Italy is a major industrial partner

Italy is so much more than just spaghetti, fashion, racing cars and furniture; it is also one of Europe’s largest industrialised economies alongside Germany. Italy and Germany share other similarities too, such as the structure of their national economies and industrial sectors, which consist largely of small but competitive family-owned enterprises.

Northern Italy has been a promising industrial location since the early 20th century at the latest. There is an “industrial triangle”, known for its strong textile, steel and chemicals sectors, formed by Genoa, Milan and Turin. Southern Italy meanwhile gradually developed into a producer of consumer goods, especially household goods of innovative design (coffee machines, washing machines, etc.). 

The food industry and metal industry occupy a central role in Italy today too. Machinery alone accounts for 15 percent of Italy’s industrial gross value added.