Spanish Food and Fish Exports Reach Historic High

tendata blogExport News

ten data blog22-03-2024

In 2023, the agricultural and fisheries sectors of Spain demonstrated remarkable performance, achieving a new milestone in export revenue.

A recent announcement by the Spanish Ministry of Agriculture, Fisheries, and Food (MAPA) revealed that the combined export value of these industries reached €70.43 billion in 2023.

This achievement not only represents a 3% increase over the forecast for 2022 but also marks the first time surpassing the €70 billion threshold.

Significant Economic Contribution

After evaluating the data, Minister Luis Planas stated, "The balance of agricultural, food, and fisheries sectors is recovering after the downturn in 2022, with a growth of 10%, reaching €15.47 billion."

He further commented on the vitality of the industry, highlighting its role as a cornerstone of national economic growth and Spain's position as a leading agricultural food powerhouse.

The 3% growth rate of the sector exceeds the overall economic performance, with agricultural exports accounting for 18.4% of Spain's total international sales and imports representing 13%.

Export Dynamics and Import Growth

Imports saw a modest increase of 1.2%, totaling €54.96 billion, slightly below. The leading export categories were the meat industry, generating €10.3 billion, followed closely by fruits and vegetables, generating nearly €9.98 billion and over €8.86 billion, respectively.

It is noteworthy that exports in the vegetable and legume sectors saw a significant increase of 9.9% compared to the previous year.

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Diversified Destinations and Global Influence

Exports in 2023 were heavily tilted towards the European Union, with 67.4% of exports flowing into the EU, an increase of 8.2% from 2022.

Conversely, exports to third countries decreased by 6.2%, accounting for 32.6%. The "2023 Annual Trade Preview" provided a comprehensive analysis of the trade performance of the agricultural and fisheries sectors using temporary data provided by the State Tax Administration Agency's Customs.

Entering this Dynamic Market

If you wish to delve deeper into specific segments or regions within this dynamic market, feel free to inquire with Tendata. We are eager to assist you with comprehensive reports on Spain's trade situation in segmented markets, elucidating areas of your interest. (>> Contact Tendata now)

When you want to explore which 6-digit or 8-digit HSN codes exist, you can search using HSN codes on the Tendata platform. We provide you with detailed statistics on trade volume, frequency, and other Spanish categories. Below is an example Tendata offers for your reference. (For detailed information, please contact Tendata)

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