents, becoming the 0th largest importer of Laboratory Reagents in the world. At the same year, Laboratory Reagents was the 0th most imported product in Italy. Italy imports Laboratory Reagents primarily from: N/A.

COMPANIES In 2023, leading companies such as BOEING (6) and IKEA Group (1) were at the forefront of shipping Laboratory Reagents from Italy to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€1.4M(2.22%)
IMPORT GROWTH (November 2023 - November 2024)€-2.77M(-2.11%)
MAIN DESTINATION (November 2024)Germany€12.4M

This section shows Laboratory Reagents'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 Laboratory Reagents over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$6.2M
IMPORTS (2022)$25.7M
NET TRADE (2023)$6.2M

In 2023, Italy exported $6.2M in Laboratory Reagents. The main destinations of Italy exports on Laboratory Reagents were Georgia ($2.44M), Argentina ($2M), Philippines ($1.06M), Lebanon ($464k), and Guyana ($61.5k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Laboratory Reagents EXPORT MARKETS FOR Italy WERE (2022 - 2023):
Georgia$720k (41.9%)
Guyana$42.9k (231%)
Djibouti$19.9k (339%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Laboratory Reagents BY Italy WERE (2022 - 2023):
Chinese Taipei-$1.67M (-100%)
Ukraine-$1.61M (-100%)
Philippines-$1.01M (-48.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Laboratory Reagents were:
In 2023, Italy's main importing competitors in Laboratory Reagents were:

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Trade Value of Laboratory Reagents by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $47.1M
TOP IMPORT POTENTIALChina+ $95.4M

Laboratory Reagents’s highest export potential is United States. With an export gap of $47.1M.   Laboratory Reagents’s highest import potential is China with an import gap of $95.4M.

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