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2022
Exports $276MWorld Rnk 5 / 91
Flag Rnk 353 / 1217
2022
Destination $2.7M Germany
2021 - 2022
FASTEST GROWING MARKET $2.7MFrance
2022
PRODUCT COMPLEXITY IN Steel Bars0.58Rnk 331 / 1025
2022
Imports $376MWorld Rnk 4 / 169
Flag Rnk 295 / 1215
2022
Origin $11.6M Germany
2021 - 2022
FASTEST GROWING ORIGIN $11.6MCzechia
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $276M in Steel Bars, making it the 5th largest exporter of Steel Bars in the world. At the same year, Steel Bars was the 353rd most exported product in Italy. The main destination of Steel Bars exports from Italy are: Germany ($89M), Czechia ($28.9M), France ($28.1M), Poland ($26.1M), and Slovakia ($23.7M).

The fastest growing export markets for Steel Bars of Italy between 2021 and 2022 were France ($2.7M), Algeria ($2.55M), and Poland ($1.66M).

Imports In 2022, Italy imported $376M in Steel Bars, becoming the 4th largest importer of Steel Bars in the world. At the same year, Steel Bars was the 295th most imported product in Italy. Italy imports Steel Bars primarily from: Germany ($140M), Austria ($57.5M), Czechia ($47M), France ($30.5M), and Switzerland ($26.2M).

The fastest growing import markets in Steel Bars for Italy between 2021 and 2022 were Czechia ($11.6M), Turkey ($9.23M), and Brazil ($5.04M).

Latest Trends

March 2024

About

Overview In March 2024 Italy's Steel Bars exports accounted up to €21.4M and imports accounted up to €21.9M, resulting in a negative trade balance of €495k. Between March 2023 and March 2024 the exports of Italy's   Steel Bars have decreased by €-5.23M (-19.6%) from €26.6M to €21.4M, while imports decreased by €-7.01M (-24.2%) from €28.9M to €21.9M.

Destinations In March 2024, Steel Bars were exported mostly to Germany (€6.85M), Poland (€2.21M), France (€2.2M), Slovakia (€1.91M), and Spain (€1.34M), and were imported mostly from Germany (€9.65M), Austria (€3.47M), Switzerland (€1.77M), France (€1.65M), and Spain (€1.38M).

Growth In March 2024, the decrease in Steel Bars's year-by-year exports was explained primarily by a decrease in exports to Turkey (€-1.33M or -77%), Germany (€-582k or -8.76%), and Slovakia (€-465k or -29.8%). In March 2024, the decrease in Steel Bars's year-by-year imports was explained primarily by a decrease in imports from Brazil (€-1.22M or -86.4%), Germany (€-1.09M or -9.78%), and Poland (€-895k or -50.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)€-5.23M(-19.6%)
IMPORT GROWTH (March 2023 - March 2024)€-7.01M(-24.2%)
MAIN DESTINATION (March 2024)Germany€6.85M

This section shows Steel Bars'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 Steel Bars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$276M
IMPORTS (2022)$376M
NET TRADE (2022)-$100M

In 2022, Italy exported $276M in Steel Bars. The main destinations of Italy exports on Steel Bars were Germany ($89M), Czechia ($28.9M), France ($28.1M), Poland ($26.1M), and Slovakia ($23.7M).

In 2022, Italy imported $376M in Steel Bars, mainly from Germany ($140M), Austria ($57.5M), Czechia ($47M), France ($30.5M), and Switzerland ($26.2M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Steel Bars EXPORT MARKETS FOR Italy WERE (2021 - 2022):
France$2.7M (10.6%)
Algeria$2.55M (181%)
Poland$1.66M (6.78%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steel Bars BY Italy WERE (2021 - 2022):
Czechia-$6.94M (-19.4%)
Germany-$5.22M (-5.54%)
Turkey-$3.74M (-26.5%)
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Change in Exports by Market (undefined - undefined)

Market Concentration

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Flow
Type
In 2022, Italy's main exporting competitors in Steel Bars were:
China $915M
Japan $657M
Germany $601M
In 2022, Italy's main importing competitors in Steel Bars were:
United States $602M
Germany $427M
Thailand $392M

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Trade Value of Steel Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $7.03M
TOP IMPORT POTENTIALJapan+ $4.86M

Steel Bars’s highest export potential is France. With an export gap of $7.03M.   Steel Bars’s highest import potential is Japan with an import gap of $4.86M.

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