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2018
Exports $823MWorld Rnk 10 / 207
Flag Rnk 166 / 1216
2018
Destination $14.1M France
2022 - 2023
FASTEST GROWING MARKET $14.1MCanada
2023
PRODUCT COMPLEXITY IN Thermostats1.17Rnk 113 / 1025
2018
Imports $850MWorld Rnk 15 / 223
Flag Rnk 151 / 1213
2018
Origin $41.4M Germany
2022 - 2023
FASTEST GROWING ORIGIN $41.4MGermany
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2018, Italy exported $823M in Thermostats, making it the 10th largest exporter of Thermostats in the world. At the same year, Thermostats was the 166th most exported product in Italy. The main destination of Thermostats exports from Italy are: France ($78.2M), Germany ($64.3M), Turkey ($47.5M), United States ($47.4M), and China ($42.7M).

The fastest growing export markets for Thermostats of Italy between 2022 and 2023 were Canada ($14.1M), Turkey ($5.29M), and Denmark ($4.78M).

Imports In 2023, Italy imported $850M in Thermostats, becoming the 15th largest importer of Thermostats in the world. At the same year, Thermostats was the 151st most imported product in Italy. Italy imports Thermostats primarily from: Germany ($251M), France ($91.2M), China ($80.9M), United Kingdom ($42.6M), and United States ($42.5M).

The fastest growing import markets in Thermostats for Italy between 2022 and 2023 were Germany ($41.4M), Austria ($15.6M), and France ($9.72M).

COMPANIES In 2023, leading companies such as Danfoss (7) were at the forefront of shipping Thermostats from Italy to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Italy's Thermostats exports accounted up to €50.2M and imports accounted up to €54.4M, resulting in a negative trade balance of €4.23M. Between November 2023 and November 2024 the exports of Italy's   Thermostats have decreased by €-80.8M (-61.7%) from €131M to €50.2M, while imports decreased by €-7.51M (-12.1%) from €61.9M to €54.4M.

Destinations In November 2024, Thermostats were exported mostly to United States (€6.54M), France (€6.29M), Germany (€4.72M), Turkey (€3.86M), and Spain (€3.57M), and were imported mostly from Germany (€15.2M), France (€5.3M), China (€5.18M), Unclassified (€4.52M), and United States (€2.78M).

Growth In November 2024, the decrease in Thermostats's year-by-year exports was explained primarily by a decrease in exports to Spain (€-105k or -2.95%), Netherlands (€-98.9k or -10.9%), and Hong Kong (€-34.2k or -22.7%). In November 2024, the decrease in Thermostats's year-by-year imports was explained primarily by a decrease in imports from Germany (€-2.67M or -12.4%), China (€-1.48M or -18.3%), and Belgium (€-487k or -37.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€-80.8M(-61.7%)
IMPORT GROWTH (November 2023 - November 2024)€-7.51M(-12.1%)
MAIN DESTINATION (November 2024)United States€6.54M

This section shows Thermostats'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 Thermostats over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$823M
IMPORTS (2023)$850M
NET TRADE (2023)-$27.4M

In 2023, Italy exported $823M in Thermostats. The main destinations of Italy exports on Thermostats were France ($78.2M), Germany ($64.3M), Turkey ($47.5M), United States ($47.4M), and China ($42.7M).

In 2023, Italy imported $850M in Thermostats, mainly from Germany ($251M), France ($91.2M), China ($80.9M), United Kingdom ($42.6M), and United States ($42.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Thermostats EXPORT MARKETS FOR Italy WERE (2022 - 2023):
Canada$14.1M (257%)
Turkey$5.29M (12.5%)
Denmark$4.78M (79.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Thermostats BY Italy WERE (2022 - 2023):
United States-$14.1M (-22.9%)
Angola-$12.8M (-79.9%)
Germany-$7.16M (-10%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Thermostats were:
China $5.12B
Germany $4.8B
United States $4.21B
In 2023, Italy's main importing competitors in Thermostats were:
United States $4.89B
China $3.54B
Germany $3.04B

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Trade Value of Thermostats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $40.1M
TOP IMPORT POTENTIALChina+ $40.6M

Thermostats’s highest export potential is United States. With an export gap of $40.1M.   Thermostats’s highest import potential is China with an import gap of $40.6M.

See methodology.

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