Italy"s petroleum market plays a critical role in its economy, particularly in the sectors involving base oil and other derivatives. In 2024, the trade volume for petroleum products like "Petroleum coke, not calcined" stood out with a remarkable import volume of 1,125,745,130 kg, valued at approximately $126. 9 million. Despite such high import volumes, the export figures were significantly lower, at 3,815,278 kg, valued at around $1. 9 million, indicating a heavy reliance on imports to meet domestic demand. A close examination of the price trends reveals that while import volumes for "Other paraffin wax and similar products" decreased from 53,386,827 kg in 2022 to 38,519,008 kg in 2024, the corresponding import value also reduced from $84. 1 million to $48. 9 million.

This suggests a potential decline in demand or a shift in sourcing strategies. Conversely, exports for these products increased from 52,093,988 kg in 2023 to 59,956,677 kg in 2024, with export values rising from $71. 4 million to $77. 6 million, reflecting a strong international demand and competitive pricing by Italian suppliers. Petroleum bitumen also presented a noteworthy trade dynamic. In 2024, exports were substantial at 1,100,013,766 kg, valued at $478. 3 million, compared to imports at 44,390,854 kg, valued at $23. 5 million.

This highlights Italy"s robust position as a key exporter in the bitumen market. These figures underscore the complexity of Italy"s petroleum market, where import reliance coexists with strong export capabilities, particularly in refined products. For businesses engaging in this market, understanding these trends is crucial. Aritral. com offers a comprehensive B2B platform that facilitates these interactions, providing tools for product listing, direct communication with suppliers, and AI-powered marketing to optimize global trade strategies. "