2022
Exports
$152MWorld Rnk 8 / 218
Flag Rnk 483 / 1217
2022
PRODUCT COMPLEXITY IN Other Hand Tools
1.51Rnk 50 / 1025
2022
Imports
$179MWorld Rnk 14 / 224
Flag Rnk 457 / 1215
2022
ECONOMIC COMPLEXITY of Italy
1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $152M in Other Hand Tools, making it the 8th largest exporter of Other Hand Tools in the world. At the same year, Other Hand Tools was the 483rd most exported product in Italy. The main destination of Other Hand Tools exports from Italy are: Germany ($30M), France ($19M), United States ($11.6M), Saudi Arabia ($7.68M), and Spain ($6.93M).

The fastest growing export markets for Other Hand Tools of Italy between 2021 and 2022 were Saudi Arabia ($1.16M), United States ($571k), and South Korea ($451k).

Imports In 2022, Italy imported $179M in Other Hand Tools, becoming the 14th largest importer of Other Hand Tools in the world. At the same year, Other Hand Tools was the 457th most imported product in Italy. Italy imports Other Hand Tools primarily from: China ($57.3M), Germany ($34.5M), Chinese Taipei ($12.6M), France ($11.7M), and Spain ($10.8M).

The fastest growing import markets in Other Hand Tools for Italy between 2021 and 2022 were China ($3.21M), United States ($2.74M), and Saudi Arabia ($995k).

COMPANIES In 2023, leading companies such as Stanley Black & Decker (1) were at the forefront of shipping Other Hand Tools from Italy to the United States.

Latest Trends

September 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)€852k(8.99%)
IMPORT GROWTH (September 2023 - September 2024)€3.66M(37.9%)
MAIN DESTINATION (September 2024)Germany€2.91M

This section shows Other Hand Tools'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 Hand Tools over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$152M
IMPORTS (2022)$179M
NET TRADE (2022)-$27M

In 2022, Italy exported $152M in Other Hand Tools. The main destinations of Italy exports on Other Hand Tools were Germany ($30M), France ($19M), United States ($11.6M), Saudi Arabia ($7.68M), and Spain ($6.93M).

In 2022, Italy imported $179M in Other Hand Tools, mainly from China ($57.3M), Germany ($34.5M), Chinese Taipei ($12.6M), France ($11.7M), and Spain ($10.8M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Hand Tools EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Saudi Arabia$1.16M (17.8%)
United States$571k (5.17%)
South Korea$451k (92.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Hand Tools BY Italy WERE (2021 - 2022):
Germany-$7.55M (-20.1%)
France-$5.5M (-22.5%)
Spain-$2.91M (-29.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Other Hand Tools were:
In 2022, Italy's main importing competitors in Other Hand Tools were:

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Trade Value of Other Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.27M
TOP IMPORT POTENTIALChina+ $13.6M

Other Hand Tools’s highest export potential is United States. With an export gap of $7.27M.   Other Hand Tools’s highest import potential is China with an import gap of $13.6M.

See methodology.

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