Exports fall in December, Made in Italy at a standstill for the whole of 2023

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Closing in break-even for Italian exports, which with the fall in December (-7.8%) cancels out the weak progress accumulated in the first 11 months of the year, which were also experienced in swings, with another four periods in the red trend. On the one hand, this results in a growth in unit values ​​of over five points, which however is counterbalanced by a similar decline in volumes. Just as the trend in the various markets is opposite: Europe is down 2.3% in the 12 months, while non-EU markets are up 2.5%.

In the data recorded by Istat, sales are detracted from by Europe’s great sufferer, Germany, which continues in its phase of weakness, with industrial production falling even in the latest surveys (-3% in December) and consequent decline in orders.

If in 2022 exports to Berlin, after a fifteen-point increase, brought 77 billion into the coffers of our companies, last year we dropped to 74.6 billion, a slowdown of 3.6% accentuated by the decline in December, which reached ‘11.8%.

A complicated year, in general, for international trade, decreasing in volumes after years of progress, held back by a geopolitical context that does not encourage trade, between the Russian-Ukrainian war, the conflict between Israel and the Palestinians, continuous obstacles in transit on the Canal of Suez. A slowdown which was evident several times in the year in Istat numbers, with 4 (5?) months in the red compared to the same period of the previous year.

The 2023 budget is so far from the glories of the previous two years, which had seen the values ​​jump upwards by 19.2 and then 20% respectively, bringing the total to the new historical record of 626 billion, well beyond of pre-crisis values. 2023 ends almost exactly at those levels, with just around twenty million euros less to be honest.

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