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HOME  /  News  /  Italian Food exports are worth 60 billion (+16%).
15
NOV | 2023
Italian Food exports are worth 60 billion (+16%).
Francesco Lollobrigida (Minister of Agriculture, Food Sovereignty and Forestry):
"These numbers demonstrate that the world is hungry and thirsty for Italy".

2022 also marked a record for Italy's agri-food trade, both for imports, which reached the value of almost 63 billion euros (+29.3%), and for exports, which after exceeding in 2021 the 50 billion, in the last year they have approached the threshold of 60 billion euros (+16%).
These dynamics are strongly influenced by the growth of international prices, even if increases in value are often accompanied by increases in volumes traded, although of lesser intensity. The performance for exports of made in Italy agri-food (typical products) was excellent, with growth of 14.4% in 2022, higher than that recorded in the previous two years. This trend is mainly driven by processed products, such as pasta and tomato preserves. These are the main data that emerge from the 2022 Report on foreign trade in agri-food products, now in its 31st edition, produced by CREA Politics and Bioeconomics.

In 2022, the growth of Italian agri-food exports is generalized and concerns almost all the main markets and products. A few exceptions are made, such as apples, which are decreasing in both value (-2.1%) and quantity (-3.6%), and DOP red wines, for which increases in value hide contractions in exported volumes. Even on the import side, the increase, especially economic, affects many of the main products and is particularly marked for seed oil, raw coffee and corn. Purchases of fish products in volume, after the clear growth in 2021, have started to decline again in the last year, against an increase in value. In general, for both imports and exports, net increases often correspond to smaller increases, or even reductions, in the quantities exchanged, thanks to the general increase in average unit values. The export of Made in Italy agri-food products, i.e. those products recognized abroad as typical of our country, will reach almost 43 billion euros in 2022, growing by over 14%. Excellent performance in sales of pasta (+38% in value) and canned tomatoes (+28%), after the setback of the previous year. Sales of other important products, such as olive oil and roasted coffee, also grew in value by over 20%.

In 2022, the EU27 area concentrates 58% of Italy's foreign sales and 68% of purchases, shares slightly decreasing compared to 2021. Despite Brexit, exports to the United Kingdom increase by more than 13% %. The effects of the conflict, however, determine a contraction of our flows towards Russia and Ukraine. North America confirms itself as the top non-European destination market, thanks to the sales of many Made in Italy products, such as extra virgin olive oil and DOP sparkling wines, for which the United States is Italy's top customer. On the import side, the role of Asia is increasingly significant, with a 9% share of Italian agri-food imports. All the main import products from the Asian market have an impact, such as oils and fatty acids for the cosmetics industry, raw coffee and fish products. The data for the first six months of 2023 show a further increase in trade in value, although more limited than that seen in 2022. The percentage growth of agri-food exports is in line with that of imports. In particular, exports in the first half of the year grew by 8.4%, exceeding the record value of 31 billion euros, while imports recorded a +8.9%, with a value of approximately 33 billion. In many cases, increases in the value of trade correspond to smaller increases or contractions in the quantities exchanged, such as, for example, for pasta exports (+6.7% in value and -6.4% in volume) or imports of processed fish (+6.6% in value and -4.1% in volume). The export of DOP red wines in quantity shows a contraction (-10%), only partially offset by the increase in prices. However, thanks to the greater exports of other types of wines, such as IGO whites or DOP sparkling wines, the wine sector remained overall stable in the first half of 2023. Roasted coffee exports are growing (+13.4% in value and +3.5% in quantity), confirming the excellent performance of 2022.

The trend in sunflower oil imports is highlighted: after the sharp increase last year also linked to the surge in prices, in the first months of 2023 there was a strong contraction in the value of purchases (-25%), accompanied by a much smaller decline in quantities (-2.3%). The reduction in the international price of this product, after the peak reached in 2022, has an impact.


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