2023
Exports
$9.18BWorld Rnk 10 / 208
Flag Rnk 7 / 1216
2023
PRODUCT COMPLEXITY IN Vaccines, blood, antisera, toxins and cultures
1.25Rnk 89 / 1025
2023
Imports
$11BWorld Rnk 9 / 222
Flag Rnk 6 / 1213
2023
ECONOMIC COMPLEXITY of Italy
1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $9.18B in Vaccines, blood, antisera, toxins and cultures, making it the 10th largest exporter of Vaccines, blood, antisera, toxins and cultures in the world. At the same year, Vaccines, blood, antisera, toxins and cultures was the 7th most exported product in Italy. The main destination of Vaccines, blood, antisera, toxins and cultures exports from Italy are: United States ($2.23B), Netherlands ($1.52B), Germany ($752M), Poland ($680M), and Belgium ($655M).

The fastest growing export markets for Vaccines, blood, antisera, toxins and cultures of Italy between 2022 and 2023 were United States ($761M), Netherlands ($466M), and Austria ($120M).

Imports In 2023, Italy imported $11B in Vaccines, blood, antisera, toxins and cultures, becoming the 9th largest importer of Vaccines, blood, antisera, toxins and cultures in the world. At the same year, Vaccines, blood, antisera, toxins and cultures was the 6th most imported product in Italy. Italy imports Vaccines, blood, antisera, toxins and cultures primarily from: Germany ($2.48B), Belgium ($2.13B), Netherlands ($1.47B), United States ($1.09B), and South Korea ($810M).

The fastest growing import markets in Vaccines, blood, antisera, toxins and cultures for Italy between 2022 and 2023 were Switzerland ($183M), Ireland ($178M), and Netherlands ($147M).

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€260M(23.2%)
IMPORT GROWTH (November 2023 - November 2024)€-251M(-18.9%)
MAIN DESTINATION (November 2024)United States€667M

This section shows Vaccines, blood, antisera, toxins and cultures'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 Vaccines, blood, antisera, toxins and cultures over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$9.18B
IMPORTS (2023)$11B
NET TRADE (2023)-$1.8B

In 2023, Italy exported $9.18B in Vaccines, blood, antisera, toxins and cultures. The main destinations of Italy exports on Vaccines, blood, antisera, toxins and cultures were United States ($2.23B), Netherlands ($1.52B), Germany ($752M), Poland ($680M), and Belgium ($655M).

In 2023, Italy imported $11B in Vaccines, blood, antisera, toxins and cultures, mainly from Germany ($2.48B), Belgium ($2.13B), Netherlands ($1.47B), United States ($1.09B), and South Korea ($810M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Vaccines, blood, antisera, toxins and cultures EXPORT MARKETS FOR Italy WERE (2022 - 2023):
United States$761M (51.9%)
Netherlands$466M (44.5%)
Austria$120M (28.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vaccines, blood, antisera, toxins and cultures BY Italy WERE (2022 - 2023):
Germany-$890M (-54.2%)
Japan-$553M (-76.2%)
Australia-$321M (-72.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Vaccines, blood, antisera, toxins and cultures were:
In 2023, Italy's main importing competitors in Vaccines, blood, antisera, toxins and cultures were:

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Trade Value of Vaccines, blood, antisera, toxins and cultures by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $498M
TOP IMPORT POTENTIALSwitzerland+ $597M

Vaccines, blood, antisera, toxins and cultures’s highest export potential is United States. With an export gap of $498M.   Vaccines, blood, antisera, toxins and cultures’s highest import potential is Switzerland with an import gap of $597M.

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