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2023
Exports $6.64MWorld Rnk 12 / 108
Flag Rnk 1005 / 1216
2023
Destination $2.35M Belgium
2022 - 2023
FASTEST GROWING MARKET $2.35MBelgium
2023
PRODUCT COMPLEXITY IN Ground Nut Oil-2.11Rnk 1006 / 1025
2023
Imports $62.7MWorld Rnk 2 / 183
Flag Rnk 691 / 1213
2023
Origin $11.6M Brazil
2022 - 2023
FASTEST GROWING ORIGIN $11.6MNicaragua
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $6.64M in Ground Nut Oil, making it the 12th largest exporter of Ground Nut Oil in the world. At the same year, Ground Nut Oil was the 1005th most exported product in Italy. The main destination of Ground Nut Oil exports from Italy are: Belgium ($2.46M), Germany ($1.15M), Austria ($543k), Sweden ($436k), and Netherlands ($418k).

The fastest growing export markets for Ground Nut Oil of Italy between 2022 and 2023 were Belgium ($2.35M), Sweden ($337k), and Germany ($317k).

Imports In 2023, Italy imported $62.7M in Ground Nut Oil, becoming the 2nd largest importer of Ground Nut Oil in the world. At the same year, Ground Nut Oil was the 691st most imported product in Italy. Italy imports Ground Nut Oil primarily from: Brazil ($45.1M), Nicaragua ($15.6M), Senegal ($826k), South Africa ($405k), and Belgium ($286k).

The fastest growing import markets in Ground Nut Oil for Italy between 2022 and 2023 were Nicaragua ($11.6M), South Africa ($405k), and Guinea ($190k).

Latest Trends

October 2024

About

Overview In October 2024 Italy's Ground Nut Oil exports accounted up to €1.94M and imports accounted up to €2.98M, resulting in a negative trade balance of €1.04M. Between October 2023 and October 2024 the exports of Italy's   Ground Nut Oil have increased by €1.29M (197%) from €652k to €1.94M, while imports decreased by €-1.58M (-34.6%) from €4.56M to €2.98M.

Destinations In October 2024, Ground Nut Oil were exported mostly to Belgium (€932k), Netherlands (€690k), France (€112k), Germany (€77.7k), and Spain (€54k), and were imported mostly from Brazil (€2.98M) and Austria (€296).

Growth In October 2024, the increase in Ground Nut Oil's year-by-year exports was explained primarily by an increase in exports to Sweden (€1.22k or 11.4%). In October 2024, the decrease in Ground Nut Oil's year-by-year imports was explained primarily by a decrease in imports from Brazil (€-549k or -9.17%), Germany (€-2.63k or -85.6%), and Belgium (€-836 or -6.22%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€1.29M(197%)
IMPORT GROWTH (October 2023 - October 2024)€-1.58M(-34.6%)
MAIN DESTINATION (October 2024)Belgium€932k

This section shows Ground Nut Oil'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 Ground Nut Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$6.64M
IMPORTS (2023)$62.7M
NET TRADE (2023)-$56.1M

In 2023, Italy exported $6.64M in Ground Nut Oil. The main destinations of Italy exports on Ground Nut Oil were Belgium ($2.46M), Germany ($1.15M), Austria ($543k), Sweden ($436k), and Netherlands ($418k).

In 2023, Italy imported $62.7M in Ground Nut Oil, mainly from Brazil ($45.1M), Nicaragua ($15.6M), Senegal ($826k), South Africa ($405k), and Belgium ($286k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ground Nut Oil EXPORT MARKETS FOR Italy WERE (2022 - 2023):
Belgium$2.35M (2.11k%)
Sweden$337k (343%)
Germany$317k (38%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ground Nut Oil BY Italy WERE (2022 - 2023):
Netherlands-$1.78M (-81%)
France-$402k (-71.9%)
United Kingdom-$229k (-95.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Ground Nut Oil were:
India $229M
Brazil $192M
Argentina $103M
In 2023, Italy's main importing competitors in Ground Nut Oil were:
China $446M
United States $39.6M

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Trade Value of Ground Nut Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $240k
TOP IMPORT POTENTIALNetherlands+ $351k

Ground Nut Oil’s highest export potential is France. With an export gap of $240k.   Ground Nut Oil’s highest import potential is Netherlands with an import gap of $351k.

See methodology.

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