Spices in Italy | The Observatory of Economic Complexity

About

Exports In 2022, Italy exported $17M in Spices, making it the 28th largest exporter of Spices in the world. At the same year, Spices was the 903rd most exported product in Italy. The main destination of Spices exports from Italy are: Germany ($2.22M), France ($2.07M), Netherlands ($1.22M), United States ($1.08M), and Spain ($1.06M).

The fastest growing export markets for Spices of Italy between 2021 and 2022 were United States ($344k), United Arab Emirates ($243k), and United Kingdom ($154k).

Imports In 2022, Italy imported $41.6M in Spices, becoming the 19th largest importer of Spices in the world. At the same year, Spices was the 782nd most imported product in Italy. Italy imports Spices primarily from: N/A.

The fastest growing import markets in Spices for Italy between 2021 and 2022 were Spain ($5.46M), Iran ($2.31M), and Turkey ($900k).

COMPANIES In 2023, leading companies such as Magna International (2) were at the forefront of shipping Spices from Italy to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Italy's Spices exports accounted up to €1.14M and imports accounted up to €3.37M, resulting in a negative trade balance of €2.23M. Between July 2023 and July 2024 the exports of Italy's Spices have increased by €136k (13.5%) from €1.01M to €1.14M, while imports increased by €1.09M (47.8%) from €2.28M to €3.37M.

Destinations In July 2024, Spices were exported mostly to Switzerland (€201k), Germany (€156k), France (€153k), Netherlands (€94.3k), and Spain (€69.4k), and were imported mostly from Germany (€798k), Spain (€735k), Netherlands (€633k), France (€376k), and Indonesia (€350k).

Growth In July 2024, the increase in Spices's year-by-year exports was explained primarily by an increase in exports to Austria (€70.5k or 150%), United States (€21.4k or 67.3%), and Czechia (€21.1k or 254%). In July 2024, the increase in Spices's year-by-year imports was explained primarily by an increase in imports from Spain (€1.38M or 223%), France (€121k or 239%), and Indonesia (€43.8k or 23.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2023 - July 2024)€136k(13.5%)

IMPORT GROWTH (July 2023 - July 2024)€1.09M(47.8%)

MAIN DESTINATION (July 2024)Switzerland€201k

This section shows Spices'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 Spices over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$17M

IMPORTS (2022)$41.6M

NET TRADE (2022)-$24.7M

In 2022, Italy exported $17M in Spices. The main destinations of Italy exports on Spices were Germany ($2.22M), France ($2.07M), Netherlands ($1.22M), United States ($1.08M), and Spain ($1.06M).

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