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2023
Exports $12.9MWorld Rnk 38 / 119
Flag Rnk 936 / 1216
2023
Destination $2.06M China
2022 - 2023
FASTEST GROWING MARKET $2.06MChina
2023
PRODUCT COMPLEXITY IN Fish oil-1.52Rnk 946 / 1025
2023
Imports $37.9MWorld Rnk 23 / 175
Flag Rnk 801 / 1213
2023
Origin $2M France
2022 - 2023
FASTEST GROWING ORIGIN $2MLatvia
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $12.9M in Fish oil, making it the 38th largest exporter of Fish oil in the world. At the same year, Fish oil was the 936th most exported product in Italy. The main destination of Fish oil exports from Italy are: China ($6.16M), Netherlands ($1.36M), Spain ($1.27M), Sri Lanka ($1.21M), and Serbia ($1.04M).

The fastest growing export markets for Fish oil of Italy between 2022 and 2023 were China ($2.06M), Netherlands ($1.16M), and Serbia ($807k).

Imports In 2023, Italy imported $37.9M in Fish oil, becoming the 23rd largest importer of Fish oil in the world. At the same year, Fish oil was the 801st most imported product in Italy. Italy imports Fish oil primarily from: France ($8.98M), Spain ($7.89M), Latvia ($4.49M), Netherlands ($3.98M), and Poland ($3.94M).

The fastest growing import markets in Fish oil for Italy between 2022 and 2023 were Latvia ($2M), Netherlands ($1.2M), and Peru ($1.05M).

Latest Trends

October 2024

About

Overview In October 2024 Italy's Fish oil exports accounted up to €162k and imports accounted up to €2.84M, resulting in a negative trade balance of €2.68M. Between October 2023 and October 2024 the exports of Italy's   Fish oil have increased by €103k (177%) from €58.3k to €162k, while imports increased by €180k (6.78%) from €2.66M to €2.84M.

Destinations In October 2024, Fish oil were exported mostly to Serbia (€122k), Germany (€37.6k), Slovenia (€1.1k), Netherlands (€1.01k), and Slovakia (€84), and were imported mostly from Spain (€973k), France (€812k), Netherlands (€429k), China (€268k), and Chile (€201k).

Growth In October 2024, the increase in Fish oil's year-by-year exports was explained primarily by an increase in exports to . In October 2024, the increase in Fish oil's year-by-year imports was explained primarily by an increase in imports from Netherlands (€285k or 248%), Spain (€224k or 49%), and Poland (€2.17k or 0.98%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€103k(177%)
IMPORT GROWTH (October 2023 - October 2024)€180k(6.78%)
MAIN DESTINATION (October 2024)Serbia€122k

This section shows Fish oil'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 Fish oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$12.9M
IMPORTS (2023)$37.9M
NET TRADE (2023)-$25M

In 2023, Italy exported $12.9M in Fish oil. The main destinations of Italy exports on Fish oil were China ($6.16M), Netherlands ($1.36M), Spain ($1.27M), Sri Lanka ($1.21M), and Serbia ($1.04M).

In 2023, Italy imported $37.9M in Fish oil, mainly from France ($8.98M), Spain ($7.89M), Latvia ($4.49M), Netherlands ($3.98M), and Poland ($3.94M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Fish oil EXPORT MARKETS FOR Italy WERE (2022 - 2023):
China$2.06M (50.3%)
Netherlands$1.16M (595%)
Serbia$807k (339%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fish oil BY Italy WERE (2022 - 2023):
Sri Lanka-$694k (-36.5%)
Greece-$678k (-94.9%)
United States-$52k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Fish oil were:
Chile $459M
Denmark $335M
Norway $333M
In 2023, Italy's main importing competitors in Fish oil were:
Norway $890M
Chile $342M
Denmark $318M

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Trade Value of Fish oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $271k
TOP IMPORT POTENTIALDenmark+ $687k

Fish oil’s highest export potential is China. With an export gap of $271k.   Fish oil’s highest import potential is Denmark with an import gap of $687k.

See methodology.

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