Motor vehicles; parts and accessories (8701 to 8705) in Italy | The Observatory of Economic Complexity

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Exports In 2022, Italy exported $14.8B in Motor vehicles; parts and accessories (8701 to 8705), making it the 8th largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 4th most exported product in Italy. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Italy are: Germany ($3.39B), France ($1.53B), Spain ($1.07B), United Kingdom ($962M), and United States ($823M).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Italy between 2021 and 2022 were Turkey ($72.1M), South Korea ($64.8M), and Mexico ($56.8M).

Imports In 2022, Italy imported $8.51B in Motor vehicles; parts and accessories (8701 to 8705), becoming the 13th largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 9th most imported product in Italy. Italy imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: Germany ($2.36B), China ($790M), Poland ($776M), France ($670M), and Spain ($441M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Italy between 2021 and 2022 were China ($148M), Slovakia ($131M), and Czechia ($123M).

COMPANIES In 2023, leading companies such as ROBERT BOSCH TOOL CORPORATION (3.95k), ROBERT BOSCH LLC (3.57k), and STIHL INCORPORATED (221) were at the forefront of shipping Motor vehicles; parts and accessories (8701 to 8705) from Italy to the United States.

Latest Trends

December 2023

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Overview In December 2023 Italy's Motor vehicles; parts and accessories (8701 to 8705) exports accounted up to €962M and imports accounted up to €676M, resulting in a positive trade balance of €286M. Between December 2022 and December 2023 the exports of Italy's Motor vehicles; parts and accessories (8701 to 8705) have decreased by €-52.7M (-5.2%) from €1.01B to €962M, while imports decreased by €-947k (-0.14%) from €676M to €676M.

Destinations In December 2023, Motor vehicles; parts and accessories (8701 to 8705) were exported mostly to Germany (€192M), France (€118M), Poland (€78.3M), United States (€63M), and United Kingdom (€56.4M), and were imported mostly from Germany (€229M), France (€79.4M), Poland (€59.2M), China (€33.9M), and Spain (€33.4M).

Growth In December 2023, the decrease in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year exports was explained primarily by a decrease in exports to Russia (€-3.98M or -42.5%), China (€-2.14M or -18.6%), and Norway (€-853k or -33.5%). In December 2023, the decrease in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year imports was explained primarily by a decrease in imports from China (€-7.57M or -12.9%), Taiwan (€-3.7M or -33.8%), and Indonesia (€-2.47M or -12.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)€-52.7M(-5.2%)

IMPORT GROWTH (December 2022 - December 2023)€-947k(-0.14%)

MAIN DESTINATION (December 2023)Germany€192M

This section shows Motor vehicles; parts and accessories (8701 to 8705)'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 Motor vehicles; parts and accessories (8701 to 8705) over time.

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