Home » The Chinese rebound is not enough: extra-EU brake on Italy’s exports

The Chinese rebound is not enough: extra-EU brake on Italy’s exports

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Among the sectors that contribute most to the decline in exports are means of transport, excluding motor vehicles (-28.0%), refined petroleum products (-32.5%), clothing items, including leather and fur ( -10.9%), leather goods, excluding clothing, and the like (-10.5%) and machinery and equipment nec (-2.8%).

Sales of base metals and metal products, excluding machinery and plants, are growing strongly (+ 8.9%).

On an annual basis, the countries that contribute most to the decline in exports are the United States (-21.1%), OPEC countries (-20.2%), France (-5.8%), United Kingdom ( -12.5%) and Spain (-9.1%).

Sales to China (+ 54.1%, physiological rebound after the Chinese lockdown in February 2020), Poland (+ 16.3%), the Netherlands (+ 11.7%) and Germany (+ 2.0%) increased .

In the first two months of the year, the downward trend in exports (-6.3%) is due in particular to the decline in sales of means of transport, excluding motor vehicles (-31.2%), refined petroleum products (-34 , 6%), clothing items, including leather and fur (-17.2%) and leather items, excluding clothing (-13.8%). The estimated trade balance in February 2021 is equal to +4,754 million euros (it was +5.975 in February 2020). Net of energy products, the balance is +6.967 million (it was +8.444 in February last year).

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