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2022
Exports $17MWorld Rnk 28 / 194
Flag Rnk 903 / 1217
2022
Destination $344k Germany
2021 - 2022
FASTEST GROWING MARKET $344kUnited States
2022
PRODUCT COMPLEXITY IN Spices-1.63Rnk 964 / 1025
2022
Imports $41.6MWorld Rnk 19 / 223
Flag Rnk 782 / 1215
2022
Origin $5.46M Spain
2021 - 2022
FASTEST GROWING ORIGIN $5.46MSpain
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

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: Spain ($10.5M), Germany ($5.49M), Iran ($5.1M), Netherlands ($4.93M), and China ($2.33M).

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

March 2024

About

Overview In March 2024 Italy's Spices exports accounted up to €1.56M and imports accounted up to €3.61M, resulting in a negative trade balance of €2.05M. Between March 2023 and March 2024 the exports of Italy's   Spices have increased by €158k (11.3%) from €1.4M to €1.56M, while imports decreased by €-635k (-15%) from €4.25M to €3.61M.

Destinations In March 2024, Spices were exported mostly to Germany (€284k), Netherlands (€179k), France (€166k), Spain (€123k), and Poland (€80.3k), and were imported mostly from Spain (€1.36M), Germany (€680k), Netherlands (€592k), France (€237k), and Greece (€149k).

Growth In March 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 March 2024, the decrease in Spices's year-by-year imports was explained primarily by a decrease in imports from Germany (€-211k or -33.1%), Peru (€-67.2k or -46.1%), and Greece (€-57.1k or -94.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)€158k(11.3%)
IMPORT GROWTH (March 2023 - March 2024)€-635k(-15%)
MAIN DESTINATION (March 2024)Germany€284k

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
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).

In 2022, Italy imported $41.6M in Spices, mainly from Spain ($10.5M), Germany ($5.49M), Iran ($5.1M), Netherlands ($4.93M), and China ($2.33M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Spices EXPORT MARKETS FOR Italy WERE (2021 - 2022):
United States$344k (46.9%)
United Arab Emirates$243k (773%)
United Kingdom$154k (20.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spices BY Italy WERE (2021 - 2022):
Germany-$690k (-23.7%)
Spain-$612k (-36.5%)
France-$383k (-15.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Spices were:
India $538M
China $518M
Netherlands $203M
In 2022, Italy's main importing competitors in Spices were:
United States $364M
Germany $211M
Netherlands $167M

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Trade Value of Spices by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $1.08M
TOP IMPORT POTENTIALChina+ $2.06M

Spices’s highest export potential is France. With an export gap of $1.08M.   Spices’s highest import potential is China with an import gap of $2.06M.

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