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Pricing

2022
Exports $629MWorld Rnk 7 / 209
Flag Rnk 211 / 1217
2022
Destination $3.01M Germany
2021 - 2022
FASTEST GROWING MARKET $3.01MJapan
2022
PRODUCT COMPLEXITY IN Electrical Ignitions0.62Rnk 310 / 1025
2022
Imports $562MWorld Rnk 8 / 223
Flag Rnk 214 / 1215
2022
Origin $6.35M Germany
2021 - 2022
FASTEST GROWING ORIGIN $6.35MAustralia
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $629M in Electrical Ignitions, making it the 7th largest exporter of Electrical Ignitions in the world. At the same year, Electrical Ignitions was the 211th most exported product in Italy. The main destination of Electrical Ignitions exports from Italy are: Germany ($166M), France ($63.7M), Spain ($55.4M), Turkey ($37.3M), and United States ($34.4M).

The fastest growing export markets for Electrical Ignitions of Italy between 2021 and 2022 were Japan ($3.01M), Mexico ($2.76M), and Thailand ($2.14M).

Imports In 2022, Italy imported $562M in Electrical Ignitions, becoming the 8th largest importer of Electrical Ignitions in the world. At the same year, Electrical Ignitions was the 214th most imported product in Italy. Italy imports Electrical Ignitions primarily from: Germany ($105M), China ($73.3M), Turkey ($51.4M), France ($46.3M), and Hungary ($40.8M).

The fastest growing import markets in Electrical Ignitions for Italy between 2021 and 2022 were Australia ($6.35M), Spain ($5.32M), and South Korea ($4.1M).

COMPANIES In 2023, leading companies such as Stihl (64), ZF Friedrichshafen (3), and ABB Motors and Mechanical (1) were at the forefront of shipping Electrical Ignitions from Italy to the United States.

Latest Trends

March 2024

About

Overview In March 2024 Italy's Electrical Ignitions exports accounted up to €47.8M and imports accounted up to €77.8M, resulting in a negative trade balance of €30.1M. Between March 2023 and March 2024 the exports of Italy's   Electrical Ignitions have decreased by €-5.97M (-11.1%) from €53.7M to €47.8M, while imports increased by €35.8M (85.1%) from €42M to €77.8M.

Destinations In March 2024, Electrical Ignitions were exported mostly to Germany (€11.5M), France (€4.66M), United States (€4.48M), Spain (€3.91M), and Poland (€3.4M), and were imported mostly from Germany (€41.9M), China (€6.14M), Turkey (€5.22M), France (€3.65M), and Netherlands (€3.12M).

Growth In March 2024, the decrease in Electrical Ignitions's year-by-year exports was explained primarily by a decrease in exports to Russia (€-1.83M or -99.7%), France (€-712k or -12%), and Romania (€-543k or -44.1%). In March 2024, the increase in Electrical Ignitions's year-by-year imports was explained primarily by an increase in imports from Germany (€1.99M or 25.5%), United States (€925k or 143%), and Turkey (€681k or 13.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)€-5.97M(-11.1%)
IMPORT GROWTH (March 2023 - March 2024)€35.8M(85.1%)
MAIN DESTINATION (March 2024)Germany€11.5M

This section shows Electrical Ignitions'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 Electrical Ignitions over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$629M
IMPORTS (2022)$562M
NET TRADE (2022)$66.4M

In 2022, Italy exported $629M in Electrical Ignitions. The main destinations of Italy exports on Electrical Ignitions were Germany ($166M), France ($63.7M), Spain ($55.4M), Turkey ($37.3M), and United States ($34.4M).

In 2022, Italy imported $562M in Electrical Ignitions, mainly from Germany ($105M), China ($73.3M), Turkey ($51.4M), France ($46.3M), and Hungary ($40.8M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Electrical Ignitions EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Japan$3.01M (95.6%)
Mexico$2.76M (67.5%)
Thailand$2.14M (192%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Ignitions BY Italy WERE (2021 - 2022):
Germany-$35.5M (-17.6%)
United States-$35.4M (-50.7%)
Russia-$17.7M (-84.4%)
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Change in Exports by Market (undefined - undefined)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Electrical Ignitions were:
Japan $3.43B
China $3.22B
United States $2.02B
In 2022, Italy's main importing competitors in Electrical Ignitions were:
United States $4.44B
Germany $2.05B
Mexico $1.66B

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Trade Value of Electrical Ignitions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $26.9M
TOP IMPORT POTENTIALChina+ $24.6M

Electrical Ignitions’s highest export potential is United States. With an export gap of $26.9M.   Electrical Ignitions’s highest import potential is China with an import gap of $24.6M.

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