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2022
Exports $7.36MWorld Rnk 12 / 99
Flag Rnk 1003 / 1217
2022
Destination $430k Netherlands
2021 - 2022
FASTEST GROWING MARKET $430kFrance
2022
PRODUCT COMPLEXITY IN Ground Nut Oil-1.93Rnk 993 / 1025
2022
Imports $65.8MWorld Rnk 2 / 185
Flag Rnk 696 / 1215
2022
Origin $4.44M Brazil
2021 - 2022
FASTEST GROWING ORIGIN $4.44MBrazil
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $7.36M in Ground Nut Oil, making it the 12th largest exporter of Ground Nut Oil in the world. At the same year, Ground Nut Oil was the 1003rd most exported product in Italy. The main destination of Ground Nut Oil exports from Italy are: Netherlands ($2.43M), France ($1.8M), Germany ($1.04M), Austria ($437k), and United Kingdom ($312k).

The fastest growing export markets for Ground Nut Oil of Italy between 2021 and 2022 were France ($430k), Netherlands ($285k), and Malta ($55.2k).

Imports In 2022, Italy imported $65.8M in Ground Nut Oil, becoming the 2nd largest importer of Ground Nut Oil in the world. At the same year, Ground Nut Oil was the 696th most imported product in Italy. Italy imports Ground Nut Oil primarily from: Brazil ($44.8M), Senegal ($11.2M), Nicaragua ($5.94M), Paraguay ($1.29M), and Gambia ($1.22M).

The fastest growing import markets in Ground Nut Oil for Italy between 2021 and 2022 were Brazil ($4.44M), Paraguay ($1.29M), and Gambia ($1.22M).

Latest Trends

March 2024

About

Overview In March 2024 Italy's Ground Nut Oil exports accounted up to €615k and imports accounted up to €2.53M, resulting in a negative trade balance of €1.92M. Between March 2023 and March 2024 the exports of Italy's   Ground Nut Oil have increased by €320k (108%) from €295k to €615k, while imports increased by €2.5M (7.58k%) from €33k to €2.53M.

Destinations In March 2024, Ground Nut Oil were exported mostly to Belgium (€280k), Germany (€192k), France (€58.8k), Canada (€24.2k), and Netherlands (€13.4k), and were imported mostly from Brazil (€2.53M), Germany (€914), and Austria (€116).

Growth In March 2024, the increase in Ground Nut Oil's year-by-year exports was explained primarily by an increase in exports to Sweden (€1.22k or 11.4%). In March 2024, the increase in Ground Nut Oil's year-by-year imports was explained primarily by an increase in imports from Austria (€195 or 49.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)€320k(108%)
IMPORT GROWTH (March 2023 - March 2024)€2.5M(7.58k%)
MAIN DESTINATION (March 2024)Belgium€280k

This section shows Ground Nut 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 Ground Nut Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.36M
IMPORTS (2022)$65.8M
NET TRADE (2022)-$58.4M

In 2022, Italy exported $7.36M in Ground Nut Oil. The main destinations of Italy exports on Ground Nut Oil were Netherlands ($2.43M), France ($1.8M), Germany ($1.04M), Austria ($437k), and United Kingdom ($312k).

In 2022, Italy imported $65.8M in Ground Nut Oil, mainly from Brazil ($44.8M), Senegal ($11.2M), Nicaragua ($5.94M), Paraguay ($1.29M), and Gambia ($1.22M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ground Nut Oil EXPORT MARKETS FOR Italy WERE (2021 - 2022):
France$430k (31.3%)
Netherlands$285k (13.3%)
Malta$55.2k (754%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ground Nut Oil BY Italy WERE (2021 - 2022):
Spain-$1.52M (-86.1%)
Germany-$759k (-42.2%)
United Kingdom-$566k (-64.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Ground Nut Oil were:
Brazil $277M
India $156M
Argentina $128M
In 2022, Italy's main importing competitors in Ground Nut Oil were:
China $475M
United States $54.3M

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Trade Value of Ground Nut Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $240k
TOP IMPORT POTENTIALNetherlands+ $351k

Ground Nut Oil’s highest export potential is France. With an export gap of $240k.   Ground Nut Oil’s highest import potential is Netherlands with an import gap of $351k.

See methodology.

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