1. The future of Italian exports: new forecasts for 2006-2010 Responses to increasing competition have been different across sectors Unit average values and volumes of Italian exports of good a) (% changes; January-June 2006-January-June 2005) a) The petroleum refined products sector is not shown in this chart because it would alter the scale. Data for such sector are: +43.4% unit average values; -12,4% volumes. Source: SACE-OEF calculations on Istat data (Trade Statistics).

2. Prospects of Italian exports and the role of SACE SACE sectoral coverage Unit average values and volumes of Italian exports of good a) (% changes; January-June 2006-January-June 2005) a) The petroleum refined products sector is not shown in this chart because it would alter the scale. Data for such sector are: +43.4% unit average values; -12,4% volumes. Source: SACE-OEF calculations on Istat data (Trade Statistics).

3. Prospects of Italian exports and the role of SACE Top 10 destination markets and SACE commitments CountriesExports a) Commitments b) Shares C) China14.53.02,45 Malaysia14.00.20,37 Russia12.712,72,11 Romania12.51.71,26 Thailand12.51.70,35 Bulgaria11.70.20,45 Philippines11.70.10,10 Finland11.51.40,77 South Africa11.31.10,65 Indonesia11.20.20,24 a) Investment goods; annual average growth rate 2006-2010 b) Medium-long term: June 30° 2006 as a % of total commitments c) % total investments goods exports Source: SACE calculations on SACE and SACE-OEF data.

4. Prospects of Italian exports and the role of SACE In order to better support competitiveness SACE’s possible routes are: Extension of the Made by Italy concept: covering Italian firms operating abroad (through foreign controlled entities), consistently with the transformations in the value chainsExtension of the Made by Italy concept: covering Italian firms operating abroad (through foreign controlled entities), consistently with the transformations in the value chains Introduction of the Made for Italy concept: supporting firms operating in sectors (i.e. energy, infrastructure), that have large positive effects on activity and employment in ItalyIntroduction of the Made for Italy concept: supporting firms operating in sectors (i.e. energy, infrastructure), that have large positive effects on activity and employment in Italy More counterparties and instruments: not only banks but also other financial firms; not only re-insurance but also market based risk coverageMore counterparties and instruments: not only banks but also other financial firms; not only re-insurance but also market based risk coverage Strengthen the public-private partnershipStrengthen the public-private partnership