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2023
Exports $1.32BWorld Rnk 38 / 163
Flag Rnk 109 / 1216
2023
Destination $295M Austria
2022 - 2023
FASTEST GROWING MARKET $295MAustria
2023
PRODUCT COMPLEXITY IN Petroleum Gas-2.01Rnk 998 / 1025
2023
Imports $43.4BWorld Rnk 4 / 220
Flag Rnk 1 / 1213
2023
Origin $1.24B Algeria
2022 - 2023
FASTEST GROWING ORIGIN $1.24BUnited States
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $1.32B in Petroleum Gas, making it the 38th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 109th most exported product in Italy. The main destination of Petroleum Gas exports from Italy are: Austria ($637M), Germany ($215M), Slovenia ($84M), Belgium ($83.6M), and Switzerland ($73.2M).

The fastest growing export markets for Petroleum Gas of Italy between 2022 and 2023 were Austria ($295M), Belgium ($35.7M), and Morocco ($17.4M).

Imports In 2023, Italy imported $43.4B in Petroleum Gas, becoming the 4th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 1st most imported product in Italy. Italy imports Petroleum Gas primarily from: Algeria ($14B), France ($7.89B), Qatar ($6.18B), Azerbaijan ($4.81B), and Norway ($2.92B).

The fastest growing import markets in Petroleum Gas for Italy between 2022 and 2023 were United States ($1.24B), Qatar ($261M), and Spain ($259M).

Latest Trends

October 2024

About

Overview In October 2024 Italy's Petroleum Gas exports accounted up to €41.4M and imports accounted up to €2.04B, resulting in a negative trade balance of €2B. Between October 2023 and October 2024 the exports of Italy's   Petroleum Gas have decreased by €-19M (-31.4%) from €60.3M to €41.4M, while imports decreased by €-117M (-5.43%) from €2.16B to €2.04B.

Destinations In October 2024, Petroleum Gas were exported mostly to Austria (€22.3M), Germany (€6.58M), Switzerland (€5.36M), Tunisia (€2.43M), and San Marino (€1.42M), and were imported mostly from Algeria (€910M), Azerbaijan (€373M), United States (€229M), Qatar (€156M), and Norway (€104M).

Growth In October 2024, the decrease in Petroleum Gas's year-by-year exports was explained primarily by a decrease in exports to Belgium (€-2.19M or -98.8%), San Marino (€-900k or -33.1%), and Malta (€-236k or -44.6%). In October 2024, the decrease in Petroleum Gas's year-by-year imports was explained primarily by a decrease in imports from Russia (€-1.37B or -72%), China (€-71.1M or -99.9%), and Libya (€-55M or -26.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€-19M(-31.4%)
IMPORT GROWTH (October 2023 - October 2024)€-117M(-5.43%)
MAIN DESTINATION (October 2024)Austria€22.3M

This section shows Petroleum Gas'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 Petroleum Gas over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.32B
IMPORTS (2023)$43.4B
NET TRADE (2023)-$42.1B

In 2023, Italy exported $1.32B in Petroleum Gas. The main destinations of Italy exports on Petroleum Gas were Austria ($637M), Germany ($215M), Slovenia ($84M), Belgium ($83.6M), and Switzerland ($73.2M).

In 2023, Italy imported $43.4B in Petroleum Gas, mainly from Algeria ($14B), France ($7.89B), Qatar ($6.18B), Azerbaijan ($4.81B), and Norway ($2.92B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Italy WERE (2022 - 2023):
Austria$295M (86.2%)
Belgium$35.7M (74.5%)
Morocco$17.4M (71.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Italy WERE (2022 - 2023):
Germany-$848M (-79.7%)
Switzerland-$193M (-72.5%)
Greece-$61.8M (-61.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Petroleum Gas were:
United States $83.2B
Qatar $71.1B
Norway $70.8B
In 2023, Italy's main importing competitors in Petroleum Gas were:
China $83.7B
Japan $52.5B
France $45.4B

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Trade Value of Petroleum Gas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $166M
TOP IMPORT POTENTIALUnited States+ $1.6B

Petroleum Gas’s highest export potential is Germany. With an export gap of $166M.   Petroleum Gas’s highest import potential is United States with an import gap of $1.6B.

See methodology.

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