Export to China Increases for Italy

Export to China Increases for Italy

Italian export volumes to China continue to increase. The data was confirmed in a presentation in Milan on January 17th at the Export 2014 – Strategies and Tools for Chinese and Asian Markets event organized by the Italo-Chinese Chamber of Commerce in partnership with the PRC consulate, in addition to the China Import Export Fair and the Bank of China.

In 2013, the People’s Republic recorded a business volume of 4.16 billion US dollars, with a continuing trend towards imports, +13% over the last five years. Volume with Italy has risen by a total of 9% (+5% compared to the EU average). The Bel Paese also ranks among leaders in China’s Trade Performance Index for textiles, fashion, leather, machinery, ceramics, and above all products from the food and agriculture industry.

Li Bin, the consul for economic and commercial affairs, also invited Italian companies to move into strategic sectors like the environment and energy, urbanization and health. He highlighted that its aging population needs healthcare, services and the right foods.

Other opportunities for enterprises will be on show at the expo, as well as financial consultancy offered by the BoC, which favors trading in CNY and offers studies on the reliability of local partners.