Italian food & beverage exports hit another record, with sales jumping +21 percent in the first five months of this year compared to the same period in 2022. This is according to an analysis by the Italian farmers’ association Coldiretti of Istat data. Despite nearly five months of the war in Ukraine since the Russian invasion, Italian food exports are on the rise, even compared to the annual record of 52 billion achieved in 2021. This is due in part to the weakness of the euro currency, which favors exports to non-EU markets.
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Germany is still the main outlet market. Italian export sales are increasing by a further +15% there, ahead of sales in the United States (+20%), while France comes in third place but with a growth rate of +21% in the period under consideration. A real boom in sales is occurring in the United Kingdom (+25%), which highlights how Italian food and beverage are proving stronger than Brexit. Double-digit sales increases are also occurring in Turkey (+23%) while the figures for China, with a -29% drop, and Russia (-18%), remain negative. Considering May alone, Italian food and beverage sales in Russia plummeted by -37%.
Wine and fresh fruit and vegetables are once again the most exported Italian products.