Foreign trade: Italy’s export share drops to 2.7% in 2021

IMF in Italy:

(ANSA) – ROME, 02 AUG – In a scenario of “strong recovery of the world economy” from the shock of the pandemic, in 2021 Italy sees “an exceptionally large increase in the value in euro and in exported goods (+18.2 %) and, more marked, of imported goods (+ 26.4%) “. The country’s market share in world exports of goods (measured in dollars) recorded a slight decline, from 2.82% in 2020 to 2.71%. These are some of the data from the Statistical Yearbook “Foreign trade and international business activities” of Istat and ICE.

The trade balance sees a surplus of 44.2 billion euros, down by 19.1 billion compared to 2020. The energy component contributes to the reduction of the surplus: the deficit in trade in the energy sector doubles, in fact, from – 22.4 billion in 2020 to -45.1 billion in 2021, “due to the exceptional increase in average unit values ​​for imports (+ 76.7%)”.

Among the manufacturing products in which Italy holds the largest shares of world exports in 2021, the yearbook reports: terracotta construction materials (24.46%); tanned and worked leather, travel items, bags, leather goods and saddlery, prepared and dyed furs (14.44%) and bakery and starchy products (13.01%). (HANDLE).

Source: Ansa

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