Boom in exports for Fashion Made in Italy

Made in Italy exports is headed toward reaching levels higher than before the pandemic: Fashion & Luxury is a driving force

The rebounding of global economy driving Made in Italy export. The return to pre-COVID levels is already expected for 2021, while later even better results than in the past are expected. Some exemplary cases of the recovery come precisely from the world of Fashion.

2021 – a year to remember for Italian export

“The period we are experiencing will be a divide for our history. The year 2021 will be remembered as the year in which Italian export returned to its path of growth with double-digit results”, Rodolfo Errore, chairman of SACE (agency of the Cassa Depositi e Prestiti, a point of reference for the internationalization of Italian businesses) tells us. The estimates reported in a recent study by his company, titled “Ritorno al futuro: anatomia di una ripresa post-pandemica” (“Back to the future: the anatomy of a post-pandemic recovery”), in fact, speak volumes.

The institute forecasts an 11.3% bounce in the export of goods, with a full return to pre-pandemic levels as of 2021, when sales will reach 482 billion. In 2022, a 5.4% growth is expected and 4% in the following two-year period. This pace, almost a full point higher than the average pre-crisis rate, will make it possible to achieve a value of 550 billion in 2024.

Milan Chamber of Commerce: Fashion grows by double-digits

The claim in the study by SACE finds validation in the data released by the Chamber of Commerce of Milan, Monza, Brianza and Lodi. The organization estimates a growth in export for companies in the fashion industry in the area of +38.8%, to 4 billion euro, during the first six months of 2021.

The countries leading sales abroad are mainly China (+14.2% compared to pre-pandemic levels), France (+4.8%), South Korea (+10.9%) and the United Kingdom (+74%). Extremely significant numbers for an industry that, in the words of Elena Vasco, Secretary General, did not miss out on investing in digitalization and internationalization.

The achievement of Tuscan leather

Another excellent result comes from Tuscany. The region proves to be first in Italy for foreign revenue in the leather industry. Assopellettieri (Italian association of leather goods dealers) declares that in the first half of 2021 an increase of +45.3% has been recorded over 2020, with significant growth for the first five destinations. Four of these have also exceeded pre-crisis levels, France (+4.,2%) and China (+89%) overall.

So, the recovery trend in Fashion & Luxury continues and for months now we have been providing evidence of this with various articles. An itinerary naturally accompanied by the Bizeta solutions, with technologies and applications in continuous evolution.

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