2022
Exports
$286MWorld Rnk 11 / 141
Flag Rnk 349 / 1217
2022
PRODUCT COMPLEXITY IN Inedible Fats and Oils
-0.34Rnk 660 / 1025
2022
Imports
$172MWorld Rnk 15 / 186
Flag Rnk 461 / 1215
2022
ECONOMIC COMPLEXITY of Italy
1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $286M in Inedible Fats and Oils, making it the 11th largest exporter of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 349th most exported product in Italy. The main destination of Inedible Fats and Oils exports from Italy are: Netherlands ($144M), Austria ($45.3M), Spain ($17.2M), Belgium ($16.2M), and Czechia ($13M).

The fastest growing export markets for Inedible Fats and Oils of Italy between 2021 and 2022 were Netherlands ($85.8M), Austria ($9.41M), and Belgium ($8.78M).

Imports In 2022, Italy imported $172M in Inedible Fats and Oils, becoming the 15th largest importer of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 461st most imported product in Italy. Italy imports Inedible Fats and Oils primarily from: China ($60.3M), Spain ($25.7M), Germany ($18.6M), Vietnam ($9.2M), and Austria ($7.98M).

The fastest growing import markets in Inedible Fats and Oils for Italy between 2021 and 2022 were China ($21.8M), Spain ($12.5M), and Vietnam ($8.5M).

Historical Data

Trade Balance

Color
EXPORTS (2022)$286M
IMPORTS (2022)$172M
NET TRADE (2022)$114M

In 2022, Italy exported $286M in Inedible Fats and Oils. The main destinations of Italy exports on Inedible Fats and Oils were Netherlands ($144M), Austria ($45.3M), Spain ($17.2M), Belgium ($16.2M), and Czechia ($13M).

In 2022, Italy imported $172M in Inedible Fats and Oils, mainly from China ($60.3M), Spain ($25.7M), Germany ($18.6M), Vietnam ($9.2M), and Austria ($7.98M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Inedible Fats and Oils EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Netherlands$85.8M (147%)
Austria$9.41M (26.2%)
Belgium$8.78M (118%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inedible Fats and Oils BY Italy WERE (2021 - 2022):
Romania-$2.08M (-77%)
Switzerland-$1.43M (-26.6%)
United Kingdom-$939k (-91.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Inedible Fats and Oils were:
In 2022, Italy's main importing competitors in Inedible Fats and Oils were:

Explore Visualizations

Trade Value of Inedible Fats and Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $7.84M
TOP IMPORT POTENTIALChina+ $5.91M

Inedible Fats and Oils’s highest export potential is Germany. With an export gap of $7.84M.   Inedible Fats and Oils’s highest import potential is China with an import gap of $5.91M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with