73186
Italy Machinery Exports Up 14%
Italy Machinery Exports Up 14%

Italy Machinery Exports Up 14%

Italy Machinery Exports Up 14%

Italian rubber & plastics machinery sector has registered growth with exports up 14.6% in the first half of 2017 compared to the same period the year before.
According to figures released by Italian trade association Amplast on Monday, balance of trade between machinery imports and exports is positive by over €1.1 billion ($1.3 billion), up 17% compared to the first six months of the year in 2016, PNE.com reported.
While imports slightly slowed down, sales abroad showed a “robust” double-digit growth in the first half.  In terms of product performance, extrusion lines, flexographic printers and thermoforming machinery did particularly well with double-digit growth in exports year-over-year. Mono- ad multi-filament, blow moulding machines and machines for foamed materials had negative performance.
Europe remained the principle destination market for Italian machinery with an upsurge in Russian demand, which saw sales more than double from approximately €21 million to nearly €50 million in the first half.
The Americas absorbed a fifth of Italian exports, with Latin America and Brazil in the lead. This is while Asia remained stagnant, dragged down by a 12% decline recorded in China.
“The recovery in supplies to important historical markets such as Russian and Brazil, which were sputtering in the recent past due to their respective… gives a quite significant boost in confidence for companies in our sector,” said president of Amaplast Alessandro Grassi.
The six month data, said Grassi, “are an important signal for Italian manufacturers of plastics and rubber processing machinery, equipment, and moulds, who… can look forward to a new record in production and exports at year end.”

 

 

Short URL : https://goo.gl/QoZySp
  1. https://goo.gl/vDB8Xo
  • https://goo.gl/wLLB93
  • https://goo.gl/KNn1FX
  • https://goo.gl/NkQDMG
  • https://goo.gl/frPAaB

You can also read ...

Saudi Arabia Bleeds as Capital Flight Continues
As Saudi Arabia raises the stakes in its dispute with Canada...
 Crypto Scams on the Rise in UK
Crypto currency scams are using images of celebrities and...
 Final Nail in Abraaj Coffin
The Abraaj Group has been put through the ringer in past...
Australia Drought Could Cost $12 Billion
The Reserve Bank of Australia and a new report have warned of...
Qatar Pledges $15b Investment :      Turkish Lira Weakens 6% on Threat of More US Sanctions
Turkey’s battered lira weakened more than 6% against the...
Indonesia Sets Moderate Growth Goals
Amid rising external pressures, Indonesia’s economy is...
Experts Say China Economy Manageable
Recent external pressures, a general global trade malaise...
 Thai CB Plays Cool
While Turkey is stoking the heat at emerging-market central...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus