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2022
Exports $566MWorld Rnk 3 / 197
Flag Rnk 227 / 1217
2022
Destination $7.27M Germany
2021 - 2022
FASTEST GROWING MARKET $7.27MUnited States
2022
PRODUCT COMPLEXITY IN Pulley Systems0.82Rnk 238 / 1025
2022
Imports $172MWorld Rnk 10 / 218
Flag Rnk 462 / 1215
2022
Origin $6.77M Germany
2021 - 2022
FASTEST GROWING ORIGIN $6.77MBosnia and Herzegovina
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $566M in Pulley Systems, making it the 3rd largest exporter of Pulley Systems in the world. At the same year, Pulley Systems was the 227th most exported product in Italy. The main destination of Pulley Systems exports from Italy are: Germany ($70M), France ($67.8M), United States ($37.6M), United Kingdom ($35.1M), and Netherlands ($24.7M).

The fastest growing export markets for Pulley Systems of Italy between 2021 and 2022 were United States ($7.27M), Saudi Arabia ($4.49M), and France ($4.35M).

Imports In 2022, Italy imported $172M in Pulley Systems, becoming the 10th largest importer of Pulley Systems in the world. At the same year, Pulley Systems was the 462nd most imported product in Italy. Italy imports Pulley Systems primarily from: Germany ($28.4M), China ($25.6M), Finland ($25M), France ($19.9M), and United States ($11.6M).

The fastest growing import markets in Pulley Systems for Italy between 2021 and 2022 were Bosnia and Herzegovina ($6.77M), China ($3.47M), and Serbia ($3.13M).

COMPANIES In 2023, leading companies such as Stihl (15) and ABB Motors and Mechanical (10) were at the forefront of shipping Pulley Systems from Italy to the United States.

Latest Trends

March 2024

About

Overview In March 2024 Italy's Pulley Systems exports accounted up to €48.7M and imports accounted up to €7.92M, resulting in a positive trade balance of €40.8M. Between March 2023 and March 2024 the exports of Italy's   Pulley Systems have decreased by €-2.78M (-5.39%) from €51.5M to €48.7M, while imports decreased by €-3.88M (-32.9%) from €11.8M to €7.92M.

Destinations In March 2024, Pulley Systems were exported mostly to Germany (€7.1M), France (€6.38M), United Kingdom (€4.13M), United States (€3.29M), and China (€2.66M), and were imported mostly from China (€1.6M), United States (€1.46M), Germany (€1.21M), Spain (€1.06M), and France (€787k).

Growth In March 2024, the decrease in Pulley Systems's year-by-year exports was explained primarily by a decrease in exports to Spain (€-245k or -15.9%), Norway (€-232k or -42.3%), and Czechia (€-208k or -33.2%). In March 2024, the decrease in Pulley Systems's year-by-year imports was explained primarily by a decrease in imports from China (€-1.04M or -50.5%), France (€-719k or -42%), and South Korea (€-511k or -80.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)€-2.78M(-5.39%)
IMPORT GROWTH (March 2023 - March 2024)€-3.88M(-32.9%)
MAIN DESTINATION (March 2024)Germany€7.1M

This section shows Pulley Systems'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 Pulley Systems over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$566M
IMPORTS (2022)$172M
NET TRADE (2022)$394M

In 2022, Italy exported $566M in Pulley Systems. The main destinations of Italy exports on Pulley Systems were Germany ($70M), France ($67.8M), United States ($37.6M), United Kingdom ($35.1M), and Netherlands ($24.7M).

In 2022, Italy imported $172M in Pulley Systems, mainly from Germany ($28.4M), China ($25.6M), Finland ($25M), France ($19.9M), and United States ($11.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pulley Systems EXPORT MARKETS FOR Italy WERE (2021 - 2022):
United States$7.27M (24%)
Saudi Arabia$4.49M (63.6%)
France$4.35M (6.85%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pulley Systems BY Italy WERE (2021 - 2022):
South Korea-$9.23M (-81.1%)
Netherlands-$4.76M (-16.1%)
Poland-$3.95M (-18.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Pulley Systems were:
China $2.92B
Germany $815M
In 2022, Italy's main importing competitors in Pulley Systems were:
United States $1.67B
Germany $518M
Canada $442M

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Trade Value of Pulley Systems by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $17.8M
TOP IMPORT POTENTIALChina+ $12.1M

Pulley Systems’s highest export potential is United States. With an export gap of $17.8M.   Pulley Systems’s highest import potential is China with an import gap of $12.1M.

See methodology.

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