Italian exports are growing, but the international context is worrying

Published 2024년 6월 12일

Tridge summary

In the first quarter of 2024, Italian exports of fresh fruit and vegetables increased by 1.6% in volume and 2.5% in value, while imports also grew, resulting in a trade balance favoring imports by 96,146 tonnes. Citrus fruits performed well, but fresh fruit exports faced challenges with pears and kiwis. Tubers, vegetables, and legumes saw volume growth but a slight drop in value, and dried fruit exports continued to decline. Tropical fruit exports boomed, and apples and kiwis maintained their value despite volume reductions. Concerns were raised about the impact of international crises, particularly in the Middle East, on future trade. Additionally, the Egyptian currency crisis and Central Bank restrictions on foreign currency use are significantly hindering the export of autumn products to Egypt, posing a serious risk to the export campaign and the economy.

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

Original content

Italian exports of fresh fruit and vegetables continue to grow in the first quarter of 2024 both in volume (+1.6%) and in value (+2.5%) compared to the same period of the previous year. Imports also grew in double figures (+11.1% in quantity and +12.7% in value) with a trade balance that saw imports prevail by 96,146 tonnes over exports and recorded a balance in value that went from + 354,434 at +245,969 million euros, down 30.6%. Analyzing the individual sectors, the performance of citrus fruits is excellent, growing by 14.5% in volume and 8.5% in value in the key period for our exports, demonstrating a production year characterized by smaller sizes; Fresh fruit suffers which, while maintaining a positive trend in value (+3.5% over 2023), loses 11.9% in volume, thanks to the pear crisis and the production problems of kiwis. Exports of tubers, vegetables and legumes are growing by 9.9% compared to 2023, but are not rewarded by attractive prices, in fact their value drops by 0.2%. ...

Source: Myfruit