Last February, the Economic Policies Department, internationalization sector of Confartigianato organized the webinar “Brexit … and now? What changes for SMEs” to highlight the contents of the agreement signed between the European Union and Great Britain for the exit from Europe and analyze the trend of Made in Italy.
During the meeting – with the participation of Ministry of Foreign Affairs, the ICE Agency and the Customs Agency – it was presented a report on the Made in Italy trends on the British market with a focus on on the sectors of the most influential small and medium-sized enterprises: food, fashion, wood, furniture, metal products, jewelery and eyewear.
These sectors account for more than 60% of employment, generating exports to the British market which, in the 12 months between October 2019 and September 2020, amount to 7.6 billion euros.
Made in Italy on the UK market is worth 1.4 points of GDP and, before the pandemic (2015-2019), it recorded an average annual growth rate of 3.1%. The appreciation of the euro over the pound recorded in 2020 also affects the competitiveness of Italian companies.
The highest sales were recorded in the Food Products sector with 2,303 million euros (30.2%), followed by Clothing with 1,663 million (21.8%), Leather items with 1,026 million (13.5%), Metal products, excluding machinery and equipment with 883 million (11.6%), Furniture with 686 million (9.0%), Products of other manufacturing industries with 655 million (8.6%), Textiles with 305 million (4.0%) and Wood and wood and cork products with 94 million (1.2%).
From a territorial point of view, more than half of the made in Italy of SMEs in the United Kingdom – 53.4% of exports – comes from Tuscany, Emilia Romagna, Veneto and Friuli-Venezia Giulia.
“The agreement found at the end of last December is excellent news because it avoided the entry into force of duties and quotas for goods subject to trade. This is a significant figure, because in the weeks preceding the agreement some estimates predicted that, in the event of a no deal, the flow of our assets to the United Kingdom would drop by 11%. The Ministry of Foreign Affairs is working to support the Italian business community on the more operational aspects” said the Director General of Country Promotion of the Ministry of Foreign Affairs, Lorenzo Angeloni.