Spain: The surplus of the agri-food balance fell by 3.9% in the first half of the year

The balance of agri-food foreign trade registered a surplus of 8,008.9 million euros in the first six months of 2023, that is, 3.9% less compared to the same period of 2022 (8,326.0 million euros), according to the latest Foreign Trade data from the Ministry of Industry, Commerce and Tourism. Between January and June of this year, Spanish exports of agri-food products reached a value of 34,944.6 million euros, that is, 7.1% more compared to the first half of 2022. This increase is mainly due to the growth in sales of fruits, vegetables and legumes, particularly to Germany and, to a lesser extent, to Portugal, France and the Netherlands; and meat products to Italy, France, Portugal and, to a lesser extent, Poland. On the contrary, lower sales of oils and fats stood out, particularly to Italy and, to a lesser extent, Algeria, the United States and China. For their part, imports also registered an increase of 10.8%, standing at 26,935.8 million euros. The sector that presented the ...