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2022
Exports $5.4MWorld Rnk 12 / 139
Flag Rnk 1028 / 1217
2022
Destination $195k United Kingdom
2021 - 2022
FASTEST GROWING MARKET $195kBelgium
2022
PRODUCT COMPLEXITY IN Nutmeg, mace and cardamons-1.93Rnk 992 / 1025
2022
Imports $10.8MWorld Rnk 25 / 208
Flag Rnk 1021 / 1215
2022
Origin $893k Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $893kIndonesia
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $5.4M in Nutmeg, mace and cardamons, making it the 12th largest exporter of Nutmeg, mace and cardamons in the world. At the same year, Nutmeg, mace and cardamons was the 1028th most exported product in Italy. The main destination of Nutmeg, mace and cardamons exports from Italy are: United Kingdom ($1.21M), Spain ($1.07M), France ($807k), Greece ($537k), and Germany ($315k).

The fastest growing export markets for Nutmeg, mace and cardamons of Italy between 2021 and 2022 were Belgium ($195k), Greece ($148k), and Germany ($145k).

Imports In 2022, Italy imported $10.8M in Nutmeg, mace and cardamons, becoming the 25th largest importer of Nutmeg, mace and cardamons in the world. At the same year, Nutmeg, mace and cardamons was the 1021st most imported product in Italy. Italy imports Nutmeg, mace and cardamons primarily from: Indonesia ($5.78M), Netherlands ($933k), Grenada ($743k), Vietnam ($736k), and Guatemala ($459k).

The fastest growing import markets in Nutmeg, mace and cardamons for Italy between 2021 and 2022 were Indonesia ($893k), Grenada ($743k), and Vietnam ($438k).

Latest Trends

March 2024

About

Overview In March 2024 Italy's Nutmeg, mace and cardamons exports accounted up to €286k and imports accounted up to €698k, resulting in a negative trade balance of €411k. Between March 2023 and March 2024 the exports of Italy's   Nutmeg, mace and cardamons have decreased by €-124k (-30.1%) from €410k to €286k, while imports decreased by €-17.2k (-2.41%) from €715k to €698k.

Destinations In March 2024, Nutmeg, mace and cardamons were exported mostly to Spain (€77.1k), France (€52.7k), United Kingdom (€50.2k), Netherlands (€21.7k), and Portugal (€19.3k), and were imported mostly from Guatemala (€360k), Indonesia (€184k), Netherlands (€69.5k), France (€37.2k), and Germany (€23.3k).

Growth In March 2024, the decrease in Nutmeg, mace and cardamons's year-by-year exports was explained primarily by a decrease in exports to Greece (€-117k or -82.3%), Belgium (€-79.1k or -98.1%), and Germany (€-54.4k or -85%). In March 2024, the decrease in Nutmeg, mace and cardamons's year-by-year imports was explained primarily by a decrease in imports from Indonesia (€-1.28M or -80.4%), Austria (€-21.1k or -64.4%), and Spain (€-3.26k or -66.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)€-124k(-30.1%)
IMPORT GROWTH (March 2023 - March 2024)€-17.2k(-2.41%)
MAIN DESTINATION (March 2024)Spain€77.1k

This section shows Nutmeg, mace and cardamons'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 Nutmeg, mace and cardamons over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.4M
IMPORTS (2022)$10.8M
NET TRADE (2022)-$5.35M

In 2022, Italy exported $5.4M in Nutmeg, mace and cardamons. The main destinations of Italy exports on Nutmeg, mace and cardamons were United Kingdom ($1.21M), Spain ($1.07M), France ($807k), Greece ($537k), and Germany ($315k).

In 2022, Italy imported $10.8M in Nutmeg, mace and cardamons, mainly from Indonesia ($5.78M), Netherlands ($933k), Grenada ($743k), Vietnam ($736k), and Guatemala ($459k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nutmeg, mace and cardamons EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Belgium$195k (484%)
Greece$148k (38.1%)
Germany$145k (85.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nutmeg, mace and cardamons BY Italy WERE (2021 - 2022):
Netherlands-$125k (-35.6%)
Switzerland-$121k (-73.3%)
Slovakia-$65.7k (-76.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Nutmeg, mace and cardamons were:
Guatemala $430M
Indonesia $272M
India $194M
In 2022, Italy's main importing competitors in Nutmeg, mace and cardamons were:
United Arab Emirates $145M
Saudi Arabia $137M
China $110M

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Trade Value of Nutmeg, mace and cardamons by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $165k
TOP IMPORT POTENTIALGuatemala+ $494k

Nutmeg, mace and cardamons’s highest export potential is Germany. With an export gap of $165k.   Nutmeg, mace and cardamons’s highest import potential is Guatemala with an import gap of $494k.

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