We are European Champions, also in trade, in as many as 830 products out of 5,388. This data, reported in an article by Luca Orlando on July 9th in Il Sole 24 Ore and processed by the Edison Foundation, testifies to the strength of Italian exports in Europe.
Through an analysis and reclassification of the 5,388 codes into which international trade is divided, it emerges how Italy, in various situations, is ahead of the United Kingdom, Germany, France, and Spain thanks to a positive balance of $140 billion.
The trade surplus is generated mainly thanks to Jewelry, leather bags, valves, faucets, tiles, eyeglasses, footwear, boats, tiles, machinery, pasta, coffee, and chocolate, car parts, and much more. Let's look at the Top 3 in detail:
The largest positive balance is in jewelry, with Alexandria, Vicenza and Arezzo districts to generate assets of five billion. Absolute value that is nonetheless affected by the prices of the raw material, gold, which is subject to wide fluctuations.
In third place for a positive balance is the broad area of faucets and valves, with Piedmont and Lombard districts to shred international competition, especially thanks to the provinces of Novara, Verbano-Cusio-Ossola and Vercelli, Brescia and Bergamo.
Altro punto di forza è il packaging, soprattutto per quanto riguarda i macchinari per l’imballaggio, dove l’Emilia Romagna è leader mondiale: l’Italia ha un attivo di 2.6 billion, which rises to nearly four billion with plants for the beverage sector, another leading European sector. In this case, Octagona can say it saw it coming: as early as May, we spoke of the extraordinary opportunities for Italian packaging in countries like the United States, which has been exporting at a sustained pace in recent years.
Leggi l’approfondimento completo sul settore packaging negli Stati Uniti by clicking here!
Tutto questo senza dimenticare il settore dell’agroalimentare e del Food in generale, che vi abbiamo presentato nelle scorse settimane.
Indeed, as Octagona reported in recent weeks, the Food sector has shown the greatest growth in the digital arena. Exports through digital channels have indeed grown by +46% 2019 to 2020, amounting to 1.9 billion: well the 14% of Italian digital exports.
Click here per leggere l’approfondimento completo sul settore Food!
Per quanto riguarda nello specifico l’agroalimentare, invece, cured meats, cheeses, and wines have shown the most growth over the past 5 years, venendo apprezzati in tutta Europa e diventando così il simbolo dell’italianità all’estero. Infatti, il valore complessivo delle esportazioni di salumi ammonta a 2,2 miliardi di euro, con un incremento del +31,57% between 2016 and 2020. The cheese sector, on the other hand, is worth a total of 11.2 billion euros, with an increase of +33,77%; Finally, wine is the largest market (€18 billion between 2016 and 2020), once again recording double-digit growth. +11,38%.
Click here per leggere l’approfondimento completo sull’Agroalimentare!
If you're currently wondering if it's worth exporting your products, then the answer is right there in the numbers you just read. Italian excellence receives maximum interest and enables our companies to generate, through foreign markets, additional sales and profits.
Being competitive in international markets is possible thanks to confidence that every Italian entrepreneur must have in their products and in their own capabilities, but also thanks to the expertise and experience of companies like Octagona, which are able to support their clients' international growth.
With our teams of experts present directly in these areas, we at Octagona we are able to open the right path for you, seizing market opportunities and thereby supporting the growth of your business.
With direct offices in India, Vietnam, Brazil, and the USA and with local partnerships throughout the rest of the world, Octagona is in fact one of the leading companies in International Advisory and among the top 5 in Italy: in almost 20 years we have successfully worked on more than 750 projects of internationalization.
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