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2022
Exports $149MWorld Rnk 5 / 133
Flag Rnk 491 / 1217
2022
Destination $5.77M United States
2021 - 2022
FASTEST GROWING MARKET $5.77MUnited States
2022
PRODUCT COMPLEXITY IN Weapons Parts and Accessories0.47Rnk 374 / 1025
2022
Imports $42.5MWorld Rnk 16 / 186
Flag Rnk 777 / 1215
2022
Origin $4.81M Germany
2021 - 2022
FASTEST GROWING ORIGIN $4.81MGermany
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $149M in Weapons Parts and Accessories, making it the 5th largest exporter of Weapons Parts and Accessories in the world. At the same year, Weapons Parts and Accessories was the 491st most exported product in Italy. The main destination of Weapons Parts and Accessories exports from Italy are: United States ($71.8M), Turkey ($10.5M), Germany ($9.77M), Kuwait ($6.57M), and Portugal ($5.12M).

The fastest growing export markets for Weapons Parts and Accessories of Italy between 2021 and 2022 were United States ($5.77M), Kuwait ($3.75M), and Brazil ($1.47M).

Imports In 2022, Italy imported $42.5M in Weapons Parts and Accessories, becoming the 16th largest importer of Weapons Parts and Accessories in the world. At the same year, Weapons Parts and Accessories was the 777th most imported product in Italy. Italy imports Weapons Parts and Accessories primarily from: Germany ($10.9M), Turkey ($9.23M), United States ($8.16M), Spain ($5.46M), and India ($1.96M).

The fastest growing import markets in Weapons Parts and Accessories for Italy between 2021 and 2022 were Germany ($4.81M), United States ($4.51M), and Spain ($2.3M).

Latest Trends

August 2024

About

Overview In August 2024 Italy's Weapons Parts and Accessories exports accounted up to €3.99M and imports accounted up to €431k, resulting in a positive trade balance of €3.56M. Between August 2023 and August 2024 the exports of Italy's   Weapons Parts and Accessories have decreased by €-1.46M (-26.8%) from €5.45M to €3.99M, while imports increased by €57k (15.3%) from €374k to €431k.

Destinations In August 2024, Weapons Parts and Accessories were exported mostly to United States (€2.76M), Germany (€313k), Turkey (€280k), United Kingdom (€203k), and Canada (€122k), and were imported mostly from Turkey (€226k), Germany (€157k), China (€32.3k), Spain (€11.4k), and France (€3.41k).

Growth In August 2024, the decrease in Weapons Parts and Accessories's year-by-year exports was explained primarily by a decrease in exports to Czechia (€-205k or -69.3%), United Kingdom (€-170k or -34.1%), and Turkey (€-97.4k or -16.4%). In August 2024, the increase in Weapons Parts and Accessories's year-by-year imports was explained primarily by an increase in imports from Turkey (€588k or 92.9%), China (€334k or 3.92k%), and Spain (€32.6k or 23.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-1.46M(-26.8%)
IMPORT GROWTH (August 2023 - August 2024)€57k(15.3%)
MAIN DESTINATION (August 2024)United States€2.76M

This section shows Weapons Parts and Accessories'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 Weapons Parts and Accessories over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$149M
IMPORTS (2022)$42.5M
NET TRADE (2022)$107M

In 2022, Italy exported $149M in Weapons Parts and Accessories. The main destinations of Italy exports on Weapons Parts and Accessories were United States ($71.8M), Turkey ($10.5M), Germany ($9.77M), Kuwait ($6.57M), and Portugal ($5.12M).

In 2022, Italy imported $42.5M in Weapons Parts and Accessories, mainly from Germany ($10.9M), Turkey ($9.23M), United States ($8.16M), Spain ($5.46M), and India ($1.96M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Weapons Parts and Accessories EXPORT MARKETS FOR Italy WERE (2021 - 2022):
United States$5.77M (8.74%)
Kuwait$3.75M (133%)
Brazil$1.47M (45.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Weapons Parts and Accessories BY Italy WERE (2021 - 2022):
Indonesia-$4.9M (-80.2%)
United Kingdom-$1.79M (-27.3%)
Israel-$1.14M (-22.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Weapons Parts and Accessories were:
United States $482M
France $353M
Germany $153M
In 2022, Italy's main importing competitors in Weapons Parts and Accessories were:
United States $868M
Niger $340M
Germany $108M

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Trade Value of Weapons Parts and Accessories by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $2.24M
TOP IMPORT POTENTIALAustria+ $1.48M

Weapons Parts and Accessories’s highest export potential is Germany. With an export gap of $2.24M.   Weapons Parts and Accessories’s highest import potential is Austria with an import gap of $1.48M.

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