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2022
Exports $141MWorld Rnk 17 / 124
Flag Rnk 503 / 1217
2022
Destination $20.1M Germany
2021 - 2022
FASTEST GROWING MARKET $20.1MGreece
2022
PRODUCT COMPLEXITY IN Soybean Meal-1.24Rnk 894 / 1025
2022
Imports $794MWorld Rnk 12 / 174
Flag Rnk 167 / 1215
2022
Origin $136M Argentina
2021 - 2022
FASTEST GROWING ORIGIN $136MArgentina
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $141M in Soybean Meal, making it the 17th largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 503rd most exported product in Italy. The main destination of Soybean Meal exports from Italy are: Germany ($36.7M), Austria ($28.2M), Greece ($20.5M), Hungary ($16.2M), and Switzerland ($15.6M).

The fastest growing export markets for Soybean Meal of Italy between 2021 and 2022 were Greece ($20.1M), Hungary ($7.87M), and Switzerland ($7.02M).

Imports In 2022, Italy imported $794M in Soybean Meal, becoming the 12th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 167th most imported product in Italy. Italy imports Soybean Meal primarily from: Argentina ($565M), Brazil ($155M), Slovenia ($34.3M), Paraguay ($18.6M), and Spain ($8.99M).

The fastest growing import markets in Soybean Meal for Italy between 2021 and 2022 were Argentina ($136M), Slovenia ($21.3M), and Netherlands ($3.24M).

Latest Trends

August 2024

About

Overview In August 2024 Italy's Soybean Meal exports accounted up to €3.99M and imports accounted up to €65.2M, resulting in a negative trade balance of €61.2M. Between August 2023 and August 2024 the exports of Italy's   Soybean Meal have decreased by €-1.83M (-31.5%) from €5.82M to €3.99M, while imports increased by €14.9M (29.5%) from €50.3M to €65.2M.

Destinations In August 2024, Soybean Meal were exported mostly to Germany (€1.45M), Switzerland (€1.22M), Austria (€711k), Netherlands (€309k), and Spain (€124k), and were imported mostly from Argentina (€46.2M), Brazil (€15.2M), Benin (€1.69M), Paraguay (€1.53M), and Netherlands (€293k).

Growth In August 2024, the decrease in Soybean Meal's year-by-year exports was explained primarily by a decrease in exports to Germany (€-2.57M or -43.2%), Netherlands (€-1.35M or -88.2%), and Austria (€-743k or -21.1%). In August 2024, the increase in Soybean Meal's year-by-year imports was explained primarily by an increase in imports from Brazil (€16.3M or 529%), Slovenia (€8.75M or 1.03k%), and Argentina (€1.81M or 4.35%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-1.83M(-31.5%)
IMPORT GROWTH (August 2023 - August 2024)€14.9M(29.5%)
MAIN DESTINATION (August 2024)Germany€1.45M

This section shows Soybean Meal'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 Soybean Meal over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$141M
IMPORTS (2022)$794M
NET TRADE (2022)-$653M

In 2022, Italy exported $141M in Soybean Meal. The main destinations of Italy exports on Soybean Meal were Germany ($36.7M), Austria ($28.2M), Greece ($20.5M), Hungary ($16.2M), and Switzerland ($15.6M).

In 2022, Italy imported $794M in Soybean Meal, mainly from Argentina ($565M), Brazil ($155M), Slovenia ($34.3M), Paraguay ($18.6M), and Spain ($8.99M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Greece$20.1M (5.46k%)
Hungary$7.87M (94.8%)
Switzerland$7.02M (81.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY Italy WERE (2021 - 2022):
Iran-$18.4M (-100%)
Croatia-$7.18M (-67.8%)
Austria-$4.1M (-12.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Soybean Meal were:
Argentina $12B
Brazil $10.4B
United States $5.2B
In 2022, Italy's main importing competitors in Soybean Meal were:
Indonesia $2.92B
Vietnam $2.5B
Germany $1.71B

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Trade Value of Soybean Meal by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $7.53M
TOP IMPORT POTENTIALBrazil+ $54.2M

Soybean Meal’s highest export potential is Germany. With an export gap of $7.53M.   Soybean Meal’s highest import potential is Brazil with an import gap of $54.2M.

See methodology.

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