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2023
Exports $204MWorld Rnk 18 / 133
Flag Rnk 413 / 1216
2023
Destination $10.6M Thailand
2022 - 2023
FASTEST GROWING MARKET $10.6MPhilippines
2023
PRODUCT COMPLEXITY IN Animal Meal and Pellets-1.42Rnk 933 / 1025
2023
Imports $197MWorld Rnk 12 / 167
Flag Rnk 435 / 1213
2023
Origin $4.35M Spain
2022 - 2023
FASTEST GROWING ORIGIN $4.35MFrance
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $204M in Animal Meal and Pellets, making it the 18th largest exporter of Animal Meal and Pellets in the world. At the same year, Animal Meal and Pellets was the 413th most exported product in Italy. The main destination of Animal Meal and Pellets exports from Italy are: Thailand ($35.6M), Philippines ($32M), Indonesia ($24.1M), Burma ($15.3M), and France ($15.1M).

The fastest growing export markets for Animal Meal and Pellets of Italy between 2022 and 2023 were Philippines ($10.6M), Thailand ($8.98M), and Burma ($8.22M).

Imports In 2023, Italy imported $197M in Animal Meal and Pellets, becoming the 12th largest importer of Animal Meal and Pellets in the world. At the same year, Animal Meal and Pellets was the 435th most imported product in Italy. Italy imports Animal Meal and Pellets primarily from: Spain ($50.8M), Germany ($21.5M), Denmark ($20.8M), France ($19.8M), and Netherlands ($15.6M).

The fastest growing import markets in Animal Meal and Pellets for Italy between 2022 and 2023 were France ($4.35M), Belgium ($2.78M), and Austria ($2.33M).

Latest Trends

October 2024

About

Overview In October 2024 Italy's Animal Meal and Pellets exports accounted up to €8.52M and imports accounted up to €15.4M, resulting in a negative trade balance of €6.92M. Between October 2023 and October 2024 the exports of Italy's   Animal Meal and Pellets have increased by €1.43M (20.1%) from €7.09M to €8.52M, while imports increased by €799k (5.46%) from €14.6M to €15.4M.

Destinations In October 2024, Animal Meal and Pellets were exported mostly to Philippines (€1.95M), Serbia (€1.72M), France (€1.1M), Indonesia (€934k), and Germany (€582k), and were imported mostly from Spain (€3.44M), France (€2.41M), Netherlands (€2.02M), Denmark (€1.79M), and Germany (€1.78M).

Growth In October 2024, the increase in Animal Meal and Pellets's year-by-year exports was explained primarily by an increase in exports to Philippines (€1.03M or 381%), France (€127k or 10.6%), and Hungary (€122k or 114%). In October 2024, the increase in Animal Meal and Pellets's year-by-year imports was explained primarily by an increase in imports from Poland (€597k or 85.5%), Portugal (€366k or 165%), and Austria (€247k or 42.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€1.43M(20.1%)
IMPORT GROWTH (October 2023 - October 2024)€799k(5.46%)
MAIN DESTINATION (October 2024)Philippines€1.95M

This section shows Animal Meal and Pellets'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 Animal Meal and Pellets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$204M
IMPORTS (2023)$197M
NET TRADE (2023)$6.78M

In 2023, Italy exported $204M in Animal Meal and Pellets. The main destinations of Italy exports on Animal Meal and Pellets were Thailand ($35.6M), Philippines ($32M), Indonesia ($24.1M), Burma ($15.3M), and France ($15.1M).

In 2023, Italy imported $197M in Animal Meal and Pellets, mainly from Spain ($50.8M), Germany ($21.5M), Denmark ($20.8M), France ($19.8M), and Netherlands ($15.6M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Animal Meal and Pellets EXPORT MARKETS FOR Italy WERE (2022 - 2023):
Philippines$10.6M (49.4%)
Thailand$8.98M (33.7%)
Burma$8.22M (116%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal Meal and Pellets BY Italy WERE (2022 - 2023):
Vietnam-$5M (-26.1%)
Indonesia-$4.13M (-14.6%)
Netherlands-$3.62M (-36%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Animal Meal and Pellets were:
United States $1.2B
Peru $952M
India $526M
In 2023, Italy's main importing competitors in Animal Meal and Pellets were:
China $3.16B
Vietnam $593M
Norway $480M

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Trade Value of Animal Meal and Pellets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $5.03M
TOP IMPORT POTENTIALFrance+ $6.13M

Animal Meal and Pellets’s highest export potential is France. With an export gap of $5.03M.   Animal Meal and Pellets’s highest import potential is France with an import gap of $6.13M.

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