Agenzia Giornalistica
direttore Paolo Pagliaro

Italian exports soar with Asian and Middle Eastern dynamism

BigItaly International

Italian exports soar with Asian and Middle Eastern dynamism

The dynamism of Asia, a benchmark for Italian exports, continues to drive global growth, contributing over 60% to exports. With the push towards improving the manufacturing sectors in countries like Vietnam and Malaysia and technological innovation in India and Thailand, Sace forecasts a 6.5% growth in Italian exports in 2024 and 6.1% in 2025. The Gulf region is also in full development, with Saudi Arabia, the United Arab Emirates, and Qatar aiming for economic diversification and energy transition. Forecasts predict a 7.4% increase in 2024 and a 7.9% increase in 2025 for Italian exports to this region. Despite their differences, Asia and the Middle East share the goal of strengthening their economies through the green economy and digitalization. This shift opens numerous opportunities for Italian businesses. India, with its economic revival policies and need for sustainable energy, is one of the most promising markets, supported by Sace's presence in Mumbai. Vietnam, with its strong openness to international trade and ambitious infrastructure development plans, offers opportunities for Italian businesses, especially in the automation and renewable energy sectors. In China, Italian exports will continue to grow, albeit at a slower pace, with opportunities linked to the green transition in the automotive, renewable energy, sustainable mobility, and agritech sectors. Recently, Sace signed an important deal with the Chinese group Legend to facilitate the entry of Italian exporters. Japan, with a stable demand for tech products, and Singapore, a financial and manufacturing hub, represent vital markets for Made in Italy. South Korea and Indonesia, with their industrial expansion and demand for capital goods, also offer growth opportunities for Italian businesses. Sace actively supports Italian companies in the Gulf countries, with offices in Dubai and Riyadh. In the United Arab Emirates, Italian export sectors, from consumer goods to machinery, benefit from economic diversification and technological innovation. Saudi Arabia, with major infrastructure projects in view of Expo 2030, offers significant opportunities for transportation and electrical equipment. Uzbekistan, with its ambitious economic reform plan, and Kazakhstan, rich in natural resources and active in infrastructure investments, represent growing markets for Italian companies, supported by Sace's operations in these countries. The Italian export train travels on solid tracks, driven by the collaboration between Sace and the dynamic economies of Asia and the Middle East, opening new routes of opportunity for Made in Italy. (9colonne)


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