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2023
Exports $284MWorld Rnk 12 / 150
Flag Rnk 336 / 1216
2023
Destination $16.4M Germany
2022 - 2023
FASTEST GROWING MARKET $16.4MPoland
2023
PRODUCT COMPLEXITY IN Palm Oil-2.25Rnk 1010 / 1025
2023
Imports $1.5BWorld Rnk 6 / 206
Flag Rnk 89 / 1213
2023
Origin $52.1M Indonesia
2022 - 2023
FASTEST GROWING ORIGIN $52.1MMalaysia
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $284M in Palm Oil, making it the 12th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 336th most exported product in Italy. The main destination of Palm Oil exports from Italy are: Germany ($111M), Poland ($44.1M), Spain ($28.8M), France ($28.3M), and Romania ($14.7M).

The fastest growing export markets for Palm Oil of Italy between 2022 and 2023 were Poland ($16.4M), Germany ($15.5M), and Slovakia ($7.71M).

Imports In 2023, Italy imported $1.5B in Palm Oil, becoming the 6th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 89th most imported product in Italy. Italy imports Palm Oil primarily from: Indonesia ($732M), Malaysia ($460M), Spain ($74.9M), Honduras ($65.2M), and Netherlands ($60.2M).

The fastest growing import markets in Palm Oil for Italy between 2022 and 2023 were Malaysia ($52.1M), Spain ($42.1M), and Turkey ($8.65M).

Latest Trends

October 2024

About

Overview In October 2024 Italy's Palm Oil exports accounted up to €31.6M and imports accounted up to €95.4M, resulting in a negative trade balance of €63.8M. Between October 2023 and October 2024 the exports of Italy's   Palm Oil have increased by €4.73M (17.6%) from €26.9M to €31.6M, while imports increased by €4.79M (5.28%) from €90.6M to €95.4M.

Destinations In October 2024, Palm Oil were exported mostly to Germany (€8.85M), Poland (€6.61M), Belgium (€5.05M), France (€2.94M), and Romania (€2.23M), and were imported mostly from Indonesia (€46.5M), Malaysia (€23.7M), Honduras (€10.4M), Guatemala (€6.72M), and Netherlands (€4.91M).

Growth In October 2024, the increase in Palm Oil's year-by-year exports was explained primarily by an increase in exports to Germany (€3.42M or 60.6%), France (€1.84M or 329%), and Poland (€1.62M or 78.6%). In October 2024, the increase in Palm Oil's year-by-year imports was explained primarily by an increase in imports from Indonesia (€20.9M or 31.8%), Netherlands (€3.91M or 78.5%), and Spain (€3.7M or 1.44k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€4.73M(17.6%)
IMPORT GROWTH (October 2023 - October 2024)€4.79M(5.28%)
MAIN DESTINATION (October 2024)Germany€8.85M

This section shows Palm 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 Palm Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$284M
IMPORTS (2023)$1.5B
NET TRADE (2023)-$1.21B

In 2023, Italy exported $284M in Palm Oil. The main destinations of Italy exports on Palm Oil were Germany ($111M), Poland ($44.1M), Spain ($28.8M), France ($28.3M), and Romania ($14.7M).

In 2023, Italy imported $1.5B in Palm Oil, mainly from Indonesia ($732M), Malaysia ($460M), Spain ($74.9M), Honduras ($65.2M), and Netherlands ($60.2M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Italy WERE (2022 - 2023):
Poland$16.4M (59.2%)
Germany$15.5M (16.2%)
Slovakia$7.71M (294%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Italy WERE (2022 - 2023):
Iran-$8.1M (-100%)
Serbia-$6.53M (-37.7%)
Czechia-$3.25M (-62.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Palm Oil were:
Indonesia $24.8B
Malaysia $14B
Netherlands $1.12B
In 2023, Italy's main importing competitors in Palm Oil were:
India $8.7B
China $4.85B
Pakistan $2.86B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $6.87M
TOP IMPORT POTENTIALNetherlands+ $11.1M

Palm Oil’s highest export potential is France. With an export gap of $6.87M.   Palm Oil’s highest import potential is Netherlands with an import gap of $11.1M.

See methodology.

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