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Which exports for 2017

13th December 2016

On November 25th the Anima event "Quale export per il 2017" (Which Export for 2017) was held at the headquarter of Il Sole 24 Ore. During the institutional round table "Support for companies", export support tools were discussed with representatives from government bodies.

One of the issues raised by the moderator, Lello Naso, managing editor of Business and Territories for Il Sole 24 Ore, was the change that has occurred in recent years in the institutional approach to the internationalisation of companies.

Exports, markets and internationalisation were the focus of the Anima event.

In the first of the two scheduled round tables, representatives from General Electric Italia, Alessi, Pieralisi Group and Cib Unigas presented some case studies in light of their export experiences, with commentary from Euler Hermes and PwC. The second round table saw an exchange between the institutions involved in supporting companies, with the participation of Michele Scannavini, president of Ice, Alessandro Decio, CEO of Sace and Nicola Lener, head of the office of internationalisation at the Ministry of Foreign Affairs.

The morning's work ended with awards for the Anima companies, some words from President Caprari and the conclusions of the undersecretary of the Ministry of Foreign Affairs, Benedetto della Vedova.

As shown in the graph, between 2008 and 2009 exports suffered a major setback. In 2013 mechanical engineering exports started to exceed pre-crisis levels. Now they are growing beyond those levels.
Europe is still the most important market for the sector with 44%, followed by Asia (22%) and North America (10%).

Germany, United States and France occupy the first three positions for the exports of Italian mechanical engineering.

"The fear was that we would have to deal with much more dangerous economic and political consequences than expected",- Alberto Caprari, President of Anima, declares. "Also the last few months have not created a critical situation for exports. The events in Turkey did not affect trade and the US election did not upset the stock market. Even Brexit has not excessively impacted business activities. The price of oil seems to have settled at $50 a barrel, becoming profitable. If there is going to be a significant echo in the changing geopolitical situation we will probably notice it in 2017.

Our French neighbours have increased their demand for Made in Italy products by +10%, reaching €1.18 billion with a positive peak demand for boilers (+21.9%) and fork lift trucks (+11.1%), in addition to handling equipment. Overall Great Britain and Spain have confirmed and increased their imports of products manufactured in Italy. In sixth place we find Turkey with a +24% of Italian exports for a value of €418 million, after a sharp decline since 2012. Saudi Arabia, which had continuously increased since 2010, reversed the trend in 2015 with a -21% drop. The oil war has greatly affected the purchasing power of the country, slowing all sectors and related projects. With collapses like Russia followed by rebounds and recoveries, exports are still driving and favourably supporting the Italian mechanical engineering industry".

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