NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Exports $253MWorld Rnk 12 / 137
Flag Rnk 353 / 1216
2023
Destination $34.2M Algeria
2022 - 2023
FASTEST GROWING MARKET $34.2MAlgeria
2023
PRODUCT COMPLEXITY IN Soybean Oil-0.85Rnk 795 / 1025
2023
Imports $157MWorld Rnk 23 / 212
Flag Rnk 484 / 1213
2023
Origin $28.8M Argentina
2022 - 2023
FASTEST GROWING ORIGIN $28.8MArgentina
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $253M in Soybean Oil, making it the 12th largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 353rd most exported product in Italy. The main destination of Soybean Oil exports from Italy are: Algeria ($132M), Egypt ($27M), Tunisia ($21.3M), Spain ($15M), and United Kingdom ($12.6M).

The fastest growing export markets for Soybean Oil of Italy between 2022 and 2023 were Algeria ($34.2M), Tunisia ($10.2M), and United Kingdom ($7.26M).

Imports In 2023, Italy imported $157M in Soybean Oil, becoming the 23rd largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 484th most imported product in Italy. Italy imports Soybean Oil primarily from: Argentina ($51.4M), Spain ($30.9M), Germany ($25.7M), France ($21.9M), and Slovenia ($10M).

The fastest growing import markets in Soybean Oil for Italy between 2022 and 2023 were Argentina ($28.8M), France ($21.8M), and Germany ($15.9M).

Latest Trends

October 2024

About

Overview In October 2024 Italy's Soybean Oil exports accounted up to €25.4M and imports accounted up to €540k, resulting in a positive trade balance of €24.8M. Between October 2023 and October 2024 the exports of Italy's   Soybean Oil have decreased by €-778k (-2.98%) from €26.1M to €25.4M, while imports decreased by €-18.9M (-97.2%) from €19.5M to €540k.

Destinations In October 2024, Soybean Oil were exported mostly to Algeria (€11.5M), Egypt (€5.72M), Angola (€4.91M), Spain (€1.34M), and Belgium (€398k), and were imported mostly from Slovenia (€507k), Spain (€32.7k), and Netherlands (€261).

Growth In October 2024, the decrease in Soybean Oil's year-by-year exports was explained primarily by a decrease in exports to Spain (€-7.31M or -80.7%), United Kingdom (€-280k or -48.9%), and Netherlands (€-159k or -26.7%). In October 2024, the decrease in Soybean Oil's year-by-year imports was explained primarily by a decrease in imports from Germany (€-320k or -91.5%) and Romania (€-44.3k or -77.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€-778k(-2.98%)
IMPORT GROWTH (October 2023 - October 2024)€-18.9M(-97.2%)
MAIN DESTINATION (October 2024)Algeria€11.5M

This section shows Soybean Oil'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 Oil over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$253M
IMPORTS (2023)$157M
NET TRADE (2023)$95.8M

In 2023, Italy exported $253M in Soybean Oil. The main destinations of Italy exports on Soybean Oil were Algeria ($132M), Egypt ($27M), Tunisia ($21.3M), Spain ($15M), and United Kingdom ($12.6M).

In 2023, Italy imported $157M in Soybean Oil, mainly from Argentina ($51.4M), Spain ($30.9M), Germany ($25.7M), France ($21.9M), and Slovenia ($10M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Italy WERE (2022 - 2023):
Algeria$34.2M (34.9%)
Tunisia$10.2M (91.6%)
United Kingdom$7.26M (137%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Italy WERE (2022 - 2023):
Morocco-$33.2M (-80.7%)
Nepal-$8.03M (-100%)
Netherlands-$5.4M (-46.7%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Soybean Oil were:
Argentina $4.39B
Brazil $2.6B
Netherlands $608M
In 2023, Italy's main importing competitors in Soybean Oil were:
India $3.59B
China $772M
Bangladesh $694M

Explore Visualizations

Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $4.08M
TOP IMPORT POTENTIALArgentina+ $8.93M

Soybean Oil’s highest export potential is United Kingdom. With an export gap of $4.08M.   Soybean Oil’s highest import potential is Argentina with an import gap of $8.93M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms