EXPORT: Eastern Veneto exceeds expectations in Q1 (+9%), better than Emilia, Baden Württemberg and Rhône-Alpes. AND AIMS FOR OVER 40 BILLION.

Germany, USA and China grow. In November mission to Romania leads to Kiev. Delegate Alessandra Polin: There is a huge potential for our Made in Italy yet to be exploited. Public-private teamwork in order to grow abroad. Romania strategic gateway to the Balkans and Ukraine.

Economy - published on 25 July 2023


Source: press office Confindustria Veneto Est

(Padua-Treviso-Venice-Rovigo – 24.07.2023) – In a world still exposed to shocks and uncertainties, export confirms itself as a solid engine of development for the economy of Padua, Treviso, Venice and Rovigo, exceeding expectations. In the first quarter of 2023, exports of Eastern Veneto in value were +9.0% higher than at the beginning of 2022, despite a decelerating world context, reflecting a good competitive resilience on international markets, beyond the inflationary dynamics that remain high. The performance thus marks a higher growth than Emilia Romagna (+4.5%) and European benchmark regions such as Baden-Württemberg (+7.9%) and Auvergne Rhône-Alpes (+8.6%), just below the Italian average (+9.8%), further behind Bayern (+14.6%) and Cataluña (+22.2%). The balance for Eastern Veneto companies in the January-March period about foreign sales is of 9.8 billion Euros, the highest value ever, equal to 50.1% of regional exports (Treviso 4,130 million, +4.8%; Padua 3,431 million, +12.2%; Venice 1,720 million, +14.3%; Rovigo 481 million, +6.1%), with a leap of Euro 804 million more than in the same period of 2022. A performance that projects the vast area’s exports beyond the record of 40 billion at the end of the year.

Looking at the target countries, in the first months of 2023 Eastern Veneto exports were concentrated in EU27 countries and North America, with excellent signals also from markets such as China, the Gulf countries, and India. With reference to the former, the most intense dynamics concern sales to Germany (1.4 billion, +7.2%), firmly the first partner, and France (1.3 billion, +18.6%). Spain grew by +8.4% (500 million), fourth market ahead of the United Kingdom (443 million, +2.1%), exports to the Netherlands (+12.7%) and Austria (+6.7%) increased. Among the non-EU27 markets, robust growth in exports to the United States, the third partner (742 million, +6.0%), Turkey (+41.8%), China (+13.3%), the United Arab Emirates (+35.4%) and India (+30.4%). There was still a substantial drop in Russia (-19.3%) due to the lingering effects of the conflict, and a smaller one in Switzerland (-4.2%). Worth elements to consider are Croatia (+15.0%), a new entry in the Eurozone, and the 2.1% increase in sales in Romania (ninth market), gateway to the Balkan region and Ukraine.

It is precisely Bucharest that will be the destination of the next entrepreneurial mission of Confindustria Veneto Est, from 7 to 9 November 2023, in collaboration with Confindustria Romania, as part of the protocol of last February between the two Associations (registration open until 28 July). With the primary objective of identifying partners and suppliers, as well as the opportunities opened up by the Romanian plan to implement the Next Generation EU.

In a context that is certainly not simple, characterized by geopolitical tensions and slowing international trade, the export performance confirms the great capacity of reaction, adaptation, and innovative strategies of our companies to be competitive on foreign markets, comments Alessandra Polin, Confindustria Veneto Est Delegate Councillor for Internationalisation. Internationalisation will still be the most important lever for business growth. This is why now is the time to activate every possible policy to support the international presence of our companies, of all sizes, there is a huge potential for Made in Italy that we absolutely must exploit. We must strengthen the teamwork between public and private figures in the government’s steering committee for internationalisation, economic diplomacy actions and free trade agreements. But we must also assist them in these processes, to grow abroad, even in new geographies, always counting on our information and training tools and our network of relations, to manage risks and seize opportunities. This is precisely the sense of the mission that will take us to Romania next November, addressed to the associated companies of Venice, Padua, Treviso, and Rovigo with the primary objective, in times of supply chain crisis and nearshoring, of identifying new partners and reliable suppliers to shorten supply chains and secure them. In addition to intercepting the opportunities opened up by the Romanian Pnrr (EUR 29.2 billion) and the EU RePower (EUR 1.4 billion) also for Veneto enterprises, in strategic sectors such as energy, infrastructure, transport and logistics, mechanics, and agro-industry. And also become the basis for our contribution to the reconstruction of neighbouring Ukraine.

The manufacturing sector alone is worth 97.6% of the exports of Padua, Treviso, Venice and Rovigo, and recorded an overall growth of +8.9% in the first quarter of 2023. In terms of sectors, those that contributed most to the performance between January and March were: machinery and equipment (2,024 million, +18.7%), textiles, clothing, leather and accessories (1,393 million, +19.4%), metals and metal products (1,057 million, +5.9%), electrical equipment (853 million, +3.9%). Also strong the export of food and beverages (+9.6%), rubber and plastics (+2.6%), means of transport (+5.9%), computers and electronic equipment (+16.4%), and petroleum products (+53.0%). Exports decrease in the first months of the year in chemicals (-5.0%) and wood (-7.9%).



Translated by Cecilia Flaccavento
Intern at the Chamber of Commerce of Treviso – Belluno|Dolomites

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