Record-breaking Made in Italy exports

In a very stormy 2022, marked by high inflation and the war in Ukraine, good news comes on the front of the’Made in Italy export in the world.

The Italian economy appears more resilient than expected even in this new context of global turmoil, with skyrocketing energy and commodity prices, shortages in supplies of raw materials and components, to the war in Ukraine and new restrictions on Covid in China.

Thus, Made in Italy is flying around the world, to the point of keeping Italian exports at excellent levels and boosting GDP.

The first six months of 2022 marked a national export of 306 billion euros, As many as 56 more than in the previous year. The numbers are record-breaking with more than 572 billion in 12 months.

The direction of Italian exports

Geographically, Made in Italy is oriented to both European markets, with France and Germany in first place (with a growth of over 15%), both in non-European markets where our country's products are highly valued, particularly in the United States, which recorded an increase in imports from Italy of beyond the 31%, touching a new all-time high. Also a reason for strong interest in the United States is the strength of the dollar at this historic moment.

Leading Made in Italy export sectors.

Istat data show that Italian exports are driven mainly by petroleum products (+70%), from sales of metals and metal products (+26%), chemical substances and products (+19%) and machinery (+14.7%).

Italy is thus at the top of international trade not only for the famous “three Fs” (Fashion, Food and Supplies, i.e., fashion, food and furnishings), but also, in addition to the products just listed, for building materials, tanned and processed leather, travel goods, leather goods and pipes, ductwork and profiles.

Conclusions

So many numbers that serve to indicate a trend but more importantly a great opportunity. Perhaps never before has the world been ready to welcome Italian excellence. Many companies have already realized this; others will arrive late.

If right now you are wondering whether Is it worth exporting your products then the answer is right in the numbers you just read. Italian excellence receives maximum interest and enables our companies to generate, through foreign markets, additional sales and profits.

Octagona is the right partner to support your company in the internationalization process: in 20 years we have successfully worked on more than 750 projects of internationalization, becoming one of the leading companies in International Advisory and among the top 5 in Italy.

What can we do to grow your business? Contact us by clicking below to find out.

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