Exports from Spain continue on the path of recovery

Published 2021년 2월 24일

Tridge summary

In 2020, Spain's exports of goods saw a substantial recovery, reaching 90% of the value from the previous year and slightly surpassing the exports of the same month in the year before. The country saw a trade deficit of 13,422.1 million euros, a significant decrease from the same period in 2019, with a coverage rate of 95.1%. Andalusia set a new export record for olive oil, reaching 11,255 million euros, while Catalonia's food sector exports surpassed 11,000 million euros for the first time. The region led Spain's agri-food exports in value, contributing 21.53% to the total, with France, China, Italy, Germany, and the UK being the main importers. There was a notable increase in exports to Saudi Arabia, Morocco, and Hong Kong, with China emerging as the second most popular destination.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Exports of goods from Spain in 2020 have managed to recover progressively and reach levels similar to those of a year ago with 90% of the value exported in 2019, although it is noteworthy that in December 2020 exports exceeded the value exported in the same month from the previous year. From January to December 2020, Spanish exports of goods reached 261,175.5 million euros, while imports reached 274,597.5 million euros. Despite the current difficult economic context, the number of regular exporters has continued to increase (4.1%) to exceed 55,000, a new historical record. It represents an increase of more than 42.2% in exporters since 2010. The recovery of exports is being more dynamic than that of imports, which has allowed the trade balance to register a deficit of 13,422.1 million euros, 58% less compared to the same period in 2019. The coverage rate in 2020 stood at 95.1%, 5 points more than that registered in January-December 2019. Olive oil Agri-food exports from Andalusia ...

Source: Oleorevista