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2022
Exports $1.96BWorld Rnk 36 / 160
Flag Rnk 74 / 1217
2022
Destination $744M Germany
2021 - 2022
FASTEST GROWING MARKET $744MGermany
2022
PRODUCT COMPLEXITY IN Petroleum Gas-1.98Rnk 1000 / 1025
2022
Imports $67.6BWorld Rnk 3 / 222
Flag Rnk 1 / 1215
2022
Origin $9.44B Algeria
2021 - 2022
FASTEST GROWING ORIGIN $9.44BAlgeria
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $1.96B in Petroleum Gas, making it the 36th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 74th most exported product in Italy. The main destination of Petroleum Gas exports from Italy are: Germany ($1.06B), Austria ($344M), Slovenia ($180M), Greece ($80.9M), and Belgium ($45.6M).

The fastest growing export markets for Petroleum Gas of Italy between 2021 and 2022 were Germany ($744M), Austria ($343M), and Slovenia ($170M).

Imports In 2022, Italy imported $67.6B in Petroleum Gas, becoming the 3rd 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 ($15.1B), Russia ($12B), Azerbaijan ($11.4B), France ($7.97B), and Norway ($5.78B).

The fastest growing import markets in Petroleum Gas for Italy between 2021 and 2022 were Algeria ($9.44B), Azerbaijan ($8.24B), and France ($7.16B).

Latest Trends

July 2024

About

Overview In July 2024 Italy's Petroleum Gas exports accounted up to €18.1M and imports accounted up to €1.87B, resulting in a negative trade balance of €1.86B. Between July 2023 and July 2024 the exports of Italy's   Petroleum Gas have decreased by €-78.3M (-81.3%) from €96.4M to €18.1M, while imports decreased by €-112M (-5.65%) from €1.99B to €1.87B.

Destinations In July 2024, Petroleum Gas were exported mostly to Germany (€2.64M), Belgium (€2.36M), Switzerland (€2.28M), Senegal (€2.05M), and Morocco (€1.87M), and were imported mostly from Algeria (€858M), Azerbaijan (€317M), Russia (€214M), Qatar (€159M), and Norway (€139M).

Growth In July 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 July 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 (July 2023 - July 2024)€-78.3M(-81.3%)
IMPORT GROWTH (July 2023 - July 2024)€-112M(-5.65%)
MAIN DESTINATION (July 2024)Germany€2.64M

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 (2022)$1.96B
IMPORTS (2022)$67.6B
NET TRADE (2022)-$65.6B

In 2022, Italy exported $1.96B in Petroleum Gas. The main destinations of Italy exports on Petroleum Gas were Germany ($1.06B), Austria ($344M), Slovenia ($180M), Greece ($80.9M), and Belgium ($45.6M).

In 2022, Italy imported $67.6B in Petroleum Gas, mainly from Algeria ($15.1B), Russia ($12B), Azerbaijan ($11.4B), France ($7.97B), and Norway ($5.78B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Germany$744M (233%)
Austria$343M (141k%)
Slovenia$170M (1.63k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Italy WERE (2021 - 2022):
France-$16.7M (-38.8%)
Turkey-$10.7M (-67.2%)
Albania-$10.3M (-64.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Petroleum Gas were:
Norway $154B
United States $116B
Russia $71.5B
In 2022, Italy's main importing competitors in Petroleum Gas were:
Germany $98B
China $72.7B

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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.

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