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2022
Exports $289MWorld Rnk 12 / 135
Flag Rnk 344 / 1217
2022
Destination $35.1M Algeria
2021 - 2022
FASTEST GROWING MARKET $35.1MAlgeria
2022
PRODUCT COMPLEXITY IN Soybean Oil-0.93Rnk 821 / 1025
2022
Imports $72.4MWorld Rnk 45 / 215
Flag Rnk 680 / 1215
2022
Origin $20.2MN/A
2021 - 2022
FASTEST GROWING ORIGIN $20.2MArgentina
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $289M in Soybean Oil, making it the 12th largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 344th most exported product in Italy. The main destination of Soybean Oil exports from Italy are: Algeria ($97.8M), Spain ($66.5M), Morocco ($45.9M), Egypt ($15.5M), and Tunisia ($11.1M).

The fastest growing export markets for Soybean Oil of Italy between 2021 and 2022 were Algeria ($35.1M), Spain ($19.4M), and Morocco ($9.04M).

Imports In 2022, Italy imported $72.4M in Soybean Oil, becoming the 45th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 680th most imported product in Italy. Italy imports Soybean Oil primarily from: N/A.

The fastest growing import markets in Soybean Oil for Italy between 2021 and 2022 were Argentina ($20.2M), Spain ($17.7M), and Germany ($6.81M).

Latest Trends

March 2024

About

Overview In March 2024 Italy's Soybean Oil exports accounted up to €10M and imports accounted up to €8.37M, resulting in a positive trade balance of €1.64M. Between March 2023 and March 2024 the exports of Italy's   Soybean Oil have decreased by €-7.25M (-42%) from €17.3M to €10M, while imports decreased by €-8.21M (-49.5%) from €16.6M to €8.37M.

Destinations In March 2024, Soybean Oil were exported mostly to Algeria (€6.16M), Spain (€2.52M), Belgium (€521k), France (€209k), and Germany (€163k), and were imported mostly from Spain (€7.36M), Germany (€594k), Slovenia (€220k), Poland (€109k), and France (€69.5k).

Growth In March 2024, the decrease in Soybean Oil's year-by-year exports was explained primarily by a decrease in exports to Spain (€-7.31M or -80.7%), United Kingdom (€-280k or -48.9%), and Netherlands (€-159k or -26.7%). In March 2024, the decrease in Soybean Oil's year-by-year imports was explained primarily by a decrease in imports from Germany (€-320k or -91.5%) and Romania (€-44.3k or -77.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)€-7.25M(-42%)
IMPORT GROWTH (March 2023 - March 2024)€-8.21M(-49.5%)
MAIN DESTINATION (March 2024)Algeria€6.16M

This section shows Soybean Oil'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 Soybean Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$289M
IMPORTS (2022)$72.4M
NET TRADE (2022)$217M

In 2022, Italy exported $289M in Soybean Oil. The main destinations of Italy exports on Soybean Oil were Algeria ($97.8M), Spain ($66.5M), Morocco ($45.9M), Egypt ($15.5M), and Tunisia ($11.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Algeria$35.1M (56%)
Spain$19.4M (41.1%)
Morocco$9.04M (24.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Italy WERE (2021 - 2022):
India-$7.3M (-100%)
Egypt-$3.38M (-17.9%)
Saudi Arabia-$3.36M (-99.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Soybean Oil were:
Argentina $6.79B
Brazil $3.99B
United States $1.06B
In 2022, Italy's main importing competitors in Soybean Oil were:
India $6.49B
Bangladesh $948M
Morocco $775M

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Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $4.08M
TOP IMPORT POTENTIALArgentina+ $8.93M

Soybean Oil’s highest export potential is United Kingdom. With an export gap of $4.08M.   Soybean Oil’s highest import potential is Argentina with an import gap of $8.93M.

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