2022
Exports
$12MWorld Rnk 17 / 80
Flag Rnk 942 / 1217
2022
PRODUCT COMPLEXITY IN Rare-Earth Metal Compounds
0.68Rnk 287 / 1025
2022
Imports
$14.1MWorld Rnk 19 / 144
Flag Rnk 973 / 1215
2022
ECONOMIC COMPLEXITY of Italy
1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $12M in Rare-Earth Metal Compounds, making it the 17th largest exporter of Rare-Earth Metal Compounds in the world. At the same year, Rare-Earth Metal Compounds was the 942nd most exported product in Italy. The main destination of Rare-Earth Metal Compounds exports from Italy are: United Kingdom ($5.48M), Japan ($3.91M), United States ($696k), Brazil ($627k), and Mexico ($496k).

The fastest growing export markets for Rare-Earth Metal Compounds of Italy between 2021 and 2022 were Japan ($1.31M), Brazil ($590k), and Russia ($44.7k).

Imports In 2022, Italy imported $14.1M in Rare-Earth Metal Compounds, becoming the 19th largest importer of Rare-Earth Metal Compounds in the world. At the same year, Rare-Earth Metal Compounds was the 973rd most imported product in Italy. Italy imports Rare-Earth Metal Compounds primarily from: Austria ($4.28M), China ($2.78M), Netherlands ($2.77M), France ($2.44M), and India ($412k).

The fastest growing import markets in Rare-Earth Metal Compounds for Italy between 2021 and 2022 were Austria ($1.87M), Netherlands ($1.62M), and China ($1.56M).

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - August 2024)€-781k(-99.9%)
IMPORT GROWTH (August 2023 - August 2024)€22k(39.2%)
MAIN DESTINATION (August 2024)Germany€335

This section shows Rare-Earth Metal Compounds'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 Rare-Earth Metal Compounds over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$12M
IMPORTS (2022)$14.1M
NET TRADE (2022)-$2.13M

In 2022, Italy exported $12M in Rare-Earth Metal Compounds. The main destinations of Italy exports on Rare-Earth Metal Compounds were United Kingdom ($5.48M), Japan ($3.91M), United States ($696k), Brazil ($627k), and Mexico ($496k).

In 2022, Italy imported $14.1M in Rare-Earth Metal Compounds, mainly from Austria ($4.28M), China ($2.78M), Netherlands ($2.77M), France ($2.44M), and India ($412k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rare-Earth Metal Compounds EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Japan$1.31M (50.3%)
Brazil$590k (1.63k%)
Russia$44.7k (35.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rare-Earth Metal Compounds BY Italy WERE (2021 - 2022):
Germany-$1.16M (-72.3%)
United Kingdom-$423k (-7.17%)
Philippines-$189k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Rare-Earth Metal Compounds were:
In 2022, Italy's main importing competitors in Rare-Earth Metal Compounds were:
China $1.48B
Japan $488M

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Trade Value of Rare-Earth Metal Compounds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $598k
TOP IMPORT POTENTIALChina+ $1.64M

Rare-Earth Metal Compounds’s highest export potential is United States. With an export gap of $598k.   Rare-Earth Metal Compounds’s highest import potential is China with an import gap of $1.64M.

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