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2023
Exports $32.9MWorld Rnk 5 / 108
Flag Rnk 776 / 1216
2023
Destination $4.56M Argentina
2022 - 2023
FASTEST GROWING MARKET $4.56MArgentina
2023
Imports $38.7MWorld Rnk 3 / 165
Flag Rnk 798 / 1213
2023
Origin $580k Argentina
2022 - 2023
FASTEST GROWING ORIGIN $580kFrance
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $32.9M in Vegetable Tanning Extracts, making it the 5th largest exporter of Vegetable Tanning Extracts in the world. At the same year, Vegetable Tanning Extracts was the 776th most exported product in Italy. The main destination of Vegetable Tanning Extracts exports from Italy are: Argentina ($6.18M), Spain ($5.15M), France ($2.88M), United States ($2.18M), and China ($1.66M).

The fastest growing export markets for Vegetable Tanning Extracts of Italy between 2022 and 2023 were Argentina ($4.56M), Spain ($2.06M), and Vietnam ($553k).

Imports In 2023, Italy imported $38.7M in Vegetable Tanning Extracts, becoming the 3rd largest importer of Vegetable Tanning Extracts in the world. At the same year, Vegetable Tanning Extracts was the 798th most imported product in Italy. Italy imports Vegetable Tanning Extracts primarily from: Argentina ($14.1M), Slovenia ($4.69M), South Africa ($4.6M), France ($3.43M), and Brazil ($3.26M).

The fastest growing import markets in Vegetable Tanning Extracts for Italy between 2022 and 2023 were France ($580k), Germany ($575k), and Portugal ($566k).

Latest Trends

October 2024

About

Overview In October 2024 Italy's Vegetable Tanning Extracts exports accounted up to €2.05M and imports accounted up to €2.63M, resulting in a negative trade balance of €575k. Between October 2023 and October 2024 the exports of Italy's   Vegetable Tanning Extracts have increased by €433k (26.7%) from €1.62M to €2.05M, while imports decreased by €-780k (-22.9%) from €3.41M to €2.63M.

Destinations In October 2024, Vegetable Tanning Extracts were exported mostly to Indonesia (€339k), Spain (€249k), United States (€186k), South Africa (€169k), and France (€155k), and were imported mostly from Argentina (€1.43M), France (€322k), Spain (€216k), Slovenia (€208k), and China (€160k).

Growth In October 2024, the increase in Vegetable Tanning Extracts's year-by-year exports was explained primarily by an increase in exports to Spain (€176k or 36.8%), Switzerland (€44.2k or 350%), and Germany (€10.1k or 30.9%). In October 2024, the decrease in Vegetable Tanning Extracts's year-by-year imports was explained primarily by a decrease in imports from Argentina (€-413k or -16%), Belgium (€-127k or -76%), and Slovenia (€-101k or -21.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€433k(26.7%)
IMPORT GROWTH (October 2023 - October 2024)€-780k(-22.9%)
MAIN DESTINATION (October 2024)Indonesia€339k

This section shows Vegetable Tanning Extracts'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 Vegetable Tanning Extracts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$32.9M
IMPORTS (2023)$38.7M
NET TRADE (2023)-$5.77M

In 2023, Italy exported $32.9M in Vegetable Tanning Extracts. The main destinations of Italy exports on Vegetable Tanning Extracts were Argentina ($6.18M), Spain ($5.15M), France ($2.88M), United States ($2.18M), and China ($1.66M).

In 2023, Italy imported $38.7M in Vegetable Tanning Extracts, mainly from Argentina ($14.1M), Slovenia ($4.69M), South Africa ($4.6M), France ($3.43M), and Brazil ($3.26M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Vegetable Tanning Extracts EXPORT MARKETS FOR Italy WERE (2022 - 2023):
Argentina$4.56M (281%)
Spain$2.06M (66.6%)
Vietnam$553k (95.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vegetable Tanning Extracts BY Italy WERE (2022 - 2023):
United States-$968k (-30.7%)
France-$836k (-22.5%)
China-$757k (-31.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Vegetable Tanning Extracts were:
Argentina $64.6M
South Africa $64.3M
Indonesia $55.3M
In 2023, Italy's main importing competitors in Vegetable Tanning Extracts were:
India $78.4M
China $40M

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Trade Value of Vegetable Tanning Extracts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $575k
TOP IMPORT POTENTIALFrance+ $679k

Vegetable Tanning Extracts’s highest export potential is India. With an export gap of $575k.   Vegetable Tanning Extracts’s highest import potential is France with an import gap of $679k.

See methodology.

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