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Piedmont districts, exports grow by 13,8% in the third quarter of 2022: fashion is making a comeback

According to the usual Intesa Sanpaolo Monitor, in the third quarter of 2022 exports amounted to 9 billion euros. Fashion and above all the technological poles stand out

Piedmont districts, exports grow by 13,8% in the third quarter of 2022: fashion is making a comeback

I Piedmont districts they grow in export: in the first nine months of 2022 it amounted to 9 billion euros and recorded an increase of 13,8% compared to the same period of 2021 (+1,1 billion euros in value) and 7,5% compared to first nine months of 2019 (632 million euros). This is confirmed by the Studies and Research Department of Intesa Sanpaolo in its periodic monitor according to which exports did well both towards mature markets (+14,7% compared to the period January-September 2021) and towards new markets (+11,6%). Among the main commercial outlets, contractions were noted only towards Russia, Croatia, Ukraine and Hong Kong.

A positive picture emerges from the analysis by individual district: 10 districts out of 12 are growing, while there are 2019 districts that are above the export levels of January-September 9.

Piedmontese districts: the fashion system is recovering, hazelnut suffers

The period between January and September 2022 highlights the restart of the districts of the Piedmontese fashion system, up by 28% compared to the same period of 2021, better than the total of the districts of the system fashion Italian (+20%), even if the export levels of the first nine months of 2019 have not yet been recovered (-7,4%). L'goldsmith's of Valencia is still conditioned by the pricing policies of the multinationals present in the district. The Textile from Biella instead managed to fill the gap.

The trend on foreign markets of agro-food districts Piedmontese, compared to the first nine months of 2021 (+8%) and the first nine months of 2019 (+28,1%), is positive. The only point of attention concerns the district of Nocciola and Piedmontese fruit, which recorded a drop in exports compared to the first nine months of 2021 (-19,6%) linked to the damage caused to production by bad weather.

The technological poles stand out in particular

Exports of the Piedmontese district mechanics are growing (+8,1%). Even if still below the 2019 export levels: le Machine tools e industrial robots of Turin by -26,6% (also down compared to 2021 by -4,2%), ei Industrial refrigerators of Casale Monferrato by -1,7%. Instead, they surpassed pre-pandemic levels Textile machinery of Biella (+28,8%) and the Taps and fittings and valves of Cusio-Valsesia (+19%). THE technological poles Piedmontese closed the first nine months of 2022 with a rebound of +70,8%, significantly higher than the increase in exports of Italian technological hubs (+19,7%). The gap compared to the export levels of the first nine months of 2019 was also abundantly filled (+61,7%). Both poles showed intense growth: +10,9% for the ICT pole of Turin and +132,4% for the Aerospace hub of Piedmont, the latter protagonist of a real leap.

Cappellari: "2023 will be a complex year"

“In the first nine months of 2022 the Piedmontese districts are confirmed to be competitive – he declared Stefano Chaplains, regional director Piedmont North, Valle d'Aosta and Sardinia Intesa Sanpaolo -. There are few exceptions, but with precise and differentiated interpretations”. And for the future? “2023 will be a more complex year than the previous one. However, the general picture presents some encouraging signs, from the trend of inflation, to the drop in the prices of industrial metals and natural gas. What we notice at the regional level is the increase in extraordinary operations which consolidate entire sectors, such as in the Biella textile sector. And also the interest of foreign players and investors in our productions of excellence, for example for the most innovative manufacturing".

“Right now it is essential that companies understand how best to fit into the virtuous circle grafted on by the funds of the PNRR – concluded Cappellari -. This is why we have created the Incent Now platform, through which large and small companies can access the available tenders and receive consultancy in the presentation of projects. The prospect is also to benefit from the additional resources that Intesa Sanpaolo has allocated through a 410 billion plan, of which 270 for businesses”.

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