Ecomotive - Archive


Ecomotive: Automotive Economy


70% of the total is EU bound, with Germany as the first market. In Asia Japan overtakes China

Paolo Castiglia

According to Anfia (National Automotive Association), 4.8% of the country’s total exports must be attributed to the automotive sector, while imports total around 3.8%, figures that rise to 5% and 4.4% respectively if we take into account the energy sector’s trade flows. These figures, no doubt, highlight the pivotal role played by this industrial sector in the current plans for a national economic recovery. Just a few significant figures: total exports toward EU countries is worth 13.7 billion Euro (+2.9%) and represents 69% of the sector’s exports (69.3% in 2014) with a trade surplus of 3.6 billion Euro (4.6 billion in 2014). Exports towards non-EU countries totaled 6.2 billion Euro (+4.2%) and accounts for 31% of the sector’s total exports (30.7% in 2014), producing a positive balance of 2.2 billion Euro (2.9 billion in 2014).

"We can say that exports have remained substantially positive, in 2015 - explains Giuseppe Barile, President of ANFIA’s Components Group, who also stated that, "along with the domestic demand, exports have acted as a driving force behind domestic production: this applies to both the motor vehicle sector - with production volumes up by 45%  and overseas sales up by 30.8% in 2015, exceeding 2007 export figures – and the automotive components sector, with production up 10.7% last year".

Overall, exports relating to automotive components were worth 19.9 billion Euro in 2015, an increase of 3.3% compared to 2014. During the same period, though, higher import figures were also recorded (+19,2%), for a total value of over 14 billion Euro, thus bringing the trade balance to a surplus of 5.9 billion euro, but with a 21.6% decrease over the previous year.

"In 2015 - Basile explains in a note - the country’s overall exports were up by 3.7% (in value terms) over the previous year, while imports went up by 3.3 % rising to 7.7% if we include energy products, with a trade surplus of 45.2 billion Euro, 78.7 billion if we exclude energy products. 2014, for automotive components, closed with a -0.2% in exports, for a total value of about 19.3 billion Euro, with a positive trade balance of 7.5 billion Euro (-7%)". Orders, on the other hand,  grew by 15.4% in 2015 with a 36.1% increase in the domestic market alone. Germany remains the first target market with 3.9 billion Euro and a 19.7% share of total exports, while the first Asian destination is Japan which, with 301 million Euro (+ 26% compared to 2014, with a positive balance of 82.4 million) has overtaken China (299 million Euro, - 8.8% compared to 2014 with a negative balance of 728 million).

Breaking down the figures, we find that accessories, including windshields, car windows etc., scored 65.6% of the total export value with 13.1 billion Euro (+ 3.4% compared to 2014) and a surplus of 5.4 billion, followed by the engine segment with a value of 3.9 billion euro (+ 0.2%), which accounts for 19.4% of total exports of components, with a positive balance of 1 billion Euro.

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