Awani Review

Complete News World

Exports from South Tyrol reach new records in the 4th quarter of 2020

In the 4th quarter of 2020, exports from South Tyrol reached 1, 1,394.4 million and increased (+4.6 per cent) compared to the same period of the previous year (3 1,332.4 million). This value represents a new record in exports from South Tyrol. Economic growth (i.e. change compared to the 3rd quarter of 2020), which is dependent on the seasonality of export flows, increased by 10.2 percent.

By 2020, South Tyrolean exports will fall below 5 5 billion

The results for the fourth quarter only partially offset the downward trend in the previous two quarters, particularly the 20.1 percent decline in the second quarter. In 2020, South Tyrolean exports recorded an absolute value of, 4,922.1 million, down 3.5 per cent from 5 5,098.7 million in the previous year. As a result, South Tyrolean exports again fall below the 5 5 billion threshold. This value is strongly affected by the situation created by the current epidemic outbreak.

The most important European targets for 2020 are Germany (33.9 percent), Austria (9.5 percent), Switzerland (5.1 percent), France (4.7 percent), Sweden (3.8 percent) and Spain (2.9 percent). Outside Europe, 8.2 percent of exports go to Asia and 7.4 percent to the United States. Two-thirds of exports to the United States are exported to the United States. Overall, 4.9 percent of all exports go to the United States, the fourth most important export market for South Tyrolean products.

Exports to 28 EU countries accounted for 73.5 per cent of the total, a decline of 2.7 per cent compared to 2019. Looking at the EU-27 after Brexit, the value of the total falls to 70.9 per cent, while the percentage change (-2.7 per cent) remains the same.

See also  Will not only Morocco, but Australia and Tunisia soon want to be among the giants of rare metals?

Exports to Germany and Austria are declining

Exports to Germany, South Tyrol’s most important selling market, fell 2.2 percent; In contrast, Austria, the second-most important market, is down 15.2 percent. If one expands the analysis to the other 10 most important selling markets, the maximum increase is related to the Czech Republic (+20.7 percent), Belgium (+20.3 percent) and Sweden (+15.3 percent).

Exports to the Netherlands (-17.4 per cent), France (-5.6 per cent) and the United Kingdom (-4.1 per cent) fell the most. The United Kingdom terminated its membership in the European Union on 31 January 2020, but this is calculated in the table below because it applies to EU tax and tariff terms from 1 February 2020 to 31 December 2020 (VAT and excise duties).

Exports to Sweden (+24.6 million euros), the Czech Republic (+17.0 million euros), Belgium (+13.8 million euros) and Poland (+11.2 million euros), as well as Austria, are up, according to the full figures. (-83.4 million euros), Germany (-37.8 million euros), the Netherlands (-23.7 million euros) and France (-13.8 million euros) were the biggest losers.

Exports to non-EU countries will fall by 5.4 per cent in terms of EU-28 and 5.3 per cent in the post-Brexit EU-27. In particular, the decline of non-European countries is 8.0 per cent, with negative results for almost all continents: the lowest is in Oceania (-20.7 million euros) at 35.1 per cent, Africa at 17.8 per cent (- 16.6 million euros) and 14.0 per cent. To Asia (-66.0 million euros). Only the United States (+7.8 percent or +26.2 million euros) increased this trend.

See also  In the UK, the prepaid gas and electricity meter scam

The increase in exports to the United States was low here (+2.2 percent in each case and +5.1 million euros). Exports to non-European EU28 countries were slightly higher (+0.5 per cent or +2.0 million euros), while exports to Switzerland increased (+1.3 percent and +3.3 million euros) and declines to Russia (-7.1 percent and – 2.9 million euros) were recorded. However, after Brexit, the European Union saw a slight decline (-0.6 per cent and -3.5 million euros) among the 27 non-EU countries.

Exports of agricultural, forestry and fisheries products are increasing

By 2020, food, beverage and tobacco products (17.9 per cent) account for the largest share of exports abroad. This is followed by machinery and machinery (16.6 per cent), basic metals and metal products, machinery and systems (12.7 per cent), vehicles (12.7 per cent) and agriculture, forestry and fisheries (12, 6 per cent).

In 5 major sectors, except agriculture, forestry and fisheries products (+12.1 per cent), food, beverages and tobacco products (+1.8 per cent), basic metals and metals, machinery and equipment (+0.2 per cent), but vehicles (- 16.6 per cent) ) And decline in machinery and equipment (-13.8 per cent).

Other key sectors include rubber and plastic products, stone and earth processing (+2.7 per cent), electrical equipment (+1.8 per cent) and textiles, clothing, leather, leather goods and footwear (+ 1.1 per cent), and other manufacturing industries ( -13.3 per cent) and the area of ​​wood products, paper, cardboard and products made from them (-1.1 per cent) only decreases.

The most significant absolute increase in foreign sales compared to 2019 was recorded in agriculture, forestry and fisheries (+67.1 million euros), food, beverages and tobacco products (+15.9 million euros), waste disposal and environmental pollution disposal. (+7, 8 million euros) and other materials from rubber and plastic products, stone and earth processing (+5.8 million euros).

See also  The world must prepare for record temperatures caused by El Nino

The most significant declines were in the machinery and equipment (30130.9 million euros), automobiles (-124.3 million euros) and other manufacturing products (-25.7 million euros).