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2023
Exports $1.68BWorld Rnk 6 / 199
Flag Rnk 91 / 1216
2023
Destination $19M Germany
2022 - 2023
FASTEST GROWING MARKET $19MFrance
2023
PRODUCT COMPLEXITY IN Hard Liquor-0.58Rnk 730 / 1025
2023
Imports $829MWorld Rnk 13 / 226
Flag Rnk 155 / 1213
2023
Origin $50.4M United Kingdom
2022 - 2023
FASTEST GROWING ORIGIN $50.4MUnited States
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $1.68B in Hard Liquor, making it the 6th largest exporter of Hard Liquor in the world. At the same year, Hard Liquor was the 91st most exported product in Italy. The main destination of Hard Liquor exports from Italy are: Germany ($335M), United States ($256M), United Kingdom ($128M), France ($128M), and Belgium ($67.6M).

The fastest growing export markets for Hard Liquor of Italy between 2022 and 2023 were France ($19M), Latvia ($13.1M), and United States ($12.5M).

Imports In 2023, Italy imported $829M in Hard Liquor, becoming the 13th largest importer of Hard Liquor in the world. At the same year, Hard Liquor was the 155th most imported product in Italy. Italy imports Hard Liquor primarily from: United Kingdom ($245M), United States ($117M), France ($106M), Spain ($68.5M), and Netherlands ($67.5M).

The fastest growing import markets in Hard Liquor for Italy between 2022 and 2023 were United States ($50.4M), Spain ($14.3M), and Mexico ($10.9M).

COMPANIES In 2023, leading companies such as Cardinal Wine Group (48), Busa Distribution Center (37), and Pernod Ricard (24) were at the forefront of shipping Hard Liquor from Italy to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Italy's Hard Liquor exports accounted up to €130M and imports accounted up to €131M, resulting in a negative trade balance of €257k. Between October 2023 and October 2024 the exports of Italy's   Hard Liquor have increased by €11.8M (9.91%) from €119M to €130M, while imports increased by €61.2M (88%) from €69.5M to €131M.

Destinations In October 2024, Hard Liquor were exported mostly to Germany (€32.1M), United States (€19M), United Kingdom (€13.9M), Spain (€8.35M), and Belgium (€8.23M), and were imported mostly from United States (€54.8M), United Kingdom (€29.1M), France (€14.3M), Netherlands (€8.41M), and Spain (€7.14M).

Growth In October 2024, the increase in Hard Liquor's year-by-year exports was explained primarily by an increase in exports to United States (€12.6M or 173%), Germany (€4.81M or 31.4%), and Greece (€2.05M or 152%). In October 2024, the increase in Hard Liquor's year-by-year imports was explained primarily by an increase in imports from United Kingdom (€6.83M or 64.3%), Spain (€5.08M or 180%), and Venezuela (€1.06M or 67.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€11.8M(9.91%)
IMPORT GROWTH (October 2023 - October 2024)€61.2M(88%)
MAIN DESTINATION (October 2024)Germany€32.1M

This section shows Hard Liquor'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 Hard Liquor over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.68B
IMPORTS (2023)$829M
NET TRADE (2023)$856M

In 2023, Italy exported $1.68B in Hard Liquor. The main destinations of Italy exports on Hard Liquor were Germany ($335M), United States ($256M), United Kingdom ($128M), France ($128M), and Belgium ($67.6M).

In 2023, Italy imported $829M in Hard Liquor, mainly from United Kingdom ($245M), United States ($117M), France ($106M), Spain ($68.5M), and Netherlands ($67.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hard Liquor EXPORT MARKETS FOR Italy WERE (2022 - 2023):
France$19M (17.4%)
Latvia$13.1M (79%)
United States$12.5M (5.12%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hard Liquor BY Italy WERE (2022 - 2023):
Germany-$22.1M (-6.2%)
Spain-$11.8M (-18.9%)
Nigeria-$11.6M (-57.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Hard Liquor were:
United Kingdom $10.3B
France $6.42B
Mexico $5.85B
In 2023, Italy's main importing competitors in Hard Liquor were:
United States $10.8B
China $2.92B
Singapore $1.99B

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Trade Value of Hard Liquor by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $88.8M
TOP IMPORT POTENTIALFrance+ $66.4M

Hard Liquor’s highest export potential is United States. With an export gap of $88.8M.   Hard Liquor’s highest import potential is France with an import gap of $66.4M.

See methodology.

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