Vitamins in Italy | The Observatory of Economic Complexity

About

Exports In 2022, Italy exported $118M in Vitamins, making it the 14th largest exporter of Vitamins in the world. At the same year, Vitamins was the 544th most exported product in Italy. The main destination of Vitamins exports from Italy are: Netherlands ($38.6M), United States ($13.8M), Switzerland ($10.2M), Belgium ($6.93M), and Spain ($3.93M).

The fastest growing export markets for Vitamins of Italy between 2021 and 2022 were Netherlands ($10.9M), New Zealand ($2.29M), and Algeria ($1.07M).

Imports In 2022, Italy imported $181M in Vitamins, becoming the 17th largest importer of Vitamins in the world. At the same year, Vitamins was the 456th most imported product in Italy. Italy imports Vitamins primarily from: Netherlands ($46.9M), China ($39.5M), Germany ($31.3M), Spain ($12.4M), and Belgium ($10.4M).

The fastest growing import markets in Vitamins for Italy between 2021 and 2022 were China ($13.8M), United Arab Emirates ($1.38M), and Lithuania ($893k).

COMPANIES In 2023, leading companies such as IKEA SUPPLY AG (222), LG ELECTRONICS U.S.A. INC. (178), and GALLO FAMILY VINEYARDS (169) were at the forefront of shipping Vitamins from Italy to the United States.

Latest Trends

December 2023

About

Overview In December 2023 Italy's Vitamins exports accounted up to €6.45M and imports accounted up to €8.46M, resulting in a negative trade balance of €2M. Between December 2022 and December 2023 the exports of Italy's Vitamins have decreased by €-4.84M (-42.9%) from €11.3M to €6.45M, while imports decreased by €-6.42M (-43.1%) from €14.9M to €8.46M.

Destinations In December 2023, Vitamins were exported mostly to United States (€2.24M), Indonesia (€1.05M), Netherlands (€914k), Spain (€435k), and Germany (€404k), and were imported mostly from Netherlands (€2.21M), Germany (€2.01M), China (€1.46M), France (€1.36M), and Belgium (€495k).

Growth In December 2023, the decrease in Vitamins's year-by-year exports was explained primarily by a decrease in exports to Switzerland (€-791k or -75.2%) and Croatia (€-254 or -19.1%). In December 2023, the decrease in Vitamins's year-by-year imports was explained primarily by a decrease in imports from Netherlands (€-2.55M or -57.2%), China (€-1.78M or -43.5%), and Germany (€-1.06M or -29.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)€-4.84M(-42.9%)

IMPORT GROWTH (December 2022 - December 2023)€-6.42M(-43.1%)

MAIN DESTINATION (December 2023)United States€2.24M

This section shows Vitamins'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 Vitamins over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$118M

IMPORTS (2022)$181M

NET TRADE (2022)-$62.8M

In 2022, Italy exported $118M in Vitamins. The main destinations of Italy exports on Vitamins were Netherlands ($38.6M), United States ($13.8M), Switzerland ($10.2M), Belgium ($6.93M), and Spain ($3.93M).

In 2022, Italy imported $181M in Vitamins, mainly from Netherlands ($46.9M), China ($39.5M), Germany ($31.3M), Spain ($12.4M), and Belgium ($10.4M).

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