Market Brief on Italy - Zimtrade · Zimbabwe’s major exports to Italy (2016) Zimbabwe exports to...
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Market Brief on Italy Jan 2018 Location Facts and Figures Italy is a peninsula surrounded by Adriatic Sea in the east, Ionian Sea in the southeast, Tyrrhenian Sea in the southwest and its southern boundary extending into the Mediterranean Sea. It shares its northern land boundary with France, Slovenia, Switzerland and Austria. Italy possess many islands including Sicily and Sardinia within its territory. Italy is located at a meeting point of African and Eurasian plate. Total Population 61 million Area 301,338sq km Time Zone UTC+1:00 Capital City Rome International Telephone Code +39 Currency Euro Exchange Rate (02/02/18) 1 EUR = 1.24933 US$ GDP (2017 est.) US$1,895.3 billion GDP per capita (2017 est.) US$30,891.9 GDP Growth Rate (2017 est.) 0.9% Ease of Doing Business (World Bank 2017) 50/190 Inflation Rate (2017 est.) 0.5% Official Language(s) Italian Other Languages French, English, German Business Hours 0800 hrs-1700 hrs Lunch 1300-1400 hrs Literacy Rate 99% Measures Metric System Important International Participation EU, AfDB, UN, WTO, G- 20, Schengen Convention City Population Roma (Rome) 2,648,843 Milano (Milan) 1,305,591 Napoli (Naples) 1,046,987 Torino (Turin) 921,485 Palermo 689,349 Genova (Genoa) 655,704 Bologna 385,813 Firenze (Florence) 381,762 Catania 341,685 Bari 335,647 Cities and Population
Transcript of Market Brief on Italy - Zimtrade · Zimbabwe’s major exports to Italy (2016) Zimbabwe exports to...
Market Brief on Italy
Jan 2018
Location Facts and Figures
Italy is a peninsula surrounded by Adriatic Sea in the east, Ionian Sea in the southeast, Tyrrhenian Sea in the southwest and its southern boundary extending into the Mediterranean Sea. It shares its northern land boundary with France, Slovenia, Switzerland and Austria. Italy possess many islands including Sicily and Sardinia within its territory. Italy is located at a meeting point of African and Eurasian plate.
Total Population 61 million
Area 301,338sq km
Time Zone UTC+1:00
Capital City Rome
International Telephone Code
+39
Currency Euro
Exchange Rate (02/02/18)
1 EUR = 1.24933 US$
GDP (2017 est.) US$1,895.3 billion
GDP per capita (2017 est.)
US$30,891.9
GDP Growth Rate (2017 est.)
0.9%
Ease of Doing Business (World Bank 2017)
50/190
Inflation Rate (2017 est.)
0.5%
Official Language(s)
Italian
Other Languages
French, English, German
Business Hours 0800 hrs-1700 hrs Lunch 1300-1400 hrs
Literacy Rate 99%
Measures Metric System
Important International Participation
EU, AfDB, UN, WTO, G-20, Schengen Convention
City Population
Roma (Rome) 2,648,843
Milano (Milan) 1,305,591
Napoli (Naples) 1,046,987
Torino (Turin) 921,485
Palermo 689,349
Genova (Genoa) 655,704
Bologna 385,813
Firenze (Florence) 381,762
Catania 341,685
Bari 335,647
Cities and Population
16%
9%
7%
6%
5%5%
4%3%3%
3%
39%
Germany France China
Netherlands Spain Belgium
USA UK Russia
Switzerland Other
13%
10%
9%
5%
5%
5%3%3%
3%2%
42%
Germany France USA
UK Spain Switzerland
Belgium Poland China
Netherlands Other
Italy Trade with the world
Major import sources of Italy (2016) Major export destinations of Italy (2016) Na
2012 2013 2014 2015 2016
Exports (US$'000) 501,528,85 518,095,10 529,528,73 456,988,72 461,529,40
Imports (US$'000) 489,104,11 479,336,35 474,082,55 410,933,26 404,577,97
-
100,000,000
200,000,000
300,000,000
400,000,000
500,000,000
600,000,000
US
$'0
00
Source: Trademap Source: Trademap
Source: Trademap
20%
8%
6%
5%
4%
3%3%3%3%
2%
43%
Machinery (Thermo valves, bottling machinery)
Vehicles
Electrical machinery (Insulated cables,electrical circuits)
Pharmaceutical products
Plastics and articles thereof
Articles of iron or steel
Furniture
Articles of apparel and clothing accessories, not knitted or crocheted
Mineral fuels
Medical or surgical instruments and apparatus; parts
Other
Major import products of Italy (2016) Major export products of Italy (2016)
Zimbabwe-Italy Trade
11%
10%
10%
8%
5%5%4%
3%3%
2%
39%
Vehicles
Petroleum oils & gas
Machinery (Automatic data processing machinery, printing machinery)
Electrical machinery (Telephone sets, electrical circuits)
Pharmaceutical products
Polymers of ethylene & propylene
Iron and steel
Organic chemicals (Heterocyclic compounds, antibiotics)
Medical or surgical instruments and apparatus
Precious or semi-precious stones
Other
2012 2013 2014 2015 2016
Exports (US$'000) 126,779 113,785 114,570 83,694 53,820
Imports (US$'000) 31,196 53,413 24,345 21,570 17,662
Trade Bal (US$'000) 95,583 60,372 90,225 62,124 36,158
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
US
$'0
00
Source: Trademap Source: Trademap
Source: Trademap
Zimbabwe’s major exports to Italy (2016)
Zimbabwe exports to Italy
in 2016, (US$’000)
Annual growth in value between
2012-2016, %, p.a.
