Wine in Italy | The Observatory of Economic Complexity

About

Exports In 2023, Italy exported $8.73B in Wine, making it the 2nd largest exporter of Wine in the world. At the same year, Wine was the 10th most exported product in Italy. The main destination of Wine exports from Italy are: United States ($2.16B), Germany ($1.16B), United Kingdom ($1.13B), Switzerland ($489M), and Canada ($446M).

The fastest growing export markets for Wine of Italy between 2022 and 2023 were United Kingdom ($62.1M), Ukraine ($27.4M), and Czechia ($27.4M).

Imports In 2023, Italy imported $619M in Wine, becoming the 17th largest importer of Wine in the world. At the same year, Wine was the 203rd most imported product in Italy. Italy imports Wine primarily from: France ($463M), Spain ($101M), Portugal ($10.8M), Germany ($9.54M), and Netherlands ($5.22M).

The fastest growing import markets in Wine for Italy between 2022 and 2023 were France ($105M), Spain ($25.6M), and Greece ($2.06M).

COMPANIES In 2023, leading companies such as Palm Bay International (1.42k), F&F Fine Wines (809), and Intercontinental Packaging (795) were at the forefront of shipping Wine from Italy to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Italy's Wine exports accounted up to €818M and imports accounted up to €66.1M, resulting in a positive trade balance of €752M. Between October 2023 and October 2024 the exports of Italy's Wine have increased by €53.5M (7%) from €765M to €818M, while imports decreased by €-7.43M (-10.1%) from €73.5M to €66.1M.

Destinations In October 2024, Wine were exported mostly to United States (€190M), Germany (€114M), United Kingdom (€106M), Canada (€49.3M), and Switzerland (€42M), and were imported mostly from France (€49.7M), Spain (€11.2M), Portugal (€1.25M), Poland (€747k), and Germany (€690k).

Growth In October 2024, the increase in Wine's year-by-year exports was explained primarily by an increase in exports to Germany (€13.1M or 19%), France (€4.17M or 32%), and Sweden (€2.51M or 18.7%). In October 2024, the decrease in Wine's year-by-year imports was explained primarily by a decrease in imports from Switzerland (€-195k or -79.4%), Netherlands (€-152k or -62.7%), and Denmark (€-116k or -83.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2023 - October 2024)€53.5M(7%)

IMPORT GROWTH (October 2023 - October 2024)€-7.43M(-10.1%)

MAIN DESTINATION (October 2024)United States€190M

This section shows Wine'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 Wine over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$8.73B

IMPORTS (2023)$619M

NET TRADE (2023)$8.12B

In 2023, Italy exported $8.73B in Wine. The main destinations of Italy exports on Wine were United States ($2.16B), Germany ($1.16B), United Kingdom ($1.13B), Switzerland ($489M), and Canada ($446M).

In 2023, Italy imported $619M in Wine, mainly from France ($463M), Spain ($101M), Portugal ($10.8M), Germany ($9.54M), and Netherlands ($5.22M).

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