Cristina Hodgson
MALAGA has celebrated a ‘historic record’ in exports thanks to an 18% growth in sales.
The 2022 financial year for Malaga has closed with record exports worth €2,880 million—the highest figure since 1995 when records began.
Andalucia has also reached an all-time high, with €42.9 billion in exports, a 24.3% growth in sales, which exceeded the national rate by 1.5%.
Malaga exports broke partial records during practically every month of 2022 primarily thanks to Malaga’s agri-food sector, which includes olive oil and subtropical crops (especially mango and avocado).
This sector, with almost €1,425 million, accounts for 49.5% of the province’s foreign trade in 2022.
Unfortunately, the rise in production costs over the last year and a half (especially energy costs) means that profitability for producers remains at a minimum.
As a region, 11% of all Spanish exports during 2022 was from Andalucia. Only Catalonia (24.4%) and Madrid (14.9%) were ahead, with the main growth markets for Andalucia in 2022 being America (34%) and Asia (26.2%).
READ MORE:
- Exports in Spain’s Andalucia soar by 24.3% achieving ‘all-time record’
- A fruitful year for Andalucia as food exports top €5 billion
