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2022
Exports $2.21MWorld Rnk 57 / 136
Flag Rnk 1118 / 1217
2022
Destination $607k Hungary
2021 - 2022
FASTEST GROWING MARKET $607kGreece
2022
PRODUCT COMPLEXITY IN Molasses-1.56Rnk 955 / 1025
2022
Imports $53.3MWorld Rnk 9 / 193
Flag Rnk 735 / 1215
2022
Origin $14.3M India
2021 - 2022
FASTEST GROWING ORIGIN $14.3MPakistan
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $2.21M in Molasses, making it the 57th largest exporter of Molasses in the world. At the same year, Molasses was the 1118th most exported product in Italy. The main destination of Molasses exports from Italy are: Hungary ($776k), Greece ($623k), Germany ($443k), Spain ($94.6k), and Indonesia ($66k).

The fastest growing export markets for Molasses of Italy between 2021 and 2022 were Greece ($607k), Hungary ($361k), and Germany ($331k).

Imports In 2022, Italy imported $53.3M in Molasses, becoming the 9th largest importer of Molasses in the world. At the same year, Molasses was the 735th most imported product in Italy. Italy imports Molasses primarily from: India ($15.2M), Pakistan ($14.3M), Russia ($5.21M), Austria ($3.21M), and Germany ($3.14M).

The fastest growing import markets in Molasses for Italy between 2021 and 2022 were Pakistan ($14.3M), India ($6.76M), and Austria ($2.82M).

Latest Trends

March 2024

About

Overview In March 2024 Italy's Molasses exports accounted up to €165k and imports accounted up to €3.4M, resulting in a negative trade balance of €3.24M. Between March 2023 and March 2024 the exports of Italy's   Molasses have increased by €91.3k (124%) from €73.8k to €165k, while imports decreased by €-4.98M (-59.4%) from €8.38M to €3.4M.

Destinations In March 2024, Molasses were exported mostly to Germany (€93k), Austria (€23.4k), Romania (€5.88k), France (€31), and Greece (€8), and were imported mostly from Pakistan (€1.6M), Germany (€1.26M), Indonesia (€261k), Slovenia (€186k), and Austria (€61.5k).

Growth In March 2024, the increase in Molasses's year-by-year exports was explained primarily by an increase in exports to Germany (€69.5k or 319%), Hungary (€24.5k or 270%), and Spain (€2.66k or 63.7%). In March 2024, the decrease in Molasses's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)€91.3k(124%)
IMPORT GROWTH (March 2023 - March 2024)€-4.98M(-59.4%)
MAIN DESTINATION (March 2024)Germany€93k

This section shows Molasses'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 Molasses over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.21M
IMPORTS (2022)$53.3M
NET TRADE (2022)-$51.1M

In 2022, Italy exported $2.21M in Molasses. The main destinations of Italy exports on Molasses were Hungary ($776k), Greece ($623k), Germany ($443k), Spain ($94.6k), and Indonesia ($66k).

In 2022, Italy imported $53.3M in Molasses, mainly from India ($15.2M), Pakistan ($14.3M), Russia ($5.21M), Austria ($3.21M), and Germany ($3.14M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Molasses EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Greece$607k (3.76k%)
Hungary$361k (87.1%)
Germany$331k (295%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Molasses BY Italy WERE (2021 - 2022):
Bulgaria-$387k (-99.6%)
Netherlands-$84.2k (-86.9%)
Czechia-$56.6k (-78.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Molasses were:
India $348M
Indonesia $117M
Russia $80.8M
In 2022, Italy's main importing competitors in Molasses were:
United States $180M
United Kingdom $135M
Netherlands $112M

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Trade Value of Molasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $129k
TOP IMPORT POTENTIALIndia+ $1.94M

Molasses’s highest export potential is France. With an export gap of $129k.   Molasses’s highest import potential is India with an import gap of $1.94M.

See methodology.

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