Special Pharmaceuticals in Italy | The Observatory of Economic Complexity

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Exports In 2022, Italy exported $606M in Special Pharmaceuticals, making it the 9th largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 216th most exported product in Italy. The main destination of Special Pharmaceuticals exports from Italy are: United States ($243M), China ($51.5M), France ($46.9M), Belgium ($37.5M), and Spain ($23.5M).

The fastest growing export markets for Special Pharmaceuticals of Italy between 2021 and 2022 were United States ($39.9M), China ($7.74M), and Turkey ($2.62M).

Imports In 2022, Italy imported $455M in Special Pharmaceuticals, becoming the 8th largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 253rd most imported product in Italy. Italy imports Special Pharmaceuticals primarily from: Germany ($110M), Belgium ($79.5M), Netherlands ($51.2M), France ($48.6M), and Ireland ($32.3M).

The fastest growing import markets in Special Pharmaceuticals for Italy between 2021 and 2022 were Hungary ($9.75M), Czechia ($3.97M), and Switzerland ($3.89M).

COMPANIES In 2023, leading companies such as STIHL INCORPORATED (260) were at the forefront of shipping Special Pharmaceuticals from Italy to the United States.

Latest Trends

December 2023

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Overview In December 2023 Italy's Special Pharmaceuticals exports accounted up to €39M and imports accounted up to €35.9M, resulting in a positive trade balance of €3.13M. Between December 2022 and December 2023 the exports of Italy's Special Pharmaceuticals have decreased by €-5.27M (-11.9%) from €44.3M to €39M, while imports increased by €681k (1.94%) from €35.2M to €35.9M.

Destinations In December 2023, Special Pharmaceuticals were exported mostly to United States (€8.54M), China (€4.32M), Belgium (€3.41M), South Korea (€2.75M), and Mexico (€1.69M), and were imported mostly from Belgium (€10.2M), Germany (€7.56M), Netherlands (€6.45M), Hungary (€2.31M), and France (€2.02M).

Growth In December 2023, the decrease in Special Pharmaceuticals's year-by-year exports was explained primarily by a decrease in exports to United States (€-4.01M or -30%), Slovakia (€-509k or -51.5%), and Indonesia (€-291k or -92.1%). In December 2023, the increase in Special Pharmaceuticals's year-by-year imports was explained primarily by an increase in imports from Belgium (€3.79M or 58.5%), Spain (€1.09M or 98.8%), and Germany (€1.06M or 11.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)€-5.27M(-11.9%)

IMPORT GROWTH (December 2022 - December 2023)€681k(1.94%)

MAIN DESTINATION (December 2023)United States€8.54M

This section shows Special Pharmaceuticals'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 Special Pharmaceuticals over time.

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