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Italy's chemical industry has a healthy presence of local SMEs that focus mainly on niche or specialty products.SMEs make up close to 40% of all production, the same as foreign companies present in the Italian market. The key players and their stories are all in The Business Year
Medium to large firms make up 24% of local production. In 2017, these pharmaceutical products accounted for approximately 4.5% of all Italy's exports, bringing in nearly USD22 billion.Italy is Europe's third largest chemical producer, with more than 3,000 companies belonging to the sector and more than 172,000 employees. The pharmaceutical sector is Italy's only manufacturing industry that, as of 2017, had returned to pre-2008 financial crisis levels.The country is also among worldwide leaders in R&D for the pharmaceutical sector, spending five times more than the global average.The transportation industrial segment accounted for 11% of all Italian exports in 2017, or a value of just over USD55 billion.Dominant exports in this segment are cars, automotive products, and delivery trucks.The country manufactures a significant number of passenger and cargo ships, aircraft parts, and planes.Italian automotive brands are known throughout the world, and the industry is one of Italy's largest employers.Following pharmaceutical products, cars represented the second most exported item in 2017 and accounted for one-third of the entire transportation segment.While Alfa Romeo, Fiat, and Ferrari may be among the country's most well-known manufacturers, the entire industry consists of more than 5,700 companies.Italy's metallurgical industry has been on a rebound since 2016, thanks to an increase in construction worldwide, as well as new EU import duties from China.Despite the recent controversy surrounding Arcelor Mittal and the ILVA deal, Italy remains a top exporter of steel.As the seventh largest steel exporter in the world, Italian steel production has risen by 3.4% in 1H2018, following a 2.9% increase in 2017, according to the The steel industry dominates metals production in Italy, though aluminium and copper account for a decent share of exports as well. The race was the 14th round of the 2019 Formula One World Championship and marked the 89th running of the Italian Grand Prix and the 84th time the race had been held at Monza. The following export product groups represent the highest dollar value in Italian global shipments during 2019. The 12th annual Middle East Insurance Forum held this month in Bahrain gives an interesting opportunity to assess the state of insurance in the Gulf region today.
The co… Suits, sweaters, coats, and shirts are among the country's most popular textile exports, but even products like tents, yarn, and silkworm cocoons support this strong export industry.Italy's textile industry plays an important role in the fashion industry both locally and internationally.While the industry has made some recovery since the 2008 financial crisis, it now battles the likes of other major textile manufactures, especially Turkey, for the export market.The industry's trade surplus in 2017 was estimated to be worth EUR2.3 billion, equating to a positive surplus of over 25%.While Italian textiles are exported around the world, Asian markets are rapidly on the rise, with exports to China and Hong Kong both increasing by 12.4% in 2017.
Italy has one of the largest export markets not only in Europe but around the world.Its tourism sector makes up a considerable portion of GDP, but many of its other industries have been developing for centuries and during this time have given the country a formidable manufacturing sector.Below are Italy's top five exports, categorized by sector and ranked by total export value.Machinery manufacturing in Italy has surged over the last decade, and the country's machine exports have much to do with its position as the seventh largest exporter in the world.
Bahrain, the smallest country in the Middle East, with only around 1.3 million people and a GDP of $33.85 billion (2014), has an outsized influence on regional economics and particularly economic policy. Machinery including computers: US$101.1 billion (19% of … Click the "Continue" button This export market, worth more than USD120 billion in 2017, accounts for approximately 25% of all Italian exports. The 2019 Italian Grand Prix was a Formula One motor race held on 8 September 2019 at the Autodromo Nazionale di Monza in Monza, Italy. In 2017, the segment accounted for 6.3% of all exports, or just over USD30 billion. This export market, worth more than USD120 billion in 2017, accounts for approximately 25% of all Italian exports.Among the leaders in machine manufacturing in Italy are the Sacmi Group and Pietro Carnaghi, but a prevalence of SMEs building specialized parts means Italy has some 41,000 companies working in the sector.The country produces everything from valves and refrigerators to centrifuges and forklifts.In recent years, the share of chemical products has taken up a greater portion of Italy's export markets, largely due to the country's budding pharmaceutical industry.Packaged medicines represent not only the largest chemical export in the country, at nearly two-fifths, but the largest of any type. Below is a sample of the major Italian companies that Forbes included.According to global trade intelligence firm Zepol, the following smaller companies are also examples of Italian exporters:The following searchable table displays 100 of the most in-demand goods shipped from Italy during 2019.
In turn, these cashflows indicate Italy’s strong competitive advantages in producing machinery for international markets.Below are exports from Italy that result in negative net exports or product trade balance deficits. Shown beside each product label is its total export value then the percentage increase or decrease since 2018.Click to email this to a friend (Opens in new window) The industry is divided among a number of SMEs, with a few major players also active.Italian clothes are valued around the world, and textiles are Italy's fifth largest export.
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