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Italian exports on the upswing

Italian exports on the upswing

In summary
  • In the first quarter of 2021, Italian exports grew by 19.8% compared to 2020 and by 4.2% compared to the same period in 2019, according to the Ice Report.
  • In May 2021, Istat recorded an increase in exports of 41.9% on an annual basis, with +44.0% to non-EU markets and +40.0% to the EU area.
  • Among the sectors, electrical appliances grew by 31.6% and metals by 29.1% in 2020, while pharmaceutical products fell by 8.2%.
  • In the first quarter of 2021, China is the market with the highest growth (+55.3%), followed by the Netherlands and Poland (+32.9%) and France (+23.2%).
  • The demand for Made in Italy products is very strong but is set to slow down, so companies that start exporting now will be able to derive the maximum benefit from it.

This is not meant to be an ultimatum but certainly, as is often the case in these situations, “first come, first served”. The market is extremely receptive and the demand for the Made in Italy continues to grow, but this will sooner or later begin to slow down, and only those who start immediately will benefit the most.

Italian export numbers (Ice Report data):

- first quarter 2021: +19.8% trend over the same period 2020 and +4.2% over the period 2019;

- food, beverages and tobacco products: +5.3% over the same period in 2020, and even +12.3% over the same period in 2019;

- metals sector: +29.1% over the first four months of 2020 and +12% over the same period in 2019;

- chemicals: +10.2% and +7.1% for the same period over 2019;

- electrical appliance compartment: +31.6% over the same period in 2020 and +8.2% over 2019;

- pharmaceutical, chemical-medicinal and botanical items are instead down 8.2%.

Let's see to which countries exports in the first four months of 2021 are mainly directed and the extent of the increase compared to the same period in 2020 (Ice Report data):

- China, +55,3%;

- Countries Bass and Poland, +32,9%;

- France, +23,2%;

- Spain, +23%;

- Germany, +22,6%;

- Belgium, +14%;

- Switzerland, +20%;

- United States, +4,5%.

As of May 2021 (Istat data), exports grow year-on-year by 41.9%, with a sustained increase in sales to both non-EU markets (+44.0%) and the EU area (+40.0%). On a year-on-year basis, exports grow to all major partner countries:

- France, growth of 43,2%

- Germany, growth of 30,9%

- United States, growth of 43,0%

- Spain, growth of 56,7%

- United Kingdom, growth of 44,2%

Many, many numbers that serve to indicate a trend but, above all, 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.

Octagona is the right partner to support your company in the internationalization process: in almost 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.

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Frequently Asked Questions

How much did Italian exports grow in the first quarter of 2021 according to the Ice Report?

In the first quarter of 2021, Italian exports grew by 19.8% in terms of trend compared to the same period in 2020. This figure exceeds even pre-pandemic levels: +4.2% compared to the first quarter of 2019. This is indicated by the Ice Report, which confirms a solid recovery in Italian sales abroad.

Which sectors of Made in Italy have registered the highest growth abroad in 2021?

In the first quarter of 2021, the most dynamic sectors are electrical appliances (+31.6% on 2020 and +8.2% on 2019) and metals (+29.1% on 2020 and +12% on 2019). Chemical products (+10.2%) and food, beverages and tobacco (+5.3%) are also growing. Only pharmaceutical products are down (-8.2%).

Which are the countries to which Italian exports grew the most in the first quarter of 2021?

The market with the highest growth is China, with +55.3% in the first quarter of 2020. Next come the Netherlands and Poland (+32.9%), France (+23.2%), Spain (+23%), Germany (+22.6%), Switzerland (+20%) and Belgium (+14%). The United States grows more modestly, +4.5%. Data Report Ice.

How did Italian exports in May 2021 compare to the data provided by Istat?

In May 2021, Italian exports grew by 41.9% year-on-year, according to Istat. Sales increased by 44.0% to markets outside the EU and by 40.0% to the EU area. The growth concerns all the main partners: Spain +56.7%, United Kingdom +44.2%, France +43.2%, United States +43.0%, Germany +30.9%.

Why is it advantageous for an Italian SME to start exporting immediately, while the demand for Made in Italy products is high?

It’s best to start right away because the demand for Made in Italy products is very high; sooner or later, however, it will start to slow down. Those who start internationalization now can take advantage of an extremely receptive market and reap the maximum benefit. Companies that invest in exports are already seeing favorable returns, while those who wait risk falling behind.

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