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2022
Exports $161MWorld Rnk 20 / 152
Flag Rnk 474 / 1217
2022
Destination $15M Germany
2021 - 2022
FASTEST GROWING MARKET $15MGermany
2022
PRODUCT COMPLEXITY IN Seed Oils-0.99Rnk 836 / 1025
2022
Imports $940MWorld Rnk 5 / 211
Flag Rnk 144 / 1215
2022
Origin $67.9M Ukraine
2021 - 2022
FASTEST GROWING ORIGIN $67.9MMoldova
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $161M in Seed Oils, making it the 20th largest exporter of Seed Oils in the world. At the same year, Seed Oils was the 474th most exported product in Italy. The main destination of Seed Oils exports from Italy are: Germany ($28.5M), Spain ($21.7M), France ($16.3M), Netherlands ($12.5M), and United States ($11.2M).

The fastest growing export markets for Seed Oils of Italy between 2021 and 2022 were Germany ($15M), Spain ($9.58M), and United States ($8.44M).

Imports In 2022, Italy imported $940M in Seed Oils, becoming the 5th largest importer of Seed Oils in the world. At the same year, Seed Oils was the 144th most imported product in Italy. Italy imports Seed Oils primarily from: Ukraine ($328M), Hungary ($165M), Bulgaria ($145M), Moldova ($91.2M), and Romania ($41.8M).

The fastest growing import markets in Seed Oils for Italy between 2021 and 2022 were Moldova ($67.9M), Hungary ($25.3M), and Romania ($21M).

Latest Trends

July 2024

About

Overview In July 2024 Italy's Seed Oils exports accounted up to €4.03M and imports accounted up to €47M, resulting in a negative trade balance of €43M. Between July 2023 and July 2024 the exports of Italy's   Seed Oils have decreased by €-3.25M (-44.7%) from €7.28M to €4.03M, while imports increased by €1.68M (3.7%) from €45.3M to €47M.

Destinations In July 2024, Seed Oils were exported mostly to Germany (€947k), France (€675k), United States (€443k), Netherlands (€321k), and United Kingdom (€179k), and were imported mostly from Hungary (€21.2M), Slovenia (€10.2M), Ukraine (€5.07M), Netherlands (€2.96M), and Poland (€2.89M).

Growth In July 2024, the decrease in Seed Oils's year-by-year exports was explained primarily by a decrease in exports to Germany (€-750k or -46.9%), France (€-184k or -34.5%), and Hungary (€-98.3k or -99.3%). In July 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 (July 2023 - July 2024)€-3.25M(-44.7%)
IMPORT GROWTH (July 2023 - July 2024)€1.68M(3.7%)
MAIN DESTINATION (July 2024)Germany€947k

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 (2022)$161M
IMPORTS (2022)$940M
NET TRADE (2022)-$780M

In 2022, Italy exported $161M in Seed Oils. The main destinations of Italy exports on Seed Oils were Germany ($28.5M), Spain ($21.7M), France ($16.3M), Netherlands ($12.5M), and United States ($11.2M).

In 2022, Italy imported $940M in Seed Oils, mainly from Ukraine ($328M), Hungary ($165M), Bulgaria ($145M), Moldova ($91.2M), and Romania ($41.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Seed Oils EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Germany$15M (111%)
Spain$9.58M (79.2%)
United States$8.44M (300%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Seed Oils BY Italy WERE (2021 - 2022):
Madagascar-$4.57M (-100%)
Cyprus-$1.12M (-18.8%)
Malaysia-$1.02M (-78.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Seed Oils were:
Ukraine $5.54B
Russia $3.01B
Turkey $1.88B
In 2022, Italy's main importing competitors in Seed Oils were:
India $2.88B
Turkey $1.84B
Netherlands $1.26B

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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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