Wine in Italy | The Observatory of Economic Complexity

About

Exports In 2022, Italy exported $8.32B in Wine, making it the 2nd largest exporter of Wine in the world. At the same year, Wine was the 9th most exported product in Italy. The main destination of Wine exports from Italy are: United States ($2.03B), Germany ($1.21B), United Kingdom ($895M), Switzerland ($461M), and Canada ($458M).

The fastest growing export markets for Wine of Italy between 2021 and 2022 were France ($27.4M), Japan ($26.1M), and Latvia ($25.5M).

Imports In 2022, Italy imported $500M in Wine, becoming the 18th largest importer of Wine in the world. At the same year, Wine was the 237th most imported product in Italy. Italy imports Wine primarily from: France ($353M), Spain ($75.2M), Germany ($12.5M), Portugal ($10.1M), and United Arab Emirates ($7.66M).

The fastest growing import markets in Wine for Italy between 2021 and 2022 were France ($46.6M), United Arab Emirates ($7.48M), and United Kingdom ($1.33M).

COMPANIES In 2023, leading companies such as PALM BAY INTERNATIONAL (7.11k), CARDINAL WINE GROUP LLC (1.65k), and MISA IMPORTS (1.46k) were at the forefront of shipping Wine from Italy to the United States.

Latest Trends

December 2023

About

Overview In December 2023 Italy's Wine exports accounted up to €562M and imports accounted up to €43.1M, resulting in a positive trade balance of €519M. Between December 2022 and December 2023 the exports of Italy's Wine have decreased by €-21.8M (-3.74%) from €583M to €562M, while imports increased by €12.1M (39.2%) from €30.9M to €43.1M.

Destinations In December 2023, Wine were exported mostly to United States (€136M), Germany (€88.5M), United Kingdom (€48.2M), Switzerland (€35M), and Canada (€27.9M), and were imported mostly from France (€26.9M), Spain (€12.2M), Portugal (€1.07M), Netherlands (€979k), and Germany (€566k).

Growth In December 2023, the decrease in Wine's year-by-year exports was explained primarily by a decrease in exports to United Kingdom (€-9.51M or -18.8%), Canada (€-8.78M or -27.8%), and Japan (€-3.94M or -33.4%). In December 2023, the increase in Wine's year-by-year imports was explained primarily by an increase in imports from France (€9.95M or 56.3%), Spain (€1.02M or 31.1%), and Germany (€411k or 135%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)€-21.8M(-3.74%)

IMPORT GROWTH (December 2022 - December 2023)€12.1M(39.2%)

MAIN DESTINATION (December 2023)United States€136M

This section shows Wine'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 Wine over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$8.32B

IMPORTS (2022)$500M

NET TRADE (2022)$7.82B

In 2022, Italy exported $8.32B in Wine. The main destinations of Italy exports on Wine were United States ($2.03B), Germany ($1.21B), United Kingdom ($895M), Switzerland ($461M), and Canada ($458M).

In 2022, Italy imported $500M in Wine, mainly from France ($353M), Spain ($75.2M), Germany ($12.5M), Portugal ($10.1M), and United Arab Emirates ($7.66M).

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