In 2018, the Italian export growth got close to 3 billion euros
Italian export registered a positive trend in 2018. Prometeia, based on Istat data, higlighted how exports of construction machinery grew (+ 5.7%) to reach a value of 2.958 billion euros.
The numbers come from the SaMoTer Outlook 2019. That is the sector report presented at Veronafiere during the 5th edition of the SaMoTer Day. The event that represents one of the steps to approach to the 31st edition of SaMoTer. The international exhibition on construction machinery that will take place in Verona (Italy) from 21 to 25 March 2020.
Higher growth in export (+ 11.8%) was in earthmoving machinery and equipment, which rose from 1.22 billion to 1.37 billion euros, supported in particular by segments of self-propelled excavators with a superstructure that can rotate by 360 degrees; front-loading loaders and diggers-loaders; machines for public works, buildings or similar works. Exports of tower cranes also performed well (+ 9.7%), while exports of road machinery (-6.9%) and drilling machines (-1.7%) slowed down.
Western Europe is the main market
Western Europe remained the leading destination market for earthmoving machinery and equipment. This is also where Italian manufacturers exported over 664 million euros (+ 8.6%) compared to 2017. Follows North America (+29, 9%) with values exceeding 179 million euros and also Central Eastern Europe and Turkey at 177.3 million euros (+33.1%).
Western Europe was also the leading destination market for tower cranes (the value of exports was 151.8 million euros in 2018, +6.2% on a trend basis). Behind, with quite the gap, the North American markets with 34.1 million euros that registered a 78.7% growth in one year, and Asia (excluding China and India) which in 2018 got close to a turnover of 25 million euros (+19.6%). Central and Eastern Europe and Turkey went from € 20.7 million in 2017 to € 13.9 million, down 32.6 percent.
Positive trade balance: +6.7% compared to 2017
Italy’s trade balance in 2018 reached 1.946 billion euros, up 6.7% compared to 2017. Imports were over one billion euros. Italian construction machinery imports exceeded 1 billion euros in 2018, with a growth of 3.9% compared to the previous year. The earthmoving machinery and equipment segment grew by 6.3%, bringing Italian imports to over 752.6 million euros. Positive performance also for tower cranes (+ 31.5%). Western Europe was the first area of reference for Italian construction machinery imports.
SaMoTer for business
Claudio Valente, vice president of Veronafiere, said: «With initiatives such as SaMoTer Day, we want to offer to the sector a means of promotion and business developing other than the usual event, which remains one of the most attractive at international level, in its triennial frequency. In a scenario characterized by high dynamism, with trends that are not strictly homogeneous at global level, the SaMoTer outlook translates into a tailor-made tool for companies, useful to find the right way within the markets and for perfecting a continuous training path for operators».