June was one of the best months of this year in terms of exports for the Italian economy. With an overall growth of 8%, Italian trading companies have reported that the highest incomes were generated to extra-community exports in June. Foreign investors who want to open companies in the trading sector can rely on our Italian company formation consultants.
The Italian Statistics Office (ISTAT) issued a new report on the import-export activities of Italian companies in the second quarter of the year which indicates a strong rebound of export activities in June. On a year-to-year basis, extra-EU exports registered the best results with an 8% increase, compared to the same month of last year.
Most of the products entered the US and the Swiss markets and, according to ISTAT, most of these were ordered in large amounts. In numbers, exports to the US rose by 18.8%, respectively by 55.1% to Switzerland.
Most of the products exported by Italian companies enter the category of FMCG (with a 2.8% increase) and that of capital goods (with an increase of 3.9%).
With respect to imports, energy and manufacturing companies registered the highest increases of 28.3%, respectively 1.8%. These imports account for the second quarter of the year.
Foreign investors can open various types of companies in the trading, retail or FMCG sectors in Italy with the help of our local representatives.
One of the biggest surprises in terms of exports since the beginning of the year is represented by leather luxury goods produced in Italy. The exports of these products grew by 7.2% since the beginning of the year, reaching a total value of more than 2 billion euros. Among these, footwear products were the most sought.
Switzerland was once again one of the most important trading partners for Italy and it was closely followed by Germany, China, and Russia.
Foreign entrepreneurs who want to set up companies in the fashion industry can benefit from several support measures implemented by the government. They can also rely on us for assistance with the company incorporation process in Italy, so please contact us.