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2022
Exports $887kWorld Rnk 27 / 121
Flag Rnk 1172 / 1217
2022
Destination $219k Germany
2021 - 2022
FASTEST GROWING MARKET $219kGermany
2022
PRODUCT COMPLEXITY IN Vanilla-1.9Rnk 988 / 1025
2022
Imports $12.1MWorld Rnk 11 / 198
Flag Rnk 996 / 1215
2022
Origin $630k France
2021 - 2022
FASTEST GROWING ORIGIN $630kMadagascar
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $887k in Vanilla, making it the 27th largest exporter of Vanilla in the world. At the same year, Vanilla was the 1172nd most exported product in Italy. The main destination of Vanilla exports from Italy are: Germany ($236k), Hungary ($166k), Brazil ($92.8k), Canada ($51.3k), and Romania ($51k).

The fastest growing export markets for Vanilla of Italy between 2021 and 2022 were Germany ($219k), Hungary ($134k), and United States ($36.4k).

Imports In 2022, Italy imported $12.1M in Vanilla, becoming the 11th largest importer of Vanilla in the world. At the same year, Vanilla was the 996th most imported product in Italy. Italy imports Vanilla primarily from: France ($6.31M), Germany ($2.63M), Madagascar ($2.51M), Romania ($305k), and Netherlands ($144k).

The fastest growing import markets in Vanilla for Italy between 2021 and 2022 were Madagascar ($630k), Romania ($104k), and Australia ($39.5k).

Latest Trends

March 2024

About

Overview In March 2024 Italy's Vanilla exports accounted up to €170k and imports accounted up to €798k, resulting in a negative trade balance of €628k. Between March 2023 and March 2024 the exports of Italy's   Vanilla have increased by €99.1k (140%) from €70.9k to €170k, while imports increased by €20.1k (2.59%) from €778k to €798k.

Destinations In March 2024, Vanilla were exported mostly to Germany (€136k), Netherlands (€23.5k), Spain (€5.21k), Poland (€2.1k), and United Kingdom (€1.02k), and were imported mostly from France (€607k), Germany (€160k), Romania (€10.9k), Spain (€8.36k), and Indonesia (€6.71k).

Growth In March 2024, the increase in Vanilla's year-by-year exports was explained primarily by an increase in exports to Germany (€33.7k or 20.3k%) and Austria (€504 or 134%). In March 2024, the increase in Vanilla's year-by-year imports was explained primarily by an increase in imports from Spain (€3.94k or 350%) and Austria (€2.72k or 1.61k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)€99.1k(140%)
IMPORT GROWTH (March 2023 - March 2024)€20.1k(2.59%)
MAIN DESTINATION (March 2024)Germany€136k

This section shows Vanilla'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 Vanilla over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$887k
IMPORTS (2022)$12.1M
NET TRADE (2022)-$11.2M

In 2022, Italy exported $887k in Vanilla. The main destinations of Italy exports on Vanilla were Germany ($236k), Hungary ($166k), Brazil ($92.8k), Canada ($51.3k), and Romania ($51k).

In 2022, Italy imported $12.1M in Vanilla, mainly from France ($6.31M), Germany ($2.63M), Madagascar ($2.51M), Romania ($305k), and Netherlands ($144k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vanilla EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Germany$219k (1.3k%)
Hungary$134k (415%)
United States$36.4k (1.26k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vanilla BY Italy WERE (2021 - 2022):
United Arab Emirates-$223k (-99%)
Cyprus-$41.5k (-100%)
Spain-$18k (-86.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Vanilla were:
Madagascar $583M
France $60.3M
Uganda $44.5M
In 2022, Italy's main importing competitors in Vanilla were:
United States $348M
France $203M
Germany $73.7M

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Trade Value of Vanilla by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $153k
TOP IMPORT POTENTIALMadagascar+ $1.13M

Vanilla’s highest export potential is France. With an export gap of $153k.   Vanilla’s highest import potential is Madagascar with an import gap of $1.13M.

See methodology.

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