In Peru, food export breaks record and increases trade surplus by 33%

Published 2021년 5월 4일

Tridge summary

Spanish agri-food companies have set a new record for exports and trade surplus, with a trade balance of 17,805 million euros in the last year, a nearly 30% increase from the previous year. The growth in agri-food exports, which were the most among the main countries of the European Union, has been above 4% per year for the past decade, with the pork industry playing a key role, especially in exports to China. Other products like olive oil, wines, and frozen fish are also significant exports to China. The regional leadership in agri-food exports is maintained by Catalonia and Andalusia, and the number of exports to third countries, such as China, has tripled since 2010.

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Original content

Agri-food companies have once again set another record for both exports and trade surplus. According to a report by Cajamar, the trade balance shows a positive balance of 17,805 million euros in the last year, which represents an increase of almost 30% compared to the previous year. The figure is especially significant if one takes into account that in just one decade the surplus has multiplied almost by 6. That after in 2020 the sector's foreign sales have broken a new record, rising to 53.102 million, the equivalent already 20% of the entire Spanish economy. Jaime Palafox, an expert in the sector and author of the study, explains that "the analysis of agri-food exports for the year 2020, taking the data available for the full year recently published by Datacomex, shows a growth in value of 4.3% with respect to the previous year, denying the bad omens that were projected from some stands, "says Palafox. In fact, the growth of agri-food exports has been above 4% per year during ...

Source: El Economista America