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Spain’s Latest Export Data: Unveiling Growth and Opportunities

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In an increasingly globalized world, exports play a vital role in a country’s economic development. Spain, with its rich trading history, has experienced significant growth in its exports in recent years. In this blog post, we will delve into the latest export data in Spain and analyze the trends driving this surge in international trade.

Sustained Growth in Exports: According to the latest data published by the National Institute of Statistics (INE), Spain has witnessed sustained growth in its exports in recent years. The most recent quarterly report revealed a 7% increase in exports compared to the same period the previous year. This growth is an encouraging indicator of the strength and competitiveness of the Spanish economy in the global market.

Key Driving Sectors: Several sectors have played a pivotal role in driving Spanish exports. Prominent among them are the automotive industry, the agri-food sector, the chemical industry, and tourism. The automotive industry, in particular, has been a major driver of Spanish exports, with a significant rise in the production of vehicles and automotive components. Furthermore, the growing demand for high-quality agricultural products and food has contributed to the success of the agri-food sector in international markets.

Export Destinations: Spain has diversified its export destinations in recent years, reducing its reliance on traditional European Union (EU) markets. While the EU remains Spain’s primary trading partner, there has been an increase in exports to countries outside of Europe, such as the United States, China, and Latin American countries. This diversification strategy has enabled Spanish companies to access new markets and reduce vulnerability to potential economic fluctuations in a specific region.

Challenges and Opportunities: Despite achievements in the realm of exports, Spain still faces challenges in its pursuit of sustainable growth. Some of these challenges include the need to enhance the competitiveness of Spanish companies, strengthen innovation and digitalization in key sectors, as well as promote the internationalization of small and medium-sized enterprises (SMEs). However, there are also promising opportunities, such as the push for the green economy and the transition to more sustainable production, which can open new doors in the export arena.

The latest export data in Spain reflects solid and continuous growth in international trade. The country has managed to diversify its export destinations and strengthen its presence in key sectors such as the automotive industry, the agri-food sector, and tourism. While challenges persist, Spain is well-positioned to capitalize on new opportunities and further expand its presence in global markets. The impetus behind exports is an essential driver of economic growth and prosperity, and Spain is poised to embrace this trend with determination and resilience.

Las importaciones y exportaciones de productos alimentarios entre España y el mercado asiático han experimentado un importante crecimiento en los últimos años.
Categories Export

Import-export between Spain and the Asian market in the last years

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In recent years, the import and export of food products between Spain and the Asian market has seen a significant increase. The growing demand for high-quality food products and the search for new markets by Spanish companies have been key drivers in this exchange.

When it comes to exports, Spain has increased its sales of food products to countries such as China, Japan, South Korea, Taiwan, Singapore, and Malaysia. Spanish olive oil, wine, meat products, nuts, and seafood are among the most popular products. The recognition of Spanish gastronomy in Asia has also contributed to the growth of this trade.

On the other hand, the Asian market has become an important supplier of food products for Spain. China is the main supplier of fresh fruits and vegetables, nuts, and canned vegetables. Thailand, Indonesia, and Vietnam have also increased their sales of food products to Spain in recent years.

However, despite the growing trade relationship between Spain and the Asian market, there are still barriers that make this exchange difficult. Cultural, linguistic, and regulatory differences can sometimes make it difficult to access these markets. Furthermore, the competition in these markets is becoming increasingly fierce, forcing Spanish companies to offer high-quality products at competitive prices.

To fully take advantage of the opportunities presented by the import and export of food products between Spain and the Asian market, it is essential to have a deep understanding of the destination markets and to be able to adapt to their specific characteristics. Spanish companies that are able to successfully navigate these challenges are likely to see continued growth and success in this dynamic market.

Categories Export

Andalusia breaks export record in 2022

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Exports from Andalusia have reached a new record between January and September 2022, by adding, for the first time since there are comparable records (1995), the figure of 32,542 million euros in this period. Sales that represent a growth of 29.8% year-on-year, which exceeds the average increase in Spain by more than five points (+24.7%), as indicated by the latest data made public this morning by Extenda, a public company belonging to TRADE.

The Minister of Economy, Finance and European Funds, Carolina España, highlighted that the Andalusian foreign sector has achieved this new mark thanks, to a large extent, to the 30% year-on-year growth reached by exports in the month of September, until reaching a record that is historical for this month, 3,891 million. “It is -he stated- a growth that also exceeds that of the Spanish average, on this occasion, by almost 8 points (+22.18%), and that is driven by the rebound in the aeronautical chapter, which almost doubles its sales (+87%) and is positioned as the second most exported by the community in that month”.

“With the data for September, Andalusia has already accumulated more than a year and a half of continuous double-digit increase in exports,” pointed out the counselor. It has been 19 months, since the series began in March 2021, which led to 2021 closing with an export record of 34,552 million and which represents only 2,000 million euros more than in the first 9 months of 2022.

The strong export growth of Andalusia comes hand in hand with an important advance in the diversification of products, origin and destinations of the Andalusian foreign sector, which is reflected in the rise in exports in nine of its first ten chapters between January and September, both agri-food as well as industrial and technological; in all geographical areas, with America and Asia with growth of around 30%; and in all Andalusian provinces, which in this period achieved double-digit growth and record sales figures.

