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2022
Exports $24.3MWorld Rnk 33 / 139
Flag Rnk 840 / 1217
2022
Destination $1.46M France
2021 - 2022
FASTEST GROWING MARKET $1.46MCroatia
2022
PRODUCT COMPLEXITY IN Soybeans-1.62Rnk 963 / 1025
2022
Imports $1.08BWorld Rnk 16 / 200
Flag Rnk 130 / 1215
2022
Origin $60.2M Brazil
2021 - 2022
FASTEST GROWING ORIGIN $60.2MCanada
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $24.3M in Soybeans, making it the 33rd largest exporter of Soybeans in the world. At the same year, Soybeans was the 840th most exported product in Italy. The main destination of Soybeans exports from Italy are: France ($3.76M), Netherlands ($3.27M), Croatia ($2.09M), Romania ($2.09M), and Sweden ($1.84M).

The fastest growing export markets for Soybeans of Italy between 2021 and 2022 were Croatia ($1.46M), Romania ($440k), and Spain ($394k).

Imports In 2022, Italy imported $1.08B in Soybeans, becoming the 16th largest importer of Soybeans in the world. At the same year, Soybeans was the 130th most imported product in Italy. Italy imports Soybeans primarily from: Brazil ($328M), United States ($303M), Canada ($233M), Ukraine ($76.8M), and Romania ($27.6M).

The fastest growing import markets in Soybeans for Italy between 2021 and 2022 were Canada ($60.2M), United States ($48.2M), and Ukraine ($15.7M).

Latest Trends

September 2024

About

Overview In September 2024 Italy's Soybeans exports accounted up to €824k and imports accounted up to €87.8M, resulting in a negative trade balance of €86.9M. Between September 2023 and September 2024 the exports of Italy's   Soybeans have decreased by €-308k (-27.2%) from €1.13M to €824k, while imports increased by €8.95M (11.4%) from €78.8M to €87.8M.

Destinations In September 2024, Soybeans were exported mostly to France (€207k), Slovakia (€144k), Spain (€99.3k), Slovenia (€79.8k), and Netherlands (€70.8k), and were imported mostly from Brazil (€77.7M), Romania (€4.25M), Slovenia (€2.99M), Ukraine (€1.37M), and Austria (€652k).

Growth In September 2024, the decrease in Soybeans's year-by-year exports was explained primarily by a decrease in exports to Hungary (€-194k or -99.9%), Netherlands (€-165k or -47.8%), and Sweden (€-75.8k or -38.6%). In September 2024, the increase in Soybeans's year-by-year imports was explained primarily by an increase in imports from United States (€30.5M or 77.2%), Ukraine (€11.8M or 250%), and Slovenia (€3.18M or 130k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)€-308k(-27.2%)
IMPORT GROWTH (September 2023 - September 2024)€8.95M(11.4%)
MAIN DESTINATION (September 2024)France€207k

This section shows Soybeans'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 Soybeans over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$24.3M
IMPORTS (2022)$1.08B
NET TRADE (2022)-$1.05B

In 2022, Italy exported $24.3M in Soybeans. The main destinations of Italy exports on Soybeans were France ($3.76M), Netherlands ($3.27M), Croatia ($2.09M), Romania ($2.09M), and Sweden ($1.84M).

In 2022, Italy imported $1.08B in Soybeans, mainly from Brazil ($328M), United States ($303M), Canada ($233M), Ukraine ($76.8M), and Romania ($27.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Croatia$1.46M (231%)
Romania$440k (26.7%)
Spain$394k (196%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Italy WERE (2021 - 2022):
Denmark-$2.4M (-68.2%)
Austria-$1.81M (-50.5%)
Sweden-$1.62M (-46.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Soybeans were:
Brazil $47.2B
United States $34.6B
Argentina $3.25B
In 2022, Italy's main importing competitors in Soybeans were:
China $54.1B
Mexico $4.08B
Japan $2.47B

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Trade Value of Soybeans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.99M
TOP IMPORT POTENTIALUnited States+ $83M

Soybeans’s highest export potential is Germany. With an export gap of $1.99M.   Soybeans’s highest import potential is United States with an import gap of $83M.

See methodology.

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