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2022
Exports $606MWorld Rnk 9 / 199
Flag Rnk 216 / 1217
2022
Destination $39.9M United States
2021 - 2022
FASTEST GROWING MARKET $39.9MUnited States
2022
PRODUCT COMPLEXITY IN Special Pharmaceuticals0.61Rnk 321 / 1025
2022
Imports $455MWorld Rnk 8 / 220
Flag Rnk 253 / 1215
2022
Origin $9.75M Germany
2021 - 2022
FASTEST GROWING ORIGIN $9.75MHungary
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $606M in Special Pharmaceuticals, making it the 9th largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 216th most exported product in Italy. The main destination of Special Pharmaceuticals exports from Italy are: United States ($243M), China ($51.5M), France ($46.9M), Belgium ($37.5M), and Spain ($23.5M).

The fastest growing export markets for Special Pharmaceuticals of Italy between 2021 and 2022 were United States ($39.9M), China ($7.74M), and Turkey ($2.62M).

Imports In 2022, Italy imported $455M in Special Pharmaceuticals, becoming the 8th largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 253rd most imported product in Italy. Italy imports Special Pharmaceuticals primarily from: Germany ($110M), Belgium ($79.5M), Netherlands ($51.2M), France ($48.6M), and Ireland ($32.3M).

The fastest growing import markets in Special Pharmaceuticals for Italy between 2021 and 2022 were Hungary ($9.75M), Czechia ($3.97M), and Switzerland ($3.89M).

COMPANIES In 2023, leading companies such as Stihl (20) were at the forefront of shipping Special Pharmaceuticals from Italy to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Italy's Special Pharmaceuticals exports accounted up to €31.4M and imports accounted up to €35.1M, resulting in a negative trade balance of €3.69M. Between August 2023 and August 2024 the exports of Italy's   Special Pharmaceuticals have decreased by €-4.8M (-13.3%) from €36.2M to €31.4M, while imports decreased by €-242k (-0.68%) from €35.3M to €35.1M.

Destinations In August 2024, Special Pharmaceuticals were exported mostly to United States (€6.72M), China (€5.05M), Spain (€2.71M), Belgium (€2.28M), and South Korea (€1.54M), and were imported mostly from Belgium (€7.22M), Netherlands (€6.57M), Germany (€5.99M), Hungary (€3.51M), and Austria (€2.65M).

Growth In August 2024, the decrease in Special Pharmaceuticals's year-by-year exports was explained primarily by a decrease in exports to United States (€-4.01M or -30%), Slovakia (€-509k or -51.5%), and Indonesia (€-291k or -92.1%). In August 2024, the decrease in Special Pharmaceuticals's year-by-year imports was explained primarily by a decrease in imports from Austria (€-3.15M or -60.2%), Netherlands (€-764k or -8.69%), and Ireland (€-602k or -14.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-4.8M(-13.3%)
IMPORT GROWTH (August 2023 - August 2024)€-242k(-0.68%)
MAIN DESTINATION (August 2024)United States€6.72M

This section shows Special Pharmaceuticals'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 Special Pharmaceuticals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$606M
IMPORTS (2022)$455M
NET TRADE (2022)$150M

In 2022, Italy exported $606M in Special Pharmaceuticals. The main destinations of Italy exports on Special Pharmaceuticals were United States ($243M), China ($51.5M), France ($46.9M), Belgium ($37.5M), and Spain ($23.5M).

In 2022, Italy imported $455M in Special Pharmaceuticals, mainly from Germany ($110M), Belgium ($79.5M), Netherlands ($51.2M), France ($48.6M), and Ireland ($32.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Special Pharmaceuticals EXPORT MARKETS FOR Italy WERE (2021 - 2022):
United States$39.9M (19.7%)
China$7.74M (17.7%)
Turkey$2.62M (147%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Pharmaceuticals BY Italy WERE (2021 - 2022):
France-$8.17M (-14.8%)
Germany-$3.69M (-24.3%)
Belgium-$3.62M (-8.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Special Pharmaceuticals were:
Germany $3.23B
United States $1.77B
Netherlands $1.25B
In 2022, Italy's main importing competitors in Special Pharmaceuticals were:
United States $3.52B
Belgium $1.22B
China $1.01B

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Trade Value of Special Pharmaceuticals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $18.6M
TOP IMPORT POTENTIALGermany+ $19.8M

Special Pharmaceuticals’s highest export potential is China. With an export gap of $18.6M.   Special Pharmaceuticals’s highest import potential is Germany with an import gap of $19.8M.

See methodology.

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