Ball Bearings in Italy | The Observatory of Economic Complexity

About

Exports In 2022, Italy exported $1.49B in Ball Bearings, making it the 6th largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 110th most exported product in Italy. The main destination of Ball Bearings exports from Italy are: Germany ($356M), France ($207M), United States ($120M), Belgium ($80.3M), and China ($75.2M).

The fastest growing export markets for Ball Bearings of Italy between 2021 and 2022 were Turkey ($9.35M), United States ($6.27M), and Malaysia ($5.4M).

Imports In 2022, Italy imported $1.44B in Ball Bearings, becoming the 5th largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 91st most imported product in Italy. Italy imports Ball Bearings primarily from: Germany ($360M), China ($357M), France ($185M), Netherlands ($117M), and Bulgaria ($78.2M).

The fastest growing import markets in Ball Bearings for Italy between 2021 and 2022 were China ($35.2M), Germany ($14M), and Thailand ($6.27M).

COMPANIES In 2023, leading companies such as ROBERT BOSCH TOOL CORPORATION (67) and THE DOW CHEMICAL COMPANY (26) were at the forefront of shipping Ball Bearings from Italy to the United States.

Latest Trends

December 2023

About

Overview In December 2023 Italy's Ball Bearings exports accounted up to €83.6M and imports accounted up to €71M, resulting in a positive trade balance of €12.6M. Between December 2022 and December 2023 the exports of Italy's Ball Bearings have decreased by €-12.7M (-13.2%) from €96.3M to €83.6M, while imports decreased by €-16.3M (-18.7%) from €87.4M to €71M.

Destinations In December 2023, Ball Bearings were exported mostly to Germany (€19.5M), United States (€8.93M), France (€7.67M), Belgium (€5.79M), and China (€5.4M), and were imported mostly from Germany (€18.3M), France (€14.7M), China (€13M), Netherlands (€6.21M), and Belgium (€2.81M).

Growth In December 2023, the decrease in Ball Bearings's year-by-year exports was explained primarily by a decrease in exports to Belgium (€-1.23M or -15.6%), Malaysia (€-1.16M or -71.3%), and Spain (€-672k or -10.6%). In December 2023, the decrease in Ball Bearings's year-by-year imports was explained primarily by a decrease in imports from China (€-7.04M or -24%), Bulgaria (€-5.69M or -92.7%), and Taiwan (€-4.07M or -76.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)€-12.7M(-13.2%)

IMPORT GROWTH (December 2022 - December 2023)€-16.3M(-18.7%)

MAIN DESTINATION (December 2023)Germany€19.5M

This section shows Ball Bearings'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 Ball Bearings over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.49B

IMPORTS (2022)$1.44B

NET TRADE (2022)$44.4M

In 2022, Italy exported $1.49B in Ball Bearings. The main destinations of Italy exports on Ball Bearings were Germany ($356M), France ($207M), United States ($120M), Belgium ($80.3M), and China ($75.2M).

In 2022, Italy imported $1.44B in Ball Bearings, mainly from Germany ($360M), China ($357M), France ($185M), Netherlands ($117M), and Bulgaria ($78.2M).

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