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2023
Exports $5.88BWorld Rnk 10 / 219
Flag Rnk 14 / 1216
2023
Destination $64.6M United States
2022 - 2023
FASTEST GROWING MARKET $64.6MGermany
2023
PRODUCT COMPLEXITY IN Machinery Having Individual Functions1.86Rnk 6 / 1025
2023
Imports $3.09BWorld Rnk 14 / 226
Flag Rnk 31 / 1213
2023
Origin $225M Germany
2022 - 2023
FASTEST GROWING ORIGIN $225MGermany
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $5.88B in Machinery Having Individual Functions, making it the 10th largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 14th most exported product in Italy. The main destination of Machinery Having Individual Functions exports from Italy are: United States ($739M), Germany ($524M), China ($368M), France ($352M), and Turkey ($228M).

The fastest growing export markets for Machinery Having Individual Functions of Italy between 2022 and 2023 were Germany ($64.6M), India ($48.3M), and France ($39.3M).

Imports In 2023, Italy imported $3.09B in Machinery Having Individual Functions, becoming the 14th largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 31st most imported product in Italy. Italy imports Machinery Having Individual Functions primarily from: Germany ($1.09B), France ($278M), Netherlands ($187M), China ($179M), and United States ($176M).

The fastest growing import markets in Machinery Having Individual Functions for Italy between 2022 and 2023 were Germany ($225M), Chinese Taipei ($38.4M), and Austria ($35.6M).

COMPANIES In 2023, leading companies such as Marelli Automotive Lighting (4), Mahle Behr (2), and Konecranes (2) were at the forefront of shipping Machinery Having Individual Functions from Italy to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Italy's Machinery Having Individual Functions exports accounted up to €432M and imports accounted up to €169M, resulting in a positive trade balance of €263M. Between November 2023 and November 2024 the exports of Italy's   Machinery Having Individual Functions have decreased by €-38.5M (-8.19%) from €470M to €432M, while imports decreased by €-5.85M (-3.34%) from €175M to €169M.

Destinations In November 2024, Machinery Having Individual Functions were exported mostly to United States (€68.1M), France (€38.8M), Germany (€38.7M), United Kingdom (€25.5M), and Spain (€17.5M), and were imported mostly from Germany (€67.8M), France (€17M), United States (€11.1M), China (€11.1M), and Netherlands (€10.2M).

Growth In November 2024, the decrease in Machinery Having Individual Functions's year-by-year exports was explained primarily by a decrease in exports to Russia (€-10.9M or -79.2%), Slovakia (€-6.16M or -86.4%), and France (€-4.62M or -17.3%). In November 2024, the decrease in Machinery Having Individual Functions's year-by-year imports was explained primarily by a decrease in imports from United States (€-2.54M or -20.3%), China (€-1.88M or -17.5%), and Japan (€-1.82M or -56.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€-38.5M(-8.19%)
IMPORT GROWTH (November 2023 - November 2024)€-5.85M(-3.34%)
MAIN DESTINATION (November 2024)United States€68.1M

This section shows Machinery Having Individual Functions'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 Machinery Having Individual Functions over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$5.88B
IMPORTS (2023)$3.09B
NET TRADE (2023)$2.78B

In 2023, Italy exported $5.88B in Machinery Having Individual Functions. The main destinations of Italy exports on Machinery Having Individual Functions were United States ($739M), Germany ($524M), China ($368M), France ($352M), and Turkey ($228M).

In 2023, Italy imported $3.09B in Machinery Having Individual Functions, mainly from Germany ($1.09B), France ($278M), Netherlands ($187M), China ($179M), and United States ($176M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Machinery Having Individual Functions EXPORT MARKETS FOR Italy WERE (2022 - 2023):
Germany$64.6M (14.1%)
India$48.3M (40.4%)
France$39.3M (12.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery Having Individual Functions BY Italy WERE (2022 - 2023):
Russia-$77.6M (-76.9%)
Spain-$33.8M (-15.6%)
Australia-$20.1M (-17.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Machinery Having Individual Functions were:
Japan $34.6B
United States $27.8B
Netherlands $24.2B
In 2023, Italy's main importing competitors in Machinery Having Individual Functions were:
China $47.8B
United States $25B
South Korea $20.6B

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Trade Value of Machinery Having Individual Functions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $174M
TOP IMPORT POTENTIALChina+ $89.7M

Machinery Having Individual Functions’s highest export potential is China. With an export gap of $174M.   Machinery Having Individual Functions’s highest import potential is China with an import gap of $89.7M.

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