Italian Agri-food exports slow down in 2020, but increased by more than 1.7% in 2019

Published 2021년 4월 15일

Tridge summary

In 2020, despite the pandemic, Italy's food and drink exports exceeded 46 billion euros with a modest 1.7% increase from 2019. The agri-food sector accounted for nearly 11% of Italy's total exports, showing a surplus of 3 billion euros due to a 5% drop in imports. The report highlighted growth in exports of semolina pasta, tomato preserves, and certain fruits, but a decline in wine and cheese exports. The European Union continued to be the primary market, absorbing nearly 64% of exports, while direct exports to non-EU countries, especially Ukraine and China, saw a significant increase. Exports to the USA also increased by 5.4%.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Rome, March 17, 2021 Despite the crisis triggered by the pandemic, the export of food and drink made in Italy, which in 2020 exceeded the threshold of 46 billion euros, remains. The increase in our shipments is just 1.7% more on 2019, far from + 7% in 2019, but in contrast to the strongly negative performance of overall national exports (-9.7% on 2019) Today, as can be seen from the Ismea report on foreign trade, the agri-food sector has reached a weight of almost 11% on total Italian exports and sees, after years of deficit, a surplus of 3 billion euros in trade balance, due to the drop in imports of over 5%. Our exports were driven by semolina pasta (+ 20%), tomato preserves (+ 9.7%), some fruits such as: apples ( + 13%), table grapes (+ 13%) and kiwis (+ 2.4%), and olive oil (+ 6.4%). On the contrary, 2020 showed negative performances for wine exports (-2.3%), with a more marked decline for sparkling wines (-7%) compared to still wines in bottle (-1.0%). Even cheeses have ...

Source: ITIsmea