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2022
Exports $1.12BWorld Rnk 3 / 178
Flag Rnk 139 / 1217
2022
Destination $21.3M France
2021 - 2022
FASTEST GROWING MARKET $21.3MUnited States
2022
PRODUCT COMPLEXITY IN Soil Preparation Machinery0.69Rnk 279 / 1025
2022
Imports $242MWorld Rnk 12 / 211
Flag Rnk 400 / 1215
2022
Origin $5.87M China
2021 - 2022
FASTEST GROWING ORIGIN $5.87MChina
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $1.12B in Soil Preparation Machinery, making it the 3rd largest exporter of Soil Preparation Machinery in the world. At the same year, Soil Preparation Machinery was the 139th most exported product in Italy. The main destination of Soil Preparation Machinery exports from Italy are: France ($214M), Germany ($142M), United States ($116M), Austria ($60.5M), and Poland ($43M).

The fastest growing export markets for Soil Preparation Machinery of Italy between 2021 and 2022 were United States ($21.3M), Russia ($10.3M), and Romania ($10.2M).

Imports In 2022, Italy imported $242M in Soil Preparation Machinery, becoming the 12th largest importer of Soil Preparation Machinery in the world. At the same year, Soil Preparation Machinery was the 400th most imported product in Italy. Italy imports Soil Preparation Machinery primarily from: China ($56M), Germany ($43.8M), France ($22.2M), Netherlands ($15.8M), and Croatia ($14.7M).

The fastest growing import markets in Soil Preparation Machinery for Italy between 2021 and 2022 were China ($5.87M), Netherlands ($3.11M), and Bulgaria ($2.99M).

COMPANIES In 2023, leading companies such as CNH Industrial (148), Kubota (97), and Siemens (2) were at the forefront of shipping Soil Preparation Machinery from Italy to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Italy's Soil Preparation Machinery exports accounted up to €73M and imports accounted up to €12.9M, resulting in a positive trade balance of €60.1M. Between June 2023 and July 2024 the exports of Italy's   Soil Preparation Machinery have decreased by €-10.2M (-12.3%) from €83.2M to €73M, while imports decreased by €-5.64M (-30.5%) from €18.5M to €12.9M.

Destinations In July 2024, Soil Preparation Machinery were exported mostly to France (€13.4M), Germany (€8.97M), United States (€8.25M), Spain (€3.86M), and Austria (€2.68M), and were imported mostly from Germany (€3.2M), China (€2.27M), France (€1.92M), Croatia (€1.11M), and Romania (€813k).

Growth In July 2024, the decrease in Soil Preparation Machinery's year-by-year exports was explained primarily by a decrease in exports to Australia (€-983k or -67.1%), Chile (€-874k or -98%), and United Kingdom (€-677k or -24.4%). In July 2024, the decrease in Soil Preparation Machinery's year-by-year imports was explained primarily by a decrease in imports from China (€-3.25M or -47.2%), Austria (€-271k or -65.1%), and Indonesia (€-185k or -24.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - July 2024)€-10.2M(-12.3%)
IMPORT GROWTH (June 2023 - July 2024)€-5.64M(-30.5%)
MAIN DESTINATION (July 2024)France€13.4M

This section shows Soil Preparation Machinery'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 Soil Preparation Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.12B
IMPORTS (2022)$242M
NET TRADE (2022)$881M

In 2022, Italy exported $1.12B in Soil Preparation Machinery. The main destinations of Italy exports on Soil Preparation Machinery were France ($214M), Germany ($142M), United States ($116M), Austria ($60.5M), and Poland ($43M).

In 2022, Italy imported $242M in Soil Preparation Machinery, mainly from China ($56M), Germany ($43.8M), France ($22.2M), Netherlands ($15.8M), and Croatia ($14.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soil Preparation Machinery EXPORT MARKETS FOR Italy WERE (2021 - 2022):
United States$21.3M (22.5%)
Russia$10.3M (33.2%)
Romania$10.2M (36.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soil Preparation Machinery BY Italy WERE (2021 - 2022):
United Kingdom-$11.2M (-21.5%)
Ukraine-$5.61M (-36.7%)
Japan-$2.72M (-12.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Soil Preparation Machinery were:
Germany $2.11B
China $1.21B
In 2022, Italy's main importing competitors in Soil Preparation Machinery were:
United States $1.7B
Germany $957M
France $950M

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Trade Value of Soil Preparation Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $26.8M
TOP IMPORT POTENTIALGermany+ $12.4M

Soil Preparation Machinery’s highest export potential is United States. With an export gap of $26.8M.   Soil Preparation Machinery’s highest import potential is Germany with an import gap of $12.4M.

See methodology.

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