Europe is confirmed as the top buyer of made in Italy in the world: what are the most interesting markets?

It is certainly a period of great uncertainty that the Old Continent is going through.Brexit negotiations, concerns about international trade and the US-China “tariff war,” the growing risks of a disintegration of the single project, and economic asymmetries between member states undoubtedly weigh on the economic prospects of a continent still recovering from the great economic crisis of recent years.

However, in spite of all these factors, In 2018, the demand for Made in Italy products from our European neighbors. (which already account for more than 50% of total Italian exports), continued to grow. And not only that: it is a trend that will continue in the near future, both in the so-called Advanced Europe (Western Europe) which in the’Emerging Europe (Eastern Europe, which also includes the Former Soviet Republics).

In Western Europe, where the’Italian export is worth 254 billion, the 2018 recorded a growth of +4.1% and For 2019 and the 2020-2022 biennium. the expected rates are respectively at +3.2% and +3.6%. According to forecasts for the next few years, the Hottest partners for Italian exports, considering growth and volumes, will be:

• Spain (+4.7%): instrumental mechanics, electronics, rubber and plastics; 
• Germany (+3.7%): metals, instrumental mechanics, transportation equipment;
• France (+3.4%): agribusiness, pharmaceuticals.

As for the’eastern area of the continent, Italian exports fared even better, registering a growth rate of +4.5% at 2018. The economic growth that these countries are experiencing also keeps expectations high for the coming years: in the 2019 A growth rate of +4.1% and in the 2020-2022 biennium the average growth forecast is even equal to +5.1%. I most appealing markets in this area will be:

• Czech Republic (+6.4%): instrumental mechanics, transportation equipment, apparel;
• Poland (+5.4%): instrumental mechanics, transportation equipment, apparel. 

OCTAGONA CAN HELP YOU 

Octagona, who has 17 years of experience in internationalization (in addition to already being an accredited supplier by the Ministry of Economic Development, the Emilia-Romagna Region, the Lombardy Region, and the Veneto Region for the provision of international business services) It is capable of offering targeted and concrete support to all companies that want to sell in different European markets., thanks to its services designed specifically for SMEs. 

If you want to build a successful export project and you want to know more about our activities, call us at 059.9770184 or send an e-mail to the address [email protected]:you will receive all the information you need