Imports by Andalusia also increased in the first nine months of the year, 53% over the same period of the previous year, up to 35,255 million, which places the coverage rate at 92%, eight points above the national quota, which is 84%, originated by sales from Spain abroad of 286,673 million and purchases of 340,110 million.

By chapters, the community increased its exports in nine of the top 10 between January and September 2021, in eight of them at double digits. The agri-food chapters continue to grow and the rise in sales of industrial goods stands out, with an aeronautical sector that continues to gain muscle in international markets after the pandemic and whose sales grow by 36%, reaching 1,302 million euros, for to rank seventh in sales, with 4% of the total accumulated in the year, and second in the month of September, thanks to an increase of 87% (390 million).

Outside the Top 10, but with significant growth, ship exports through the Cadiz naval industry stand out, multiplying their sales by 25 compared to the first nine months of 2021, with 563 million euros.

That of fuels and mineral oils remains the first chapter in sales in Andalusia so far this year, with 5,864 million, 18% of the total and a growth of 58%, the highest in the Top 10. They are followed, for growth rate, chemical industry products, fifth exported with 51% more sales to 1,640 million, 5% of the total; and foundry, iron and steel, eighth, with a rise of 23.9%, to 1,121 million (3.5%).

Sales of other chapters of goods for the industry also rose in this period, such as minerals, sixth in sales, with 23.2% more, up to 1,349 million, 4.1%; and electrical machinery and material, with an increase of 11.8% to 1,014 million, 3.1%. In this period, the only chapter of the top 10 whose sales fell is copper, 3.1% year-on-year, to 1,100 million (3.4%).

At the same time, the Andalusian agri-food and beverage complex continues its sustained growth in sales, which results in the productive diversification of the community’s foreign trade. Vegetables rank as the third exported chapter, with 2,819 million, 8.7% of the total and strong growth, 16.8% year-on-year. Fruit also registered a growth of 3.9%, up to 2,491 million, 7.7%.

Even so, the best-selling product from Andalusia to the world continues to be olive oil, which reaches a new sales record of 2,481 million, 7.6% of the total, thanks to strong growth of 24.8%. It is the most important component of the chapter of animal and vegetable fats and oils, which is the second exported by Andalusia, with 2,968 million (9.1%) and a rise of 28.5%.

Categories Export

Agritech Solutions new website

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Agritech Solutions changes its website and focuses on imports and exports of food products to the Asian market.

Agritech Solutions, is a sum of experiences with the best technology and an excellent human team prepared to face any future challenge.

Through our global network of suppliers and our extensive technical experience, we offer our clients innovative and personalized services so that their agri-food import-export projects become a reality. Including at all times the necessary R&D, together with a complete supply of raw materials, equipment and management of transport and distribution channels.

Whether your business is local or global, we can help you ensure that your project meets quality, health, environmental, safety and social responsibility standards. Putting at your disposal our knowledge and experience in overcoming obstacles in regulatory, market and supply chain issues.

The main products we work with are: skipjack tuna, cinnamon, dried coconut, coconut sugar, vanilla, cloves, white pepper, black pepper, nutmeg, cardamom and mace.

All products are imported from Indonesia and Sri Lanka. If you want to know more about these products, here are the links to download the skipjack tuna and spices catalogues.

Categories Export, Tuna Fish

Skipjack tuna, AGRITECH SOLUTIONS new product

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New Agritech Solutions Skipjack tuna catalogue:

In a few days, you will have available on our website the new Agritech Solutions Skipjack tuna catalogue.

In this new catalogue, you will be able to find information about one of the new products that AGRITECH SOLUTIONS is working on; skipjack tuna:

Skipjack tuna is the most common and most fished large-bodied species of tuna. For management purposes, it is often grouped with yellowfin tuna, bluefin tuna, and other “trua tunas” (genus Thunnus), but differences in their anatomy and physiology have led scientists to place skipjack in its own right. genus (Katsuwonus).

A primary difference between the Skipjack and true tunas is the Skipjack’s lack of specialized structures to raise its body temperature above that of its surroundings.

True tunas (and some other fish) can partially control their body temperature (ie they are warm-blooded), but skipjack’s body temperature is purely a function of the surrounding water (ie they are cold-blooded).

From AGRITECH SOLUTIONS we want to transform the sector and we propose a 100% social, environmental and economic sustainable fishing model, based on supporting artisanal fishing and on the recovery of fishing resources.

In order to achieve this, AGRITECH SOLUTIONS works on:

  • Support for artisanal and sustainable fishing.
  • Progressive elimination of destructive fishing gear.
  • Advance and conversion of deep-sea fishing towards sustainability.
  • Limitation of aquaculture exploitations.
  • Measures aimed at consumer information and awareness.
  • Pollution control in the marine environment.

This model would guarantee us a future with well-preserved oceans, more protected areas and recovered fish stocks.

As we have previously commented, this is a brief summary of what you can find in the new tuna catalogue. If you want more information, do not hesitate to contact us, we will be happy to assist you and solve all the doubts you may have.

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