The end of 2017 brought very good results for the Italian trading industry, with exports registering a total increase of 7.4%. This year started the same way, as the rise in export numbers continued in the first 3 months of 2018, with a slower growth in January because of the fewer working days. Enterprisers who want to open companies in the trading sector can receive advice from our company formation consultants in Italy.
The new year has brought a 9.5% growth in exports between January and March. If in January exports have registered a slower growth rate because of the reduced number of working days, it then picked up again, once the activities were picked up at a normal pace. In numbers, in January exports rose by 2.5%, while in February they have increased by 2.7%. Imports have also rose in the first 3 months of 2018 by 4.4%.
When it comes to the products exported by Italian companies, ISTAT indicates a significant increase in exports of pharmaceutical products, chemical and botanical products which together have grown by 25.9%. These were followed by the exports of metals and metal products, which grew by 14.4%, manufactured goods which registered a 13.4% increase and food, beverages and tobacco products which have also increased their export numbers by 12.8%.
Our company registration agents in Italy can also help investors who want to open businesses in the FMCG sector.
Once again, the Made in Italy brand was the most appreciated which is why most of the products exported by Italian companies were directed to EU countries. Switzerland, Spain, Germany, the United Kingdom and France were the countries to import most of the Made in Italy products. Exports to Switzerland and Spain rose the most: by 22%, respectively 10.7%.
The trade balance registered at the beginning of the year was negative (-87 million euros), however the energy sector registered a surplus of 3 billion euros.
For full information on import/export regulations in Italy, please feel free to contact us. You can also rely on us if you are interested in opening a company in Italy in any of the fields mentioned above.