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Andalusia increased its exports by 27% in June, five points higher than Spain and the best record ever

August 19, 2021
Andalusia increased its exports by 27% in June, five points higher than Spain and the best record ever

Exports from Andalusia recorded the best June in history since comparable data has been available (1995), with a turnover of 2,935 million euros, a figure that represents a solid growth of 27% compared to the same month in 2020, which is five points higher than that experienced by national sales (+22%). An intense rise, which also contrasts with the -14.7% drop in sales in June last year, the third full month of the COVID-19 pandemic, according to Extenda data.

With these figures, Andalusia is giving a new boost to its recovery through its export sector, which is once again acting as a lever for growth, to continue with firm steps in the normalisation of economic activity and to expand its presence in international markets.

Andalusia’s foreign sector has posted four consecutive months of double-digit growth, achieving year-on-year growth of 15.4% in the first half of 2021, to place Andalusia with an export bill of 16,836 million euros and a surplus of 2,553 million euros, an all-time record in the series since 1995.

On a national level, exports in June amounted to 27,610 million euros, up 22% year-on-year, and imports to 28,587 million, up 35% on June 2020, hence the aforementioned trade balance.

The significant progress of the Andalusian foreign sector in the last four months benefits the accumulated data for the first half of 2021, which already shows a significant growth of 15.4%, which is 5.8 points higher than in the first four months of the year (9.6%), up to 16,836 million euros, making Andalusia the third exporting community in Spain, with 11% of the national total.

Imports also recovered, with an increase of 47% to 2,630 million euros, resulting in a surplus of 304 million euros in the Andalusian trade balance for the month of June. The positive foreign trade balance contrasts with Spain’s deficit of -978 million, which puts its coverage rate at 97%, 15 points lower than Andalusia’s, at 112%. In this way, exports amounted to 14,284 million between January and June, 16% more year-on-year, resulting in a record trade surplus of 2,553 million euros for this period (since 1995), 272 million euros more than in the first six months of 2020.

Nationally, exports stood at 125,961 million euros, up 23.3% year-on-year, and purchases abroad at 158,358 million, up 20.3%, resulting in a deficit in Spain’s trade balance with the outside world of -5,397 million, with a coverage rate of 97%, 21 points lower than that of Andalusia, 118%.

The industrial and energy sectors led the growth in sales in June, rising by double and triple digits due to the marked expansion of industrial activity and the increase in market prices. These are reinforced by the good performance of the agri-food sector, which continues to rise thanks to the increase in fruit and the sustained upturn in olive oil, consolidating Andalusia’s leadership in the export of food and beverages.