Natural gums, resins & other vegetable extracts in Italy | The Observatory of Economic Complexity

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Exports In 2022, Italy exported $569M in Natural gums, resins & other vegetable extracts, making it the 7th largest exporter of Natural gums, resins & other vegetable extracts in the world. At the same year, Natural gums, resins & other vegetable extracts was the 72nd most exported product in Italy. The main destination of Natural gums, resins & other vegetable extracts exports from Italy are: United States ($133M), France ($70.4M), Germany ($67.9M), China ($29.8M), and Japan ($29.3M).

The fastest growing export markets for Natural gums, resins & other vegetable extracts of Italy between 2021 and 2022 were United States ($41.6M), Japan ($14M), and France ($7.07M).

Imports In 2022, Italy imported $371M in Natural gums, resins & other vegetable extracts, becoming the 8th largest importer of Natural gums, resins & other vegetable extracts in the world. At the same year, Natural gums, resins & other vegetable extracts was the 79th most imported product in Italy. Italy imports Natural gums, resins & other vegetable extracts primarily from: Vietnam ($85.9M), China ($69.5M), France ($46.5M), Germany ($39.2M), and Spain ($30.2M).

The fastest growing import markets in Natural gums, resins & other vegetable extracts for Italy between 2021 and 2022 were Vietnam ($63.6M), China ($19.4M), and France ($18.1M).

COMPANIES In 2023, leading companies such as Prime Line Coffee (2) were at the forefront of shipping Natural gums, resins & other vegetable extracts from Italy to the United States.

Latest Trends

March 2024

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Overview In March 2024 Italy's Natural gums, resins & other vegetable extracts exports accounted up to €15.9M and imports accounted up to €17.4M, resulting in a negative trade balance of €1.51M. Between March 2023 and March 2024 the exports of Italy's Natural gums, resins & other vegetable extracts have decreased by €-11.3M (-41.5%) from €27.1M to €15.9M, while imports increased by €808k (4.88%) from €16.6M to €17.4M.

Destinations In March 2024, Natural gums, resins & other vegetable extracts were exported mostly to France (€3.12M), United States (€2.12M), Germany (€2.04M), Spain (€1.3M), and United Kingdom (€953k), and were imported mostly from China (€5.55M), France (€4.22M), Indonesia (€2.61M), Germany (€1.84M), and Spain (€1.54M).

Growth In March 2024, the decrease in Natural gums, resins & other vegetable extracts's year-by-year exports was explained primarily by a decrease in exports to United States (€-1.93M or -30.7%), France (€-1.54M or -42%), and Canada (€-959k or -95.9%). In March 2024, the increase in Natural gums, resins & other vegetable extracts's year-by-year imports was explained primarily by an increase in imports from Indonesia (€1.81M or 167%), Spain (€1.6M or 110%), and Netherlands (€694k or 179%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)€-11.3M(-41.5%)

IMPORT GROWTH (March 2023 - March 2024)€808k(4.88%)

MAIN DESTINATION (March 2024)France€3.12M

This section shows Natural gums, resins & other vegetable extracts'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 Natural gums, resins & other vegetable extracts over time.

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