Italy Imports from the World in 2016
(US$’000)
Ferro-alloys 40,754 -19 1,107,250
Granite, crude or roughly trimmed 7,076 -13 178,594
Leather further prepared after tanning or crusting incl. parchment-dressed leather
2,122 53 124,228
Granite, in any form, polished, decorated or otherwise worked
1,197 19 110,410
Raw hides & skins 1,160 4 80,455
Crocodile skin leather 335 41 188,995
Fresh or dried oranges 284 46 97,980
Source: Trademap
Zimbabwe products with export potential to Italy Zimbabwe's imports from Italy (2016)
• Granite, crude or polished
• Fresh cut roses
• Fresh vegetables
• Edible fruit, nuts, peel of citrus fruit, melons, avocadoes pineapples, mangoes, avocadoes, guavas
• Cane sugar
• Tea and coffee
• Tobacco, unmanufactured
• Leather
• Iron and steel articles
• Diamonds – jewellery
• Fish fillets and pieces, fresh, chilled or frozen
• Art and crafts – stone sculptures, basketry, paintings
59%
7%
6%
3%
3%
3%
2%2%
2%
2%
11%
Machinery (for working rubber; steam turbines; pumps; bottling machinery)
Vehicles
Plastics and articles (Cellulose; amino resins; tubes & pipes)
Electrical machinery and equipment and parts
Grinding wheels
Leather
Animal or vegetable fats and oils
Medical or surgical instruments and apparatus
Articles of iron or steel
Furniture
Other
Source: Trademap
Useful Addresses Preferential Trade Arrangements
Embassy of the Republic of Zimbabwe in Italy Via Virgilio, 8 - 2nd Floor 00193 Rome Tel: +39 6 68308282; 68308273 Fax: +39 6 68308324 E-mail: [email protected], [email protected] Embassy of Italy in Zimbabwe 7 Bartholomew Close Greendale P. O. Box 1062 Harare Tel: +263 4 497373; 497200; 498190 Fax: +263 4 498199 E-mail: [email protected] International Chamber of Commerce Association of The Italian Chambers of Commerce Via Flaminia, 21, 00196 Roma Tel : +396 3215660 Fax : +396 3210253 E-mail : [email protected] Website : www.assocamerestero.com
For more information, please contact us
www.tradezimbabwe.com [email protected] +263-4-369330-41
Disclaimer: ZimTrade strives to compile reliable, research-based information that is passed on to our clients in good faith. Whilst every care has been taken in the production of this report, ZimTrade does not accept any responsibility for the accuracy of the information supplied. For more information about ZimTrade and its activities log on to www.zimtrade.co.zw
Interim Economic Partnership Agreement (iEPA)
Zimbabwe signed the iEPA under the Eastern and
Southern African Bloc with the European Commission
(EC) on 29 August 2009 together with three other
countries (Madagascar, Seychelles and Mauritius).
The interim EPA consolidates the duty free, quota-free
market access which the EU28 offers to all exports from
the four Eastern and Southern African States (ESA). The
ESA countries involved will gradually open their markets
to EU exports over 15 years, with some exceptions for
products that ESA countries consider sensitive.
Travelling to Italy
• Zimbabwe nationals must apply for a visa in
person at the Italian Embassy.
• A valid passport (at least 6 months) is required.
• Options to travel to Italy by air include: ✓ Harare-Johannesburg- Rome/Milan ✓ Harare-Lusaka-Dubai-Rome/Milan ✓ Harare-Addis Ababa-Rome/Milan
