Made in Italy production is facing a global market shrinking due to internationalization problem
Demand grows in markets that, for Italian businesses, are more difficult to penetrate even though international markets continue to reward the most innovative and best quality of high design Italian manufacturing which has grown firmly in recent years.
Sectors like wine and beverages ($1 billion in surplus in the third trimester of 2013, second only to France), grain-based products (0.9 billion, we are first), footwear (1.6 billion), leather goods (1.4 billion), non-knitwear clothing (1.8 billion), eyeglasses (0.5 billion), furniture (2.5 billion), and ceramics (1.1 billion) keep on increase their revenues.
In particular some sectors grow still, such as: mechanical automation including packaging machines (637 million dollars in the third trimester of 2013 only), faucets and valves (1.665 million), industrial refrigeration (227 million), helicopters over two tons (347 million), yachts (665 million), some kinds of special liquid pumps (234 million), industrial machines for pasta and baked goods (155 million), tobacco industry machines (80 million), machines for the industrial preparation of fruit and vegetables (28 million), wine and fruit presses (47 million).
Bilateral trade: the right way to internationalize is to choose the right partner
Giorgio Strarace, the Italian ambassador to the UAE, during a meeting at the Italian foreign ministry in Rome affirmed that bilateral trade between Italy and the UAE grew up to 15% in 2014, boosted by demand for industrial machinery in the infrastructure sector.
Bilateral trade between the countries was €6.9 billion in 2013. According to figures from the Italian embassy in Abu Dhabi, about four fifths of that trade consisted of exports from Italy to the Emirates.
The biggest component was jewelry at €1.25bn.Looking ahead, trade growth is expected to come from the agri-foods sector, with many Italian restaurants opened and will open in Dubai and Abu Dhabi. Also, demand for Italian companies and machinery is high in the construction sector.
During the last edition of Hotel Show Dubai 2015 Giovanni Favilli, Consul General of Italy in Dubai visited SVA Group and Astrea Mideast DMCC stand.
In here, Mr. Favilli met Gianluca Marano, CEO of SVA Group and Managing Director of Astrea Mideast DMCC and affirmed:
“Made in Italy here is selling like hotcakes, but it’s important to know the market to exploit the potential. Professional counseling is the only way to enter the UAE market.”
The UAE is asking for Italian products. It craves for Made in Italy excellence. Your company just has to choose the right partner to consolidate the right path for your business.
Bilateral trade: Matteo Renzi met Sheikh Mohammed bin Zayed Al Nahyan
Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, met the Italian Prime Minister Matteo Renzi on Tuesday, October 7th to discuss ways to enhance relations between the two countries.
The Italian Prime Minister received Sheikh Mohammed at Palazzo Vecchio, the town hall of Florence. He was accompanied during his visit by Sheikh Abdullah bin Zayed, Dr Sultan bin Ahmed Sultan Al Jaber, Minister of State, as well as other government and military officials. The meeting touched on the ties of friendship and cooperation between the UAE and Italy and ways to boost them, particularly in political, economic and investment.
“The business sectors in both countries have the potential to increase their collaboration and contribute to economic development in both countries”
Added His Highness. He went on saying that the UAE was keen on developing cooperation with Italy in all fields on the basis of mutual respect, friendship and mutual benefits.