The Ministry of Agriculture and Fisheries, Food and Environment has published the Advance of the Annual Foreign Trade Report 2017, in which it is noted that Spanish exports during the past year have broken a historical record when exceeding in value, for the first time, 50,000 million euros.
The Progress Report states that exports from the agri-food and fishing sector reached 50,039 million euros last year, with an increase of 6.8% over 2016 (*).
Imports accounted for 37,979 million euros, which generated a balance of 12,061 million, assuming an improvement of 4.5% over the previous period
The exports of the agri-food and fishing sector constituted 18.1% of the exports of the national economy as a whole.
Spain thus ranks as the fourth EU exporter of agri-food goods, being surpassed only by the Netherlands, Germany and France
Regarding the destination of exports, although the EU continues to be our main customer, with a share of 73%, the diversification of the markets continues. The exported value reached the figure of 36,772 million euros, representing an interannual increase of 6.3%. The first commercial partner was France (€ 8,019m, + 4.7%), followed by Germany (€ 5,624m, + 2.7%), and Italy (€ 5,601m, + 14.3%).
Regarding third countries, exports reached 13,267 million euros, representing 8.3% more than the previous year
The first non-EU market for our products was the United States (€ 1,999m, + 9.3%), followed by China (€ 1,478m, + 3.0%), and Japan (€ 901m, + 16.3%).
Regarding the export data by sector: meats grew by 9.3% to € 5,704 million, vegetables 2.2% (€ 6,033 million), fruit 0.6% (€ 8,294 million), oils and fats 16.3% (4.938M €) and beverages 6.7% (4.156M €).
TO DOWNLOAD THE PROGRESS OF THE ANNUAL FOREIGN TRADE REPORT 2017, CLICK ON THIS LINK
Source: MAPAMA
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