Total Canadian imports of machinery and technology referring to the 15 sectors covered by the Machines Italia project, increased by 14.7% in the first six months of 2015 compared to the same period of the previous year. Italy closed the first half of 2015 with an extremely positive result from the point of view of Canadian imports of capital goods, registering an increase of 21 percent (from €116.4 million in 2014 to €140 million in 2015). Should import trends remain at current levels, 2015 could be another record year for Italy, following the exploit recorded in 2013. However, the strong appreciation of the euro against the local currency, which just in the months of July, August and September 2015 gained 10-15 percentage points, and the slowdown of the Canadian economy in general and the mining and quarrying sector in particular, could negatively affect our country's positive trend. In fact, data published by Statistics Canada for the second quarter of 2015 indicate a negative growth in Canadian GDP of 0.1 percent.
Italy remains with a market share of 3.1 percent, (+5.5 percent, compared to 2014), Canada's fifth largest supplier of machinery and instrumental technology, preceded in order by the U.S., China, Japan and Germany and followed by Mexico, the U.K., South Korea, Malaysia and Taiwan. Among the top 10, South Korea, Taiwan and Japan recorded the largest increases in their exports to Canada. Japan, in particular, with +27% regained its 3rd place among supplier countries, which it ceded in 2014 to Germany. Firmly in 7th place is the United Kingdom, whose leap forward in 2014 seemed to be due to cyclical factors and destined to disappear or shrink over the course of the year.
The main items of Canadian machinery imports, referring to the 15 sectors covered by Machines Italia, include machinery for the printing and papermaking industry, agricultural machinery, and construction and earthmoving machinery. These three product categories account for about 60 percent of the total.
From Italy, Canada purchased in the first 6 months of 2014, in order, metalworking machinery and tools, food processing machinery, packaging and wrapping machinery, plastic and rubber processing machinery, and agricultural machinery.
As far as Canadian imports of capital goods from Italy are concerned, all commodity categories increased compared to the same period last year, with the exception of agricultural machinery (-4.6 percent), machinery for the printing and paper industry (-10.3 percent), earth-moving machinery (-25.1 percent), stone processing machinery (-29.1 percent) and machinery for the tanning industry (-60.6 percent),.
Italy remains with a market share of 3.1 percent, (+5.5 percent, compared to 2014), Canada's fifth largest supplier of machinery and instrumental technology, preceded in order by the U.S., China, Japan and Germany and followed by Mexico, the U.K., South Korea, Malaysia and Taiwan. Among the top 10, South Korea, Taiwan and Japan recorded the largest increases in their exports to Canada. Japan, in particular, with +27% regained its 3rd place among supplier countries, which it ceded in 2014 to Germany. Firmly in 7th place is the United Kingdom, whose leap forward in 2014 seemed to be due to cyclical factors and destined to disappear or shrink over the course of the year.
The main items of Canadian machinery imports, referring to the 15 sectors covered by Machines Italia, include machinery for the printing and papermaking industry, agricultural machinery, and construction and earthmoving machinery. These three product categories account for about 60 percent of the total.
From Italy, Canada purchased in the first 6 months of 2014, in order, metalworking machinery and tools, food processing machinery, packaging and wrapping machinery, plastic and rubber processing machinery, and agricultural machinery.
As far as Canadian imports of capital goods from Italy are concerned, all commodity categories increased compared to the same period last year, with the exception of agricultural machinery (-4.6 percent), machinery for the printing and paper industry (-10.3 percent), earth-moving machinery (-25.1 percent), stone processing machinery (-29.1 percent) and machinery for the tanning industry (-60.6 percent),.