(Finance) – Nei first eight months of 2024, theimport of new cars in value towards Italy it is growing (+3.9% compared to the first eight months of 2023). Both the industrial vehicle and passenger car sectors show increases in imports (+3.5% and +6.5% respectively). On the contrary, exports in value are decreasing compared to that of the first eight months of 2023, -18.9%: the value of industrial vehicles, in the analyzed period, 2024, drops by 6.9%; exported cars, however, are down by 23.1%. The balance is negative for approximately 12.6 billion euros for cars and a positive figure of around 850 million for industrial vehicles.
While the import of motor vehicles originates almost entirely from European countries (89.3% of the total imported value), exports to Europe represents, in the period January-June 2024, 59.7% of the total. Among non-European destination countries, the United States remains the first market (19.3%), followed by Japan (3.8%) and China (2.2%).
As regards the components sector, in the period analysed, both imports fell by 7.6% and exports fell by 1.8%, with a positive balance of around 4.4 billion euros (it was of 3.7 billion in the same period of 2023). Europe represents 78.3% of the import value and 78.9% of the export value. Outside the European continent, the first macro-area of origin is Asia, from which Italy imports 14.8% of parts and components (in value), while the first macro-area of export destination is North America : 9.7% of the total.
The country from which we import and export the most automotive components is Germany, which, respectively represents 24% of imports and 20% of exports of the Italian trade. Following, in order, to complete the Top3, are France and China regarding imports and France and Poland considering exports.