2022
Exports
$226MWorld Rnk 17 / 149
Flag Rnk 400 / 1217
2022
PRODUCT COMPLEXITY IN Palm Oil
-2.31Rnk 1012 / 1025
2022
Imports
$1.65BWorld Rnk 7 / 208
Flag Rnk 83 / 1215
2022
ECONOMIC COMPLEXITY of Italy
1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $226M in Palm Oil, making it the 17th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 400th most exported product in Italy. The main destination of Palm Oil exports from Italy are: Germany ($76.3M), Poland ($31.9M), Serbia ($22.6M), France ($20.2M), and Romania ($13.6M).

The fastest growing export markets for Palm Oil of Italy between 2021 and 2022 were Germany ($9.44M), Serbia ($9.03M), and Spain ($3.76M).

Imports In 2022, Italy imported $1.65B in Palm Oil, becoming the 7th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 83rd most imported product in Italy. Italy imports Palm Oil primarily from: Indonesia ($805M), Malaysia ($378M), Honduras ($155M), Netherlands ($82.2M), and Guatemala ($67.7M).

The fastest growing import markets in Palm Oil for Italy between 2021 and 2022 were Indonesia ($170M), Honduras ($113M), and Netherlands ($33.6M).

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€8.25M(59.3%)
IMPORT GROWTH (June 2023 - June 2024)€-36.2M(-33.6%)
MAIN DESTINATION (June 2024)Germany€6.95M

This section shows Palm 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 Palm Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$226M
IMPORTS (2022)$1.65B
NET TRADE (2022)-$1.42B

In 2022, Italy exported $226M in Palm Oil. The main destinations of Italy exports on Palm Oil were Germany ($76.3M), Poland ($31.9M), Serbia ($22.6M), France ($20.2M), and Romania ($13.6M).

In 2022, Italy imported $1.65B in Palm Oil, mainly from Indonesia ($805M), Malaysia ($378M), Honduras ($155M), Netherlands ($82.2M), and Guatemala ($67.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Germany$9.44M (14.1%)
Serbia$9.03M (66.6%)
Spain$3.76M (94.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Italy WERE (2021 - 2022):
Turkey-$13.4M (-99.7%)
Iran-$4.32M (-100%)
Benin-$2.7M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Palm Oil were:
In 2022, Italy's main importing competitors in Palm Oil were:
India $11.1B
China $4.85B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $6.87M
TOP IMPORT POTENTIALNetherlands+ $11.1M

Palm Oil’s highest export potential is France. With an export gap of $6.87M.   Palm Oil’s highest import potential is Netherlands with an import gap of $11.1M.

See methodology.

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