Petroleum Gas in Italy | The Observatory of Economic Complexity

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Exports In 2022, Italy exported $1.96B in Petroleum Gas, making it the 36th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 74th most exported product in Italy. The main destination of Petroleum Gas exports from Italy are: Germany ($1.06B), Austria ($344M), Slovenia ($180M), Greece ($80.9M), and Belgium ($45.6M).

The fastest growing export markets for Petroleum Gas of Italy between 2021 and 2022 were Germany ($744M), Austria ($343M), and Slovenia ($170M).

Imports In 2022, Italy imported $67.6B in Petroleum Gas, becoming the 3rd largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 1st most imported product in Italy. Italy imports Petroleum Gas primarily from: Algeria ($15.1B), Russia ($12B), Azerbaijan ($11.4B), France ($7.97B), and Norway ($5.78B).

The fastest growing import markets in Petroleum Gas for Italy between 2021 and 2022 were Algeria ($9.44B), Azerbaijan ($8.24B), and France ($7.16B).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Petroleum Gas from Italy to the United States.

Latest Trends

December 2023

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Overview In December 2023 Italy's Petroleum Gas exports accounted up to €40.4M and imports accounted up to €2.19B, resulting in a negative trade balance of €2.15B. Between December 2022 and December 2023 the exports of Italy's Petroleum Gas have decreased by €-148M (-78.6%) from €189M to €40.4M, while imports decreased by €-3.6B (-62.2%) from €5.8B to €2.19B.

Destinations In December 2023, Petroleum Gas were exported mostly to Austria (€14.4M), Slovenia (€10.5M), Switzerland (€5.55M), France (€4.39M), and Germany (€1.98M), and were imported mostly from Algeria (€999M), Azerbaijan (€356M), Qatar (€272M), United States (€218M), and Norway (€107M).

Growth In December 2023, the decrease in Petroleum Gas's year-by-year exports was explained primarily by a decrease in exports to Belgium (€-2.19M or -98.8%), San Marino (€-900k or -33.1%), and Malta (€-236k or -44.6%). In December 2023, the decrease in Petroleum Gas's year-by-year imports was explained primarily by a decrease in imports from Russia (€-1.37B or -72%), China (€-71.1M or -99.9%), and Libya (€-55M or -26.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)€-148M(-78.6%)

IMPORT GROWTH (December 2022 - December 2023)€-3.6B(-62.2%)

MAIN DESTINATION (December 2023)Austria€14.4M

This section shows Petroleum Gas'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 Petroleum Gas over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.96B

IMPORTS (2022)$67.6B

NET TRADE (2022)-$65.6B

In 2022, Italy exported $1.96B in Petroleum Gas. The main destinations of Italy exports on Petroleum Gas were Germany ($1.06B), Austria ($344M), Slovenia ($180M), Greece ($80.9M), and Belgium ($45.6M).

In 2022, Italy imported $67.6B in Petroleum Gas, mainly from Algeria ($15.1B), Russia ($12B), Azerbaijan ($11.4B), France ($7.97B), and Norway ($5.78B).

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