2022
Exports
$96.6MWorld Rnk 12 / 175
Flag Rnk 582 / 1217
2022
PRODUCT COMPLEXITY IN Soups and Broths
-0.5Rnk 704 / 1025
2022
Imports
$77.7MWorld Rnk 12 / 223
Flag Rnk 656 / 1215
2022
ECONOMIC COMPLEXITY of Italy
1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $96.6M in Soups and Broths, making it the 12th largest exporter of Soups and Broths in the world. At the same year, Soups and Broths was the 582nd most exported product in Italy. The main destination of Soups and Broths exports from Italy are: United Kingdom ($26.2M), Germany ($23.9M), France ($10.7M), Spain ($5.63M), and United States ($3.34M).

The fastest growing export markets for Soups and Broths of Italy between 2021 and 2022 were Germany ($8.28M), United Kingdom ($4.61M), and Australia ($1.06M).

Imports In 2022, Italy imported $77.7M in Soups and Broths, becoming the 12th largest importer of Soups and Broths in the world. At the same year, Soups and Broths was the 656th most imported product in Italy. Italy imports Soups and Broths primarily from: Poland ($24.6M), Germany ($20.7M), Spain ($6.67M), Portugal ($6.17M), and Netherlands ($5.31M).

The fastest growing import markets in Soups and Broths for Italy between 2021 and 2022 were Poland ($10.3M), Netherlands ($3.39M), and Germany ($1.24M).

COMPANIES In 2023, leading companies such as Prime Line Coffee (13), Victaulic (2), and ABB Motors and Mechanical (1) were at the forefront of shipping Soups and Broths from Italy to the United States.

Latest Trends

March 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)€-2.04M(-20.6%)
IMPORT GROWTH (March 2023 - March 2024)€-978k(-24.9%)
MAIN DESTINATION (March 2024)Germany€2.4M

This section shows Soups and Broths'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 Soups and Broths over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$96.6M
IMPORTS (2022)$77.7M
NET TRADE (2022)$18.9M

In 2022, Italy exported $96.6M in Soups and Broths. The main destinations of Italy exports on Soups and Broths were United Kingdom ($26.2M), Germany ($23.9M), France ($10.7M), Spain ($5.63M), and United States ($3.34M).

In 2022, Italy imported $77.7M in Soups and Broths, mainly from Poland ($24.6M), Germany ($20.7M), Spain ($6.67M), Portugal ($6.17M), and Netherlands ($5.31M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soups and Broths EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Germany$8.28M (53%)
United Kingdom$4.61M (21.4%)
Australia$1.06M (129%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soups and Broths BY Italy WERE (2021 - 2022):
United States-$2.18M (-39.5%)
Russia-$1.61M (-84.8%)
Canada-$995k (-61%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Soups and Broths were:
In 2022, Italy's main importing competitors in Soups and Broths were:

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Trade Value of Soups and Broths by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $3.64M
TOP IMPORT POTENTIALFrance+ $1.86M

Soups and Broths’s highest export potential is France. With an export gap of $3.64M.   Soups and Broths’s highest import potential is France with an import gap of $1.86M.

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