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Petroleum Oils Export of Italy: Trends and Insights of 2024

Petroleum oils, the liquid hydrocarbons derived from crude oil, are used for energy generation in different industrial sectors. The commodity being demanded heavily in the global consumer base has solidified its footprint as the topmost contributing one to the global GDP. The uneven distribution and high economic value have maintained continuity in the global trade. <br>

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Petroleum Oils Export of Italy: Trends and Insights of 2024

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  1. Petroleum Oils Export of Italy: Trends and Insights of 2024 Petroleum oils, the liquid hydrocarbons derived from crude oil, are used for energy generation in different industrial sectors. The commodity being demanded heavily in the global consumer base has solidified its footprint as the topmost contributing one to the global GDP. The uneven distribution and high economic value have maintained continuity in the global trade. Italy, on the Italian peninsula, bordered by France and Switzerland in the northwest and north direction, has recorded itself as a leading exporter of petroleum oils in the international trade market. The large refining capacity and the flexibility of the feedstock available in the domestic region have facilitated the overall revenue rate. The large domestic network of service stations and the access of the marketing authorities to the European Union membership have resulted in an export trade value of petroleum oils from Italy worth 6 billion US dollars in 2024. The tragic shift of the country toward green refining and the geopolitical position have substantially contributed to the hike in export revenue. Subscribe to Import Globals, the leading Italy Import Data provider, to stay updated with the latest information regarding the petroleum oils export of the nation via the Italy trade data. GOVERNMENT INITIATIVES SUPPORTING THE EXPORT OF PETROLEUM OILS IN ITALY The Implementation Action Plan 2025 by the government has encouraged the modernization of the refineries, while helping the authorities stay viable. In the long run, the Green Conversion Fund for refineries has lowered the financial barriers to upgrade via improvement of the competitiveness and export capacity in a greener future. The conversion of Livomo Refinery to Bio Refinery has diversified the global output while promoting the long-term sustainability of the assets. The Italian Climate Fund has provided capital for energy infrastructure projects, while aiding export-oriented energy investments. THE LEADING VARIANTS OF PETROLEUM OILS EXPORTED FROM ITALY IN 2024 The investment made by the management authorities of Italy in green initiatives has enhanced the competitiveness of the petroleum oils extracted in the long term. The stable

  2. partnership of the nation has facilitated the market approach. As per the Italy Export Data, the top 10 leading variants of petroleum oils exported from the nation in 2024 are, Gas oils (diesel) – The annual valuation of Gas oils (diesel) exported from Italy in 2024 – 2.8 billion US dollars Motor spirit/gasoline – The annual valuation of Motor spirit/gasoline exported from Italy in 2024 – 981 million US dollars Lubricating oils (non-biodiesel) – The annual valuation of Lubricating oils (non- biodiesel) exported from Italy in 2024 – 765 million US dollars Fuel oils – The annual valuation of Fuel oils exported from Italy in 2024 – 654 million US dollars Bitumen / residual oils– The annual valuation of Bitumen / residual oils exported from Italy in 2024 – 589 million US dollars Aviation turbine fuel (jet fuel) – The annual valuation of Aviation turbine fuel (jet fuel) exported from Italy in 2024 – 476 million US dollars Marine diesel/bunker fuel– The annual valuation of Marine diesel/bunker fuel exported from Italy in 2024 – 321 million US dollars Petroleum jelly/mineral waxes– The annual valuation of Petroleum jelly/mineral waxes exported from Italy in 2024 – 298 million US dollars Gasoline containing biodiesel– The annual valuation of Gasoline containing biodiesel exported from Italy in 2024 – million US dollars Petroleum preparation blends– The annual valuation of Petroleum preparation blends exported from Italy in 2024 – 224 million US dollars           TOP 10 EXPORT TRADE PARTNERS OF ITALY IN 2024 The strategic energy diplomacy and the trade agreements allotted by the European Union have expanded the market reach of the Italian fuel exporters. According to the Italy Customs Data, the top 10 export trade partners of the nation for petroleum oils in 2024 are, Germany – The annual valuation of petroleum oils exported from Italy to Germany in 2024 – 2.19 billion US dollars  Top 5 variants of petroleum oils exported Polyalphaolefin (PAO) Base Oil Synthetic Ester Oil White Oil / Mineral Oil Vacuum Gas Oil (VGO) Light Cycle Oil (LCO)      United States – The annual valuation of petroleum oils exported from Italy to the United States in 2024 – 976 million US dollars  Top 5 variants of petroleum oils exported Paraffin Wax (Petrolatum) Slack Wax  

  3. Microcrystalline Wax Petrolatum / Petroleum Jelly Scale Oil    France – The annual valuation of petroleum oils exported from Italy to France in 2024 – 865 million US dollars  Top 5 variants of petroleum oils exported Machine Oil Penetrating Oil Bar & Chain Oil Spindle Oil Cylinder Oil      Spain – The annual valuation of petroleum oils exported from Italy to Spain in 2024 – 745 million US dollars  Top 5 variants of petroleum oils exported Compressor Oil Turbine Oil Metalworking / Cutting Oil Quenching Oil Transformer Oil      Switzerland – The annual valuation of petroleum oils exported from Italy to Switzerland in 2024 – 658 million US dollars  Top 5 variants of petroleum oils exported Roofing Pitch Lubricating Oil Automotive Engine Oil Hydraulic Oil Gear Oil      United Kingdom – The annual valuation of petroleum oils exported from Italy to the United Kingdom in 2024 – 576 million US dollars  Top 5 variants of petroleum oils exported Residual Fuel Oil Heavy Fuel Oil (HFO) Light Fuel Oil Asphalt / Bitumen Road Oil     

  4. Poland – The annual valuation of petroleum oils exported from Italy to Poland in 2024 – 478 million US dollars  Top 5 variants of petroleum oils exported Turbine Fuel Diesel Fuel Ultra-Low Sulfur Diesel (ULSD) Marine Diesel Oil (MDO) Marine Gas Oil (MGO)      Belgium – The annual valuation of petroleum oils exported from Italy to Belgium in 2024 – 342 million US dollars  Top 5 variants of petroleum oils exported Aviation Gasoline (AvGas) Kerosene / Paraffin Jet Fuel (Kerosene-Type) Jet A-1 Jet B      Netherlands – The annual valuation of petroleum oils exported from Italy to the Netherlands in 2024 – 289 million US dollars  Top 5 variants of petroleum oils exported Straight-Run Naphtha Heavy Naphtha Reformate Motor Spirit / Gasoline High-Octane Gasoline      Turkey – The annual valuation of petroleum oils exported from Italy to Turkey in 2024 – 228 million US dollars  Top 5 variants of petroleum oils exported Heavy Crude Oil Sweet Crude Oil Sour Crude Oil Diluted Bitumen (Dilbit)    

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