In the first quarter of 2024, the exports from the Piedmont districts they increased by 0,9%, reaching 3,2 billion euros, with an increase of 30 million euros. This is the latest data, processed by the Research Department of Intesa Sanpaolo, which shows how the Piedmont districts have performed better than average of the Italian districts, which decreased by 1,1%.
Asia, the Middle East and Poland drive exports
Exports from the Piedmont districts have increased towards new markets (+1%), with Hong Kong, United Arab Emirates, India and Poland growing, both towards mature markets (+0,9%), with the United States, Ireland, the United Kingdom, Denmark and Germany leading the way. However, significant contractions were recorded in Belgium, France, China and Romania.
How the districts fared
In the first quarter of 2024, i agro-food districts Piedmontese saw an overall increase in foreign sales of 5,1%. But, while some districts such as Dolci di Alba and Cuneo (+18,9%) and Coffee, confectioneries and chocolate in Turin (+7,6%) have grown, others such as Vini delle Langhe (-2%) and Hazelnuts and Piedmontese fruit (-17,8%) recorded declines.
In fashion sector, there was an overall growth of 1,3%, with the Goldsmiths of Valenza increasing by 5,8%, while the Textiles of Biella saw a decrease of 2,2%.
The export of district mechanics Piedmont fell by 5,9%, with all districts at a loss: Machine tools (-1,1%), Taps and valves (-6,5%), Industrial refrigerators (-12%) and Textile machinery (-22,2 ,XNUMX%).
It flies, i Piedmontese technological hubs saw an increase in exports of 12,7%, thanks to the aerospace hub (+38,9%), while the ICT hub of Turin suffered a decrease of 7,6%.
“The good competitive capacity of the Piedmontese districts leads us to think that the growth rate will strengthen when international uncertainty, also linked to the blockage in the Suez Canal, eases. Among other things, the incentive framework linked to Transition 5.0 has recently been clarified, and this can only be a stimulus for sustainable investments, which will be able to benefit from important tax credits. Intesa Sanpaolo acted early by launching the financing program Your future is our company, which puts 10 billion available for Piedmont of euros right up Transition 5.0 and energy, international development, digital and cybersecurity, in close correlation with the objectives of the PNRR. The program is also an opportunity for small businesses, in particular for those that we support through the supply chains: in Piedmont alone 86 for a total of 4.400 supplier companies" he declared Stefano Cappellari, regional director of Northern Piedmont, Valle d'Aosta and Sardinia Intesa Sanpaolo.
