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2022
Exports $441MWorld Rnk 1 / 103
Flag Rnk 261 / 1217
2022
Destination $17.2M United States
2021 - 2022
FASTEST GROWING MARKET $17.2MUnited States
2022
PRODUCT COMPLEXITY IN Other Firearms0.16Rnk 499 / 1025
2022
Imports $19.1MWorld Rnk 15 / 179
Flag Rnk 926 / 1215
2022
Origin $893k Belgium
2021 - 2022
FASTEST GROWING ORIGIN $893kBelgium
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $441M in Other Firearms, making it the 1st largest exporter of Other Firearms in the world. At the same year, Other Firearms was the 261st most exported product in Italy. The main destination of Other Firearms exports from Italy are: United States ($259M), France ($31.8M), United Kingdom ($19.2M), Canada ($16.6M), and Germany ($15.8M).

The fastest growing export markets for Other Firearms of Italy between 2021 and 2022 were United States ($17.2M), Brazil ($4.71M), and Germany ($3.58M).

Imports In 2022, Italy imported $19.1M in Other Firearms, becoming the 15th largest importer of Other Firearms in the world. At the same year, Other Firearms was the 926th most imported product in Italy. Italy imports Other Firearms primarily from: Belgium ($6.63M), United States ($3.37M), Germany ($1.98M), Turkey ($1.45M), and Finland ($1.41M).

The fastest growing import markets in Other Firearms for Italy between 2021 and 2022 were Belgium ($893k), United States ($522k), and Germany ($289k).

COMPANIES In 2023, leading companies such as PACCAR Engine (61) and Cummins (1) were at the forefront of shipping Other Firearms from Italy to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Italy's Other Firearms exports accounted up to €39M and imports accounted up to €1.37M, resulting in a positive trade balance of €37.6M. Between July 2023 and July 2024 the exports of Italy's   Other Firearms have increased by €5.29M (15.7%) from €33.7M to €39M, while imports increased by €1.21M (787%) from €154k to €1.37M.

Destinations In July 2024, Other Firearms were exported mostly to United States (€24.8M), France (€2.71M), United Kingdom (€1.83M), Canada (€1.83M), and Germany (€1.41M), and were imported mostly from Austria (€932k), Germany (€141k), Switzerland (€32.8k), Romania (€2.5k), and Netherlands (€517).

Growth In July 2024, the increase in Other Firearms's year-by-year exports was explained primarily by an increase in exports to Germany (€514k or 82.4%), United Kingdom (€365k or 73.4%), and Denmark (€226k or 5.38k%). In July 2024, the increase in Other Firearms's year-by-year imports was explained primarily by an increase in imports from Germany (€174k or 1.89k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€5.29M(15.7%)
IMPORT GROWTH (July 2023 - July 2024)€1.21M(787%)
MAIN DESTINATION (July 2024)United States€24.8M

This section shows Other Firearms'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 Other Firearms over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$441M
IMPORTS (2022)$19.1M
NET TRADE (2022)$422M

In 2022, Italy exported $441M in Other Firearms. The main destinations of Italy exports on Other Firearms were United States ($259M), France ($31.8M), United Kingdom ($19.2M), Canada ($16.6M), and Germany ($15.8M).

In 2022, Italy imported $19.1M in Other Firearms, mainly from Belgium ($6.63M), United States ($3.37M), Germany ($1.98M), Turkey ($1.45M), and Finland ($1.41M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Firearms EXPORT MARKETS FOR Italy WERE (2021 - 2022):
United States$17.2M (7.12%)
Brazil$4.71M (728%)
Germany$3.58M (29.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Firearms BY Italy WERE (2021 - 2022):
Russia-$15.7M (-85.7%)
Ukraine-$2.84M (-90.9%)
Mexico-$2.71M (-99.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Other Firearms were:
Turkey $314M
United States $278M
In 2022, Italy's main importing competitors in Other Firearms were:
United States $946M
Canada $144M
Tunisia $79.6M

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Trade Value of Other Firearms by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $2.69M
TOP IMPORT POTENTIALTurkey+ $1.08M

Other Firearms’s highest export potential is France. With an export gap of $2.69M.   Other Firearms’s highest import potential is Turkey with an import gap of $1.08M.

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