Rum and tafia in Italy | The Observatory of Economic Complexity

About

Exports In 2022, Italy exported $226M in Rum and tafia, making it the 1st largest exporter of Rum and tafia in the world. At the same year, Rum and tafia was the 566th most exported product in Italy. The main destination of Rum and tafia exports from Italy are: United Kingdom ($36.1M), Germany ($28.1M), Belgium ($27.9M), Spain ($23M), and France ($12.5M).

Imports In 2022, Italy imported $125M in Rum and tafia, becoming the 6th largest importer of Rum and tafia in the world. At the same year, Rum and tafia was the 807th most imported product in Italy. Italy imports Rum and tafia primarily from: United States ($43.1M), Venezuela ($16.2M), Netherlands ($9.52M), France ($9.31M), and Spain ($8.55M).

The fastest growing import markets in Rum and tafia for Italy between 2021 and 2022 were United States ($7.89M), Netherlands ($3.07M), and Venezuela ($2.73M).

COMPANIES In 2023, leading companies such as CNH Industrial (4.79k), IKEA Group (2.86k), and Valbruna Stainless (2.05k) were at the forefront of shipping Rum and tafia from Italy to the United States.

Latest Trends

March 2024

About

Overview In March 2024 Italy's Rum and tafia exports accounted up to €14.8M and imports accounted up to €2.7M, resulting in a positive trade balance of €12.1M. Between March 2023 and March 2024 the exports of Italy's Rum and tafia have decreased by €-156k (-1.04%) from €15M to €14.8M, while imports decreased by €-2.9M (-51.8%) from €5.6M to €2.7M.

Destinations In March 2024, Rum and tafia were exported mostly to Belgium (€3.2M), United Kingdom (€2.16M), Spain (€1.64M), Germany (€1.48M), and Greece (€1.21M), and were imported mostly from France (€1.15M), Netherlands (€514k), Spain (€267k), Germany (€183k), and United Kingdom (€175k).

Growth In March 2024, the decrease in Rum and tafia's year-by-year exports was explained primarily by a decrease in exports to United Kingdom (€-1.27M or -48.7%), China (€-637k or -84.3%), and Japan (€-524k or -88.6%). In March 2024, the decrease in Rum and tafia's year-by-year imports was explained primarily by a decrease in imports from Poland (€-56.9k or -91.2%), Brazil (€-30.4k or -60.2%), and Germany (€-28.5k or -21.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)€-156k(-1.04%)

IMPORT GROWTH (March 2023 - March 2024)€-2.9M(-51.8%)

MAIN DESTINATION (March 2024)Belgium€3.2M

This section shows Rum and tafia'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 Rum and tafia over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$226M

IMPORTS (2022)$125M

NET TRADE (2022)$101M

In 2022, Italy exported $226M in Rum and tafia. The main destinations of Italy exports on Rum and tafia were United Kingdom ($36.1M), Germany ($28.1M), Belgium ($27.9M), Spain ($23M), and France ($12.5M).

In 2022, Italy imported $125M in Rum and tafia, mainly from United States ($43.1M), Venezuela ($16.2M), Netherlands ($9.52M), France ($9.31M), and Spain ($8.55M).

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