Export Marche first quarter 2024. transport and automotive goods. Fashion and footwear flex – picenotime

The value of exports from the Marche region in the first quarter of 2024 was affected by the decline (-55.5%) in pharmaceutical, chemical, medicinal, botanical items compared to the exceptional peak of the first quarter of 2023 (8,066.0 million euros), which has now returned to higher values. line with those recorded in recent years (and which have fluctuated between 2,750 million euros up to 3,970 million euros).

In the period January-March 2024, in a year-on-year comparison, net of pharmaceuticals, the decline in foreign trade was 2.6%, in line with the trend of the country which recorded a decline of 1.1%.

If transport and automotive performed well (one recorded +150%, the other +64% on the first quarter of 2023) there was a decline in fashion and footwear (-6.3% TAC), a sector which until December last year had contributed favorably to the trend growth of our exports, a fact that requires consideration.

Our entrepreneurs, who have strenuously resisted in these complex years and who are asserting themselves at Pitti while waiting for the autumn fairs, are beginning to feel the effects of the difficult and continuing economic situation and need the institutional supply chain that can compactly support them: Camera Marche continues to do the its part also through the action of the dedicated Special Agency LINEA, for example through the proposal of the fair tender for this year too: 800,000 euros are already available for expenses relating to the trade fair events of the first half of the year, and a new tender is underway of publication for the fairs of the second half of the year for which the Chamber of Commerce has again requested co-financing from the Marche Region.

DATA SYNTHESIS

Marche exports first quarter 2024

Provisional value: 3,589.9.0 million euros

Change compared to the first quarter of 2023: -55.5%

Net of pharmaceutical, chemical, medicinal, botanical items: -2.6%

Sectors that gave the greatest negative contributions to the regional trend:

1. Pharmaceutical, chemical-medicinal and botanical articles: 476.4 million euros; -90.2% compared to the value of the first quarter of 2023

2. Machinery and appliances nec: 541.2 million euros; -17.3%

3. Textiles, clothing, leather and accessories: 643.9 million euros; -6.3%

Several other manufacturing sectors are declining.

Sectors that provided favorable contributions to trend growth:

1. Means of transport: 181.1 million euros; +150.6% compared to the value of the first quarter of 2023

2. Publishing and audiovisual products; products of radio and television activities: 16.4 million euros; more than quintupled the value of the first quarter of 2023, however modest in absolute terms

3. Electrical appliances: 346.7 million euros; +2.9%

4. Food, drinks and tobacco: 108.3 million euros; +4.4%

5. Agricultural, forestry and fishing products: 34.5 million euros; +5.8%

6. Products from the extraction of minerals from quarries and mines: 5.2 million euros; +36.9%

Detail Individual products

Greater unfavorable contributions to the regional trend variation:

1. Medicines and pharmaceutical preparations: 475.5 million euros; -90.2% compared to the value of the first quarter of 2023

2. Agricultural and forestry machinery: 105.1 million euros; -33.6%

3. Footwear: 366.2 million euros; -8.9%

4. Other general purpose machines: 157.6 million euros; -16.3%

5. Metal forming machines and other machine tools: 129.0 million euros; -13.9%

6. Measuring, testing and navigation instruments and apparatus; watches: 19.8 million euros; -39.8%

Greater favorable contributions to the regional trend variation:

1. Ships and boats: 111.5 million euros; more than quintupled the value of the first quarter of 2023

2. Parts and accessories for motor vehicles and their engines: 44.3 million euros; +64%

3. Books, periodicals and products of other publishing activities: 15.2 million euros; more than quintupled the value of the first quarter of 2023

4. Rubber articles: 50.5 million euros; +23.5%

5. Cabling equipment: 49.8 million euros; + 22.0%

Marche provinces

With the exception of the province of Pesaro-Urbino, which recorded a modest growth (+0.5%), the trend is unfavorable for all the others, starting from the province of Ascoli Piceno, whose exports suffer a drastic reduction (-85.7%, again attributable to the performance of the pharmaceutical sector), to then move on to those of Ancona (-6.9%) and Fermo (-5.5%); the decline in the province of Macerata was slight (-0.6%).

Main manufacturing export destinations (99% of total exports) of the Marche in the first quarter of 2024

1. Germany 433.9 million euros; +7.6%

2. France 394.5 million euros; -2.2%

3. United States 268.3 million euros; -33.8%

4. Belgium 210.0 million euros; -74.8%

5. Spain 183.0 million euros; +0.5%

There was a collapse in manufacturing exports to China (-97.2%): from 3,517.2 million euros to 99.3 million euros, linked to the very strong fall in pharmaceutical, chemical-medicinal and botanical items.

Among the countries listed above, the United States and Belgium are also unfavorably affected by the trend of these products, while in France and Germany the pharmaceutical trend goes against the trend and has a positive impact, but not to such an intense extent.