Organic chemicals in Italy | The Observatory of Economic Complexity

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Exports In 2022, Italy exported $8.77B in Organic chemicals, making it the 16th largest exporter of Organic chemicals in the world. At the same year, Organic chemicals was the 19th most exported product in Italy. The main destination of Organic chemicals exports from Italy are: Germany ($1.24B), United States ($869M), France ($802M), Switzerland ($582M), and Spain ($424M).

The fastest growing export markets for Organic chemicals of Italy between 2021 and 2022 were France ($164M), United States ($50.7M), and Japan ($33.9M).

Imports In 2022, Italy imported $20.4B in Organic chemicals, becoming the 6th largest importer of Organic chemicals in the world. At the same year, Organic chemicals was the 8th most imported product in Italy. Italy imports Organic chemicals primarily from: Switzerland ($3.48B), China ($2.88B), Belgium ($2.25B), Germany ($2.24B), and United States ($1.7B).

The fastest growing import markets in Organic chemicals for Italy between 2021 and 2022 were China ($856M), Switzerland ($672M), and United States ($338M).

COMPANIES In 2023, leading companies such as IKEA SUPPLY AG (1.7k), LG ELECTRONICS U.S.A. INC. (534), and RED BULL NORTH AMERICA INC. (459) were at the forefront of shipping Organic chemicals from Italy to the United States.

Latest Trends

December 2023

About

Overview In December 2023 Italy's Organic chemicals exports accounted up to €543M and imports accounted up to €1.72B, resulting in a negative trade balance of €1.18B. Between December 2022 and December 2023 the exports of Italy's Organic chemicals have decreased by €-69.3M (-11.3%) from €612M to €543M, while imports increased by €159M (10.2%) from €1.56B to €1.72B.

Destinations In December 2023, Organic chemicals were exported mostly to Germany (€97.9M), Switzerland (€61.4M), United States (€49.8M), Netherlands (€46.6M), and Japan (€41.4M), and were imported mostly from United States (€505M), China (€479M), Germany (€154M), Belgium (€132M), and Netherlands (€112M).

Growth In December 2023, the decrease in Organic chemicals's year-by-year exports was explained primarily by a decrease in exports to France (€-13.6M or -22.6%), Poland (€-3.79M or -88.1%), and Greece (€-3.65M or -40.7%). In December 2023, the increase in Organic chemicals's year-by-year imports was explained primarily by an increase in imports from Ireland (€220M or 432%), China (€158M or 59.7%), and United States (€83.8M or 68.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)€-69.3M(-11.3%)

IMPORT GROWTH (December 2022 - December 2023)€159M(10.2%)

MAIN DESTINATION (December 2023)Germany€97.9M

This section shows Organic chemicals'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 Organic chemicals over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$8.77B

IMPORTS (2022)$20.4B

NET TRADE (2022)-$11.6B

In 2022, Italy exported $8.77B in Organic chemicals. The main destinations of Italy exports on Organic chemicals were Germany ($1.24B), United States ($869M), France ($802M), Switzerland ($582M), and Spain ($424M).

In 2022, Italy imported $20.4B in Organic chemicals, mainly from Switzerland ($3.48B), China ($2.88B), Belgium ($2.25B), Germany ($2.24B), and United States ($1.7B).

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