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Andalusia achieves a trade surplus of 325 million euros in January

March 23, 2021
Andalusia achieves a trade surplus of 325 million euros in January

Andalusia’s exports reached 2,223 million euros in January 2021, with a positive trade balance of 325 million euros, the result of the difference with the 1,898 million euros it imported. This trade surplus is 12 times higher than the 27.3 million euros recorded in January 2020, and contrasts with the trade deficit recorded by Spain as a whole in the first month of the year. These data are provided by Extenda.

The export bill presented by Andalusia in January represents a drop of 17.2% compared to the same month in 2020, due to the COVID-19 pandemic and the Brexit that brought about the end of the United Kingdom’s membership of the European Union. This has led to a 28% drop in Andalusian sales to this country.

However, the Andalusian foreign sector recorded a better performance in non-European markets in the first month of the year, with significant growth in destinations in America, Asia and Africa, thereby increasing the diversification of the region’s exports. Thus, among the top ten markets, one of the most important is America, where sales increased by 32% to 134 million euros, driven by exports of olive oil and fuels.

Another strategic market for the Andalusian export sector, China, also showed a positive performance, with an increase of 1.8% to 41 million euros. Likewise, exports are making notable progress in other Asian destinations such as Taiwan, Japan and South Korea.