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2022
Exports $2.67MWorld Rnk 18 / 112
Flag Rnk 1091 / 1217
2022
Destination $129k France
2021 - 2022
FASTEST GROWING MARKET $129kSerbia
2022
Imports $11.4MWorld Rnk 7 / 173
Flag Rnk 1008 / 1215
2022
Origin $72.5k China
2021 - 2022
FASTEST GROWING ORIGIN $72.5kCzechia
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $2.67M in Vegetable waxes and beeswax, making it the 18th largest exporter of Vegetable waxes and beeswax in the world. At the same year, Vegetable waxes and beeswax was the 1091st most exported product in Italy. The main destination of Vegetable waxes and beeswax exports from Italy are: France ($993k), Poland ($178k), Serbia ($161k), India ($157k), and Spain ($140k).

The fastest growing export markets for Vegetable waxes and beeswax of Italy between 2021 and 2022 were Serbia ($129k), Lebanon ($55.9k), and United Arab Emirates ($44.3k).

Imports In 2022, Italy imported $11.4M in Vegetable waxes and beeswax, becoming the 7th largest importer of Vegetable waxes and beeswax in the world. At the same year, Vegetable waxes and beeswax was the 1008th most imported product in Italy. Italy imports Vegetable waxes and beeswax primarily from: China ($3.27M), Brazil ($2.64M), France ($2.19M), Germany ($1.3M), and Netherlands ($1.14M).

The fastest growing import markets in Vegetable waxes and beeswax for Italy between 2021 and 2022 were Czechia ($72.5k), United Kingdom ($31.1k), and Canada ($26.4k).

Latest Trends

March 2024

About

Overview In March 2024 Italy's Vegetable waxes and beeswax exports accounted up to €100k and imports accounted up to €727k, resulting in a negative trade balance of €627k. Between March 2023 and March 2024 the exports of Italy's   Vegetable waxes and beeswax have decreased by €-97.5k (-49.3%) from €198k to €100k, while imports decreased by €-256k (-26.1%) from €983k to €727k.

Destinations In March 2024, Vegetable waxes and beeswax were exported mostly to France (€51k), Saudi Arabia (€5.4k), Poland (€5.1k), Mexico (€4.18k), and Australia (€4.07k), and were imported mostly from Germany (€228k), France (€215k), Brazil (€121k), Netherlands (€118k), and Spain (€39.4k).

Growth In March 2024, the decrease in Vegetable waxes and beeswax's year-by-year exports was explained primarily by a decrease in exports to France (€-102k or -61.1%) and Canada (€-723 or -31.3%). In March 2024, the decrease in Vegetable waxes and beeswax's year-by-year imports was explained primarily by a decrease in imports from China (€-64.1k or -34.4%), France (€-41.4k or -21.7%), and Poland (€-123 or -94.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)€-97.5k(-49.3%)
IMPORT GROWTH (March 2023 - March 2024)€-256k(-26.1%)
MAIN DESTINATION (March 2024)France€51k

This section shows Vegetable waxes and beeswax'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 Vegetable waxes and beeswax over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.67M
IMPORTS (2022)$11.4M
NET TRADE (2022)-$8.77M

In 2022, Italy exported $2.67M in Vegetable waxes and beeswax. The main destinations of Italy exports on Vegetable waxes and beeswax were France ($993k), Poland ($178k), Serbia ($161k), India ($157k), and Spain ($140k).

In 2022, Italy imported $11.4M in Vegetable waxes and beeswax, mainly from China ($3.27M), Brazil ($2.64M), France ($2.19M), Germany ($1.3M), and Netherlands ($1.14M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vegetable waxes and beeswax EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Serbia$129k (414%)
Lebanon$55.9k (1%)
United Arab Emirates$44.3k (483%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vegetable waxes and beeswax BY Italy WERE (2021 - 2022):
France-$971k (-49.4%)
Spain-$269k (-65.8%)
Australia-$189k (-98.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Vegetable waxes and beeswax were:
Brazil $98.5M
China $60.4M
Germany $33.7M
In 2022, Italy's main importing competitors in Vegetable waxes and beeswax were:
United States $62.6M
Germany $59.4M
China $30.8M

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Trade Value of Vegetable waxes and beeswax by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $106k
TOP IMPORT POTENTIALBrazil+ $333k

Vegetable waxes and beeswax’s highest export potential is United States. With an export gap of $106k.   Vegetable waxes and beeswax’s highest import potential is Brazil with an import gap of $333k.

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