Italian Plastics and Rubber Machinery Exports State Encouraging 1st Quarter
The analysis by Assocomaplast (the Italian trade association, belonging to Confindustria, which groups together some 160 equipment makers) of the Istat figures for Italian foreign trade in the first quarter of this year shows that exports are up by almost nine percentage points compared to January-March 2013. Extruders and blow molding machines, to name just two of the most significant categories, showed especially strong growth.
The industry for sure hopes for the long-awaited recovery in production (or at least a reversal of the downward trend), propelled precisely by exports which account for more than 65% of the Italian sector’s revenues.
Contributing to the general rise in exports was the double-digit growth in sales to some key countries, first and foremost among which is China. Other noteworthy positive changes were those for sales of Italian technology to destinations such as the Czech Republic, Mexico, the United States, Russia, and Turkey. Running counter to this positive trend, exports toward Brazil were down, while sales to India also performed below average: +4%.
Imports, meanwhile, continued weak – though to a lesser extent than in the previous months – reflecting a domestic Italian market that still has not found its feet.
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