Limited damage to Abruzzo from the Russia-Ukraine front
We have talked in recent months about how exports have been the sector most affected by the conflict in Ukraine, which has now continued unabated since the end of February.
But Abruzzo, which lives on exports, how does it react?
We can say that our region, despite everything, is also holding up against this other very hard emergency which arrived - in fact - following the two disastrous years marked by the pandemic.
Abruzzese exports continue to be driven by the automotive industry, with a value of more than 4 billion, more than half of the total regional exports.
The Abruzzo exposure towards the front is in the "contained" substance, let's see together why ...
The numbers of exports to the east
According to the data of the Centro Studi di Banca Intesa, in fact, trade flows from Abruzzo to Russia and Ukraine would be less than one million euros for Montepulciano d'Abruzzo wine, and for about 3.5 million euros for what concerns pasta from Fara San Martino.
Furniture to the Russian market is equal to 4,4% (about 5 and a half million euros) of total exports, while to Ukraine it does not reach one million.
The situation linked to the textile industry is also very contained, whose exposure to Russia is equal to 4% of the total for what concerns northern Abruzzo, therefore the Teramo area, and 7% in southern Abruzzo, the greatest loss. ; for Ukraine, on the other hand, the exposure is less than 1%.
Growth in exports despite the war
We report the declarations of the Intesa Regional Director for Abruzzo and Molise regarding exports to our region on the basis of the data described in the research of the Banca Intesa Study Center: “The district export data describes an economic system in recovery. All the more in this historical juncture we are strongly committed to supporting business investments, especially in technological innovation, digitization, green transition and enhancement of supply chains. In other words, those fundamental drivers for growth, in line with the PNRR, which are not by chance at the center of the agreement signed by Intesa Sanpaolo with Confindustria which, as part of a national ceiling, makes a ceiling of 2,6 , XNUMX billion euros. Furthermore, aware that many companies are now facing liquidity and moratorium needs linked to the increase in expenditure items, we have made available new financial measures to support energy-intensive SMEs and those whose turnover could be most affected by the decline in exports, especially to Russia. and Ukraine ".
