Italy, which is a Mediterranean country and has a size of approximately 302.000 km², geographically located in Southern Europe, on a large scale on the Italian Peninsula. France, Switzerland, Austria and Slovenia are neighboring countries in the north of Italy. It consists of 20 regions in terms of number of districts. The most visited cities are Rome, Venice, Florence, Naples and Amalfi Coast.
Italy, also known as ‘boot’ due to the shape that resembles it, is also the birthplace of the Renaissance movement which is the source of European enlightenment. Therefore, the Renaissance movement, which was born in the Tuscan region of Italy, spread all over Europe from there. Italy, which was the center of Western civilization for centuries with its past and present capital city Rome, is also the birthplace of baroque style, the greatest architect of history on a global scale. Italy, which is now governed as a democratic republic, is also one of the founding members of the EU. With a population of 61 million, it is the fourth highest populated country in the EU, following Germany, United Kingdom and France respectively. Italy has a total of 20 regions and there are 96 provinces scattered in these regions. The biggest cities of Italy with a population of more than one million are Rome, Milan, Napoli and Torino.
THE 5TH MOST VISITED COUNTRY IN THE WORLD
One of the strongest sectors of Italy is undoubtedly tourism. Along with the streets that give the country great chances with its beauty and artistic structure, there are also places where Italy should be visited; These are; Coliseum (Rome), Florence Cathedral (Florence), Pisa Tower (Pisa), Grand Canal (Venice) and Saint Peter’s Basilica (Vatican). Italy, the fifth most visited country in the world, is visited by 50 million tourists every year. The country ranks sixth in the world in terms of tourism income.
THERE ARE MORE THAN 200 INDUSTRIAL REGIONS IN ITALY
Italy, which is among the top 10 economies in the world and the 4th of Europe, is also one of the G-8 (Group of Eight) members along with Canada, France, Germany, Japan, Russia, UK and USA. According to 2017 data, Italy’s per capital income is $ 41.000, with a GDP of $ 1,819 billion. Italy owes its strong economic structure mostly to small and medium-sized firms, oftenly family businesses, managed by these themselves. These firms, which gathered together in industrial groups, developed expertise in various categories of capital and consumption products. Another strength of the Italian economy is the development of areas called ‘industrial zones’, where many firms in the same sector, each specialized in another branch of the production process, coexist in tight economic relations. Today, there are more than 200 industrial regions in Italy.
ITALY HAS WORLD FAMOUS COMPANIES
Italy, one of the most prominent countries especially in the field of fashion and textile, is the home of many fashion giants including Armani, Valentino, Versace, Dolce & Gabbana, Robert Cavalli, Benetton and Prada. Similarly, Italy, is one of driving forces of the world automotive market with Fiat S.p.A., one of the world’s largest automobile and industrial groups, as well as its super cars such as Ferrari, Maserati, Lamborghini and Pagani.
ITALY, ONE OF TURKEY’S BIGGEST EXPORT MARKET
The main industries on which the Italian economy is based are tourism, communications, machinery, steel, chemicals, pharmaceuticals, food processing, textiles, motor vehicles, white goods and clothing. When we look at the main goods those Italy exports to world, the preeminent items that attacts attention are engineering products, textile and clothing, manufacturing machines, transport equipments, chemicals, food, beverages, tobacco products, minerals and non-ferrous metals. Italian market, one of Turkey’s largest export market. In the first 7 months of 2018, the textile sector export rate realized an increase of more than 5 percent to $ 545 million.
According to Turkey Exporters Assembly (TIM) data; in 2017, we made export a $ 8.4 billion to Italy, out of total of $ 157 billion worth of overall exports. According to 2017 data; Our textile export to Italy was $ 966 million. Italy is an important market in the textile sector; Turkey exported 260 million dollars of knitted fabrics, 285 million dollars of knitted textiles and accessories, 245 million dollars of cotton and 176 million dollars of woven textiles and accessories.
ITALY’S, OVERALL EXPORTS TO TURKEY 11.2 BILLION DOLLARS
Italy made exported 503 billion dollars to the world in 2017. Countries where Italy sells the most products; Germany, France, USA, Spain, England and Switzerland. Turkey ranks 11th on the list. Italy, which is famous for its machines, exports about $ 100 billion machine. That is, 20% of total exports come from machinery sector. This is followed by automotive with $ 43 billion and electrical machines with $ 30 billion. Italy’s, overall exports to Turkey 11.2 Billion Dollars. Machine exports account for $ 3.3 billion of this.