Foreign trade data for the first half of 2025 Exports from Treviso and Belluno down slightly
The downward trend is -2.0% for Treviso and -2.2% for Belluno.
Comment by President Mario Pozza
“The data on trade for the first half of 2025, released by Istat in recent days, show a slight decrease in provincial exports for both Treviso (-2.0%) and Belluno (-2.2%),” comments Mario Pozza, President of the Treviso and Belluno|Dolomiti Chamber of Commerce.
This is an average result that, as expected, is affected by the uncertainty generated by US trade policies,” continues the President.
For Treviso, the United States is the third largest market in terms of export value: for the first six months of the year, it accounted for almost €646 million, or 8.3% of the provincial total. For Belluno, the US is the largest market with over €342 million (12.9% of the provincial total). Compared to the first half of 2024, Treviso’s exports to the United States are down by 4.4%. Fears over tariffs have slowed exports of industrial machinery in particular, but furniture and household appliances are also down. Beverages (mainly prosecco) have benefited from an advance in demand. Compared to the first half of 2024, sales were up +10.8%: this result is due to the strong acceleration in the first quarter, when exports grew by almost +30%.
For Belluno, the US is the leading market with over 342 million (equal to 12.9% of the provincial total). Compared to the first half of 2024, Treviso’s exports to the United States are down by -4.4%. Fears of tariffs have slowed down exports of industrial machinery in particular, but furniture and household appliances are also down. Beverages (mainly prosecco) have benefited from an advance in demand. Compared to the first half of 2024, sales were up +10.8%: this result is due to the strong acceleration in the first quarter, when exports grew by almost +30%. For Belluno, the decline in the American market is mainly due to eyewear. This item accounts for almost 90% of the value exported to the US, and sales have fallen by 41.4% compared to last year. This decline suggests a reorganisation of the supply chain, which may not be entirely attributable to tariffs.
Another finding that emerges from the data is the recovery of provincial exports to the German market: for Treviso, the change is +1.0% (with particular increases in machinery, food, and other electrical equipment) and for Belluno, it is +6.1% (eyewear, machinery, electronics, and sensors). Exports to Mexico are also booming for both Treviso and Belluno. These figures are important because, on the one hand, they show us the importance of the European domestic market recovering, with appropriate support; on the other hand, they reaffirm the equally strategic value of market diversification, which I have often emphasized.
I would add that, despite these disruptions, the most recent indicators, outside the observation period for the export trends discussed here, are showing weak but significant signs of a recovery in manufacturing supply chains, as was already evident in the Unioncamere del Veneto economic survey on manufacturing.
A good indicator in this regard is machinery exports. In Treviso, despite a significant decline in exports to the US, overall exports are holding steady (+0.6%), with markets such as Germany (+14.5%) and France (+8.6%) recovering significantly. In Belluno, with the cold chain, exports are up +9.1%.
