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2023
Exports $2.7BWorld Rnk 3 / 184
Flag Rnk 49 / 1216
2023
Destination $61.7M United States
2022 - 2023
FASTEST GROWING MARKET $61.7MGermany
2023
PRODUCT COMPLEXITY IN Lifting Machinery1.09Rnk 149 / 1025
2023
Imports $776MWorld Rnk 10 / 222
Flag Rnk 169 / 1213
2023
Origin $72.6M Germany
2022 - 2023
FASTEST GROWING ORIGIN $72.6MGermany
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $2.7B in Lifting Machinery, making it the 3rd largest exporter of Lifting Machinery in the world. At the same year, Lifting Machinery was the 49th most exported product in Italy. The main destination of Lifting Machinery exports from Italy are: United States ($412M), United Kingdom ($248M), Germany ($224M), France ($180M), and Turkey ($127M).

The fastest growing export markets for Lifting Machinery of Italy between 2022 and 2023 were Germany ($61.7M), Netherlands ($56.9M), and France ($46.4M).

Imports In 2023, Italy imported $776M in Lifting Machinery, becoming the 10th largest importer of Lifting Machinery in the world. At the same year, Lifting Machinery was the 169th most imported product in Italy. Italy imports Lifting Machinery primarily from: Germany ($221M), Netherlands ($101M), China ($67.9M), France ($60.1M), and Slovakia ($50.5M).

The fastest growing import markets in Lifting Machinery for Italy between 2022 and 2023 were Germany ($72.6M), Slovakia ($48.2M), and Austria ($8.79M).

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

November 2024

About

Overview In November 2024 Italy's Lifting Machinery exports accounted up to €190M and imports accounted up to €69.6M, resulting in a positive trade balance of €121M. Between October 2023 and November 2024 the exports of Italy's   Lifting Machinery have decreased by €-62.2M (-24.7%) from €252M to €190M, while imports decreased by €-3.9M (-5.3%) from €73.5M to €69.6M.

Destinations In November 2024, Lifting Machinery were exported mostly to United States (€32.7M), France (€18.3M), Germany (€14M), Spain (€13.6M), and United Kingdom (€9.68M), and were imported mostly from Germany (€21.8M), Netherlands (€12.5M), France (€7.9M), Finland (€4.67M), and China (€3.69M).

Growth In November 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 November 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 (October 2023 - November 2024)€-62.2M(-24.7%)
IMPORT GROWTH (October 2023 - November 2024)€-3.9M(-5.3%)
MAIN DESTINATION (November 2024)United States€32.7M

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 (2023)$2.7B
IMPORTS (2023)$776M
NET TRADE (2023)$1.93B

In 2023, Italy exported $2.7B in Lifting Machinery. The main destinations of Italy exports on Lifting Machinery were United States ($412M), United Kingdom ($248M), Germany ($224M), France ($180M), and Turkey ($127M).

In 2023, Italy imported $776M in Lifting Machinery, mainly from Germany ($221M), Netherlands ($101M), China ($67.9M), France ($60.1M), and Slovakia ($50.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Lifting Machinery EXPORT MARKETS FOR Italy WERE (2022 - 2023):
Germany$61.7M (38.1%)
Netherlands$56.9M (91.6%)
France$46.4M (34.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lifting Machinery BY Italy WERE (2022 - 2023):
Australia-$33.4M (-34.3%)
Russia-$31.2M (-83.4%)
Canada-$26.4M (-48%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Lifting Machinery were:
China $7.77B
Germany $5.3B
In 2023, Italy's main importing competitors in Lifting Machinery were:
United States $6.4B
Germany $2.13B
United Kingdom $1.62B

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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.

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