Italy: a country full of opportunities

Mar 27, 2019 112

Italy is a country of excellence not only concerning the artistic and historical heritage but also its industrial sector. A few data can help to describe the opportunities offered by the country. The current account balance of the manufacturing sector is in the region of 100 billion USD: Italy ranks fifth in the world, behind larger countries such as China, Germany, Japan and South Korea.

Competitiveness is growing: between 2008 and 2018, exports increased from 37% to 48% as a share of the total industrial turnover. Another feature is that product diversification is much greater in Italy than in its main competitors (for example, it is twice that of Germany). In this respect, Italy can count on greater flexibility and the production of customized goods adapting to changing demand.

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SOURCE: http://italianbusiness.org/

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