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2022
Exports $194MWorld Rnk 9 / 123
Flag Rnk 434 / 1217
2022
Destination $5.66M Germany
2021 - 2022
FASTEST GROWING MARKET $5.66MUnited States
2022
PRODUCT COMPLEXITY IN Petroleum Resins1.53Rnk 46 / 1025
2022
Imports $432MWorld Rnk 4 / 197
Flag Rnk 266 / 1215
2022
Origin $7.24M Germany
2021 - 2022
FASTEST GROWING ORIGIN $7.24MChina
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $194M in Petroleum Resins, making it the 9th largest exporter of Petroleum Resins in the world. At the same year, Petroleum Resins was the 434th most exported product in Italy. The main destination of Petroleum Resins exports from Italy are: Germany ($29.8M), United States ($16.3M), China ($13.1M), Spain ($12.5M), and Turkey ($10.7M).

The fastest growing export markets for Petroleum Resins of Italy between 2021 and 2022 were United States ($5.66M), Germany ($3.56M), and Spain ($2.1M).

Imports In 2022, Italy imported $432M in Petroleum Resins, becoming the 4th largest importer of Petroleum Resins in the world. At the same year, Petroleum Resins was the 266th most imported product in Italy. Italy imports Petroleum Resins primarily from: Germany ($144M), France ($103M), Belgium ($47.8M), China ($43.8M), and Netherlands ($25.2M).

The fastest growing import markets in Petroleum Resins for Italy between 2021 and 2022 were China ($7.24M), Belgium ($6M), and Germany ($3.31M).

Latest Trends

March 2024

About

Overview In March 2024 Italy's Petroleum Resins exports accounted up to €16.5M and imports accounted up to €33.2M, resulting in a negative trade balance of €16.8M. Between March 2023 and March 2024 the exports of Italy's   Petroleum Resins have decreased by €-226k (-1.35%) from €16.7M to €16.5M, while imports decreased by €-1.82M (-5.18%) from €35.1M to €33.2M.

Destinations In March 2024, Petroleum Resins were exported mostly to Germany (€3.33M), China (€1.94M), United States (€1.06M), Israel (€1.05M), and Belgium (€1.01M), and were imported mostly from Germany (€12M), France (€7.75M), Belgium (€5.11M), China (€3.74M), and Netherlands (€1.54M).

Growth In March 2024, the decrease in Petroleum Resins's year-by-year exports was explained primarily by a decrease in exports to Netherlands (€-396k or -62.2%), Germany (€-361k or -15.3%), and United Kingdom (€-259k or -36.7%). In March 2024, the decrease in Petroleum Resins's year-by-year imports was explained primarily by a decrease in imports from France (€-3.21M or -34.9%), Germany (€-1.57M or -11.5%), and Japan (€-1.51M or -87.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)€-226k(-1.35%)
IMPORT GROWTH (March 2023 - March 2024)€-1.82M(-5.18%)
MAIN DESTINATION (March 2024)Germany€3.33M

This section shows Petroleum Resins'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 Petroleum Resins over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$194M
IMPORTS (2022)$432M
NET TRADE (2022)-$238M

In 2022, Italy exported $194M in Petroleum Resins. The main destinations of Italy exports on Petroleum Resins were Germany ($29.8M), United States ($16.3M), China ($13.1M), Spain ($12.5M), and Turkey ($10.7M).

In 2022, Italy imported $432M in Petroleum Resins, mainly from Germany ($144M), France ($103M), Belgium ($47.8M), China ($43.8M), and Netherlands ($25.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Resins EXPORT MARKETS FOR Italy WERE (2021 - 2022):
United States$5.66M (53%)
Germany$3.56M (13.5%)
Spain$2.1M (20.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Resins BY Italy WERE (2021 - 2022):
Russia-$1.58M (-29.7%)
China-$1.2M (-8.38%)
United Kingdom-$1.18M (-16.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Italy's main exporting competitors in Petroleum Resins were:
United States $1.31B
China $1.28B
Germany $1.24B
In 2022, Italy's main importing competitors in Petroleum Resins were:
China $901M
United States $662M
Germany $510M

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Trade Value of Petroleum Resins by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $8.04M
TOP IMPORT POTENTIALChina+ $13.2M

Petroleum Resins’s highest export potential is China. With an export gap of $8.04M.   Petroleum Resins’s highest import potential is China with an import gap of $13.2M.

See methodology.

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