In the second quarter of 2020, due to the sharp reduction in exports in April, a net contraction in Italian exports is estimated: -28.2% South and Islands, -26.6% North-west, -23.2% North-east and -23.1% for the Center.
The decrease on an annual basis in exports is marked in the period January-June 2020 for the Islands -20.4%, the North-west -16.1%, the North-east -14.3%, the Center -15, 3% and the South -13.4%. The trend decline in exports affects almost all Italian regions and is wider for Basilicata (-36.8%), Sardinia (-35.3%) and Valle d’Aosta (-31.0%). The negative results of Piedmont (-21.2%), Lombardy (-15.3%), Veneto (-14.6%) and Emilia-Romagna (-14.2%) explain the decline in exports on an annual basis national. Only Molise (+ 30.2%) and Liguria (+ 3.7%) recorded a positive trend in exports compared to the same period in 2019.
Also for the same measurement period, the reduction in sales of machinery and equipment from Lombardy, Emilia-Romagna, Veneto and Piedmont and of base metals and metal products from Lombardy contributes to the trend decrease in national exports by 3.5 points percentages. While, there is a 1.5% increase in sales of base metals and metal products from Tuscany and of pharmaceutical, chemical-medicinal and botanical items from Lombardy, Veneto, Tuscany, Marche and Emilia-Romagna, which contrasts the decline of exports.
In the first six months of 2020, the decrease on an annual basis in national exports to the reference markets derives from the decline in sales of Piedmont (-18.8%) and Lombardy (-16.5%) to Germany; from Lazio (-39.9%) and Piedmont (-22.7%) to the United States; of Piedmont (-22.1%), Lombardy (-17.8%), Veneto (-17.2%) and Emilia-Romagna (-15.9%) towards France.
By analyzing the exports of the provinces, we observe the negative performance of most of the Italian provinces: among the worst we find Milan, Turin, Florence, Brescia, Vicenza and Bergamo. The best performances are recorded for Arezzo, Rovigo and Genoa.
Here are some indicators of the national economy that photograph the current situation.