NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Exports $657MWorld Rnk 45 / 150
Flag Rnk 206 / 1216
2023
Destination $251M Turkey
2022 - 2023
FASTEST GROWING MARKET $251MTurkey
2023
PRODUCT COMPLEXITY IN Crude Petroleum-2.37Rnk 1015 / 1025
2023
Imports $36.6BWorld Rnk 6 / 159
Flag Rnk 2 / 1213
2023
Origin $1.38B Azerbaijan
2022 - 2023
FASTEST GROWING ORIGIN $1.38BUnited States
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $657M in Crude Petroleum, making it the 45th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 206th most exported product in Italy. The main destination of Crude Petroleum exports from Italy are: Turkey ($285M), Spain ($236M), Germany ($35.9M), Israel ($35.6M), and France ($24.3M).

The fastest growing export markets for Crude Petroleum of Italy between 2022 and 2023 were Turkey ($251M), Israel ($35.6M), and Germany ($14.8M).

Imports In 2023, Italy imported $36.6B in Crude Petroleum, becoming the 6th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 2nd most imported product in Italy. Italy imports Crude Petroleum primarily from: Azerbaijan ($6.55B), Libya ($6.51B), United States ($4.76B), Kazakhstan ($3.95B), and Iraq ($3.72B).

The fastest growing import markets in Crude Petroleum for Italy between 2022 and 2023 were United States ($1.38B), Kazakhstan ($1.35B), and United Arab Emirates ($559M).

Latest Trends

October 2024

About

Overview In October 2024 Italy's Crude Petroleum exports accounted up to €49.1M and imports accounted up to €2.12B, resulting in a negative trade balance of €2.08B. Between October 2023 and October 2024 the exports of Italy's   Crude Petroleum have increased by €16.8M (51.8%) from €32.4M to €49.1M, while imports decreased by €-1.49B (-41.3%) from €3.62B to €2.12B.

Destinations In October 2024, Crude Petroleum were exported mostly to Spain (€24.9M), Turkey (€11.1M), Bulgaria (€9.86M), Austria (€3.3M), and United Kingdom (€3.52k), and were imported mostly from Kazakhstan (€482M), Azerbaijan (€410M), Nigeria (€210M), Iraq (€199M), and United States (€179M).

Growth In October 2024, the increase in Crude Petroleum's year-by-year exports was explained primarily by an increase in exports to Spain (€19.8M or 161%). In October 2024, the decrease in Crude Petroleum's year-by-year imports was explained primarily by a decrease in imports from Nigeria (€-76.6M or -43.3%) and Algeria (€-18.3M or -33.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€16.8M(51.8%)
IMPORT GROWTH (October 2023 - October 2024)€-1.49B(-41.3%)
MAIN DESTINATION (October 2024)Spain€24.9M

This section shows Crude Petroleum'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 Crude Petroleum over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$657M
IMPORTS (2023)$36.6B
NET TRADE (2023)-$35.9B

In 2023, Italy exported $657M in Crude Petroleum. The main destinations of Italy exports on Crude Petroleum were Turkey ($285M), Spain ($236M), Germany ($35.9M), Israel ($35.6M), and France ($24.3M).

In 2023, Italy imported $36.6B in Crude Petroleum, mainly from Azerbaijan ($6.55B), Libya ($6.51B), United States ($4.76B), Kazakhstan ($3.95B), and Iraq ($3.72B).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Italy WERE (2022 - 2023):
Turkey$251M (739%)
Israel$35.6M (1%)
Germany$14.8M (70.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Italy WERE (2022 - 2023):
Spain-$82M (-25.8%)
Netherlands-$29.1M (-99.9%)
Belgium-$5.64M (-100%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Crude Petroleum were:
Saudi Arabia $181B
United States $125B
Russia $122B
In 2023, Italy's main importing competitors in Crude Petroleum were:
China $319B
United States $170B
India $140B

Explore Visualizations

Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $69.3M
TOP IMPORT POTENTIALRussia+ $2.3B

Crude Petroleum’s highest export potential is France. With an export gap of $69.3M.   Crude Petroleum’s highest import potential is Russia with an import gap of $2.3B.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms