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2022
Exports $35.7MWorld Rnk 17 / 92
Flag Rnk 760 / 1217
2022
Destination $2.37M Austria
2021 - 2022
FASTEST GROWING MARKET $2.37MCzechia
2022
PRODUCT COMPLEXITY IN Pig Iron-1.18Rnk 876 / 1025
2022
Imports $705MWorld Rnk 2 / 141
Flag Rnk 184 / 1215
2022
Origin $284M Russia
2021 - 2022
FASTEST GROWING ORIGIN $284MRussia
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $35.7M in Pig Iron, making it the 17th largest exporter of Pig Iron in the world. At the same year, Pig Iron was the 760th most exported product in Italy. The main destination of Pig Iron exports from Italy are: Austria ($12.8M), Czechia ($3.74M), Germany ($3.63M), Slovenia ($3.4M), and Slovakia ($3.21M).

The fastest growing export markets for Pig Iron of Italy between 2021 and 2022 were Czechia ($2.37M), Bulgaria ($1.79M), and Slovakia ($327k).

Imports In 2022, Italy imported $705M in Pig Iron, becoming the 2nd largest importer of Pig Iron in the world. At the same year, Pig Iron was the 184th most imported product in Italy. Italy imports Pig Iron primarily from: Russia ($469M), South Africa ($75.5M), Ukraine ($44.7M), Brazil ($38.3M), and Germany ($32.3M).

The fastest growing import markets in Pig Iron for Italy between 2021 and 2022 were Russia ($284M), Brazil ($37.8M), and South Africa ($24.1M).

Latest Trends

August 2024

About

Overview In August 2024 Italy's Pig Iron exports accounted up to €2.11M and imports accounted up to €111M, resulting in a negative trade balance of €109M. Between August 2023 and August 2024 the exports of Italy's   Pig Iron have increased by €951k (82.2%) from €1.16M to €2.11M, while imports increased by €69.2M (166%) from €41.8M to €111M.

Destinations In August 2024, Pig Iron were exported mostly to Bulgaria (€1.84M), Croatia (€112k), Germany (€80.6k), United States (€45.1k), and Turkey (€11k), and were imported mostly from Russia (€92.2M), South Africa (€10.3M), Ukraine (€6.25M), Austria (€2.21M), and Germany (€31.7k).

Growth In August 2024, the increase in Pig Iron's year-by-year exports was explained primarily by an increase in exports to Bulgaria (€1.13M or 15.3k%), Slovenia (€218k or 220%), and Czechia (€124k or 286%). In August 2024, the increase in Pig Iron's year-by-year imports was explained primarily by an increase in imports from Germany (€41.8k or 3.62%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€951k(82.2%)
IMPORT GROWTH (August 2023 - August 2024)€69.2M(166%)
MAIN DESTINATION (August 2024)Bulgaria€1.84M

This section shows Pig Iron'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 Pig Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$35.7M
IMPORTS (2022)$705M
NET TRADE (2022)-$669M

In 2022, Italy exported $35.7M in Pig Iron. The main destinations of Italy exports on Pig Iron were Austria ($12.8M), Czechia ($3.74M), Germany ($3.63M), Slovenia ($3.4M), and Slovakia ($3.21M).

In 2022, Italy imported $705M in Pig Iron, mainly from Russia ($469M), South Africa ($75.5M), Ukraine ($44.7M), Brazil ($38.3M), and Germany ($32.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pig Iron EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Czechia$2.37M (173%)
Bulgaria$1.79M (9.27k%)
Slovakia$327k (11.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pig Iron BY Italy WERE (2021 - 2022):
Austria-$5.27M (-29.2%)
Slovenia-$2.59M (-43.2%)
Poland-$331k (-16.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Pig Iron were:
Brazil $2.3B
Russia $1.78B
Ukraine $668M
In 2022, Italy's main importing competitors in Pig Iron were:
United States $2.87B
Turkey $666M

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Trade Value of Pig Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $1.07M
TOP IMPORT POTENTIALBrazil+ $17.7M

Pig Iron’s highest export potential is France. With an export gap of $1.07M.   Pig Iron’s highest import potential is Brazil with an import gap of $17.7M.

See methodology.

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