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2022
Exports $3.27BWorld Rnk 8 / 225
Flag Rnk 40 / 1217
2022
Destination $102M Germany
2021 - 2022
FASTEST GROWING MARKET $102MUnited States
2022
PRODUCT COMPLEXITY IN Low-voltage Protection Equipment0.56Rnk 342 / 1025
2022
Imports $3.06BWorld Rnk 9 / 226
Flag Rnk 29 / 1215
2022
Origin $45.8M Germany
2021 - 2022
FASTEST GROWING ORIGIN $45.8MGermany
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $3.27B in Low-voltage Protection Equipment, making it the 8th largest exporter of Low-voltage Protection Equipment in the world. At the same year, Low-voltage Protection Equipment was the 40th most exported product in Italy. The main destination of Low-voltage Protection Equipment exports from Italy are: Germany ($407M), France ($311M), United States ($279M), Spain ($154M), and Turkey ($128M).

The fastest growing export markets for Low-voltage Protection Equipment of Italy between 2021 and 2022 were United States ($102M), Czechia ($20.3M), and Ireland ($19.7M).

Imports In 2022, Italy imported $3.06B in Low-voltage Protection Equipment, becoming the 9th largest importer of Low-voltage Protection Equipment in the world. At the same year, Low-voltage Protection Equipment was the 29th most imported product in Italy. Italy imports Low-voltage Protection Equipment primarily from: Germany ($1.04B), France ($372M), China ($291M), Netherlands ($181M), and Czechia ($166M).

The fastest growing import markets in Low-voltage Protection Equipment for Italy between 2021 and 2022 were Germany ($45.8M), Tunisia ($27.2M), and France ($21.5M).

COMPANIES In 2023, leading companies such as ABB Motors and Mechanical (3), Arhaus (1), and Dana Incorporated (1) were at the forefront of shipping Low-voltage Protection Equipment from Italy to the United States.

Latest Trends

March 2024

About

Overview In March 2024 Italy's Low-voltage Protection Equipment exports accounted up to €269M and imports accounted up to €257M, resulting in a positive trade balance of €12.2M. Between March 2023 and March 2024 the exports of Italy's   Low-voltage Protection Equipment have decreased by €-35.4M (-11.6%) from €304M to €269M, while imports decreased by €-24.7M (-8.77%) from €282M to €257M.

Destinations In March 2024, Low-voltage Protection Equipment were exported mostly to Germany (€36.9M), France (€31.8M), United States (€26.5M), Spain (€14.2M), and Turkey (€14.2M), and were imported mostly from Germany (€95.3M), France (€43.2M), China (€22M), Netherlands (€11.9M), and Romania (€10.3M).

Growth In March 2024, the decrease in Low-voltage Protection Equipment's year-by-year exports was explained primarily by a decrease in exports to Finland (€-1.78M or -54.3%), China (€-1.6M or -21.2%), and Hong Kong (€-1.12M or -53.2%). In March 2024, the decrease in Low-voltage Protection Equipment's year-by-year imports was explained primarily by a decrease in imports from China (€-3.46M or -14.5%), Hungary (€-2.86M or -73.4%), and Portugal (€-1.52M or -80.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)€-35.4M(-11.6%)
IMPORT GROWTH (March 2023 - March 2024)€-24.7M(-8.77%)
MAIN DESTINATION (March 2024)Germany€36.9M

This section shows Low-voltage Protection Equipment'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 Low-voltage Protection Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.27B
IMPORTS (2022)$3.06B
NET TRADE (2022)$210M

In 2022, Italy exported $3.27B in Low-voltage Protection Equipment. The main destinations of Italy exports on Low-voltage Protection Equipment were Germany ($407M), France ($311M), United States ($279M), Spain ($154M), and Turkey ($128M).

In 2022, Italy imported $3.06B in Low-voltage Protection Equipment, mainly from Germany ($1.04B), France ($372M), China ($291M), Netherlands ($181M), and Czechia ($166M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Low-voltage Protection Equipment EXPORT MARKETS FOR Italy WERE (2021 - 2022):
United States$102M (58%)
Czechia$20.3M (20.6%)
Ireland$19.7M (102%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Low-voltage Protection Equipment BY Italy WERE (2021 - 2022):
China-$43.8M (-27.7%)
Russia-$40.5M (-60.9%)
Germany-$11.5M (-2.75%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Low-voltage Protection Equipment were:
China $28.2B
Germany $16.4B
United States $10.7B
In 2022, Italy's main importing competitors in Low-voltage Protection Equipment were:
United States $14.8B
China $11.6B
Germany $9.72B

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Trade Value of Low-voltage Protection Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $146M
TOP IMPORT POTENTIALChina+ $180M

Low-voltage Protection Equipment’s highest export potential is United States. With an export gap of $146M.   Low-voltage Protection Equipment’s highest import potential is China with an import gap of $180M.

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