According to the "Rapporto Export 2023 - Il futuro è adesso, insieme" by Sace S.p.A., Italian export for the years 2023-2024 will be characterized by a significant market diversification.
The new players in this scenario will be the Gulf countries, India, Thailand, Vietnam, Brazil, and Croatia. This trend represents an important change, marking an expansion of Italy's economic horizon towards emerging markets, demonstrating the increased resilience and adaptability of Italian companies.
In the United States, Italian export recorded an impressive +32% in 2022 compared to the previous year, reaching a total of EUR 65 billion in exports. Also during the current year, U.S. is the 2nd destination market for Italian exports and the 1st destination market for Italian exports within the Americas.
This phenomenon is the result of the excellent performance of the American economy, which, after a slow start to the year and the risks - fortunately averted - of a banking crisis, is expected to grow by 1% for the current year.
The large internal market in the United States and their energy independence have allowed the country to maintain a good economic performance, further strengthened by the push of the IRA to various sectors of the economy.This has allowed Italy to surpass France as the second destination market for Italian sales abroad, consolidating itself among the ten most dynamic economies. Our export value to U.S. is expected to increase by a further 6% this year and 4.5% in 2024. Among the most promising sectors, electrical appliances, chemical products, and rubber and plastic products stand out.
Italian exports to USA (source: Sace S.p.A.)
Focusing on individual state realities, Florida emerges as one of the most promising states for Italian export, but also for Italian Foreign Direct Investment (FDI), especially in the sectors of clean energy, aviation and aerospace, yachting and boating, IT, food, and beverages.
According to data from the U.S. Department of Commerce, in 2022 Italian export in Florida recorded a record increase of 26.6%, for a total of 3.5 billion dollars.
This once again highlights the ability of Italian companies to seize opportunities offered by the most dynamic foreign markets.
