Spain: Record of almost 18,000 million in the surplus of the agri-food trade balance in 2020

Published 2021년 4월 30일

Tridge summary

In 2020, the Spanish agri-food sector achieved a record trade surplus of 17,805 million euros, with exports reaching 53,102 million euros, a 4.3% increase from the previous year. The sector's growth rate has been 6.3% per year on average over the past decade. China was the largest market for Spanish agri-food products, with sales totaling 3,732 million euros and growing by 72% due to the pig sector. Other significant markets included Germany, Saudi Arabia, and Morocco. The pig and fruit and vegetable sectors experienced the most growth, while olive oil and wine exports saw a decline. Spain led in EU fruit and vegetable exports, with the pig sector becoming the EU's leading pork exporter in 2020.

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

Original content

In times of pandemic, the 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 stated in the report 'Analysis of agri-food exports. Year 2020 ’, prepared by the agri-food expert on international issues Jaime Palafox y Cajamar, with the collaboration of the Master in Agri-Food Business Management (MGEA), which was presented yesterday. 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 countries, Spain maintains its fourth place in 2020 behind the Netherlands, Germany and France, and ahead of Italy, but leading growth. In this sense, Germany (-1.2%) and France (-3.9%) ...

Source: Agrodiario Huelva