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2022
Exports $2.48BWorld Rnk 3 / 184
Flag Rnk 53 / 1217
2022
Destination $30.4M United States
2021 - 2022
FASTEST GROWING MARKET $30.4MUnited States
2022
PRODUCT COMPLEXITY IN Lifting Machinery1.12Rnk 128 / 1025
2022
Imports $756MWorld Rnk 11 / 219
Flag Rnk 174 / 1215
2022
Origin $28.6M Germany
2021 - 2022
FASTEST GROWING ORIGIN $28.6MNetherlands
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $2.48B in Lifting Machinery, making it the 3rd largest exporter of Lifting Machinery in the world. At the same year, Lifting Machinery was the 53rd most exported product in Italy. The main destination of Lifting Machinery exports from Italy are: United States ($346M), France ($214M), Germany ($198M), United Kingdom ($158M), and Poland ($110M).

The fastest growing export markets for Lifting Machinery of Italy between 2021 and 2022 were United States ($30.4M), United Kingdom ($27.1M), and Sweden ($25.3M).

Imports In 2022, Italy imported $756M in Lifting Machinery, becoming the 11th largest importer of Lifting Machinery in the world. At the same year, Lifting Machinery was the 174th most imported product in Italy. Italy imports Lifting Machinery primarily from: Germany ($165M), Netherlands ($106M), France ($84.1M), China ($75.3M), and Slovakia ($39.7M).

The fastest growing import markets in Lifting Machinery for Italy between 2021 and 2022 were Netherlands ($28.6M), China ($25.8M), and France ($11.4M).

COMPANIES In 2023, leading companies such as Arhaus (22), Electrolux (3), and Robert Bosch (1) were at the forefront of shipping Lifting Machinery from Italy to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Italy's Lifting Machinery exports accounted up to €157M and imports accounted up to €33.5M, resulting in a positive trade balance of €123M. Between July 2023 and August 2024 the exports of Italy's   Lifting Machinery have decreased by €-69.5M (-30.7%) from €226M to €157M, while imports decreased by €-10.1M (-23.2%) from €43.6M to €33.5M.

Destinations In August 2024, Lifting Machinery were exported mostly to United States (€25.8M), Germany (€14.9M), France (€14.6M), Indonesia (€8.31M), and Australia (€8.06M), and were imported mostly from Germany (€9.37M), France (€6.05M), China (€4.21M), Netherlands (€3.73M), and Luxembourg (€1.91M).

Growth In August 2024, the decrease in Lifting Machinery's year-by-year exports was explained primarily by a decrease in exports to China (€-2.94M or -85%), Canada (€-1.62M or -69.1%), and Chile (€-1.03M or -65.4%). In August 2024, the decrease in Lifting Machinery's year-by-year imports was explained primarily by a decrease in imports from Poland (€-2.05M or -98.8%), France (€-1.46M or -22.4%), and Finland (€-1.25M or -81.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - August 2024)€-69.5M(-30.7%)
IMPORT GROWTH (July 2023 - August 2024)€-10.1M(-23.2%)
MAIN DESTINATION (August 2024)United States€25.8M

This section shows Lifting Machinery'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 Lifting Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.48B
IMPORTS (2022)$756M
NET TRADE (2022)$1.72B

In 2022, Italy exported $2.48B in Lifting Machinery. The main destinations of Italy exports on Lifting Machinery were United States ($346M), France ($214M), Germany ($198M), United Kingdom ($158M), and Poland ($110M).

In 2022, Italy imported $756M in Lifting Machinery, mainly from Germany ($165M), Netherlands ($106M), France ($84.1M), China ($75.3M), and Slovakia ($39.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Lifting Machinery EXPORT MARKETS FOR Italy WERE (2021 - 2022):
United States$30.4M (9.62%)
United Kingdom$27.1M (20.6%)
Sweden$25.3M (121%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lifting Machinery BY Italy WERE (2021 - 2022):
Russia-$33.8M (-47.5%)
China-$19.3M (-29.1%)
France-$14.8M (-6.48%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Lifting Machinery were:
China $6.88B
Germany $5.16B
In 2022, Italy's main importing competitors in Lifting Machinery were:
United States $5.58B
Germany $2.32B
United Kingdom $1.44B

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Trade Value of Lifting Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $78.7M
TOP IMPORT POTENTIALChina+ $42.6M

Lifting Machinery’s highest export potential is United States. With an export gap of $78.7M.   Lifting Machinery’s highest import potential is China with an import gap of $42.6M.

See methodology.

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