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2022
Exports $179MWorld Rnk 11 / 196
Flag Rnk 450 / 1217
2022
Destination $3M France
2021 - 2022
FASTEST GROWING MARKET $3MUnited States
2022
PRODUCT COMPLEXITY IN Essential Oils-1.09Rnk 855 / 1025
2022
Imports $119MWorld Rnk 15 / 214
Flag Rnk 552 / 1215
2022
Origin $6.72M France
2021 - 2022
FASTEST GROWING ORIGIN $6.72MNetherlands
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $179M in Essential Oils, making it the 11th largest exporter of Essential Oils in the world. At the same year, Essential Oils was the 450th most exported product in Italy. The main destination of Essential Oils exports from Italy are: France ($37.7M), United States ($35.6M), Germany ($17.5M), Netherlands ($15.8M), and Switzerland ($9.22M).

The fastest growing export markets for Essential Oils of Italy between 2021 and 2022 were United States ($3M), Netherlands ($2.84M), and Portugal ($1.96M).

Imports In 2022, Italy imported $119M in Essential Oils, becoming the 15th largest importer of Essential Oils in the world. At the same year, Essential Oils was the 552nd most imported product in Italy. Italy imports Essential Oils primarily from: France ($29.6M), Netherlands ($15.8M), Spain ($15.4M), Germany ($12.5M), and Austria ($6.59M).

The fastest growing import markets in Essential Oils for Italy between 2021 and 2022 were Netherlands ($6.72M), Croatia ($5.25M), and France ($4.11M).

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

June 2024

About

Overview In June 2024 Italy's Essential Oils exports accounted up to €21.4M and imports accounted up to €10.9M, resulting in a positive trade balance of €10.5M. Between June 2023 and June 2024 the exports of Italy's   Essential Oils have increased by €3.46M (19.2%) from €18M to €21.4M, while imports decreased by €-833k (-7.11%) from €11.7M to €10.9M.

Destinations In June 2024, Essential Oils were exported mostly to France (€4.16M), United States (€3.42M), Germany (€2.51M), Netherlands (€2.05M), and Switzerland (€1.35M), and were imported mostly from France (€4.75M), Spain (€1.26M), Netherlands (€985k), Germany (€955k), and United States (€785k).

Growth In June 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 June 2024, the decrease in Essential Oils's year-by-year imports was explained primarily by a decrease in imports from Austria (€-690k or -70.7%), China (€-99.1k or -37%), and Indonesia (€-34.4k or -17.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€3.46M(19.2%)
IMPORT GROWTH (June 2023 - June 2024)€-833k(-7.11%)
MAIN DESTINATION (June 2024)France€4.16M

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 (2022)$179M
IMPORTS (2022)$119M
NET TRADE (2022)$60.5M

In 2022, Italy exported $179M in Essential Oils. The main destinations of Italy exports on Essential Oils were France ($37.7M), United States ($35.6M), Germany ($17.5M), Netherlands ($15.8M), and Switzerland ($9.22M).

In 2022, Italy imported $119M in Essential Oils, mainly from France ($29.6M), Netherlands ($15.8M), Spain ($15.4M), Germany ($12.5M), and Austria ($6.59M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Essential Oils EXPORT MARKETS FOR Italy WERE (2021 - 2022):
United States$3M (9.2%)
Netherlands$2.84M (21.8%)
Portugal$1.96M (718%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Essential Oils BY Italy WERE (2021 - 2022):
Germany-$8.65M (-33%)
France-$8.11M (-17.7%)
Saudi Arabia-$1.54M (-98.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Essential Oils were:
India $879M
United States $693M
Brazil $425M
In 2022, Italy's main importing competitors in Essential Oils were:
United States $1.25B
France $440M
Germany $357M

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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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