Upper Piedmont exports: contraction in the Biella area – Newsbiella.it

During the first quarter of 2024, the value of exports from Northern Piedmont, an area made up of the four provinces of Biella, Novara, Vercelli and Verbano Cusio Ossola, stood at above 3.1 billion euros, recording an increase of +0, 7% compared to the same period in 2023.

The data derives from different dynamics between the production specializations: in particular, textile-clothing (which represents 30.7% of the total exports of the quadrant) recorded an increase of +16.7%, driven by the clothing component. On the contrary, other sectors representing the industrial vocation of the area have encountered difficulties. The production of machinery, in particular, (which accounts for 19.4% of total exports) has seen a halt in the growth trend (-5.4%), while the chemical sector (almost 13% of the global value of exports) showed a marked contraction, equal to -16.2%.

The sectoral differences are also reflected at a territorial level: the province of Vercelli, which in absolute values ​​accounts for 27.2% of the quadrant’s exports, highlights the most significant increase, with an increase equal to +10.3% compared to last year, the best result at regional level. The province of Novara, which represents 51% of the export value of Eastern Piedmont, recorded a slight increase in overall data, equal to +1.2%. Verbano Cusio Ossola shows substantial stability, with a figure equal to +0.1% compared to the same period of 2023, compared to a weight on the quadrant’s exports of 6.9%. The province of Biella, which covers a 14.9% share of the area’s exports, recorded the greatest contraction, equal to -14.1%, with a decline for all the main sectors.
Broadening our gaze to the regional and national context, the overall figure for Upper Piedmont, equal to +0.7%, appears more favorable than both the total Piedmontese (-2.1%) and Italian average (-2.8%). Sales abroad from Biella, Novara, Vercelli and VCO overall represent 20.4% of the total in Piedmont, the fourth largest exporting region in Italy.

Looking at the main outlet markets, Germany and France confirm themselves as the main commercial partners for all provincial entities, with some important differences at a local level.

«In the first quarter of 2024, sales in the quadrant demonstrate substantial stability, which derives from very diversified trends in the different territories and for the various sectors» comments Fabio Ravanelli, president of the Monte Rosa Laghi Alto Piedmont Chamber of Commerce. «Alongside the decreasing data, more favorable and double-digit variations also emerge, which represent positive signals but must still be read taking into account that they refer to a short time period and low absolute values, therefore it will be important to analyze their evolution over the course of the year. Although the geo-economic scenarios appear complex, opening up to foreign markets remains a fundamental requirement for the vitality of our production fabric – underlines Ravanelli – For this reason, the Chamber of Commerce continues to promote specific initiatives to support the growth of businesses across borders, such as the Business Pont Switzerland Project, which allows access to free consultancy and business development services and which it is possible to join until 28 June.».

Overall, the value of Biella’s exports recorded a contraction of -14.1% in the first quarter of 2024 compared to the corresponding period of 2023.
The general slowdown in textile products (-14.8%), the main sector of provincial sales abroad (of which they represent almost 60% of the total), is generalized to all the different sectors, from the more limited decline in other textile products (-5.8%) to the heavier -21.6% of fabrics, with a similar decline (-21.5%) for clothing items. Mechanical engineering is also down (-16.8%) although it nevertheless expresses less significant absolute values.
As regards the outlet markets, the Union, with 46.1% of sales abroad, has lost its role as the main destination for Biella’s exports for a year now, recording a contraction of -24% in the first quarter of 2024. ,6%. The sharp decline in sales to Germany (-26.9%) relegates the country to second place in the ranking of the main destination markets. France, despite a significant drop in sales (-10.9%), therefore becomes the first commercial partner in the period in question.

CS Chamber of Commerce Monte Rosa Laghi Alto Piemonte, G. Ch.

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