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2023
Exports $237MWorld Rnk 8 / 194
Flag Rnk 370 / 1216
2023
Destination $12.4M France
2022 - 2023
FASTEST GROWING MARKET $12.4MNetherlands
2023
PRODUCT COMPLEXITY IN Essential Oils-1.17Rnk 872 / 1025
2023
Imports $134MWorld Rnk 13 / 217
Flag Rnk 517 / 1213
2023
Origin $8.22M France
2022 - 2023
FASTEST GROWING ORIGIN $8.22MFrance
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $237M in Essential Oils, making it the 8th largest exporter of Essential Oils in the world. At the same year, Essential Oils was the 370th most exported product in Italy. The main destination of Essential Oils exports from Italy are: France ($37.3M), United States ($37M), Netherlands ($26.5M), Germany ($22.4M), and Ireland ($11.9M).

The fastest growing export markets for Essential Oils of Italy between 2022 and 2023 were Netherlands ($12.4M), Ireland ($10M), and Norway ($9.53M).

Imports In 2023, Italy imported $134M in Essential Oils, becoming the 13th largest importer of Essential Oils in the world. At the same year, Essential Oils was the 517th most imported product in Italy. Italy imports Essential Oils primarily from: France ($40.8M), Spain ($20M), Germany ($19M), Netherlands ($15M), and Brazil ($6.04M).

The fastest growing import markets in Essential Oils for Italy between 2022 and 2023 were France ($8.22M), Spain ($4.69M), and Mexico ($4.59M).

COMPANIES In 2023, leading companies such as Givaudan Fragrances (9) were at the forefront of shipping Essential Oils from Italy to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Italy's Essential Oils exports accounted up to €21.9M and imports accounted up to €16.2M, resulting in a positive trade balance of €5.75M. Between October 2023 and October 2024 the exports of Italy's   Essential Oils have increased by €5.26M (31.5%) from €16.7M to €21.9M, while imports increased by €7.72M (90.9%) from €8.49M to €16.2M.

Destinations In October 2024, Essential Oils were exported mostly to France (€6.45M), United States (€3.45M), Netherlands (€2.66M), Germany (€2.11M), and Ireland (€1.06M), and were imported mostly from France (€5.86M), Spain (€2.26M), Germany (€1.54M), Egypt (€1.16M), and Netherlands (€1.16M).

Growth In October 2024, the increase in Essential Oils's year-by-year exports was explained primarily by an increase in exports to United States (€1.19M or 321%), Netherlands (€813k or 82.9%), and United Kingdom (€244k or 143%). In October 2024, the increase in Essential Oils's year-by-year imports was explained primarily by an increase in imports from Germany (€823k or 91.9%), France (€710k or 31.4%), and Spain (€460k or 70.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€5.26M(31.5%)
IMPORT GROWTH (October 2023 - October 2024)€7.72M(90.9%)
MAIN DESTINATION (October 2024)France€6.45M

This section shows Essential Oils'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 Essential Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$237M
IMPORTS (2023)$134M
NET TRADE (2023)$103M

In 2023, Italy exported $237M in Essential Oils. The main destinations of Italy exports on Essential Oils were France ($37.3M), United States ($37M), Netherlands ($26.5M), Germany ($22.4M), and Ireland ($11.9M).

In 2023, Italy imported $134M in Essential Oils, mainly from France ($40.8M), Spain ($20M), Germany ($19M), Netherlands ($15M), and Brazil ($6.04M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Essential Oils EXPORT MARKETS FOR Italy WERE (2022 - 2023):
Netherlands$12.4M (88.4%)
Ireland$10M (540%)
Norway$9.53M (4.6k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Essential Oils BY Italy WERE (2022 - 2023):
United States-$5.32M (-12.6%)
Portugal-$2.56M (-82.7%)
Croatia-$1.83M (-83.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Essential Oils were:
United States $743M
India $657M
France $457M
In 2023, Italy's main importing competitors in Essential Oils were:
United States $1.12B
France $430M
Ireland $354M

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Trade Value of Essential Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.05M
TOP IMPORT POTENTIALFrance+ $4.78M

Essential Oils’s highest export potential is United States. With an export gap of $7.05M.   Essential Oils’s highest import potential is France with an import gap of $4.78M.

See methodology.

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