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Pricing

2022
Exports | Imports $24.6B | $12.3BWorld Rnk 13 / 214
Flag Rnk 2 / 1217
World Rnk 24 / 225
Flag Rnk 5 / 1215
2021 - 2022
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN $1.19B | $1.42BSlovenia |  Saudi Arabia
2022
ECONOMIC COMPLEXITY of Italy1.24Rnk 18 / 124
2022
PRODUCT COMPLEXITY IN Refined Petroleum-0.87Rnk 800 / 1025

About

The fastest growing export markets for Refined Petroleum of Italy between 2021 and 2022 were Slovenia ($1.19B), Croatia ($1.15B), and United States ($1.04B).

Imports In 2022, Italy imported $12.3B in Refined Petroleum, becoming the 24th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 5th most imported product in Italy. Italy imports Refined Petroleum primarily from: Saudi Arabia ($3.39B), Russia ($2.03B), Greece ($957M), Spain ($790M), and United Arab Emirates ($646M).

The fastest growing import markets in Refined Petroleum for Italy between 2021 and 2022 were Saudi Arabia ($1.42B), Slovenia ($415M), and Kuwait ($296M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Refined Petroleum from Italy to the United States.

Latest Trends

Feb 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Refined Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$24.6B
IMPORTS (2022)$12.3B
NET TRADE (2022)$12.3B

In 2022, Italy imported $12.3B in Refined Petroleum, mainly from Saudi Arabia ($3.39B), Russia ($2.03B), Greece ($957M), Spain ($790M), and United Arab Emirates ($646M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Slovenia$1.19B (298%)
Croatia$1.15B (249%)
United States$1.04B (57.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Italy WERE (2021 - 2022):
Nigeria-$263M (-63%)
South Africa-$192M (-44%)
Malta-$160M (-38.7%)
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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 Refined Petroleum were:
United States $138B
India $86.2B
Netherlands $68.1B
In 2022, Italy's main importing competitors in Refined Petroleum were:
United States $81.7B
Singapore $58.5B
Netherlands $51.1B

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Trade Value of Refined Petroleum by Exporters

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