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2022
Exports $486MWorld Rnk 7 / 144
Flag Rnk 248 / 1217
2022
Destination $35.3M France
2021 - 2022
FASTEST GROWING MARKET $35.3MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Locomotive Parts0.82Rnk 237 / 1025
2022
Imports $519MWorld Rnk 8 / 200
Flag Rnk 231 / 1215
2022
Origin $7.39M Germany
2021 - 2022
FASTEST GROWING ORIGIN $7.39MSpain
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $486M in Locomotive Parts, making it the 7th largest exporter of Locomotive Parts in the world. At the same year, Locomotive Parts was the 248th most exported product in Italy. The main destination of Locomotive Parts exports from Italy are: France ($87.7M), United Kingdom ($81.1M), Germany ($60.1M), Poland ($38.5M), and China ($26M).

The fastest growing export markets for Locomotive Parts of Italy between 2021 and 2022 were United Kingdom ($35.3M), Austria ($5.01M), and India ($4.83M).

Imports In 2022, Italy imported $519M in Locomotive Parts, becoming the 8th largest importer of Locomotive Parts in the world. At the same year, Locomotive Parts was the 231st most imported product in Italy. Italy imports Locomotive Parts primarily from: Germany ($152M), Poland ($152M), France ($41.2M), Czechia ($30.8M), and Spain ($27.9M).

The fastest growing import markets in Locomotive Parts for Italy between 2021 and 2022 were Spain ($7.39M), Slovenia ($2.36M), and Slovakia ($2.28M).

COMPANIES In 2023, leading companies such as Siemens (5) and Continental Tire (4) were at the forefront of shipping Locomotive Parts from Italy to the United States.

Latest Trends

March 2024

About

Overview In March 2024 Italy's Locomotive Parts exports accounted up to €51.2M and imports accounted up to €61.5M, resulting in a negative trade balance of €10.3M. Between March 2023 and March 2024 the exports of Italy's   Locomotive Parts have increased by €8.23M (19.1%) from €43M to €51.2M, while imports increased by €5.91M (10.6%) from €55.6M to €61.5M.

Destinations In March 2024, Locomotive Parts were exported mostly to France (€11M), United Kingdom (€6.13M), Germany (€5.75M), China (€4.21M), and Austria (€3.21M), and were imported mostly from Germany (€19.7M), Poland (€14M), Austria (€5.47M), China (€4.23M), and Hungary (€4.11M).

Growth In March 2024, the increase in Locomotive Parts's year-by-year exports was explained primarily by an increase in exports to United Kingdom (€2.44M or 62%), China (€1.68M or 337%), and Greece (€1.55M or 847%). In March 2024, the increase in Locomotive Parts's year-by-year imports was explained primarily by an increase in imports from Poland (€3.8M or 40.1%), Hungary (€1.39M or 133%), and Belgium (€916k or 388%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)€8.23M(19.1%)
IMPORT GROWTH (March 2023 - March 2024)€5.91M(10.6%)
MAIN DESTINATION (March 2024)France€11M

This section shows Locomotive 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 Locomotive Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$486M
IMPORTS (2022)$519M
NET TRADE (2022)-$33.3M

In 2022, Italy exported $486M in Locomotive Parts. The main destinations of Italy exports on Locomotive Parts were France ($87.7M), United Kingdom ($81.1M), Germany ($60.1M), Poland ($38.5M), and China ($26M).

In 2022, Italy imported $519M in Locomotive Parts, mainly from Germany ($152M), Poland ($152M), France ($41.2M), Czechia ($30.8M), and Spain ($27.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Locomotive Parts EXPORT MARKETS FOR Italy WERE (2021 - 2022):
United Kingdom$35.3M (77.1%)
Austria$5.01M (25.7%)
India$4.83M (82.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Locomotive Parts BY Italy WERE (2021 - 2022):
China-$23.4M (-47.5%)
France-$15.6M (-15.1%)
Germany-$13.3M (-18.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Locomotive Parts were:
Germany $1.71B
United States $1.59B
China $1.58B
In 2022, Italy's main importing competitors in Locomotive Parts were:
Germany $1.61B
Mexico $1.05B
United States $998M

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Trade Value of Locomotive Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $16.7M
TOP IMPORT POTENTIALAustria+ $19.3M

Locomotive Parts’s highest export potential is Germany. With an export gap of $16.7M.   Locomotive Parts’s highest import potential is Austria with an import gap of $19.3M.

See methodology.

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