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2023
Exports $75.6MWorld Rnk 25 / 150
Flag Rnk 626 / 1216
2023
Destination $3.07M Germany
2022 - 2023
FASTEST GROWING MARKET $3.07MGreece
2023
PRODUCT COMPLEXITY IN Seed Oils-0.97Rnk 825 / 1025
2023
Imports $776MWorld Rnk 6 / 216
Flag Rnk 168 / 1213
2023
Origin $42M Ukraine
2022 - 2023
FASTEST GROWING ORIGIN $42MPoland
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $75.6M in Seed Oils, making it the 25th largest exporter of Seed Oils in the world. At the same year, Seed Oils was the 626th most exported product in Italy. The main destination of Seed Oils exports from Italy are: Germany ($8.31M), Spain ($6.73M), Greece ($6.43M), Austria ($6.34M), and France ($6.3M).

The fastest growing export markets for Seed Oils of Italy between 2022 and 2023 were Greece ($3.07M), Tanzania ($2.62M), and South Korea ($601k).

Imports In 2023, Italy imported $776M in Seed Oils, becoming the 6th largest importer of Seed Oils in the world. At the same year, Seed Oils was the 168th most imported product in Italy. Italy imports Seed Oils primarily from: Ukraine ($271M), Hungary ($201M), Poland ($60.5M), Bulgaria ($52.8M), and Slovenia ($41.3M).

The fastest growing import markets in Seed Oils for Italy between 2022 and 2023 were Poland ($42M), Hungary ($18.8M), and France ($13.5M).

Latest Trends

November 2024

About

Overview In November 2024 Italy's Seed Oils exports accounted up to €8.53M and imports accounted up to €83.2M, resulting in a negative trade balance of €74.7M. Between November 2023 and November 2024 the exports of Italy's   Seed Oils have increased by €2.6M (43.8%) from €5.93M to €8.53M, while imports increased by €43.9M (111%) from €39.4M to €83.2M.

Destinations In November 2024, Seed Oils were exported mostly to Tanzania (€2.06M), United States (€1.86M), Croatia (€1.22M), Germany (€814k), and France (€755k), and were imported mostly from Ukraine (€36.2M), Hungary (€27.3M), Slovenia (€6.66M), Poland (€5.49M), and Romania (€1.85M).

Growth In November 2024, the increase in Seed Oils's year-by-year exports was explained primarily by an increase in exports to Canada (€1.1M or 524%), Austria (€711k or 546%), and Netherlands (€648k or 151%). In November 2024, the increase in Seed Oils's year-by-year imports was explained primarily by an increase in imports from Hungary (€14.5M or 984%), France (€1.11M or 659%), and Bulgaria (€862k or 57.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€2.6M(43.8%)
IMPORT GROWTH (November 2023 - November 2024)€43.9M(111%)
MAIN DESTINATION (November 2024)Tanzania€2.06M

This section shows Seed Oils'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 Seed Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$75.6M
IMPORTS (2023)$776M
NET TRADE (2023)-$700M

In 2023, Italy exported $75.6M in Seed Oils. The main destinations of Italy exports on Seed Oils were Germany ($8.31M), Spain ($6.73M), Greece ($6.43M), Austria ($6.34M), and France ($6.3M).

In 2023, Italy imported $776M in Seed Oils, mainly from Ukraine ($271M), Hungary ($201M), Poland ($60.5M), Bulgaria ($52.8M), and Slovenia ($41.3M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Seed Oils EXPORT MARKETS FOR Italy WERE (2022 - 2023):
Greece$3.07M (91.4%)
Tanzania$2.62M (78.5%)
South Korea$601k (31.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Seed Oils BY Italy WERE (2022 - 2023):
Germany-$21.1M (-71.8%)
Spain-$13.4M (-66.6%)
United States-$8.28M (-68.5%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Seed Oils were:
Ukraine $5.26B
Russia $3.51B
Turkey $1.38B
In 2023, Italy's main importing competitors in Seed Oils were:
India $2.43B
China $1.62B
Turkey $1.47B

Explore Visualizations

Trade Value of Seed Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $9.93M
TOP IMPORT POTENTIALRussia+ $21.8M

Seed Oils’s highest export potential is France. With an export gap of $9.93M.   Seed Oils’s highest import potential is Russia with an import gap of $21.8M.

See methodology.

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