The latest SACE report clearly indicates how Italy's recovery goes through exports, the main driver of our economy. Let's look at the main numbers from the latest SACE report, presented earlier this 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 with 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 testify to how businesses must believe in the possibility of increasing their turnovers by exploring new markets and creating new profits: Most companies that invest on export in 2021 will get favorable returns. Foreign countries are extremely receptive at this time in history, and as seen from the numbers, the momentum of Italian exports will begin to slow down from next year.
What will be the fastest growing sectors? As can be seen from the image below, capital goods will lead the way, at least as far as 2021 is concerned. Instrumental 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, too, want to internationalize your business, you should know that subsidized financing and related co-financing will soon start up again non-repayable SIMEST grant. The counter had been suspended last June 4 after only two days of operation due to the large number of applications, as many as 8125.
SIMEST is updating the details for each line of intervention but, in general, the benefits will remain the same, namely:
- Co-financing to 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: capitalization, participation in international trade fairs, opening branches, offices, stores abroad, Temporary Export Manager, e-Commerce, feasibility studies and technical assistance programs abroad.
The good news is. funds will reopen on Oct. 28 starting at 9:30 a.m.. The bad news is that the funds are limited and running out: given the unique opportunity, it is therefore important not to be caught unprepared and not to arrive late.
If you are really interested in developing your business abroad and building a quality export project, then this is the opportunity you cannot miss. Click below, fill out the form and we will contact you to listen to your idea and study the best solution together:
According to the SACE report, Italian exports will grow by +11.3% in 2021, after -9.7% in 2020, reaching 482 billion euros compared to 434 billion the previous year. For 2022, a +5.4% is forecast. After 2022, the expected growth is +4.0% annually, above the +3.1% average for the period 2012-2019.
In 2021, the most dynamic sectors are the capital goods sector. Instrumental machinery is expected to rebound by +12.9%, and electrical appliances by +11.0%. Textile and clothing are also doing very well, with +13.0%. Wood products are growing by +11.0% in 2021 and by +7.1% in 2022, according to the SACE report.
The SIMEST office for subsidized financing and co-financing with no down payment will reopen on October 28 starting at 9:30 a.m. Funds are limited and will be allocated on a first-come, first-served basis. In June the office was suspended after just two days of operation due to the arrival of 8125 applications; therefore, it is advisable to be prepared.
SIMEST funding provides for an advantageous rate of 0.5%, a full-cost co-financing (the percentage of which has not yet been determined) and a pre-amortization of one or two years, depending on the instrument. The funding is excluded from the central risk assessment system and 50% of the amount is disbursed in advance, without incurring costs first.
The SIMEST funding covers various internationalization projects: asset-building, participation in international trade shows, the opening of branches, offices and stores abroad, Temporary Export Manager, e-Commerce, feasibility studies, and technical assistance programs abroad. SIMEST is updating the details of each line of intervention, but the general benefits remain unchanged.
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