2022
Exports
$1.28BWorld Rnk 3 / 169
Flag Rnk 125 / 1217
2022
PRODUCT COMPLEXITY IN Cranes
0.76Rnk 258 / 1025
2022
Imports
$232MWorld Rnk 19 / 215
Flag Rnk 406 / 1215
2022
ECONOMIC COMPLEXITY of Italy
1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $1.28B in Cranes, making it the 3rd largest exporter of Cranes in the world. At the same year, Cranes was the 125th most exported product in Italy. The main destination of Cranes exports from Italy are: France ($147M), United States ($138M), Germany ($135M), Austria ($69.8M), and Canada ($61.8M).

The fastest growing export markets for Cranes of Italy between 2021 and 2022 were Mexico ($21.4M), Sweden ($9.61M), and Hong Kong ($8.74M).

Imports In 2022, Italy imported $232M in Cranes, becoming the 19th largest importer of Cranes in the world. At the same year, Cranes was the 406th most imported product in Italy. Italy imports Cranes primarily from: Germany ($87.4M), Austria ($34.3M), China ($11.5M), Sweden ($11.3M), and Slovakia ($10.8M).

The fastest growing import markets in Cranes for Italy between 2021 and 2022 were Germany ($29.5M), Kazakhstan ($7.74M), and Sweden ($7.69M).

COMPANIES In 2023, leading companies such as PACCAR Engine (1) and Konecranes (1) were at the forefront of shipping Cranes from Italy to the United States.

Latest Trends

March 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)€-5.95M(-4.57%)
IMPORT GROWTH (March 2023 - March 2024)€-35.3M(-69.8%)
MAIN DESTINATION (March 2024)United States€19.2M

This section shows Cranes'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 Cranes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.28B
IMPORTS (2022)$232M
NET TRADE (2022)$1.05B

In 2022, Italy exported $1.28B in Cranes. The main destinations of Italy exports on Cranes were France ($147M), United States ($138M), Germany ($135M), Austria ($69.8M), and Canada ($61.8M).

In 2022, Italy imported $232M in Cranes, mainly from Germany ($87.4M), Austria ($34.3M), China ($11.5M), Sweden ($11.3M), and Slovakia ($10.8M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cranes EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Mexico$21.4M (397%)
Sweden$9.61M (93.6%)
Hong Kong$8.74M (66.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cranes BY Italy WERE (2021 - 2022):
France-$17.4M (-10.6%)
Austria-$14.5M (-17.2%)
India-$11.8M (-62%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Cranes were:
China $4.1B
Germany $1.93B
In 2022, Italy's main importing competitors in Cranes were:

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Trade Value of Cranes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $21.8M
TOP IMPORT POTENTIALAustria+ $10M

Cranes’s highest export potential is United States. With an export gap of $21.8M.   Cranes’s highest import potential is Austria with an import gap of $10M.

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