The volume of palm oil sold by Italy in 2020 was 117,310 tonnes. In 2019 Italy sold 110,286 tonnes of palm oil. For the year 2019 alone, the interest in Italy palm oil (processed category) has shrunk, changing by -1.24 per cent compared to the year 2018. Between 2017 and 2019, palm oil's exports went up by 4.64% netting the country US$129.28m for the year 2019. Italy's palm oil exports are classified as:
- Crude palm oil (HS code 151110)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
- Crude palm kernel and babassu oil (HS code 151321)
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Italia olio di palma export values
In 2019, Italy supplied palm oil worth 129.28m USD, a contraction of -8.18% from 2018's total palm oil export of 140.796m USD. The yearly change in value of Italy palm oil between 2017 to 2018 was 8.074 per cent.
The annual variation in the amount of Italy's palm oil exports between 2017 and 2019 was 4.64 percent when compared to a variation of -1.24% in the growth rate between 2018 and 2019.
Italy's portion of the world's total palm oil's exports in 2019 was less than 1%. Italy holds position 9 in world exports of palm oil.
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Export markets for Italia olio di palma ( in '000$ )
Italy's best performing destinations for palm oil are Czech Republic, Hungary, the Netherlands, Armenia and Serbia.
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Italy brought in 1,571,377 tonnes of palm oil in 2019.
