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2023
Exports $1.14BWorld Rnk 15 / 188
Flag Rnk 128 / 1216
2023
Destination $131M United States
2022 - 2023
FASTEST GROWING MARKET $131MUnited States
2023
PRODUCT COMPLEXITY IN Large Construction Vehicles1.08Rnk 152 / 1025
2023
Imports $1.77BWorld Rnk 11 / 223
Flag Rnk 78 / 1213
2023
Origin $35.4M Belgium
2022 - 2023
FASTEST GROWING ORIGIN $35.4MBelgium
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $1.14B in Large Construction Vehicles, making it the 15th largest exporter of Large Construction Vehicles in the world. At the same year, Large Construction Vehicles was the 128th most exported product in Italy. The main destination of Large Construction Vehicles exports from Italy are: United States ($258M), France ($112M), Germany ($105M), United Kingdom ($63.8M), and Poland ($39.8M).

The fastest growing export markets for Large Construction Vehicles of Italy between 2022 and 2023 were United States ($131M), Turkey ($15.3M), and France ($14.9M).

Imports In 2023, Italy imported $1.77B in Large Construction Vehicles, becoming the 11th largest importer of Large Construction Vehicles in the world. At the same year, Large Construction Vehicles was the 78th most imported product in Italy. Italy imports Large Construction Vehicles primarily from: Belgium ($344M), Netherlands ($245M), China ($200M), France ($162M), and Japan ($152M).

The fastest growing import markets in Large Construction Vehicles for Italy between 2022 and 2023 were Belgium ($35.4M), Germany ($30.8M), and Czechia ($28.8M).

COMPANIES In 2023, leading companies such as John Deere (96), CNH Industrial (3), and Giorgio Armani (1) were at the forefront of shipping Large Construction Vehicles from Italy to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Italy's Large Construction Vehicles exports accounted up to €51.4M and imports accounted up to €151M, resulting in a negative trade balance of €99.4M. Between October 2023 and November 2024 the exports of Italy's   Large Construction Vehicles have decreased by €-56.1M (-52.2%) from €107M to €51.4M, while imports increased by €11.2M (8.05%) from €140M to €151M.

Destinations In November 2024, Large Construction Vehicles were exported mostly to United States (€17.6M), Spain (€3.99M), Saudi Arabia (€3.44M), France (€3.09M), and Germany (€2.5M), and were imported mostly from Belgium (€34M), China (€20.3M), Netherlands (€18.1M), Germany (€14M), and France (€13.6M).

Growth In November 2024, the decrease in Large Construction Vehicles's year-by-year exports was explained primarily by a decrease in exports to Chile (€-770k or -93.7%), Egypt (€-770k or -85.6%), and Hungary (€-617k or -68.1%). In November 2024, the increase in Large Construction Vehicles's year-by-year imports was explained primarily by an increase in imports from Netherlands (€7.76M or 75.3%), China (€7.74M or 36.2%), and Japan (€6.48M or 93.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - November 2024)€-56.1M(-52.2%)
IMPORT GROWTH (October 2023 - November 2024)€11.2M(8.05%)
MAIN DESTINATION (November 2024)United States€17.6M

This section shows Large Construction Vehicles'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 Large Construction Vehicles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.14B
IMPORTS (2023)$1.77B
NET TRADE (2023)-$627M

In 2023, Italy exported $1.14B in Large Construction Vehicles. The main destinations of Italy exports on Large Construction Vehicles were United States ($258M), France ($112M), Germany ($105M), United Kingdom ($63.8M), and Poland ($39.8M).

In 2023, Italy imported $1.77B in Large Construction Vehicles, mainly from Belgium ($344M), Netherlands ($245M), China ($200M), France ($162M), and Japan ($152M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Large Construction Vehicles EXPORT MARKETS FOR Italy WERE (2022 - 2023):
United States$131M (103%)
Turkey$15.3M (121%)
France$14.9M (15.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Large Construction Vehicles BY Italy WERE (2022 - 2023):
Czechia-$8.29M (-34.7%)
Denmark-$6.09M (-25%)
Egypt-$4.54M (-63.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Large Construction Vehicles were:
China $15.8B
Japan $15.1B
United States $5.08B
In 2023, Italy's main importing competitors in Large Construction Vehicles were:
United States $14.1B
Canada $4.68B
Germany $3.02B

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Trade Value of Large Construction Vehicles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $59.8M
TOP IMPORT POTENTIALChina+ $94.1M

Large Construction Vehicles’s highest export potential is United States. With an export gap of $59.8M.   Large Construction Vehicles’s highest import potential is China with an import gap of $94.1M.

See methodology.

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