In the third quarter of 2024, international trade in the countries of the G20 showed signs of recovery, with expansion in both the goods and services sectors. This is according to the new OECD bulletin, according to which Italy, although with a mixed performance, recorded interesting growth in some areas, contributing to the overall recovery of the European Union and reflecting global economic dynamics. In detail, Italian merchandise exports increased by 1.0% compared to the previous quarter. This result was mainly trained by exports of clothing items and food products, traditionally strong sectors for the Italian economy. The increase was part of an overall recovery in the European Union, which saw its exports grow 1.8%, with significant contributions from Germany and France. However, it is important to note that Italy's imports of goods grew faster, up 2.6%. This reflects higher domestic demand, especially for capital goods and raw materials needed by the manufacturing sector. Trade in services showed a more complex picture. While Italy's exports of services declined by 5.3%, influenced by a contraction in tourism in some regions, imports of services grew by 2.1%, driven by higher spending on transportation services and technical and professional consulting. This trend highlights a phase of reorganization in the sector, which could benefit from new strategies to increase international competitiveness.
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