Italy’s Top Products in World Trade: The Fortis-Corradini by Marco Fortis, Stefano Corradini, Monica Carminati PDF

By Marco Fortis, Stefano Corradini, Monica Carminati

ISBN-10: 3319158163

ISBN-13: 9783319158167

ISBN-10: 3319158171

ISBN-13: 9783319158174

This publication analyzes Italy’s exterior competitiveness intimately and introduces a brand new index, devised by way of Marco Fortis and Stefano Corradini for Fondazione Edison, that highlights the strengths of Italy’s international alternate. in comparison with the exchange functionality Index compiled and up to date each year by way of UNCTAD/WTO’s overseas alternate Centre, the Fortis-Corradini Index (FCI) presents larger sectorial aspect by way of concerning 5117 items pointed out in response to the six-digit HS 1996 foreign category to be had at the UN Comtrade database. the hot index confirms that, opposite to frequent opinion, Italy is without doubt one of the world’s best international locations, with a unprecedented place of management in international alternate. therefore, based on the FCI, for 932 items Italy used to be both first, moment or 3rd around the world by way of overseas alternate surplus in 2012. in addition, the FCI unearths, for instance, that purely 3 nations (China, Germany and the us) handed Italy in 2012 when it comes to the variety of first, moment and 3rd areas of their exchange stability world wide. In proposing the FCI and meticulous statistical information, this hugely unique examine should be of broad interest.

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Additional info for Italy’s Top Products in World Trade: The Fortis-Corradini Index

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For clothing, footwear, bags, etc. , and parts, of/clad with precious metal Shotguns, shotgun-rifles for sport, hunting or target Door closures, automatic, of base metal Valves, pressure reducing Garments nes, of materials nes, knit Safety glass (tempered) for vehicles, aircraft, etc. Rubber tube, pipe, hose, metal reinforced, no fittings Nonwovens, man-made fila Vermouth and other flavoured grape wines—pack <2 l Wadding, products, manmade fibres, not sanitary items Sawing machines for stone, ceramics and glass Uncooked egg pasta not stuffed or prepared Bars and rods, rectg cross-se Machine tools to bend, fold, shear or press metal, nes Drilling or morticing machines for wood, etc.

The main indicator that provides the basis for these two presumed “truths” is that in recent years Italy’s market share of worldwide exports has decreased slightly (as has also been experienced by France, Great Britain, the United States and Japan due to the aggressive rise of China and South Korea). 7 G20 countries: “Collecting medals” in international trade: year 2012 (billion dollars) Countries 1 2 3 4 Trade balance value of the products in which the G20 countries are first in the world ranking Trade balance of the products in which the G20 countries are second in the world ranking Trade balance of the products in which the G20 countries are third in the world ranking Trade balance of the products in which the G20 countries are first, second and third in the world ranking (excluding crude oil, natural gas and coal) China 1,256 119 34 1,410 Germany 250 218 58 526 Japan 312 119 53 484 a 240 86 41 353 United Statesa 5 South 105 82 98 285 Korea 6 ITALY 56 68 53 177 206b 203c 10 176 7 Russiab 8 India 51 91 15 158 133d 17 30 137 9 Australiac 10 Brazil 55 68 10 134 11 France 72 28 20 120 12 Mexico 63 20 22 105 13 Canada 51 19 33 102 48 36 19e 90 14 Indonesiad 15 United 26 16 20 62 Kingdon 16 Turkey 17 13 11 41 17 South 15 21 4 39 Africa 334f 6 3 38 18 Saudi Arabiae 19 Argentina 17 3 14 34 Total 3,308 1,233 549 4,471 Value of the foreign trade balance of the products in which each G20 country are first, second or third in the world ranking of the trade balance for a total of 5,117 products a 14 billion dollars of coal b 62 billion dollars of natural gas c 181 billion dollars of crude oil d 43 billion dollars of coal e 13 billion dollars of coal f 305 billion dollars of crude oil Positioning of Italy is emphasized in bold Source Compiled by Fondazione Edison on data from Istat, Eurostat and UN Comtrade 26 3 The Fortis-Corradini Index (FCI)—Fondazione Edison But everything changes if one considers trade relations minus energy and primary agricultural commodities and takes as a yardstick of competitiveness not exports but the trade balance of non-food manufactured products as calculated by the World Trade Organization.

1 302 Metal and wire cutting shears, etc.

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Italy’s Top Products in World Trade: The Fortis-Corradini Index by Marco Fortis, Stefano Corradini, Monica Carminati


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