Confindustria Moda presents the 2018 turnover figures

Confindustria Moda presented the final figures for the year 2018 and data for the first quarter of 2019. The final data of turnover of the associated companies show in 2018 an annual growth of + 0.7%, rising to 95.5 billion euros. Also in the last year, the strong international vocation of the associated companies has been confirmed, which on the whole generated exports amounting to 63.4 billion euros, up 2.7% compared to the previous year. 49.6% of these flows are insured by textiles and clothing, followed by footwear and leather goods with an incidence of 15.1% and 12.9% respectively; jewelery-jewelery covers 10.2%, while eyewear and tanning are both around 6.0%, furs are around 1.0%.  At the same time, imports show an increase on an annual basis of + 3.6%, more sustained than that experienced by foreign sales, and approaching 35.3 billion.

Going into details of the geographical distribution of trade in the sectors examined, in 2018 the EU absorbed 46.8% of exports in value, while it generated 45.4% of imports. In complementary terms, the non-EU areas, on the other hand, covered 53.2% of Italian sales, while they secured 54.6% of imports. the trade balance of the TMA segment exceeds € 28.1 billion, gaining over € 424 million in the twelve months (+ 1.5%).

The sector is therefore confirmed as the second Italian industrial sector in terms of trade surplus after mechanics. From January to March 2019, the TMA sector demonstrated the ability to continue to establish success in foreign markets: exports grew by + 5.6%, for a total value of 16.6 billion euros; instead, imports amount to 9.1 billion, thanks to a tendential increase of + 2.3%. The trade balance is therefore equal to 7.4 billion, due to an increase of + 9.9%. 

Claudio Marenzi, President of Confindustria Moda

“Together we compete better. These results clearly demonstrate this. In recent years we have all worked together to create systems and help different industries, but with similar problems. We are the only fully integrated supply chain upstream and downstream, and have been able to combine a wealth of craftsmanship and the ability to know how to do with a successful and representative industry of our country in the world. We have so many challenges ahead of us, training, protection and the Made in, the search for a simplification of the tax and a reduction in the cost of labor, the liberalization of foreign trade, sustainability. We will succeed only if we know how to face them together. “