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2023
Exports $497MWorld Rnk 17 / 199
Flag Rnk 241 / 1216
2023
Destination $32M United Kingdom
2022 - 2023
FASTEST GROWING MARKET $32MAngola
2023
PRODUCT COMPLEXITY IN Navigation Equipment1.03Rnk 167 / 1025
2023
Imports $640MWorld Rnk 9 / 223
Flag Rnk 197 / 1213
2023
Origin $47.1M Hungary
2022 - 2023
FASTEST GROWING ORIGIN $47.1MHungary
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $497M in Navigation Equipment, making it the 17th largest exporter of Navigation Equipment in the world. At the same year, Navigation Equipment was the 241st most exported product in Italy. The main destination of Navigation Equipment exports from Italy are: United Kingdom ($77.9M), United States ($70.7M), Germany ($35.3M), Angola ($32M), and Qatar ($22.4M).

The fastest growing export markets for Navigation Equipment of Italy between 2022 and 2023 were Angola ($32M), Netherlands ($8.78M), and Brazil ($6.97M).

Imports In 2023, Italy imported $640M in Navigation Equipment, becoming the 9th largest importer of Navigation Equipment in the world. At the same year, Navigation Equipment was the 197th most imported product in Italy. Italy imports Navigation Equipment primarily from: Hungary ($99.3M), United Kingdom ($99.2M), United States ($79.6M), France ($60.9M), and Germany ($53.7M).

The fastest growing import markets in Navigation Equipment for Italy between 2022 and 2023 were Hungary ($47.1M), United States ($19M), and United Kingdom ($17.9M).

Latest Trends

October 2024

About

Overview In October 2024 Italy's Navigation Equipment exports accounted up to €30.2M and imports accounted up to €56.8M, resulting in a negative trade balance of €26.6M. Between October 2023 and October 2024 the exports of Italy's   Navigation Equipment have decreased by €-13.4M (-30.7%) from €43.6M to €30.2M, while imports decreased by €-12.2M (-17.7%) from €69M to €56.8M.

Destinations In October 2024, Navigation Equipment were exported mostly to United Kingdom (€6.61M), Germany (€3.8M), Spain (€3.69M), United States (€3.39M), and France (€2.91M), and were imported mostly from United States (€12.8M), United Kingdom (€8.93M), France (€8.81M), Hungary (€4.56M), and Netherlands (€4.51M).

Growth In October 2024, the decrease in Navigation Equipment's year-by-year exports was explained primarily by a decrease in exports to United Kingdom (€-2.81M or -32.9%), Germany (€-1.31M or -47.4%), and China (€-400k or -66.7%). In October 2024, the decrease in Navigation Equipment's year-by-year imports was explained primarily by a decrease in imports from China (€-761k or -25.3%), Chinese Taipei (€-179k or -69.5%), and Austria (€-172k or -69.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€-13.4M(-30.7%)
IMPORT GROWTH (October 2023 - October 2024)€-12.2M(-17.7%)
MAIN DESTINATION (October 2024)United Kingdom€6.61M

This section shows Navigation 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 Navigation Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$497M
IMPORTS (2023)$640M
NET TRADE (2023)-$143M

In 2023, Italy exported $497M in Navigation Equipment. The main destinations of Italy exports on Navigation Equipment were United Kingdom ($77.9M), United States ($70.7M), Germany ($35.3M), Angola ($32M), and Qatar ($22.4M).

In 2023, Italy imported $640M in Navigation Equipment, mainly from Hungary ($99.3M), United Kingdom ($99.2M), United States ($79.6M), France ($60.9M), and Germany ($53.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Navigation Equipment EXPORT MARKETS FOR Italy WERE (2022 - 2023):
Angola$32M (1.04M%)
Netherlands$8.78M (137%)
Brazil$6.97M (319%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Navigation Equipment BY Italy WERE (2022 - 2023):
Qatar-$64.6M (-74.2%)
Pakistan-$23.1M (-94.6%)
Turkmenistan-$21.9M (-98.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Navigation Equipment were:
China $3.35B
United States $3.12B
Germany $1.92B
In 2023, Italy's main importing competitors in Navigation Equipment were:
United States $4.43B
Germany $2.3B
China $1.81B

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Trade Value of Navigation Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $27.9M
TOP IMPORT POTENTIALChina+ $24.7M

Navigation Equipment’s highest export potential is United States. With an export gap of $27.9M.   Navigation Equipment’s highest import potential is China with an import gap of $24.7M.

See methodology.

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