Spain: The EU country with the most increased agri-food exports in the year of the pandemic

Published 2021년 4월 30일

Tridge summary

Spain's agri-food exports experienced a 4.3% increase in 2020, reaching 53,102 million euros and setting a new record for trade balance surplus at 17,805 million euros. This growth places Spain fourth in the EU for agri-food exports, following the Netherlands, Germany, and France, and ahead of Italy. The report also highlights the dynamic growth of exports to third countries over the past decade, with the pig and fruit and vegetable sectors showing particular growth. However, the wine and olive oil sectors experienced a decline. The growth in agri-food exports is largely due to exports to China, with the pork sector leading this growth.

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Original content

Spain was the European Union country that most increased its agri-food exports last year, which grew by 4.3% to 53,102 million euros, according to a Cajamar report. In times of pandemic, the Spanish agri-food sector once again showed its strength, reaching a new record of 17,805 million euros in its trade balance surplus in 2020. Agri-food exports reached 53,102 million euros last year, 4.3% more than in 2019, while imports amounted to 35,297 million. This is reflected in the report "Analysis of agri-food exports. Year 2020", prepared by the agri-food expert on international issues Jaime Palafox and Cajamar, with the collaboration of the Master in Management of Agrifood Companies (MGEA), which was presented last Thursday . These data indicate, as observed in the report, the sustained growth trend during the last decade where the average growth rate between 2010 and 2020 has been 6.3%. Likewise, in the comparison with the agri-food exports of the rest of the European Union ...

Source: El Economista