The quantity of soyabean oil shipped by Italy in 2020 was 83,088 tons. In 2019 Italy shipped 113,330 tonnes of soyabean oil. For 2019 alone, the market for Italy soyabean oil (processed category) has gone up, with a change of 19.321 pc compared to the year 2018. Between 2017 and 2019, soyabean oil's exports grew by 50.94 percent netting the nation US$79.62m for the year 2019. Italy's soyabean oil exports are classified as:
- Soya-bean oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150790)
- Crude soya-bean oil, whether or not degummed (HS code 150710)
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Italia olio di soia export values
In 2019, Italy shipped soyabean oil valued at 79.62m USD, an improvement of 14.14% from 2018's total soyabean oil export of 69.759m USD. The yearly increase in value of Italy soyabean oil between 2017 to 2018 was 12.636%.
The yearly change in the amount of Italy's soyabean oil exports between 2017 and 2019 was 50.94 pc in comparison to a variation of 19.321% in the period between 2018 and 2019.
Italy's stake of the world's total soyabean oil's exports in 2019 was less than 1%. The country is ranked number 29 in world exports of soyabean oil.
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Export markets for Italia olio di soia ( in '000$ )
Italy's leading destinations for soyabean oil are Algeria, Morocco, Spain, Tunisia and Portugal.
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Import/Export Trends
Italy is a net importer of soyabean oil. The annual growth of Italy soyabean oil in value between 2015 to 2019 was -6%, per annum, while annual growth in quantity was -9%, per annum.
Italy procured 8,248 tonnes of soyabean oil in 2019.
