Metal Lathes in Italy | The Observatory of Economic Complexity

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Exports In 2022, Italy exported $340M in Metal Lathes, making it the 7th largest exporter of Metal Lathes in the world. At the same year, Metal Lathes was the 314th most exported product in Italy. The main destination of Metal Lathes exports from Italy are: Germany ($77.9M), United States ($52M), China ($40.5M), France ($23.2M), and Turkey ($17M).

The fastest growing export markets for Metal Lathes of Italy between 2021 and 2022 were Germany ($16.4M), Mexico ($8.9M), and United States ($8.33M).

Imports In 2022, Italy imported $456M in Metal Lathes, becoming the 4th largest importer of Metal Lathes in the world. At the same year, Metal Lathes was the 251st most imported product in Italy. Italy imports Metal Lathes primarily from: South Korea ($96.4M), Japan ($84.7M), Germany ($71.6M), Belgium ($41.4M), and Chinese Taipei ($31.5M).

The fastest growing import markets in Metal Lathes for Italy between 2021 and 2022 were Chinese Taipei ($19.3M), Japan ($16.4M), and Belgium ($9.81M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Metal Lathes from Italy to the United States.

Latest Trends

December 2023

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Overview In December 2023 Italy's Metal Lathes exports accounted up to €32.7M and imports accounted up to €28.9M, resulting in a positive trade balance of €3.81M. Between December 2022 and December 2023 the exports of Italy's Metal Lathes have increased by €979k (3.08%) from €31.7M to €32.7M, while imports decreased by €-3.88M (-11.8%) from €32.8M to €28.9M.

Destinations In December 2023, Metal Lathes were exported mostly to China (€7.63M), Germany (€6.3M), Indonesia (€2.87M), United States (€2.41M), and Austria (€2.38M), and were imported mostly from Germany (€7.9M), South Korea (€6.77M), Belgium (€4.73M), Japan (€4.07M), and Spain (€1.21M).

Growth In December 2023, the increase in Metal Lathes's year-by-year exports was explained primarily by an increase in exports to France (€7.54M or 515%), Turkey (€2.3M or 764%), and Switzerland (€715k or 384%). In December 2023, the decrease in Metal Lathes's year-by-year imports was explained primarily by a decrease in imports from South Korea (€-7.78M or -60.6%), Japan (€-1.86M or -24.4%), and Netherlands (€-1.83M or -41.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)€979k(3.08%)

IMPORT GROWTH (December 2022 - December 2023)€-3.88M(-11.8%)

MAIN DESTINATION (December 2023)China€7.63M

This section shows Metal Lathes'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 Metal Lathes over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$340M

IMPORTS (2022)$456M

NET TRADE (2022)-$116M

In 2022, Italy exported $340M in Metal Lathes. The main destinations of Italy exports on Metal Lathes were Germany ($77.9M), United States ($52M), China ($40.5M), France ($23.2M), and Turkey ($17M).

In 2022, Italy imported $456M in Metal Lathes, mainly from South Korea ($96.4M), Japan ($84.7M), Germany ($71.6M), Belgium ($41.4M), and Chinese Taipei ($31.5M).

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