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2023
Exports $137MWorld Rnk 5 / 185
Flag Rnk 505 / 1216
2023
Destination $10.8M Mexico
2022 - 2023
FASTEST GROWING MARKET $10.8MMexico
2023
PRODUCT COMPLEXITY IN Opto-Electric Instrument Parts1.07Rnk 155 / 1025
2023
Imports $79.2MWorld Rnk 12 / 215
Flag Rnk 645 / 1213
2023
Origin $5.19M Germany
2022 - 2023
FASTEST GROWING ORIGIN $5.19MNetherlands
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $137M in Opto-Electric Instrument Parts, making it the 5th largest exporter of Opto-Electric Instrument Parts in the world. At the same year, Opto-Electric Instrument Parts was the 505th most exported product in Italy. The main destination of Opto-Electric Instrument Parts exports from Italy are: Mexico ($11.3M), Germany ($11.2M), Sweden ($10.2M), France ($8.95M), and Bosnia and Herzegovina ($8.68M).

The fastest growing export markets for Opto-Electric Instrument Parts of Italy between 2022 and 2023 were Mexico ($10.8M), Japan ($4.48M), and Romania ($3.23M).

Imports In 2023, Italy imported $79.2M in Opto-Electric Instrument Parts, becoming the 12th largest importer of Opto-Electric Instrument Parts in the world. At the same year, Opto-Electric Instrument Parts was the 645th most imported product in Italy. Italy imports Opto-Electric Instrument Parts primarily from: Germany ($22.3M), Netherlands ($9.39M), United States ($8.82M), China ($6.19M), and France ($4.02M).

The fastest growing import markets in Opto-Electric Instrument Parts for Italy between 2022 and 2023 were Netherlands ($5.19M), Germany ($4.05M), and Japan ($1.82M).

Latest Trends

November 2024

About

Overview In November 2024 Italy's Opto-Electric Instrument Parts exports accounted up to €7.94M and imports accounted up to €5.46M, resulting in a positive trade balance of €2.47M. Between November 2023 and November 2024 the exports of Italy's   Opto-Electric Instrument Parts have decreased by €-2.72M (-25.5%) from €10.7M to €7.94M, while imports decreased by €-453k (-7.66%) from €5.92M to €5.46M.

Destinations In November 2024, Opto-Electric Instrument Parts were exported mostly to United States (€1.43M), Germany (€1.03M), Japan (€837k), France (€603k), and Spain (€567k), and were imported mostly from Germany (€1.3M), United States (€815k), China (€674k), Netherlands (€631k), and Belgium (€556k).

Growth In November 2024, the decrease in Opto-Electric Instrument Parts's year-by-year exports was explained primarily by a decrease in exports to Chinese Taipei (€-448k or -97.7%), Spain (€-233k or -33.1%), and Switzerland (€-153k or -49.8%). In November 2024, the decrease in Opto-Electric Instrument Parts's year-by-year imports was explained primarily by a decrease in imports from United States (€-515k or -29.1%), Netherlands (€-246k or -28%), and Poland (€-155k or -93.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€-2.72M(-25.5%)
IMPORT GROWTH (November 2023 - November 2024)€-453k(-7.66%)
MAIN DESTINATION (November 2024)United States€1.43M

This section shows Opto-Electric Instrument Parts'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 Opto-Electric Instrument Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$137M
IMPORTS (2023)$79.2M
NET TRADE (2023)$57.8M

In 2023, Italy exported $137M in Opto-Electric Instrument Parts. The main destinations of Italy exports on Opto-Electric Instrument Parts were Mexico ($11.3M), Germany ($11.2M), Sweden ($10.2M), France ($8.95M), and Bosnia and Herzegovina ($8.68M).

In 2023, Italy imported $79.2M in Opto-Electric Instrument Parts, mainly from Germany ($22.3M), Netherlands ($9.39M), United States ($8.82M), China ($6.19M), and France ($4.02M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Opto-Electric Instrument Parts EXPORT MARKETS FOR Italy WERE (2022 - 2023):
Mexico$10.8M (2.48k%)
Japan$4.48M (375%)
Romania$3.23M (281%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Opto-Electric Instrument Parts BY Italy WERE (2022 - 2023):
Bosnia and Herzegovina-$2.32M (-21.1%)
Philippines-$1.33M (-44%)
Netherlands-$1.32M (-29.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Opto-Electric Instrument Parts were:
United States $485M
Germany $481M
China $397M
In 2023, Italy's main importing competitors in Opto-Electric Instrument Parts were:
United States $276M
Germany $240M
Hong Kong $177M

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Trade Value of Opto-Electric Instrument Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.73M
TOP IMPORT POTENTIALChina+ $2.65M

Opto-Electric Instrument Parts’s highest export potential is United States. With an export gap of $3.73M.   Opto-Electric Instrument Parts’s highest import potential is China with an import gap of $2.65M.

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