Lombardy exports, the value increases in the second quarter of 2022

Lombardy exports, the value increases in the second quarter of 2022
Lombardy exports, the value increases in the second quarter of 2022
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The value of Lombardy exports also flies in the second quarter of 2022, despite the increase in the price of energy and raw materials and the difficulty in some supplies. Growth was 10.2% compared to the first quarter, also thanks to the boost in prices. The value is now 42.3 billion euros. And, compared to the second quarter of 2021, the growth is 20.7%. Quantities, on the other hand, decreased by 4%, which demonstrates the weight of the increase in prices on the increase in value.

“After the historical record of last year – commented Guido Guidesi, Lombard councilor for economic development – the Lombard export numbers remain important even if there are clear signs of a slowdown caused by the cost of energy and raw materials. urgent measures by the European Union can no longer be postponed; there is a risk of seriously compromising the future of companies and the work of one of the economic engines of Europe because our companies start at a disadvantage in global competition given that the cost of energy in Italy it is at least four times that of other countries “.

The main engine of Lombard export growth (+ 30.7% yoy) is metal. Double-digit trend increases were also recorded for the export value of the remaining product categories, with the exception of machinery and equipment which stopped at + 6.4%, however contributing significantly to the overall growth. Only the means of transport were negative (-2.6% yoy).

The greatest positive contribution is given by exports to the European Union (+ 23.8% trend), North America (+ 34.4%) and non-EU European countries (+ 13.9%). The countries to which the greatest increases are recorded are Spain and Germany and, outside the European Union, Mexico, the United States and South Korea. Exports to Russia contracted by 27.1%.

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