Export to reach 34,3 billion euros in 2014

Analysts sent Italian food industry surging to record highs after the strength of euro and concerns over Russian crisis pushed down foreign trade
Export to reach 34,3 billion euros in 2014

The slow down has lasted for a long time. Starting from 2010, when export trading was up 10%, later the rate of increase cut down until the 2,4 pc last year. Nowadays Italian food industry grew by a stronger than expected even if lower euro could result a jump up 5% in 2015, according to Federalimentare figures. Export sales in value were, according to Coldiretti data, 34,4 billion euros, rising 2,4%.

Italy secured the result despite difficulties followed the Russia ban on Italian food import starting which has enacted from August 8th a list of items including fruits and vegetables, cheese, meat and salami but also fish. The eur dollar exchange rate through commodity prices boosted foreign trade and the export of Italian wine shipped to US market took it closer toward a record high 1,1 billion euros in 2014. More than half of export sales comes from food trade within EU member countries, although the made in Italy is largely required in the Asian market as a luxury product. Most selling items are wine, diary products, pasta and extra virgin olive oil.

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