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Italy’s Exports to China Are Booming and It’s Not Clear Why

  • One theory is Chinese demand for a Covid therapies is surging
  • Analyst says re-exports from other EU nations could explain it

Italy’s exports to China have tripled in little more than a year. The problem is, even the experts are struggling to explain why.

Shipments abroad rose above €3 billion ($3.3 billion) in February, up 131% from a year earlier. This follows another jump of 137% the month before. For comparison, Italy exported about €1 billion of goods and services in January 2022 to the world’s No. 2 economy.