27 Feb, 2023 @ 10:00
1 min read

EXPORT BOOM: Spain’s Malaga smashes its export record and reaches a new high of €2,880 million

olive oil shortage
Olive Oil is one of Malaga's main exports

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:

Cristina Hodgson

Half English, half Spanish animal person. Cristina loves writing about all things fitness, travel and culture, she is also a script writer and novelist. When she's not typing away, you can find her enjoying outdoor sports somewhere off the beaten track in Andalucia. If you have a story get in touch! [email protected]

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

British prisoner's plan for a great escape during visit to the dentist in Ibiza fails miserably
Previous Story

LISTED: Roads expected to be saturated during Semana Blanca in Spain’s Andalucia

Doctor Holding StethoscopeMan threatens to kill doctor at Murcia region health centre in Spain
Next Story

Hydrogel spacers treatment for prostate cancer

Latest from Business & Finance

Go toTop

More From The Olive Press