Food preparations nes in Italy | The Observatory of Economic Complexity

About

Exports In 2022, Italy exported $1.8B in Food preparations nes, making it the 7th largest exporter of Food preparations nes in the world. At the same year, Food preparations nes was the 50th most exported product in Italy. The main destination of Food preparations nes exports from Italy are: United States ($194M), Spain ($139M), Germany ($136M), France ($133M), and Netherlands ($93.5M).

The fastest growing export markets for Food preparations nes of Italy between 2021 and 2022 were United States ($33.9M), Spain ($16.2M), and Turkey ($14.2M).

Imports In 2022, Italy imported $854M in Food preparations nes, becoming the 18th largest importer of Food preparations nes in the world. At the same year, Food preparations nes was the 120th most imported product in Italy. Italy imports Food preparations nes primarily from: Germany ($178M), Netherlands ($158M), France ($108M), Belgium ($65.4M), and Poland ($46.8M).

The fastest growing import markets in Food preparations nes for Italy between 2021 and 2022 were China ($17.3M), Belgium ($7.97M), and Lithuania ($5.91M).

COMPANIES In 2023, leading companies such as CNH Industrial (4.79k), IKEA Group (2.86k), and Valbruna Stainless (2.05k) were at the forefront of shipping Food preparations nes from Italy to the United States.

Latest Trends

March 2024

About

Overview In March 2024 Italy's Food preparations nes exports accounted up to €171M and imports accounted up to €94.4M, resulting in a positive trade balance of €77.1M. Between March 2023 and March 2024 the exports of Italy's Food preparations nes have increased by €1.69M (0.99%) from €170M to €171M, while imports increased by €588k (0.63%) from €93.8M to €94.4M.

Destinations In March 2024, Food preparations nes were exported mostly to Germany (€19.2M), United States (€14.5M), Spain (€13.4M), France (€11.7M), and Netherlands (€9.26M), and were imported mostly from Germany (€22.4M), France (€12.8M), Netherlands (€12.8M), Poland (€6.51M), and Belgium (€4.96M).

Growth In March 2024, the increase in Food preparations nes's year-by-year exports was explained primarily by an increase in exports to Netherlands (€3.26M or 66%), Germany (€3.21M or 35%), and France (€3.19M or 40.6%). In March 2024, the increase in Food preparations nes's year-by-year imports was explained primarily by an increase in imports from Germany (€3.53M or 25.7%), Belgium (€2.83M or 58.3%), and France (€2.81M or 41.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)€1.69M(0.99%)

IMPORT GROWTH (March 2023 - March 2024)€588k(0.63%)

MAIN DESTINATION (March 2024)Germany€19.2M

This section shows Food preparations nes'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 Food preparations nes over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.8B

IMPORTS (2022)$854M

NET TRADE (2022)$945M

In 2022, Italy exported $1.8B in Food preparations nes. The main destinations of Italy exports on Food preparations nes were United States ($194M), Spain ($139M), Germany ($136M), France ($133M), and Netherlands ($93.5M).

In 2022, Italy imported $854M in Food preparations nes, mainly from Germany ($178M), Netherlands ($158M), France ($108M), Belgium ($65.4M), and Poland ($46.8M).

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