Italy's support on China's One Belt One Road strategy helps Taiwan's screw exports to Italy
5 Apr 2019 14:56 reported by Blanca
Italy, the Eurozone's third largest economy, was reported that its economy is facing a third recession in the 10 years.
In the past two years, Taiwan's screw products sold to Italy have grown, and now there is a downward trend.
In February, the exports of screws to Italy reduced by 22.45% compared with last year. However, Italy supported China's One Belt One Road strategy, which has also helped its economic growth, and in turn has driven market demand.
Therefore, the situation of screw orders from Taiwan to Italy's market will also be improved.
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