Italian Food and Beverage Exports Expected to Reach EUR 60 Billion by End of 2022

Total Italian food and beverage exports are expected to reach EUR 60 billion by the end of 2022 based on Istat’s foreign trade data for the first seven months of 2022. The data indicates a YoY increase of 19.5% despite the Russia-Ukraine war and international tensions on world trade in goods and services.

Germany remains the main export market, up 13.7% in January-June, ahead of the US, which is up 21.4%. France is in third place with a growth rate of 20.2%. The UK also experienced positive growth of 20.5% which highlights how Italian exports proved to be stronger than Brexit, after the initial difficulties related to leaving the EU. Turkey also has a 25.7% growth rate, while China and Russia experienced declines of 25.8% and 14.8% respectively due to sanctions and war.