idee, metodi e numeri per l’economia
OUTLOOK | Flash
16 June 2014
www.nomisma.it
Bologna, Italy
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How are Italian exports going? It is a known fact that net exports (exports minus imports) were the only
component of spending that provided a contribution in support of GDP during the recession. This was
also possible due to better Italian sales performance in destination markets than in past years. The boost
came not so much from the expansion of the menu of products-destinations that characterise Italian
exports, as from the substantial intensification of the export efforts for the same products exported and
destinations served. While on the first front (extension), performance has been negative compared to the
partners, on the second front (intensity), the results were much better.
In a nutshell, at the basis of the increase in Italian exports between 2010 and 2013, there was a rise in
the volume of exports of the same products to the same destinations (product-destination combinations
almost unchanged), while for Spain the increase was due to the ability to find new markets for the same
products exported in 2010.
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OUTLOOK | Flash
Export performance of Italy compared to the euro partners in terms of extensive and intensive factors
(difference between logarithmic variations in %, 2010-13)
20
10
0
-10
Extensive
Intensive
-20
-30
Italy/Germany
Italy/France
Italy/Spain
Source: Agenzia delle Entrate
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Contacts
Nomisma – Società di studi economici Spa
Bologna (Italy)
T + 39 (051) 64 83 301
F + 39 (051) 22 34 41
[email protected]
www.nomisma.it