Italy’s manufacturing sector is the second largest in the eurozone after Germany and sixth in the world, based on measurements of Manufacturing Value Added. It is the world’s eighth largest exporter, with EU countries accounting for nearly two-thirds of its trade.
Machinery & electrical equipment and semi-finished products account for more than half of manufacturing revenues, with other consumer goods, transport equipment and high-tech products also significant.
The value of Made in Italy-branded products has seen significant growth to US$205 billion.
Manufacturing in Italy is expected to receive a boost from the Industrial National Plan 4.0 for 2017-20 unveiled in 2016 by the Ministry of Economic Development. This foresees transforming the sector by merging digital technology and conventional industry, promoting private investment through government incentives and stimulating research & development.