Soups and broths and preparations thereof in Italy | The Observatory of Economic Complexity

About

Exports In 2022, Italy exported $77.2M in Soups and broths and preparations thereof, making it the 13th largest exporter of Soups and broths and preparations thereof in the world. At the same year, Soups and broths and preparations thereof was the 1224th most exported product in Italy. The main destination of Soups and broths and preparations thereof exports from Italy are: United Kingdom ($20.9M), Germany ($15.5M), France ($10M), Spain ($5.61M), and Belgium ($3.29M).

The fastest growing export markets for Soups and broths and preparations thereof of Italy between 2021 and 2022 were Germany ($5.54M), Australia ($1.02M), and France ($309k).

Imports In 2022, Italy imported $39.1M in Soups and broths and preparations thereof, becoming the 18th largest importer of Soups and broths and preparations thereof in the world. At the same year, Soups and broths and preparations thereof was the 1705th most imported product in Italy. Italy imports Soups and broths and preparations thereof primarily from: N/A.

The fastest growing import markets in Soups and broths and preparations thereof for Italy between 2021 and 2022 were Netherlands ($3.21M), Germany ($3.17M), and Ireland ($773k).

COMPANIES In 2023, leading companies such as CNH Industrial (4.79k), IKEA Group (2.86k), and Valbruna Stainless (2.05k) were at the forefront of shipping Soups and broths and preparations thereof from Italy to the United States.

Latest Trends

March 2024

About

Overview In March 2024 Italy's Soups and broths and preparations thereof exports accounted up to €6.56M and imports accounted up to €2.25M, resulting in a positive trade balance of €4.31M. Between March 2023 and March 2024 the exports of Italy's Soups and broths and preparations thereof have decreased by €-529k (-7.46%) from €7.09M to €6.56M, while imports decreased by €-827k (-26.9%) from €3.08M to €2.25M.

Destinations In March 2024, Soups and broths and preparations thereof were exported mostly to Germany (€2.03M), United Kingdom (€1.56M), France (€712k), Belgium (€336k), and Greece (€238k), and were imported mostly from Spain (€981k), Germany (€608k), Switzerland (€119k), Netherlands (€94.5k), and Belgium (€84k).

Growth In March 2024, the decrease in Soups and broths and preparations thereof's year-by-year exports was explained primarily by a decrease in exports to Spain (€-204k or -48.7%), France (€-158k or -14.3%), and Ireland (€-104k or -62%). In March 2024, the decrease in Soups and broths and preparations thereof's year-by-year imports was explained primarily by a decrease in imports from Netherlands (€-139k or -56.6%), China (€-74k or -76.4%), and Hungary (€-69.9k or -90.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)€-529k(-7.46%)

IMPORT GROWTH (March 2023 - March 2024)€-827k(-26.9%)

MAIN DESTINATION (March 2024)Germany€2.03M

This section shows Soups and broths and preparations thereof'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 Soups and broths and preparations thereof over time.

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