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2023
Exports $363MWorld Rnk 2 / 147
Flag Rnk 286 / 1216
2023
Destination $17.6M Turkey
2022 - 2023
FASTEST GROWING MARKET $17.6MTurkey
2023
PRODUCT COMPLEXITY IN Liquid Fuel Furnaces1.19Rnk 107 / 1025
2023
Imports $83.3MWorld Rnk 8 / 208
Flag Rnk 633 / 1213
2023
Origin $6.98M Germany
2022 - 2023
FASTEST GROWING ORIGIN $6.98MFrance
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $363M in Liquid Fuel Furnaces, making it the 2nd largest exporter of Liquid Fuel Furnaces in the world. At the same year, Liquid Fuel Furnaces was the 286th most exported product in Italy. The main destination of Liquid Fuel Furnaces exports from Italy are: Turkey ($47.7M), China ($32.7M), Germany ($25.7M), France ($23.7M), and United Kingdom ($15.9M).

The fastest growing export markets for Liquid Fuel Furnaces of Italy between 2022 and 2023 were Turkey ($17.6M), Singapore ($6.49M), and India ($3.43M).

Imports In 2023, Italy imported $83.3M in Liquid Fuel Furnaces, becoming the 8th largest importer of Liquid Fuel Furnaces in the world. At the same year, Liquid Fuel Furnaces was the 633rd most imported product in Italy. Italy imports Liquid Fuel Furnaces primarily from: Germany ($33.4M), France ($14M), China ($5.9M), Austria ($5.44M), and Denmark ($4.79M).

The fastest growing import markets in Liquid Fuel Furnaces for Italy between 2022 and 2023 were France ($6.98M), Germany ($3.86M), and Luxembourg ($1.49M).

Latest Trends

November 2024

About

Overview In November 2024 Italy's Liquid Fuel Furnaces exports accounted up to €28.1M and imports accounted up to €4.26M, resulting in a positive trade balance of €23.8M. Between November 2023 and November 2024 the exports of Italy's   Liquid Fuel Furnaces have decreased by €-572k (-1.99%) from €28.7M to €28.1M, while imports decreased by €-3.21M (-43%) from €7.48M to €4.26M.

Destinations In November 2024, Liquid Fuel Furnaces were exported mostly to France (€5.39M), Turkey (€2.61M), China (€1.87M), Ireland (€1.86M), and United Kingdom (€1.77M), and were imported mostly from Germany (€1.45M), China (€684k), Austria (€527k), France (€476k), and Denmark (€446k).

Growth In November 2024, the decrease in Liquid Fuel Furnaces's year-by-year exports was explained primarily by a decrease in exports to Poland (€-1.58M or -52.7%), United Kingdom (€-1.36M or -44.6%), and China (€-1.19M or -59.1%). In November 2024, the decrease in Liquid Fuel Furnaces's year-by-year imports was explained primarily by a decrease in imports from China (€-683k or -69.8%), Belgium (€-304k or -95.3%), and Netherlands (€-127k or -33.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€-572k(-1.99%)
IMPORT GROWTH (November 2023 - November 2024)€-3.21M(-43%)
MAIN DESTINATION (November 2024)France€5.39M

This section shows Liquid Fuel Furnaces'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 Liquid Fuel Furnaces over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$363M
IMPORTS (2023)$83.3M
NET TRADE (2023)$280M

In 2023, Italy exported $363M in Liquid Fuel Furnaces. The main destinations of Italy exports on Liquid Fuel Furnaces were Turkey ($47.7M), China ($32.7M), Germany ($25.7M), France ($23.7M), and United Kingdom ($15.9M).

In 2023, Italy imported $83.3M in Liquid Fuel Furnaces, mainly from Germany ($33.4M), France ($14M), China ($5.9M), Austria ($5.44M), and Denmark ($4.79M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Liquid Fuel Furnaces EXPORT MARKETS FOR Italy WERE (2022 - 2023):
Turkey$17.6M (58.5%)
Singapore$6.49M (993%)
India$3.43M (31.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Liquid Fuel Furnaces BY Italy WERE (2022 - 2023):
Russia-$16.9M (-100%)
France-$11.3M (-32.2%)
China-$8.74M (-21.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Liquid Fuel Furnaces were:
Germany $565M
South Korea $249M
In 2023, Italy's main importing competitors in Liquid Fuel Furnaces were:
Indonesia $292M
United States $212M
Germany $175M

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Trade Value of Liquid Fuel Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.55M
TOP IMPORT POTENTIALChina+ $2.12M

Liquid Fuel Furnaces’s highest export potential is United States. With an export gap of $5.55M.   Liquid Fuel Furnaces’s highest import potential is China with an import gap of $2.12M.

See methodology.

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