Wheat in Italy | The Observatory of Economic Complexity

About

Exports In 2018, Italy exported $216M in Wheat, making it the 25th largest exporter of Wheat in the world. At the same year, Wheat was the 410th most exported product in Italy. The main destination of Wheat exports from Italy are: Algeria ($104M), Tunisia ($83.1M), France ($6.61M), Germany ($6.42M), and Greece ($3.3M).

The fastest growing export markets for Wheat of Italy between 2021 and 2022 were Algeria ($98.6M), Tunisia ($50.2M), and Denmark ($549k).

Imports In 2022, Italy imported $2.57B in Wheat, becoming the 7th largest importer of Wheat in the world. At the same year, Wheat was the 45th most imported product in Italy. Italy imports Wheat primarily from: France ($489M), Canada ($403M), Hungary ($300M), Austria ($169M), and Greece ($143M).

The fastest growing import markets in Wheat for Italy between 2021 and 2022 were France ($179M), Canada ($51.5M), and Romania ($48.8M).

COMPANIES In 2023, leading companies such as Red Bull (9) and IKEA Group (2) were at the forefront of shipping Wheat from Italy to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Italy's Wheat exports accounted up to €2.18M and imports accounted up to €191M, resulting in a negative trade balance of €189M. Between June 2023 and June 2024 the exports of Italy's Wheat have decreased by €-8.98M (-80.5%) from €11.2M to €2.18M, while imports increased by €14.7M (8.37%) from €176M to €191M.

Destinations In June 2024, Wheat were exported mostly to Greece (€1.18M), Belgium (€278k), France (€197k), Germany (€187k), and South Korea (€157k), and were imported mostly from Hungary (€32.5M), Turkey (€20.5M), Austria (€20.2M), France (€15.9M), and Greece (€15M).

Growth In June 2024, the decrease in Wheat's year-by-year exports was explained primarily by a decrease in exports to Austria (€-82.7k or -96.8%), United States (€-63.9k or -66.4%), and Belgium (€-33.9k or -68.2%). In June 2024, the increase in Wheat's year-by-year imports was explained primarily by an increase in imports from Canada (€83.9M or 734%), Romania (€10.8M or 181%), and Slovenia (€3.23M or 42.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)€-8.98M(-80.5%)

IMPORT GROWTH (June 2023 - June 2024)€14.7M(8.37%)

MAIN DESTINATION (June 2024)Greece€1.18M

This section shows Wheat'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 Wheat over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$216M

IMPORTS (2022)$2.57B

NET TRADE (2022)-$2.36B

In 2022, Italy exported $216M in Wheat. The main destinations of Italy exports on Wheat were Algeria ($104M), Tunisia ($83.1M), France ($6.61M), Germany ($6.42M), and Greece ($3.3M).

In 2022, Italy imported $2.57B in Wheat, mainly from France ($489M), Canada ($403M), Hungary ($300M), Austria ($169M), and Greece ($143M).

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