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2023
Exports $4.25BWorld Rnk 3 / 206
Flag Rnk 27 / 1216
2023
Destination $34.1M France
2022 - 2023
FASTEST GROWING MARKET $34.1MTurkey
2023
PRODUCT COMPLEXITY IN Refrigerators0.59Rnk 333 / 1025
2023
Imports $1.72BWorld Rnk 7 / 225
Flag Rnk 80 / 1213
2023
Origin $20.2M China
2022 - 2023
FASTEST GROWING ORIGIN $20.2MRomania
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $4.25B in Refrigerators, making it the 3rd largest exporter of Refrigerators in the world. At the same year, Refrigerators was the 27th most exported product in Italy. The main destination of Refrigerators exports from Italy are: France ($548M), Germany ($445M), United Kingdom ($286M), United States ($273M), and Spain ($203M).

The fastest growing export markets for Refrigerators of Italy between 2022 and 2023 were Turkey ($34.1M), France ($31.3M), and Switzerland ($31M).

Imports In 2023, Italy imported $1.72B in Refrigerators, becoming the 7th largest importer of Refrigerators in the world. At the same year, Refrigerators was the 80th most imported product in Italy. Italy imports Refrigerators primarily from: China ($510M), Germany ($204M), Turkey ($173M), Poland ($143M), and Romania ($117M).

The fastest growing import markets in Refrigerators for Italy between 2022 and 2023 were Romania ($20.2M), Japan ($10.9M), and Belgium ($7.68M).

COMPANIES In 2023, leading companies such as Electrolux (29), Emilgroup (15), and Volvo (3) were at the forefront of shipping Refrigerators from Italy to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Italy's Refrigerators exports accounted up to €323M and imports accounted up to €118M, resulting in a positive trade balance of €205M. Between November 2023 and November 2024 the exports of Italy's   Refrigerators have increased by €25M (8.4%) from €298M to €323M, while imports increased by €14.1M (13.6%) from €103M to €118M.

Destinations In November 2024, Refrigerators were exported mostly to Germany (€43.5M), France (€40.1M), Spain (€24.5M), United Kingdom (€21.1M), and United States (€19.8M), and were imported mostly from China (€32.2M), Germany (€14.9M), Poland (€11.6M), France (€10M), and Turkey (€10M).

Growth In November 2024, the increase in Refrigerators's year-by-year exports was explained primarily by an increase in exports to Canada (€64.6M or 4.67k%), France (€5.56M or 16.9%), and Germany (€4.79M or 17.5%). In November 2024, the increase in Refrigerators's year-by-year imports was explained primarily by an increase in imports from France (€3.37M or 67.3%), Netherlands (€2.15M or 77.2%), and Belgium (€1.72M or 157%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€25M(8.4%)
IMPORT GROWTH (November 2023 - November 2024)€14.1M(13.6%)
MAIN DESTINATION (November 2024)Germany€43.5M

This section shows Refrigerators'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 Refrigerators over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$4.25B
IMPORTS (2023)$1.72B
NET TRADE (2023)$2.53B

In 2023, Italy exported $4.25B in Refrigerators. The main destinations of Italy exports on Refrigerators were France ($548M), Germany ($445M), United Kingdom ($286M), United States ($273M), and Spain ($203M).

In 2023, Italy imported $1.72B in Refrigerators, mainly from China ($510M), Germany ($204M), Turkey ($173M), Poland ($143M), and Romania ($117M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refrigerators EXPORT MARKETS FOR Italy WERE (2022 - 2023):
Turkey$34.1M (61.5%)
France$31.3M (6.06%)
Switzerland$31M (23.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refrigerators BY Italy WERE (2022 - 2023):
Australia-$46.1M (-44.8%)
United States-$23.8M (-8.02%)
Canada-$19.8M (-29.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Refrigerators were:
China $16.4B
Mexico $7.25B
In 2023, Italy's main importing competitors in Refrigerators were:
United States $13.7B
Germany $4.51B
France $2.78B

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Trade Value of Refrigerators by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $167M
TOP IMPORT POTENTIALChina+ $77.3M

Refrigerators’s highest export potential is United States. With an export gap of $167M.   Refrigerators’s highest import potential is China with an import gap of $77.3M.

See methodology.

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