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Italian “Central”: Tourism revenues amounted to 3.5 billion euros in May, with a surplus of 1.7 billion euros

Rome/ Nova Agency

The Italian Central Bank announced,  that the revenues of the Italian tourism sector amounted to 3.5 billion euros last May, with a surplus of 1.7 billion euros, according to the Italian Nova news agency.

According to the bank, the balance of payments for tourism in Italy recorded a surplus of 1.7 billion euros last May from 0.1 billion in the same month of 2021, with tourism receipts reaching 3.5 billion euros, five times what it was in the previous year, while spending doubled to 1.8 billion euros.

In the March-May period, foreign spending in Italy increased nearly fivefold compared to the corresponding period last year, confirming the strong trend recorded in the previous months; In the same period, spending by Italian travelers abroad almost tripled.

In the three months ending May 2022, the negative gap compared to pre-pandemic levels for 2019 remained virtually unchanged for inflows, down 18.4 percent, and reached similar values ​​with a 17.4 percent drop for outflows.

البندقية إيطاليا

Coldiretti: Historic Record for ‘Made in Italy’ Food

On the other hand The National Federation of Italian Farmers “Coldiretti” has predicted that the world’s Italian agri-food exports will exceed 60 billion in 2022, if the growth trend is maintained, a true historical record even if the effects of the conflict in Ukraine are worrying, as energy prices affect the Consumption at the global level, according to the Italian news agency Nova.

Coldiretti’s analysis was based on Italian National Institute of Statistics data on foreign trade for the first six months of 2022 which shows a 20.6 percent jump despite the war unleashed by the Russians and international tensions on global trade in goods and services.

According to Coldiretti, Germany remains the main port market, rising by 14.8 percent in the January-June period, ahead of the United States, which rose by 21.2 percent, while France ranks third but sets a growth rate of 20.6 percent.

The EU also cited “positive results” in the UK at 22.6 per cent highlighting how Italian exports have proven stronger than Brexit, after the initial difficulties associated with leaving the EU.

A double-digit jump also in Turkey led by Recep Tayyip Erdogan is 29.3 percent while it is negative in China, with a drop of 26.9 percent, and in Russia by 17 percent between sanctions and the war.

Made in Italy driving products in the world are essential products like wine which tops the ranking of the most exported Italian products followed by fresh fruits and vegetables.

No photo description available.

Ettore Prandini, President of Coldiretti, commented: “To support the growth trend in national food and wine, it is now necessary to work to address the structural delays in Italy and open up all infrastructure that will improve the links between the south and north of the country, but also with the rest of the world through Sea and high-speed rail, with a network of hubs made up of airports, trains and freight.

Brandini stressed “the importance of seizing the opportunity of the Italian National Recovery and Resilience Plan to modernize national logistics, which every year represents a detriment to our country in terms of fewer export opportunities,” but he also stressed the importance of “working on internationalization to support companies that want to conquer new markets and strengthen the single markets from During the strengthening of the strategic role of the Italian Trade Agency with the support of embassies

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