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2022
Exports $150MWorld Rnk 4 / 159
Flag Rnk 490 / 1217
2022
Destination $10.5M Switzerland
2021 - 2022
FASTEST GROWING MARKET $10.5MSwitzerland
2022
PRODUCT COMPLEXITY IN Watch Straps-0.095Rnk 579 / 1025
2022
Imports $52.9MWorld Rnk 9 / 197
Flag Rnk 738 / 1215
2022
Origin $5.95M Switzerland
2021 - 2022
FASTEST GROWING ORIGIN $5.95MChina
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $150M in Watch Straps, making it the 4th largest exporter of Watch Straps in the world. At the same year, Watch Straps was the 490th most exported product in Italy. The main destination of Watch Straps exports from Italy are: Switzerland ($114M), United States ($5.29M), Bulgaria ($4.13M), Spain ($3.16M), and Serbia ($2.86M).

The fastest growing export markets for Watch Straps of Italy between 2021 and 2022 were Switzerland ($10.5M), Bulgaria ($4.1M), and Serbia ($2.72M).

Imports In 2022, Italy imported $52.9M in Watch Straps, becoming the 9th largest importer of Watch Straps in the world. At the same year, Watch Straps was the 738th most imported product in Italy. Italy imports Watch Straps primarily from: Switzerland ($19.4M), China ($10.1M), United Kingdom ($6.18M), France ($4.88M), and Serbia ($4.03M).

The fastest growing import markets in Watch Straps for Italy between 2021 and 2022 were China ($5.95M), United Kingdom ($5.84M), and Serbia ($3.95M).

COMPANIES In 2023, leading companies such as ZF Friedrichshafen (1) were at the forefront of shipping Watch Straps from Italy to the United States.

Latest Trends

March 2024

About

Overview In March 2024 Italy's Watch Straps exports accounted up to €15.2M and imports accounted up to €3.4M, resulting in a positive trade balance of €11.8M. Between March 2023 and March 2024 the exports of Italy's   Watch Straps have decreased by €-1.18M (-7.21%) from €16.4M to €15.2M, while imports decreased by €-546k (-13.8%) from €3.95M to €3.4M.

Destinations In March 2024, Watch Straps were exported mostly to Switzerland (€13M), United States (€531k), Spain (€365k), United Arab Emirates (€288k), and Japan (€261k), and were imported mostly from Switzerland (€2.03M), China (€680k), France (€344k), Netherlands (€168k), and Germany (€87.1k).

Growth In March 2024, the decrease in Watch Straps's year-by-year exports was explained primarily by a decrease in exports to Denmark (€-32.6k or -99%), United States (€-30.2k or -9.38%), and United Kingdom (€-14.5k or -55.5%). In March 2024, the decrease in Watch Straps's year-by-year imports was explained primarily by a decrease in imports from Austria (€-14k or -46.2%), Poland (€-7.89k or -93.9%), and Spain (€-6.53k or -79.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)€-1.18M(-7.21%)
IMPORT GROWTH (March 2023 - March 2024)€-546k(-13.8%)
MAIN DESTINATION (March 2024)Switzerland€13M

This section shows Watch Straps'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 Watch Straps over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$150M
IMPORTS (2022)$52.9M
NET TRADE (2022)$96.6M

In 2022, Italy exported $150M in Watch Straps. The main destinations of Italy exports on Watch Straps were Switzerland ($114M), United States ($5.29M), Bulgaria ($4.13M), Spain ($3.16M), and Serbia ($2.86M).

In 2022, Italy imported $52.9M in Watch Straps, mainly from Switzerland ($19.4M), China ($10.1M), United Kingdom ($6.18M), France ($4.88M), and Serbia ($4.03M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Watch Straps EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Switzerland$10.5M (10.1%)
Bulgaria$4.1M (12.4k%)
Serbia$2.72M (2.02k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Watch Straps BY Italy WERE (2021 - 2022):
Japan-$1.05M (-55.3%)
Poland-$476k (-75.9%)
Vietnam-$199k (-90.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Watch Straps were:
China $932M
France $342M
Switzerland $337M
In 2022, Italy's main importing competitors in Watch Straps were:
Switzerland $677M
Hong Kong $296M
China $146M

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Trade Value of Watch Straps by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $2.93M
TOP IMPORT POTENTIALChina+ $3.89M

Watch Straps’s highest export potential is France. With an export gap of $2.93M.   Watch Straps’s highest import potential is China with an import gap of $3.89M.

See methodology.

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