Drilling Machines in Italy | The Observatory of Economic Complexity

About

Exports In 2022, Italy exported $319M in Drilling Machines, making it the 3rd largest exporter of Drilling Machines in the world. At the same year, Drilling Machines was the 323rd most exported product in Italy. The main destination of Drilling Machines exports from Italy are: United States ($68.4M), China ($35.9M), Germany ($28.2M), Canada ($24.6M), and France ($17.2M).

The fastest growing export markets for Drilling Machines of Italy between 2021 and 2022 were United States ($16.1M), Canada ($10.3M), and Indonesia ($10.1M).

Imports In 2022, Italy imported $140M in Drilling Machines, becoming the 4th largest importer of Drilling Machines in the world. At the same year, Drilling Machines was the 514th most imported product in Italy. Italy imports Drilling Machines primarily from: Spain ($60.2M), Germany ($29.4M), Chinese Taipei ($13.5M), China ($8.85M), and Switzerland ($5.22M).

The fastest growing import markets in Drilling Machines for Italy between 2021 and 2022 were Spain ($23.1M), Germany ($8.79M), and Chinese Taipei ($5.62M).

COMPANIES In 2023, leading companies such as CNH INDUSTRIAL AMERICA LLC (2) and STIHL INCORPORATED (1) were at the forefront of shipping Drilling Machines from Italy to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Italy's Drilling Machines exports accounted up to €23.4M and imports accounted up to €3.24M, resulting in a positive trade balance of €20.2M. Between January 2023 and January 2024 the exports of Italy's Drilling Machines have decreased by €-4.07M (-14.8%) from €27.5M to €23.4M, while imports decreased by €-1.38M (-29.8%) from €4.61M to €3.24M.

Destinations In January 2024, Drilling Machines were exported mostly to United States (€12.9M), Serbia (€2.25M), Mexico (€2.05M), Turkey (€1.01M), and Brazil (€925k), and were imported mostly from Germany (€1.45M), Spain (€1.23M), China (€455k), Belgium (€56.5k), and France (€15k).

Growth In January 2024, the decrease in Drilling Machines's year-by-year exports was explained primarily by a decrease in exports to Mexico (€-347k or -74%), Poland (€-322k or -67.3%), and Austria (€-57.6k or -45%). In January 2024, the decrease in Drilling Machines's year-by-year imports was explained primarily by a decrease in imports from Spain (€-1.65M or -61.4%), Chinese Taipei (€-783k or -62.5%), and China (€-489k or -60.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€-4.07M(-14.8%)

IMPORT GROWTH (January 2023 - January 2024)€-1.38M(-29.8%)

MAIN DESTINATION (January 2024)United States€12.9M

This section shows Drilling Machines'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 Drilling Machines over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$319M

IMPORTS (2022)$140M

NET TRADE (2022)$180M

In 2022, Italy exported $319M in Drilling Machines. The main destinations of Italy exports on Drilling Machines were United States ($68.4M), China ($35.9M), Germany ($28.2M), Canada ($24.6M), and France ($17.2M).

In 2022, Italy imported $140M in Drilling Machines, mainly from Spain ($60.2M), Germany ($29.4M), Chinese Taipei ($13.5M), China ($8.85M), and Switzerland ($5.22M).

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