Algeria is the best performing market for Italian food in the first seven months of 2016. The large North African country, which is one of the main suppliers of natural gas to Italy, has received €40 million worth of goods between January and July 2016, with an export growth of 40% over the same period of 2015.
BULGARIA: +35% – Eastern European countries have been increasingly important in the Italian food export and, among them, Bulgaria is in the spotlight as a very dynamic market. In the first seven months of 2016, the export of Italian food increased by 35% to €68 million (compared to the same period of 2015) and may exceed 100 million by the end of the year.
SOUTH KOREA: +24% – South Korea is the nation driving the growth of Italian export in Asia. In the first seven months of 2016, sales in the Seoul Area grew by 24%(compared to the same period of 2015) to €116 million. Japan, on the other hand, has been somewhat stagnant, despite its currency strengthening against the Euro, and exports are down by 5.4% to €417 million.
BRAZIL: -20% – The economic situation in Brazil isn’t improving, and Italian exports continue to suffer. Between January and July exports dropped by 20%(compared to the same period of 2015) to just under €70 million. The recession that hit the large Southern American country could give way to a slight growth in the second half of 2017, which would also benefit the Italian export.
GREECE: +8% – The Greek economic conjuncture is always very troubled and the country still relies on international economic assistance, which supports the state budget. Nonetheless, Italian products performed well in the first part of 2016, with an export growth of 8.4% (compared to the same period of 2015) to €257 million. Turkey, however, is still suffering from the devaluation of the Lira and lost 12% of import from Italy.
CITRUSES: +34% – Oranges, lemons, and other Italian citruses found more space beyond Italian borders in the first seven months of 2016, with an increase in export by 34% compared to the same period in 2015. These are record numbers for Italian citruses export, and the whole agriculture of this sector in southern Italy will benefit from it.