Market Brief on Italy Jan 2018 Location Facts and Figures Italy is a peninsula surrounded by Adriatic Sea in the east, Ionian Sea in the southeast, Tyrrhenian Sea in the southwest and its southern boundary extending into the Mediterranean Sea. It shares its northern land boundary with France, Slovenia, Switzerland and Austria. Italy possess many islands including Sicily and Sardinia within its territory. Italy is located at a meeting point of African and Eurasian plate. Total Population Area Time Zone Capital City International Telephone Code Currency Exchange Rate (02/02/18) GDP (2017 est.) GDP per capita (2017 est.) GDP Growth Rate (2017 est.) Ease of Doing Business (World Bank 2017) Inflation Rate (2017 est.) Official Language(s) Languages 61 million 301,338sq km UTC+1:00 Rome +39 Euro 1 EUR = 1.24933 US$ US$1,895.3 billion US$30,891.9 0.9% 50/190 0. Italian French, English, German City Cities and Population Population Roma (Rome) 2,648,843 Milano (Milan) 1,305,591 Napoli (Naples) 1,046,987 Torino (Turin) 921,485 Palermo 689,349 Genova (Genoa) 655,704 Bologna 385,813 Firenze (Florence) 381,762 Catania 341,685 Bari 335,647 Business Hours Literacy Rate 99% Measures Important International Participation 0800 hrs-1700 hrs Lunch 1300-1400 hrs Metric System EU, AfDB, UN, WTO, G- 20, Schengen Convention
Na US$'000 Italy Trade with the world 600,000,000 500,000,000 400,000,000 300,000,000 200,000,000 100,000,000-2012 2013 2014 2015 2016 Exports (US$'000) 501,528,85 518,095,10 529,528,73 456,988,72 461,529,40 Imports (US$'000) 489,104,11 479,336,35 474,082,55 410,933,26 404,577,97 Major import sources of Italy (2016) Major export destinations of Italy (2016) 1 1 39% 9% 4 7% 9% Germany France China Netherlands Spain Belgium USA UK Russia Switzerland Germany France USA UK Spain Switzerland Belgium Poland China Netherlands
US$'000 Major import products of Italy (2016) Major export products of Italy (2016) 11% 20% 39% 4 8% 8% Petroleum oils & gas Machinery (Automatic data processing machinery, printing machinery) Electrical machinery (Telephone sets, electrical circuits) Pharmaceutical products Polymers of ethylene & propylene Iron and steel Organic chemicals (Heterocyclic compounds, antibiotics) Medical or surgical instruments and apparatus Precious or semi-precious stones Machinery (Thermo valves, bottling machinery) Electrical machinery (Insulated cables,electrical circuits) Pharmaceutical products Plastics and articles thereof Articles of iron or steel Furniture Articles of apparel and clothing accessories, not knitted or crocheted Mineral fuels Medical or surgical instruments and apparatus; parts Zimbabwe-Italy Trade 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0 2012 2013 2014 2015 2016 Exports (US$'000) 126,779 113,785 114,570 83,694 53,820 Imports (US$'000) 31,196 53,413 24,345 21,570 17,662 Trade Bal (US$'000) 95,583 60,372 90,225 62,124 36,158
Zimbabwe s major exports to Italy (2016) Zimbabwe exports to Italy in 2016, (US$ 000) Annual growth in value between 2012-2016, %, p.a. Italy Imports from the World in 2016 (US$ 000) Ferro-alloys 40,754-19 1,107,250 Granite, crude or roughly trimmed 7,076-13 178,594 Leather further prepared after tanning or 2,122 53 124,228 crusting incl. parchment-dressed leather Granite, in any form, polished, decorated or 1,197 19 110,410 otherwise worked Raw hides & skins 1,160 4 80,455 Crocodile skin leather 335 41 188,995 Fresh or dried oranges 284 46 97,980 Zimbabwe products with export potential to Italy Zimbabwe's imports from Italy (2016) Granite, crude or polished Fresh cut roses Fresh vegetables Edible fruit, nuts, peel of citrus fruit, melons, avocadoes pineapples, mangoes, avocadoes, guavas Cane sugar Tea and coffee Tobacco, unmanufactured Leather Iron and steel articles Diamonds jewellery Fish fillets and pieces, fresh, chilled or frozen Art and crafts stone sculptures, basketry, paintings 7% 11% 59% Machinery (for working rubber; steam turbines; pumps; bottling machinery) Plastics and articles (Cellulose; amino resins; tubes & pipes) Electrical machinery and equipment and parts Grinding wheels Leather Animal or vegetable fats and oils Medical or surgical instruments and apparatus Articles of iron or steel Furniture
Useful Addresses Embassy of the Republic of Zimbabwe in Italy Via Virgilio, 8-2nd Floor 00193 Rome Tel: +39 6 68308282; 68308273 Fax: +39 6 68308324 E-mail: zimrome-wolit@tiscali.it, zimrome@zimfa.gov.zw Embassy of Italy in Zimbabwe 7 Bartholomew Close Greendale P. O. Box 1062 Harare Tel: +263 4 497373; 497200; 498190 Fax: +263 4 498199 E-mail: ambasciata.harare@esteri.it International Chamber of Commerce Association of The Italian Chambers of Commerce Via Flaminia, 21, 00196 Roma Tel : +396 3215660 Fax : +396 3210253 E-mail : assocamerestero@italchambers.net Website : www.assocamerestero.com Preferential Trade Arrangements Interim Economic Partnership Agreement (iepa) Zimbabwe signed the iepa under the Eastern and Southern African Bloc with the European Commission (EC) on 29 August 2009 together with three other countries (Madagascar, Seychelles and Mauritius). The interim EPA consolidates the duty free, quota-free market access which the EU28 offers to all exports from the four Eastern and Southern African States (ESA). The ESA countries involved will gradually open their markets to EU exports over 15 years, with some exceptions for products that ESA countries consider sensitive. Travelling to Italy Zimbabwe nationals must apply for a visa in person at the Italian Embassy. A valid passport (at least 6 months) is required. Options to travel to Italy by air include: Harare-Johannesburg- Rome/Milan Harare-Lusaka-Dubai-Rome/Milan Harare-Addis Ababa-Rome/Milan For more information, please contact us www.tradezimbabwe.com info@zimtrade.co.zw +263-4-369330-41 Disclaimer: ZimTrade strives to compile reliable, research-based information that is passed on to our clients in good faith. Whilst every care has been taken in the production of this report, ZimTrade does not accept any responsibility for the accuracy of the information supplied. For more information about ZimTrade and its activities log on to www.zimtrade.co.zw