Sace, 650 billion target for Made in Italy exports – Corriere.it

“Four numbers. The size and ability to adapt of Italian exports can be summed up in four figures». This is recalled by the managing director of Sace, Alessandra Ricci, who explains: “Our exports grew by 20% in the first 11 months of last year, an increase destined to continue at a rate of 5% at the end of 2023, when the total value of Italian exports will reach 650 billion euros, confirming that Italy is among the top 10 exporting countries in the world». In short, the data illustrated by Ricci confirm the solidity of the Italian productive fabric in the “fragile” context outlined by the 2023 Risk Map, the document with the survey of 200 foreign markets, elaborated by the group led by Ricci, and presented during the event streaming “Stable Fragility. The ways of sustainable growth”, conducted by the deputy director of Corriere della Sera, Daniele Manca. “We have a solid starting point, we have to work on opening new markets and the pandemic and the war in Ukraine have shown the ability of Italian companies to reposition themselves on different markets, our task is to continue to support them by offering them protection” confirms Ricci, reiterating the role of Sace as a national insurance-financial group specialized in supporting Italian companies. The challenge for Made in Italy companies is to orient themselves in the international context outlined in the analysis of the 2023 Risk Map.

Risk map

A picture that the analysts led by Alessandro Terzulli, chief economist of Sace, define as persistently difficult, as it is characterized by factors such as the weakness of the economic cycle, geopolitical uncertainty and the climate and energy alert. An analysis of 200 different markets indicates that credit risks remain stable overall, without, however, any improvement compared to the decline of the last three years. On the geo-political side, the study indicates that “political risks are becoming more intense and climatic events unfold disruptive impacts”. In the list of countries that represent an opportunity, the document edited by Terzulli indicates India, Vietnam, the United Arab Emirates, Brazil and Mexico. Some reservations are expressed on the markets of Sub-Saharan Africa, while the suggestion of a “selective approach” concerns the Middle East and North Africa. In summary, the study shows that the level of credit risk decreases in 57 countries, remains stable in 72 and increases in 65. «Our risk map is more essential than ever for Italian companies to orient themselves and to grow competitively on the markets , healthy and sustainable. Credit, political and climate risks must be read in an integrated way, but one fact emerges above the others: sustainability and transition are priorities in which to invest in order to build the future growth of companies», observes Ricci.

The Italian system

A testimony of a company that competes abroad comes from Letizia Magaldi, executive vice president of Magaldi Green Energy. «One of our patents are the sand batteries, real energy accumulators thanks to a system based on the fluidized sand bed technology that conserves and returns thermal energy. The idea was to create a system that would keep us as safe as possible from the scarce availability of materials, which we now know is a critical element». Lorenzo Bini Smaghi, president of Société Générale, as well as former president of Sace, also spoke. «Today’s data demonstrate the groundlessness of one of the great fears for the Italian economy, namely that with the end of the lira, our companies would not have been able to withstand international competition. In the past, faced with a shock, the first reaction was monetary devaluation to allow the Italian system to recover. In reality, the arrival of the Euro has prompted Italian companies to roll up their sleeves, demonstrating an incomparable capacity for innovation. In short, monetary stability has helped our production system».

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