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2022
Exports $1.58BWorld Rnk 4 / 202
Flag Rnk 101 / 1217
2022
Destination $80.5M United States
2021 - 2022
FASTEST GROWING MARKET $80.5MUnited States
2022
PRODUCT COMPLEXITY IN Perfumes-0.14Rnk 594 / 1025
2022
Imports $709MWorld Rnk 8 / 222
Flag Rnk 183 / 1215
2022
Origin $39.1M France
2021 - 2022
FASTEST GROWING ORIGIN $39.1MSpain
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $1.58B in Perfumes, making it the 4th largest exporter of Perfumes in the world. At the same year, Perfumes was the 101st most exported product in Italy. The main destination of Perfumes exports from Italy are: United States ($229M), Germany ($159M), United Arab Emirates ($137M), Hong Kong ($96M), and Netherlands ($79.1M).

The fastest growing export markets for Perfumes of Italy between 2021 and 2022 were United States ($80.5M), United Arab Emirates ($34.6M), and China ($23.8M).

Imports In 2022, Italy imported $709M in Perfumes, becoming the 8th largest importer of Perfumes in the world. At the same year, Perfumes was the 183rd most imported product in Italy. Italy imports Perfumes primarily from: France ($328M), Spain ($135M), Czechia ($82.1M), Germany ($63.4M), and Netherlands ($46.4M).

The fastest growing import markets in Perfumes for Italy between 2021 and 2022 were Spain ($39.1M), France ($32.2M), and Czechia ($30.3M).

Latest Trends

August 2024

About

Overview In August 2024 Italy's Perfumes exports accounted up to €175M and imports accounted up to €72.2M, resulting in a positive trade balance of €103M. Between August 2023 and August 2024 the exports of Italy's   Perfumes have increased by €12.7M (7.81%) from €162M to €175M, while imports increased by €18.2M (33.6%) from €54M to €72.2M.

Destinations In August 2024, Perfumes were exported mostly to United States (€33.6M), Germany (€17M), Russia (€14.5M), Spain (€14.5M), and United Arab Emirates (€13.4M), and were imported mostly from France (€41.9M), Spain (€19.1M), Netherlands (€3.39M), Germany (€1.91M), and Poland (€1.24M).

Growth In August 2024, the increase in Perfumes's year-by-year exports was explained primarily by an increase in exports to United States (€11.3M or 121%), Germany (€9.76M or 122%), and Spain (€2.57M or 79.2%). In August 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 (August 2023 - August 2024)€12.7M(7.81%)
IMPORT GROWTH (August 2023 - August 2024)€18.2M(33.6%)
MAIN DESTINATION (August 2024)United States€33.6M

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 (2022)$1.58B
IMPORTS (2022)$709M
NET TRADE (2022)$872M

In 2022, Italy exported $1.58B in Perfumes. The main destinations of Italy exports on Perfumes were United States ($229M), Germany ($159M), United Arab Emirates ($137M), Hong Kong ($96M), and Netherlands ($79.1M).

In 2022, Italy imported $709M in Perfumes, mainly from France ($328M), Spain ($135M), Czechia ($82.1M), Germany ($63.4M), and Netherlands ($46.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Perfumes EXPORT MARKETS FOR Italy WERE (2021 - 2022):
United States$80.5M (54.1%)
United Arab Emirates$34.6M (33.8%)
China$23.8M (55.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Perfumes BY Italy WERE (2021 - 2022):
Hong Kong-$42M (-30.4%)
Ukraine-$3.89M (-61%)
Russia-$3.2M (-10.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Perfumes were:
France $7.24B
Spain $2.58B
Germany $1.67B
In 2022, Italy's main importing competitors in Perfumes were:
United States $2.82B
Germany $1.68B
United Kingdom $1.23B

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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.

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