2023
Exports
$21.1MWorld Rnk 9 / 187
Flag Rnk 862 / 1216
2023
PRODUCT COMPLEXITY IN Tool Sets
1.14Rnk 126 / 1025
2023
Imports
$23.8MWorld Rnk 12 / 219
Flag Rnk 878 / 1213
2023
ECONOMIC COMPLEXITY of Italy
1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $21.1M in Tool Sets, making it the 9th largest exporter of Tool Sets in the world. At the same year, Tool Sets was the 862nd most exported product in Italy. The main destination of Tool Sets exports from Italy are: France ($6.75M), Spain ($1.74M), Netherlands ($1.48M), Germany ($1.35M), and Sweden ($771k).

The fastest growing export markets for Tool Sets of Italy between 2022 and 2023 were Netherlands ($295k), Spain ($219k), and United Arab Emirates ($199k).

Imports In 2023, Italy imported $23.8M in Tool Sets, becoming the 12th largest importer of Tool Sets in the world. At the same year, Tool Sets was the 878th most imported product in Italy. Italy imports Tool Sets primarily from: Germany ($7.78M), China ($4.41M), Spain ($2.2M), Belgium ($1.9M), and France ($1.26M).

The fastest growing import markets in Tool Sets for Italy between 2022 and 2023 were United States ($691k), Belgium ($619k), and Turkey ($480k).

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€923k(74.4%)
IMPORT GROWTH (November 2023 - November 2024)€45.7k(2.03%)
MAIN DESTINATION (November 2024)France€849k

This section shows Tool Sets'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 Tool Sets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$21.1M
IMPORTS (2023)$23.8M
NET TRADE (2023)-$2.65M

In 2023, Italy exported $21.1M in Tool Sets. The main destinations of Italy exports on Tool Sets were France ($6.75M), Spain ($1.74M), Netherlands ($1.48M), Germany ($1.35M), and Sweden ($771k).

In 2023, Italy imported $23.8M in Tool Sets, mainly from Germany ($7.78M), China ($4.41M), Spain ($2.2M), Belgium ($1.9M), and France ($1.26M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tool Sets EXPORT MARKETS FOR Italy WERE (2022 - 2023):
Netherlands$295k (24.9%)
Spain$219k (14.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Sets BY Italy WERE (2022 - 2023):
France-$1.08M (-13.8%)
Romania-$524k (-48.2%)
Hungary-$343k (-46.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Tool Sets were:
In 2023, Italy's main importing competitors in Tool Sets were:

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Trade Value of Tool Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $683k
TOP IMPORT POTENTIALChina+ $2.32M

Tool Sets’s highest export potential is France. With an export gap of $683k.   Tool Sets’s highest import potential is China with an import gap of $2.32M.

See methodology.

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