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2022
Exports $91MWorld Rnk 32 / 175
Flag Rnk 594 / 1217
2022
Destination $1.82M Germany
2021 - 2022
FASTEST GROWING MARKET $1.82MAustria
2022
PRODUCT COMPLEXITY IN Processed Crustaceans-1.65Rnk 967 / 1025
2022
Imports $702MWorld Rnk 8 / 224
Flag Rnk 187 / 1215
2022
Origin $9.2M Spain
2021 - 2022
FASTEST GROWING ORIGIN $9.2MTurkey
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $91M in Processed Crustaceans, making it the 32nd largest exporter of Processed Crustaceans in the world. At the same year, Processed Crustaceans was the 594th most exported product in Italy. The main destination of Processed Crustaceans exports from Italy are: Germany ($21.2M), France ($15.9M), Spain ($7.39M), Switzerland ($7.36M), and United Kingdom ($3.67M).

The fastest growing export markets for Processed Crustaceans of Italy between 2021 and 2022 were Austria ($1.82M), Bulgaria ($1.19M), and Portugal ($756k).

Imports In 2022, Italy imported $702M in Processed Crustaceans, becoming the 8th largest importer of Processed Crustaceans in the world. At the same year, Processed Crustaceans was the 187th most imported product in Italy. Italy imports Processed Crustaceans primarily from: Spain ($193M), Morocco ($139M), Vietnam ($43.1M), Indonesia ($38.8M), and Netherlands ($36.1M).

The fastest growing import markets in Processed Crustaceans for Italy between 2021 and 2022 were Turkey ($9.2M), Vietnam ($8.43M), and Indonesia ($5.56M).

COMPANIES In 2023, leading companies such as Wismettac Asian Foods (1) were at the forefront of shipping Processed Crustaceans from Italy to the United States.

Latest Trends

March 2024

About

Overview In March 2024 Italy's Processed Crustaceans exports accounted up to €5.44M and imports accounted up to €11.6M, resulting in a negative trade balance of €6.2M. Between March 2023 and March 2024 the exports of Italy's   Processed Crustaceans have decreased by €-289k (-5.05%) from €5.73M to €5.44M, while imports decreased by €-1.37M (-10.5%) from €13M to €11.6M.

Destinations In March 2024, Processed Crustaceans were exported mostly to France (€1.32M), Germany (€1.24M), United States (€999k), Switzerland (€353k), and Spain (€331k), and were imported mostly from Spain (€4.06M), Vietnam (€1.52M), Netherlands (€1.43M), Chile (€1.34M), and France (€701k).

Growth In March 2024, the decrease in Processed Crustaceans's year-by-year exports was explained primarily by a decrease in exports to Spain (€-294k or -79.5%), Switzerland (€-95.4k or -26.8%), and Ukraine (€-46.9k or -78.3%). In March 2024, the decrease in Processed Crustaceans's year-by-year imports was explained primarily by a decrease in imports from Turkey (€-1.05M or -71.6%), Vietnam (€-890k or -41.4%), and Netherlands (€-290k or -18.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)€-289k(-5.05%)
IMPORT GROWTH (March 2023 - March 2024)€-1.37M(-10.5%)
MAIN DESTINATION (March 2024)France€1.32M

This section shows Processed Crustaceans'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 Processed Crustaceans over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$91M
IMPORTS (2022)$702M
NET TRADE (2022)-$611M

In 2022, Italy exported $91M in Processed Crustaceans. The main destinations of Italy exports on Processed Crustaceans were Germany ($21.2M), France ($15.9M), Spain ($7.39M), Switzerland ($7.36M), and United Kingdom ($3.67M).

In 2022, Italy imported $702M in Processed Crustaceans, mainly from Spain ($193M), Morocco ($139M), Vietnam ($43.1M), Indonesia ($38.8M), and Netherlands ($36.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Processed Crustaceans EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Austria$1.82M (103%)
Bulgaria$1.19M (253%)
Portugal$756k (117%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Crustaceans BY Italy WERE (2021 - 2022):
Spain-$15.8M (-68.1%)
Germany-$2.88M (-12%)
United States-$1.77M (-35.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Processed Crustaceans were:
China $4.44B
Vietnam $2.42B
Indonesia $1.53B
In 2022, Italy's main importing competitors in Processed Crustaceans were:
United States $4.38B
Japan $2.15B
China $1.76B

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Trade Value of Processed Crustaceans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.11M
TOP IMPORT POTENTIALVietnam+ $6.35M

Processed Crustaceans’s highest export potential is United States. With an export gap of $4.11M.   Processed Crustaceans’s highest import potential is Vietnam with an import gap of $6.35M.

See methodology.

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