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2022
Exports $340MWorld Rnk 7 / 117
Flag Rnk 314 / 1217
2022
Destination $16.4M Germany
2021 - 2022
FASTEST GROWING MARKET $16.4MGermany
2022
PRODUCT COMPLEXITY IN Metal Lathes1.68Rnk 29 / 1025
2022
Imports $456MWorld Rnk 4 / 189
Flag Rnk 251 / 1215
2022
Origin $19.3M South Korea
2021 - 2022
FASTEST GROWING ORIGIN $19.3MChinese Taipei
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $340M in Metal Lathes, making it the 7th largest exporter of Metal Lathes in the world. At the same year, Metal Lathes was the 314th most exported product in Italy. The main destination of Metal Lathes exports from Italy are: Germany ($77.9M), United States ($52M), China ($40.5M), France ($23.2M), and Turkey ($17M).

The fastest growing export markets for Metal Lathes of Italy between 2021 and 2022 were Germany ($16.4M), Mexico ($8.9M), and United States ($8.33M).

Imports In 2022, Italy imported $456M in Metal Lathes, becoming the 4th largest importer of Metal Lathes in the world. At the same year, Metal Lathes was the 251st most imported product in Italy. Italy imports Metal Lathes primarily from: South Korea ($96.4M), Japan ($84.7M), Germany ($71.6M), Belgium ($41.4M), and Chinese Taipei ($31.5M).

The fastest growing import markets in Metal Lathes for Italy between 2021 and 2022 were Chinese Taipei ($19.3M), Japan ($16.4M), and Belgium ($9.81M).

Latest Trends

August 2024

About

Overview In August 2024 Italy's Metal Lathes exports accounted up to €12.8M and imports accounted up to €6.16M, resulting in a positive trade balance of €6.66M. Between August 2023 and August 2024 the exports of Italy's   Metal Lathes have decreased by €-8.82M (-40.8%) from €21.6M to €12.8M, while imports decreased by €-20.6M (-77%) from €26.8M to €6.16M.

Destinations In August 2024, Metal Lathes were exported mostly to Germany (€3.41M), United States (€2.74M), France (€1.71M), Brazil (€1.2M), and Turkey (€1.12M), and were imported mostly from Japan (€1.62M), South Korea (€1.43M), China (€991k), Germany (€594k), and Belgium (€485k).

Growth In August 2024, the decrease in Metal Lathes's year-by-year exports was explained primarily by a decrease in exports to Indonesia (€-736k or -73%), United States (€-262k or -23.8%), and United Arab Emirates (€-199k or -57.4%). In August 2024, the decrease in Metal Lathes's year-by-year imports was explained primarily by a decrease in imports from South Korea (€-7.78M or -60.6%), Japan (€-1.86M or -24.4%), and Netherlands (€-1.83M or -41.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-8.82M(-40.8%)
IMPORT GROWTH (August 2023 - August 2024)€-20.6M(-77%)
MAIN DESTINATION (August 2024)Germany€3.41M

This section shows Metal Lathes'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 Metal Lathes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$340M
IMPORTS (2022)$456M
NET TRADE (2022)-$116M

In 2022, Italy exported $340M in Metal Lathes. The main destinations of Italy exports on Metal Lathes were Germany ($77.9M), United States ($52M), China ($40.5M), France ($23.2M), and Turkey ($17M).

In 2022, Italy imported $456M in Metal Lathes, mainly from South Korea ($96.4M), Japan ($84.7M), Germany ($71.6M), Belgium ($41.4M), and Chinese Taipei ($31.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metal Lathes EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Germany$16.4M (26.7%)
Mexico$8.9M (300%)
United States$8.33M (19.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metal Lathes BY Italy WERE (2021 - 2022):
Austria-$8.62M (-56.6%)
India-$4.34M (-36%)
China-$4.19M (-9.39%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Metal Lathes were:
Japan $1.72B
South Korea $919M
Germany $778M
In 2022, Italy's main importing competitors in Metal Lathes were:
United States $1.15B
China $631M
Germany $594M

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Trade Value of Metal Lathes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $8.06M
TOP IMPORT POTENTIALChina+ $8.86M

Metal Lathes’s highest export potential is United States. With an export gap of $8.06M.   Metal Lathes’s highest import potential is China with an import gap of $8.86M.

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