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2022
Exports $2.54BWorld Rnk 7 / 223
Flag Rnk 51 / 1217
2022
Destination $29.5M Germany
2021 - 2022
FASTEST GROWING MARKET $29.5MMexico
2022
PRODUCT COMPLEXITY IN Engine Parts0.92Rnk 203 / 1025
2022
Imports $1.97BWorld Rnk 9 / 224
Flag Rnk 71 / 1215
2022
Origin $15.7M Germany
2021 - 2022
FASTEST GROWING ORIGIN $15.7MChina
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $2.54B in Engine Parts, making it the 7th largest exporter of Engine Parts in the world. At the same year, Engine Parts was the 51st most exported product in Italy. The main destination of Engine Parts exports from Italy are: Germany ($530M), France ($209M), United States ($209M), Poland ($179M), and Austria ($133M).

The fastest growing export markets for Engine Parts of Italy between 2021 and 2022 were Mexico ($29.5M), United States ($29.1M), and India ($18.6M).

Imports In 2022, Italy imported $1.97B in Engine Parts, becoming the 9th largest importer of Engine Parts in the world. At the same year, Engine Parts was the 71st most imported product in Italy. Italy imports Engine Parts primarily from: Germany ($514M), China ($233M), Turkey ($114M), Brazil ($113M), and France ($95.6M).

The fastest growing import markets in Engine Parts for Italy between 2021 and 2022 were China ($15.7M), Mexico ($12.9M), and Slovakia ($11.3M).

COMPANIES In 2023, leading companies such as BOEING (123), Robert Bosch (33), and Volvo (7) were at the forefront of shipping Engine Parts from Italy to the United States.

Latest Trends

March 2024

About

Overview In March 2024 Italy's Engine Parts exports accounted up to €213M and imports accounted up to €197M, resulting in a positive trade balance of €15.4M. Between March 2023 and March 2024 the exports of Italy's   Engine Parts have decreased by €-43.3M (-16.9%) from €256M to €213M, while imports decreased by €-5.39M (-2.66%) from €203M to €197M.

Destinations In March 2024, Engine Parts were exported mostly to Germany (€43.7M), France (€21.4M), United States (€15.3M), Brazil (€12.3M), and Poland (€12.2M), and were imported mostly from Germany (€66.7M), China (€18.7M), Mexico (€12.5M), Turkey (€11.6M), and Brazil (€8.4M).

Growth In March 2024, the decrease in Engine Parts's year-by-year exports was explained primarily by a decrease in exports to Russia (€-772k or -72.7%), South Korea (€-721k or -23.9%), and Czechia (€-555k or -24.8%). In March 2024, the decrease in Engine Parts's year-by-year imports was explained primarily by a decrease in imports from China (€-5.58M or -29.7%), Brazil (€-3.91M or -38.8%), and Indonesia (€-2.58M or -35.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)€-43.3M(-16.9%)
IMPORT GROWTH (March 2023 - March 2024)€-5.39M(-2.66%)
MAIN DESTINATION (March 2024)Germany€43.7M

This section shows Engine Parts'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 Engine Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.54B
IMPORTS (2022)$1.97B
NET TRADE (2022)$572M

In 2022, Italy exported $2.54B in Engine Parts. The main destinations of Italy exports on Engine Parts were Germany ($530M), France ($209M), United States ($209M), Poland ($179M), and Austria ($133M).

In 2022, Italy imported $1.97B in Engine Parts, mainly from Germany ($514M), China ($233M), Turkey ($114M), Brazil ($113M), and France ($95.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Engine Parts EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Mexico$29.5M (63.7%)
United States$29.1M (16.2%)
India$18.6M (23.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Engine Parts BY Italy WERE (2021 - 2022):
France-$49M (-19%)
Poland-$42.8M (-19.3%)
United Kingdom-$33.5M (-36.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Engine Parts were:
Germany $13B
China $7.96B
Japan $6.08B
In 2022, Italy's main importing competitors in Engine Parts were:
United States $13.5B
Germany $5.9B
Mexico $3.67B

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Trade Value of Engine Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $124M
TOP IMPORT POTENTIALChina+ $81.8M

Engine Parts’s highest export potential is United States. With an export gap of $124M.   Engine Parts’s highest import potential is China with an import gap of $81.8M.

See methodology.

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