Italy is setting an ambitious goal to reach €700 billion in exports by the end of 2027, as part of a broader strategy to strengthen its global economic presence. Foreign Minister Antonio Tajani outlined the plan, emphasizing the need to reduce bureaucratic barriers and better connect businesses with Italy’s international diplomatic network.

Despite global challenges such as trade tensions and geopolitical instability, Italian exports grew by 3.3% last year. Exports currently account for around 40% of the country’s GDP, making them a crucial driver of economic growth.

The mechanical engineering sector remains the leading contributor, representing 19% of total exports, followed by agri-food products, which are experiencing strong growth, as well as fashion, metal components, and the chemical-pharmaceutical industry.

While Europe remains Italy’s primary market - Germany alone accounts for nearly 13% of exports - the United States is the leading non-EU destination. The government is also looking to expand into emerging markets, including Asia, the Balkans, and Africa.

New trade agreements, such as those with Mercosur and India, along with international business forums and events, are expected to play a key role in achieving the export target.