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Exports, promise kept: +2,7% in November, +12,6% in 2021

The year-on-year growth of exports is driven by refined products, metals and metal products, chemicals and food. Important increases also for furniture (+22,1%) and means of transport (+18,3%). Pharmaceuticals down (-4,1%). Food & Beverage grew above the sector average in Spain (+19,7%), Japan (+15,4%) and the Czech Republic (+14,1%)

Exports, promise kept: +2,7% in November, +12,6% in 2021

Sace confirmation for november a Italian export of goods growing (+2,7% on the previous month), thanks to the increases recorded both in the non-EU area (+2,9%) and in the EU (+2,4%). In trend terms, sales accelerated again in November, showing an increase of 16,8%. There growth on an annual basis it is led by refined products, metals and metal products, chemicals and food, which account for half of the recorded trend increase. Between January and November 2021, Italian exports grew by 18,4% compared to the same period of the previous year, to +6,3% compared to the levels of the same period of 2019.

In the first eleven months of 2021, exports to EU countries continue to mark +20%. The increase is sustained for the Netherlands (+33,3%), Poland (+24,1%), Spain (+22,9%), Germany (+19,3%) and France (+16,9% ). Marked growth also for sales to non-EU countries (+16,7%). Significant increases are highlighted by Mercosur (+31,2%), India (+29,7%) and China (+24,3%), more contained by Russia (+8,3%), Japan (+6,3 %) and the United Kingdom (+5,3%). In the same analysis period, the sales of food e beverages they grew above the sector average in Spain (+19,7%), Japan (+15,4%) and the Czech Republic (+14,1%). Important increases were also observed for leather goods in Madrid and Tokyo (+23,7% and +19,9% ​​respectively). Among intermediate goods, the demand for metals and metal products is growing sharply in all three markets (Japan +59,7%, Czech Republic +50,2% and Spain +36,4%) and that of chemicals marks increases of around 30% in Prague and Madrid.

In terms of major groupings of industries, i intermediate goods continue to record the most sustained growth (+23,7% yoy), thanks to the rise in prices in recent months, especially for metals and metal products. Capital goods follow (+16,7%), which discount the difficulties encountered in the supply chain of motor vehicles. The increase of remains more contained consumer goodso (+12,4%), still supported by the durable goods component (+30,4%) against a more modest increase in non-durable goods (+9,1%). Exports of Made in Italy furniture are growing strongly (+22,1%), thanks to the driving force of demand from non-EU countries (+26,5%) but also from some important European partners such as France (+25,8, 21,4%) and Spain (+18,3%). Sales of means of transport also show a significant increase (+22,3%), more marked in non-EU countries (+XNUMX%) thanks to the component of other means of transport. Pharmaceutical articles still down (-4,1%), after the increase in 2020. The decline is mitigated by demand from EU countries (+5,3%), in particular the Netherlands and Belgium, distribution hubs in the sector.

THEIstat it also released the usual update on the data on Italian trade with non-European markets, noting for last December a cyclical drop in exports (-2,1%) and an increase in imports (+4,3%). There downturn in exports it affects all the main groupings of industries, with the exception of non-durable consumer goods (+5,8%), and is determined in particular by the drop in sales of energy (-27,3%) and capital goods (-3,9 %). On the import side, there were widespread cyclical increases, except for energy (-1,1%). Despite the decline on a monthly basis, exports grow on an annual basis by 12,6%. The increase, spread across all groupings, is particularly high for energy (+63,9%). Imports show a tendential growth of 45,8%, also extended to all groupings and very strong for the energy sector (+115,6%).

The estimate of trade balance in December 2021 it was +4.737 million. There are increases on an annual basis in exports to most of the main partner countries outside the EU-27: the largest concern the USA (+32,5%), Opec countries (+32,0%), Turkey (+24,3%) and Russia (+14,2%). Sales to the United Kingdom (-11,4%), Asean countries (-7,6%) and Mercosur (-3,8%) decreased. Purchases from India (+70,2%), Mercosur countries (+61,9%), Russia (+58,6%), Opec countries (+53,1%), Asean (+52,5%) and China (+51,8%) recorded particularly high trend increases. While imports from London (-30,0%) are in sharp decline.

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