Machinery Having Individual Functions in Italy | The Observatory of Economic Complexity

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Exports In 2022, Italy exported $6B in Machinery Having Individual Functions, making it the 9th largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 13th most exported product in Italy. The main destination of Machinery Having Individual Functions exports from Italy are: United States ($825M), Germany ($516M), France ($395M), China ($342M), and Spain ($243M).

The fastest growing export markets for Machinery Having Individual Functions of Italy between 2021 and 2022 were United States ($81M), China ($67.4M), and Mexico ($37.4M).

Imports In 2022, Italy imported $2.62B in Machinery Having Individual Functions, becoming the 15th largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 41st most imported product in Italy. Italy imports Machinery Having Individual Functions primarily from: Germany ($826M), France ($355M), United States ($195M), China ($181M), and Netherlands ($174M).

The fastest growing import markets in Machinery Having Individual Functions for Italy between 2021 and 2022 were France ($256M), United States ($74M), and Netherlands ($68.3M).

COMPANIES In 2023, leading companies such as ROBERT BOSCH TOOL CORPORATION (67), ELECTROLUX HOME PRODUCTS, INC. (28), and THE DOW CHEMICAL COMPANY (26) were at the forefront of shipping Machinery Having Individual Functions from Italy to the United States.

Latest Trends

December 2023

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Overview In December 2023 Italy's Machinery Having Individual Functions exports accounted up to €529M and imports accounted up to €191M, resulting in a positive trade balance of €339M. Between December 2022 and December 2023 the exports of Italy's Machinery Having Individual Functions have decreased by €-44.1M (-7.68%) from €573M to €529M, while imports increased by €11.2M (6.26%) from €179M to €191M.

Destinations In December 2023, Machinery Having Individual Functions were exported mostly to United States (€73.2M), Germany (€42.7M), Turkey (€29.8M), France (€29.3M), and China (€28.1M), and were imported mostly from Germany (€74.2M), France (€28.5M), Austria (€12.6M), United States (€10.2M), and China (€8.66M).

Growth In December 2023, the decrease in Machinery Having Individual Functions's year-by-year exports was explained primarily by a decrease in exports to Russia (€-10.9M or -79.2%), Slovakia (€-6.16M or -86.4%), and France (€-4.62M or -17.3%). In December 2023, the increase in Machinery Having Individual Functions's year-by-year imports was explained primarily by an increase in imports from Germany (€7.57M or 17.4%), United Kingdom (€5.62M or 600%), and Sweden (€4.82M or 216%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)€-44.1M(-7.68%)

IMPORT GROWTH (December 2022 - December 2023)€11.2M(6.26%)

MAIN DESTINATION (December 2023)United States€73.2M

This section shows Machinery Having Individual Functions'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 Machinery Having Individual Functions over time.

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