The Spanish agri-food trade balance grew by 25.8% in 2020

Published 2021년 8월 16일

Tridge summary

Spanish agro-food and fishery exports reached a record high of 53,848 million euros in 2020, an increase of 4.1% from 2019, despite the pandemic and a decline in international trade. The sector's trade balance increased by 25.8% to 18,693 million euros, accounting for 20.6% of total national exports. The EU remained the primary destination for these exports, accounting for 63% of the total. However, exports to third countries, especially China, saw an 8.5% increase. Despite this, the sector faced a 22.5% decrease in volume and 24% decrease in value in the first four months of 2021 compared to the same period in 2020, highlighting the difficulty in consolidating new markets after the Russian veto on imports of fruit and vegetables from the EU.

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

Original content

Exports of Spanish agro-food and fishery products reached an all-time high of 53,848 million euros (+4.1%) in 2020 compared to 2019. The data show the strength of a sector with a strategic nature for the Spanish economy. This good performance is more striking in a scenario marked by the uncertainties of the pandemic and with international trade in decline -exports of the Spanish overall economy fell by 10.2% last year (Fig 1). These are some of the figures compiled by the Ministry of Agriculture, Fisheries and Food regarding foreign trade in 2020. It should be noted that forestry products are not included, which did appear in previous reports, as they now depend on the Ministry of Ecological Transition and the Demographic Challenge. Agro-food imports Imports of the total Spanish economy fell by 14.7% in 2020. The decrease was smaller in the agro-food and fishing sector, by 4.6%, reaching 35.155 million euros. As a result, the trade balance of the Spanish agro-food and fishing ...

Source: Agroberichtenbuitenland