Foreign trade dynamics in Belluno and Treviso Provinces in 2017

Export in Treviso Province closes the year with an increase by +5,6% in comparison to 2016, with an amount of almost 13 billion (12,9 bn).

Economy - published on 15 March 2018

With such amount, Treviso confirms to be the seventh Italian Province for foreign sales and the second in Veneto Region after Vicenza.

Export in Belluno Province affirms itself stationary (+0,9%), on the record levels reached last year, with an exchange amount closed to 4 billion Euros (3,9 bn).

Italian export increases by 7,4% on annual basis, sustained by motor vehicles and refined oil products (Sicily). If we consider the IV quarter in comparison to the III quarter 2017, excluding sales
of energy products, the most significant export dynamic is in the northern-east part of Italy (+5,7%).

As already mentioned within the midterm financial report, the Venetian territories have not failed to hook the new start of the global trade, after the stop between the last part of 2015 and the
beginning of 2016.

Veneto Region closes 2017 with an export rate of 61,3 billion, growing by 5,1% over the previous year, amounting the 13,7% of the national export (just after Lombardy).
Following Milan and Turin, it places a Venetian Province (Vicenza), with 17,7 billion of export and a growth by +5,6% compared to 2016. Brescia, Bergamo and Bologna follow and Treviso places at
the seventh place, with 12,9 billion export, growing by +5,6% like Vicenza.

The first six export sectors of Treviso are: industrial equipment (+3,3%), furniture (+3,0%), household appliances (+12,9%), shoes (+6,2%), steelworking (+9,2%) and clothing (one
of the few negative, -1,4%). Together, these sectors represent the 60% of Treviso export.

To highlight the performance of beverages (that is Prosecco wine): +6,9% the export annual variation, combined with +6,5% of food sales. The agri-food system of Treviso
exports by now goods with a value closed to 1,2 billion Euro.

Referring to the markets of the manufactory sector, the growth of EU28 markets (+5,4%) and extra EU markets (+6,1%) is getting back to balance. Focusing EU, the trade is
particularly good towards France (+6,5%) and Poland (+20,8%).The strong growth towards Nederland (+17%) should be analyzed taking into account the Rotterdam-effect (goods on exit from the port
towards other destinations).

The export towards UK is negative: -0,3%. A signal that is too weak to provide any interpretation referred to Brexit.

Extra EU markets show a new start of trade towards Russia: from -7,7% of last year to +15,9%. Sells in USA are good (+10,4%). Slightly decreasing the export towards OPEC countries (-2,0%). The
export dynamics in eastern Asia are differentiated: very active (in double figures) towards some “Asian dragons” (Thailand and Indonesia), +9,2% towards China and Hong-Kong, strong decreasing -29%
towards India.

The export of Belluno is as usual polarized by eyewear sector, whose foreign sales represent more than 71% of the total exports of the Province with an amount closed to 2,8
billion Euros.
The trend of such sector, basically steady (-0,7%), is affecting the data of the Province (+0,9%). This does not do justice to other sectors that are much more vibrant:
first of all, the machinery, whose foreign sales are increasing by +5,6% reaching an impact of 11% in the total export of the Province.

To be mentioned also the export dynamics of clothing (+26,7%, almost 60 million foreign sales), metalworking (+7%), metal products (+10,5%) and electric appliances (+4,8%).
Referring to markets, the export of Belluno still presents a strong gap between the growth in EU28 markets (+7,6%) and the decrease in extra EU markets (-4,8%). The exports towards Russia (+15%)
and Mexico (+44,6%) show a positive counter-trend in comparison to the before mentioned geographic areas. Strongly decreasing instead the export towards Japan (-58%). Such sharp variations are
conceivably to be understood as effect of eyewear sector productive processes reorganization at global scale, instead as real market trends.

“The production system of Treviso-Belluno is really an export machine, able to generate sales in international markets closed by now to 17 billion Euros. – says the President of
Treviso-Belluno Chamber of Commerce Mario Pozza. The connection with foreign demand is essential – he adds – because not only it allows training constantly our
competitiveness, but also because it leads to a consolidation of relevant partnerships, whose positive effects benefit the entire supply chain. This is especially occurring in the machinery and
machining sectors”.
“Our analysts – concludes Pozza – are now trying to deepen and understand the sectoral trends per markets. Results and outcomes will be ready for the usual meetings for the
presentation of the annual reports. I would like to add that when Istat data certify that the 54% of national export is all concentrated in three Regions – Lombardy, Veneto and Emilia Romagna, in
my opinion such picture has a value that goes beyond the mere economic data”.

By the Office for Studies and Statistics of the
Treviso-Belluno Chamber of Commerce.

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