Andalusia reached exports worth 28,498 million euros between January and September 2023, the second best record in history for the first nine months of a year since comparable data was available (1995). It is 12.4% less year-on-year compared to 2022 (when all records were broken), but 13.6% more (3,417 million euros) than foreign sales recorded in January-September 2021. If the pace is maintained in the last quarter, it will be around 40,000 million, somewhat below the almost 43,000 of last year. These are data with which the community brings together economic agents from 75 countries this week in Andalusia Trade Global to promote the internationalization of the community’s companies.
The declines have been occurring since the end of the first quarter, reaching a drop of 23% last September. The Junta de Andalucía explains it by drought and the decrease until September in the international price of energy products and industrial raw materials (fuels, iron and steel, some minerals, etc.). Even so, the two chapters that experience the greatest increase are industrial: copper and its manufactures, with 17.2% more than in January-September 2022; and that of machines, appliances and electrical material, with a growth of 15.9%.
Balance of trade
He energy chapter “interferes decisively in the trade balance: in global terms Andalusia suffers a trade deficit of 29,596 million. But if only non-energy sales are taken into account, Andalusia would already obtain a surplus of 5,883 million euros, with a coverage rate of 133%, up to 35 points more than the average for Spain, which would continue to suffer a deficit of 4,718 million euros in its non-energy trade balance. This intense impact on Andalusia is due to the fact that some Andalusian ports are a major entry point. part of the energy products that Spain buys abroad for consumption throughout the national territory, but imputed to the Andalusian trade balance.
According to the latest data made public by Andalusia TRADE-Business Agency for Economic Transformation and Development, Imports made by Andalusia also fell during the first nine months of the year 14.1%, up to 30,291 million.
Despite the drought, Andalusia maintains its export pulse, as the second community in agri-food sales, just one point behind the leadership, thanks to the boost in vegetables. Specifically, the community exceeded 10.3 billion in international sales of food and beverages (10,309 million euros) between January and September 2023, only 3.8% less than in the first nine months of 2022, despite the drought. In any case, Andalusian agribusiness contributed a trade surplus of 4,947 million to Andalusia’s trade balance with abroad.
Three agri-food chapters account for the greatest weight in Andalusian sales, with different behaviors: vegetables, with 3,012 million euros, 10.6%, growing 6.8% year-on-year, from second place; the fruit, with 2,302 million, 8.1%, which fell 7.6% from fourth place; and the olive oilwith a bill of 2,352 million despite registering a drop in exports of 5.2%, a product that is part of the chapter of vegetable fats and oils, third in the ranking, which fell 7.7% and reached a bill of 2,740 million (9.6% of the total).
Only the fuels that, due to the fluctuations associated with the energy market, sales decreased by 21.9%, to 4,579 million euros, 16.1% of the total, although Andalusia leads exports by tons, with 7,107, 25% of the national total, with a much smaller decrease, of only 3.4%.
In sixth position is the aeronautical, with 1,237 million euros, 4.3%, which registers a slight decrease of 5%; while in eighth place are the various products of the chemical industries, with 914 million, 3.2% and a drop of 44%, due to the drop in biodiesel; followed by minerals, slag and ashes, with 846 million, 3%, which falls 37%; and foundry, iron and steel, with 816 million, 2.9% of the total, which decreased by 27.2%.
France is the first market of sales in this period, with 3,115 million euros, 10.9% of the total, maintaining practically the same figure as January-September 2022, only 0.4% less. Outside the European continent, The US is the first non-EU market and fifth in the world, with a bill of 2,388 million, 8.4% and a decrease of 3.5%; while Morocco occupies eighth place, with 1,246 million euros, 4.4% of the total, and a drop of 18.6%; and China is ninthwith 749 million (2.6% of the total) and 37% less.
The Andalusian foreign sector is experiencing advances that reinforce its destination diversification, so that among its first 25 markets, it registers notable increases in Brazil (14th), where it exports 42% more than in January-September 2022, up to 347 million euros; Mexico (16th), with 276 million and an increase of 20.6%; and Egypt (23rd), which grew by 22.7%, reaching 177 million euros.
Trade Global 2023
The Minister of Economy, Finance and European Funds, Carolina España, will inaugurate the largest business meeting in the foreign sector organized in the community, Andalusia TRADE GLOBAL 2023, which will be held on Wednesday and Thursday, November 22 and 23, at the Seville Congress and Exhibition Palace (Fibes). An event that celebrates its nineteenth edition with a record of 75 countries represented
The event already has more than 1,100 professionals registered from 579 companies, which will hold more than 1,400 B2B meetings with representatives of the Andalusia TRADE International Network, present in 75 marketsin which they will learn about the business opportunities that exist for their products and services in the world, and will be able to schedule actions for next year.
The event will begin on Wednesday the 22nd with a keynote presentation by the president of Microsoft Spain, Alberto Granados, titled ‘Artificial intelligence in a context of global competition. Impact of AI on the competitiveness of Andalusian companies’.