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2022
Exports $286MWorld Rnk 11 / 141
Flag Rnk 349 / 1217
2022
Destination $85.8M Netherlands
2021 - 2022
FASTEST GROWING MARKET $85.8MNetherlands
2022
PRODUCT COMPLEXITY IN Inedible Fats and Oils-0.34Rnk 660 / 1025
2022
Imports $172MWorld Rnk 15 / 186
Flag Rnk 461 / 1215
2022
Origin $21.8M China
2021 - 2022
FASTEST GROWING ORIGIN $21.8MChina
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $286M in Inedible Fats and Oils, making it the 11th largest exporter of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 349th most exported product in Italy. The main destination of Inedible Fats and Oils exports from Italy are: Netherlands ($144M), Austria ($45.3M), Spain ($17.2M), Belgium ($16.2M), and Czechia ($13M).

The fastest growing export markets for Inedible Fats and Oils of Italy between 2021 and 2022 were Netherlands ($85.8M), Austria ($9.41M), and Belgium ($8.78M).

Imports In 2022, Italy imported $172M in Inedible Fats and Oils, becoming the 15th largest importer of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 461st most imported product in Italy. Italy imports Inedible Fats and Oils primarily from: China ($60.3M), Spain ($25.7M), Germany ($18.6M), Vietnam ($9.2M), and Austria ($7.98M).

The fastest growing import markets in Inedible Fats and Oils for Italy between 2021 and 2022 were China ($21.8M), Spain ($12.5M), and Vietnam ($8.5M).

Latest Trends

September 2024

About

Overview In September 2024 Italy's Inedible Fats and Oils exports accounted up to €14.4M and imports accounted up to €3.77M, resulting in a positive trade balance of €10.6M. Between September 2023 and September 2024 the exports of Italy's   Inedible Fats and Oils have decreased by €-1.77M (-10.9%) from €16.2M to €14.4M, while imports decreased by €-10.6M (-73.7%) from €14.3M to €3.77M.

Destinations In September 2024, Inedible Fats and Oils were exported mostly to Bulgaria (€3.02M), Belgium (€2.47M), Spain (€2.27M), Austria (€2.2M), and Netherlands (€1.59M), and were imported mostly from Germany (€1.03M), Spain (€816k), Turkey (€500k), Belgium (€354k), and France (€247k).

Growth In September 2024, the decrease in Inedible Fats and Oils's year-by-year exports was explained primarily by a decrease in exports to Germany (€-645k or -53.1%), Greece (€-389k or -94.6%), and France (€-148k or -26.9%). In September 2024, the decrease in Inedible Fats and Oils's year-by-year imports was explained primarily by a decrease in imports from Belgium (€-85.5k or -55.9%), Netherlands (€-46.6k or -73.9%), and France (€-34.9k or -17.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)€-1.77M(-10.9%)
IMPORT GROWTH (September 2023 - September 2024)€-10.6M(-73.7%)
MAIN DESTINATION (September 2024)Bulgaria€3.02M

This section shows Inedible Fats and Oils'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 Inedible Fats and Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$286M
IMPORTS (2022)$172M
NET TRADE (2022)$114M

In 2022, Italy exported $286M in Inedible Fats and Oils. The main destinations of Italy exports on Inedible Fats and Oils were Netherlands ($144M), Austria ($45.3M), Spain ($17.2M), Belgium ($16.2M), and Czechia ($13M).

In 2022, Italy imported $172M in Inedible Fats and Oils, mainly from China ($60.3M), Spain ($25.7M), Germany ($18.6M), Vietnam ($9.2M), and Austria ($7.98M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Inedible Fats and Oils EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Netherlands$85.8M (147%)
Austria$9.41M (26.2%)
Belgium$8.78M (118%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inedible Fats and Oils BY Italy WERE (2021 - 2022):
Romania-$2.08M (-77%)
Switzerland-$1.43M (-26.6%)
United Kingdom-$939k (-91.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Inedible Fats and Oils were:
China $2.4B
Netherlands $1.68B
Malaysia $942M
In 2022, Italy's main importing competitors in Inedible Fats and Oils were:
Netherlands $2.47B
Singapore $1.19B
Spain $1.03B

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Trade Value of Inedible Fats and Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $7.84M
TOP IMPORT POTENTIALChina+ $5.91M

Inedible Fats and Oils’s highest export potential is Germany. With an export gap of $7.84M.   Inedible Fats and Oils’s highest import potential is China with an import gap of $5.91M.

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