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2022
Exports $264MWorld Rnk 2 / 138
Flag Rnk 83 / 96
2022
Destination $19.3M France
2021 - 2022
FASTEST GROWING MARKET $19.3MFrance
2022
PRODUCT COMPLEXITY IN Silk0.43Rnk 394 / 1025
2022
Imports $323MWorld Rnk 1 / 196
Flag Rnk 80 / 96
2022
Origin $56.3M China
2021 - 2022
FASTEST GROWING ORIGIN $56.3MChina
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $264M in Silk, making it the 2nd largest exporter of Silk in the world. At the same year, Silk was the 83rd most exported product in Italy. The main destination of Silk exports from Italy are: France ($79.2M), Romania ($37.4M), Tunisia ($21.6M), United States ($12.3M), and Germany ($10.9M).

The fastest growing export markets for Silk of Italy between 2021 and 2022 were France ($19.3M), Tunisia ($6.86M), and United States ($5.11M).

Imports In 2022, Italy imported $323M in Silk, becoming the 1st largest importer of Silk in the world. At the same year, Silk was the 80th most imported product in Italy. Italy imports Silk primarily from: China ($191M), Romania ($86.5M), France ($7.79M), Germany ($6.87M), and Brazil ($6.01M).

The fastest growing import markets in Silk for Italy between 2021 and 2022 were China ($56.3M), Romania ($24.8M), and Slovenia ($4.74M).

Latest Trends

June 2024

About

Overview In June 2024 Italy's Silk exports accounted up to €17.3M and imports accounted up to €25.8M, resulting in a negative trade balance of €8.55M. Between June 2023 and June 2024 the exports of Italy's   Silk have increased by €23.7k (0.14%) from €17.2M to €17.3M, while imports decreased by €-4.28M (-14.2%) from €30.1M to €25.8M.

Destinations In June 2024, Silk were exported mostly to Romania (€5.44M), France (€4.95M), Tunisia (€1.61M), Germany (€1.06M), and United Kingdom (€732k), and were imported mostly from China (€15.4M), Romania (€8.19M), France (€930k), Germany (€569k), and United Kingdom (€292k).

Growth In June 2024, the increase in Silk's year-by-year exports was explained primarily by an increase in exports to France (€1.64M or 34.1%), Romania (€964k or 26%), and Tunisia (€499k or 45.8%). In June 2024, the decrease in Silk's year-by-year imports was explained primarily by a decrease in imports from China (€-4.74M or -23.7%), Indonesia (€-220k or -46.3%), and United Kingdom (€-78.7k or -40.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€23.7k(0.14%)
IMPORT GROWTH (June 2023 - June 2024)€-4.28M(-14.2%)
MAIN DESTINATION (June 2024)Romania€5.44M

This section shows Silk'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 Silk over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$264M
IMPORTS (2022)$323M
NET TRADE (2022)-$58.8M

In 2022, Italy exported $264M in Silk. The main destinations of Italy exports on Silk were France ($79.2M), Romania ($37.4M), Tunisia ($21.6M), United States ($12.3M), and Germany ($10.9M).

In 2022, Italy imported $323M in Silk, mainly from China ($191M), Romania ($86.5M), France ($7.79M), Germany ($6.87M), and Brazil ($6.01M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silk EXPORT MARKETS FOR Italy WERE (2021 - 2022):
France$19.3M (32.2%)
Tunisia$6.86M (46.4%)
United States$5.11M (71.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silk BY Italy WERE (2021 - 2022):
Romania-$3.03M (-7.48%)
Bulgaria-$1.08M (-9.62%)
Russia-$991k (-26.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Silk were:
China $914M
Vietnam $148M
In 2022, Italy's main importing competitors in Silk were:
India $305M
France $112M

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Trade Value of Silk by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.18M
TOP IMPORT POTENTIALFrance+ $2.13M

Silk’s highest export potential is United States. With an export gap of $1.18M.   Silk’s highest import potential is France with an import gap of $2.13M.

See methodology.

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