Back to the future: the revival of Italian exports

The latest SACE report clearly indicates how Italy's recovery must go through exports, the main engine of our economy. Let's look at the key figures from the latest SACE report, presented at the beginning of the week:

+11,3%: expected rebound of Italian exports in 2021, compared with -9.7% in 2020;

482 billion: value of Italian exports in 2021, compared to 434 billion in 2020;

+5,4%export growth rate for 2022;

+4,0%: expected growth rate for Italian exports after 2022, compared with the +3.1% pre-crisis average recorded between 2012 and 2019

These numbers demonstrate how businesses must believe in the possibility of increasing their revenues, exploring new markets, and creating new profits.Most companies investing in exports in 2021 will achieve favorable returns..Foreign countries are extremely receptive at this historical moment and, as seen from the numbers, the push of Italian exports will begin to slow down from next year.

What sectors will experience the most growth? As can be seen from the image below, capital goods will take the lead, at least as far as 2021 is concerned. Industrial machinery is expected to rebound by +12.9%, while electrical appliances by +11.0%.

Very positive signs are also coming from the textile and apparel sector (+13.0%), while wood products will have sustained growth for both 2021 (+11.0%) and 2022 (+7.1%).

If you also want to internationalize your business, you should know that subsidized financing and related co-financing will resume shortly. non-repayable SIMEST grant. The counter was suspended on June 4th after only two days of operation, following a large influx of applications, a total of 8125.

SIMEST is updating the details for each line of intervention but, in general, the benefits will remain the same, namely:

Co-financing non-repayable fund (percentage not yet defined)

-         Subsidized rate of 0.5%

-         Pre-depreciation Of one or two years depending on the instrument used

-         Exclusion of funding from the risk center

-         50% of the requested amount is disbursed in advance without incurring costs in advance.

Funding covers internationalization projects for: Patrimonialization, participation in international fairs, opening branches, offices, and stores abroad, Temporary Export Manager, e-Commerce, feasibility studies, and technical assistance programs abroad.

The good news is that funds will reopen on Oct. 28 starting at 9:30 a.m.. The bad news is that the funds are limited and running outTherefore, given the unique opportunity, it is important not to be caught off guard and not to arrive late.

If you are truly interested in developing your business abroad and building a quality export project, then this is an opportunity you can't miss. Click below, fill out the form and we will contact you to listen to your idea and study the best solution together: