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Andalusia closes 2020 with a record trade surplus

February 28, 2021
Andalusia closes 2020 with a record trade surplus

The Andalusian region exported 27,832 million euros in 2020, a figure that represents a logical decrease of 12.3% compared to the previous year, produced by the effects of COVID-19 on global economic activity. However, it reflects the positive trend in international sales throughout the year, as this decline is the smallest since April, the first full month in which the virus affected Spain (-12.1% year-on-year). The period January-August was the worst, with a drop of 15.8%. These data are provided by Extenda.

In 2020, three Andalusian provinces reach their best historical record: Almería, Málaga and Granada, driven by the boost from agri-food sales. Likewise, six achieve a trade surplus with abroad, all except Cádiz and Huelva, whose trade balances are conditioned by energy imports that enter through their ports to supply Andalusia and a good part of Spain.

Seville is the first province in exports from Andalusia this year, with 6,177 million, 22.1% of the total, and the second largest provincial surplus, of 1,527 million, despite the fact that decreased by 11.1% compared to 2019. Huelva follows with 5,380 million in 2020, 19.3% of the total, although their sales fell by 24.2%, greatly affected by the fall in sales of minerals and the price of fuels.