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2023
Exports $2.38BWorld Rnk 3 / 196
Flag Rnk 59 / 1216
2023
Destination $204M United States
2022 - 2023
FASTEST GROWING MARKET $204MUnited States
2023
PRODUCT COMPLEXITY IN Perfumes-0.011Rnk 562 / 1025
2023
Imports $793MWorld Rnk 8 / 222
Flag Rnk 163 / 1213
2023
Origin $77.6M France
2022 - 2023
FASTEST GROWING ORIGIN $77.6MSpain
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $2.38B in Perfumes, making it the 3rd largest exporter of Perfumes in the world. At the same year, Perfumes was the 59th most exported product in Italy. The main destination of Perfumes exports from Italy are: United States ($552M), Germany ($198M), United Arab Emirates ($167M), Hong Kong ($109M), and United Kingdom ($105M).

The fastest growing export markets for Perfumes of Italy between 2022 and 2023 were United States ($204M), Germany ($61.2M), and Spain ($42.9M).

Imports In 2023, Italy imported $793M in Perfumes, becoming the 8th largest importer of Perfumes in the world. At the same year, Perfumes was the 163rd most imported product in Italy. Italy imports Perfumes primarily from: France ($389M), Spain ($215M), Netherlands ($58.7M), Germany ($50M), and Czechia ($23.9M).

The fastest growing import markets in Perfumes for Italy between 2022 and 2023 were Spain ($77.6M), France ($33.4M), and Netherlands ($7.19M).

Latest Trends

October 2024

About

Overview In October 2024 Italy's Perfumes exports accounted up to €214M and imports accounted up to €100M, resulting in a positive trade balance of €114M. Between October 2023 and October 2024 the exports of Italy's   Perfumes have increased by €41.2M (23.9%) from €173M to €214M, while imports increased by €16.3M (19.4%) from €84M to €100M.

Destinations In October 2024, Perfumes were exported mostly to United States (€38.2M), Germany (€22.6M), Spain (€15.6M), United Arab Emirates (€15.2M), and Netherlands (€12.7M), and were imported mostly from France (€47.9M), Spain (€31.8M), Netherlands (€6.99M), Germany (€3.2M), and Poland (€1.64M).

Growth In October 2024, the increase in Perfumes's year-by-year exports was explained primarily by an increase in exports to N/A. In October 2024, the increase in Perfumes's year-by-year imports was explained primarily by an increase in imports from France (€4.71M or 18.9%), Spain (€4.63M or 56.6%), and Czechia (€3.86M or 75.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€41.2M(23.9%)
IMPORT GROWTH (October 2023 - October 2024)€16.3M(19.4%)
MAIN DESTINATION (October 2024)United States€38.2M

This section shows Perfumes'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 Perfumes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.38B
IMPORTS (2023)$793M
NET TRADE (2023)$1.59B

In 2023, Italy exported $2.38B in Perfumes. The main destinations of Italy exports on Perfumes were United States ($552M), Germany ($198M), United Arab Emirates ($167M), Hong Kong ($109M), and United Kingdom ($105M).

In 2023, Italy imported $793M in Perfumes, mainly from France ($389M), Spain ($215M), Netherlands ($58.7M), Germany ($50M), and Czechia ($23.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Perfumes EXPORT MARKETS FOR Italy WERE (2022 - 2023):
United States$204M (58.7%)
Germany$61.2M (44.7%)
Spain$42.9M (73.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Perfumes BY Italy WERE (2022 - 2023):
China-$31.2M (-34.6%)
Netherlands-$6.96M (-8.16%)
Czechia-$2.34M (-4.38%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Perfumes were:
France $10.4B
Spain $3.67B
In 2023, Italy's main importing competitors in Perfumes were:
United States $4.27B
Germany $2.1B
Netherlands $1.43B

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Trade Value of Perfumes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $29.5M
TOP IMPORT POTENTIALFrance+ $54.4M

Perfumes’s highest export potential is France. With an export gap of $29.5M.   Perfumes’s highest import potential is France with an import gap of $54.4M.

See methodology.

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