Italian exports rising to U.S. and China
The announcement was made on the basis of data from the Italian national statistics institute ISTAT on foreign trade in June.
Since the beginning of Expo Milano 2015, Italian food product exports already saw +29.3% in the U.S. in May and +57% in China, and rose by 5% even in the stagnant EU market.
"At the global level," Coldiretti said, "Italian agro-food exports in the first two months of the Expo (May and June) rose by a record 7% due to the economic recovery, the more favorable exchange rate and the spur given by the Expo."
"The result is even more encouraging if we take into consideration the drop in shipping to Russia after the embargo, which affected significant parts of the agro-food sector."
This led to a 26.9% drop in June and a 36% one of exports in May. Italy's most exported agro-food product is wine, but sizeable quantities of fruit and vegetables, pasta and olive oil.
Two-thirds of revenue is through the export of agro-food products to EU countries, though they are also strong in the U.S. ■