Whether Italy'S Exports Can Continue To Grow Is Worth Looking Forward To.

According to the data released by the Italy National Bureau of statistics, the export of Italy's fashion industry (including textiles, garments and leather goods) increased by 1.7% in 2015. Germany and France are still the largest export markets in Italy, but their demand has dropped by 2.2% and 0.5% respectively, while Italy has the fastest growing exports of fashion products, including the United States. Asia The active economies market (EDA, including Singapore, South Korea, Taiwan, Hongkong, Malaysia and Thailand) increased by 17.1% and 9.3% respectively.

Experts from the joint research and Investigation Department of the St Paul Bank of Italy pointed out that the acceleration of export growth and the expansion of exports to the EU's external market by the end of 2015 were the main reasons for the export growth of fashion products in Italy.

Unlike France and Spain (Italy's traditional competitors in the EU), which focus on the 28 member domestic markets of the European Union, Italy's export growth power mainly comes from the EU's external market, and its export growth in 2015 is 3.1%.

Analysts pointed out that the overall recovery of the US economy and its fashion and Luxury goods The expansion of consumption is the most important factor driving Italy's export growth. On the other hand, Russia's consumers are depressed because of the decline of ruble and the fall in oil prices. Purchase quantity A serious drop led to a sharp drop of 30.8% in Italy's exports to Russia, just 1 billion 237 million euros.

At present, Russia has fallen out of the top 10 of fashion products in Italy, ranking eleventh. In terms of exports to China, Italy's fashion products increased by 10% in 2015, but the report said that the total value of China's imports was only 1 billion 748 million euros, less than half of that of the United States ($4 billion 17 million).

In predicting the export situation in 2016, the report said that similar to 2015, Italy's export growth continued to depend on the US market demand. According to the current trend, the United States is expected to replace France and become the largest market of fashion products in Italy.