January 23, 2020

The province will exceed 1.000 million exported per year

The province will exceed 1.000 million exported a year for the second time With one month to compute from 2019, December, sales in other countries are 8,2% higher than those of all of 2018

Foreign trade is one of the positive notes that the Albacete economy has had in recent years, and the figures for 2019 confirm this trend, although the month of December is still to be computed. What is certain is that for the second consecutive year the province will exceed 1.000 million euros in sales of products and services in other countries, exports.

The Ministry of Industry published yesterday the monthly Foreign Trade report dedicated to November, and there it can be seen that until then, since January, exports from the province amounted to almost 1.037 million euros, 1.036,8, a figure that represents 8,2 % more turnover compared to the same period of 2018. Percentage-wise, the growth of Albacete's exports is better than that of all of Castilla-La Mancha (2,4%) and better than that of the entire country (1,4% ) Of course, one more month the statistics show that Albacete is far from the leading positions in foreign trade, inside and outside the region. The 1.036 million euros sold to other countries in 2019 represent 0,4% of all exports made from Spain. Within Castilla-La Mancha, as in previous reports, it can be seen that except for Cuenca, all the provinces export more than Albacete. In 2019, with December to be computed, Guadalajara was the first province in exports, with 1.842 million, followed by Ciudad Real, with 1.826, and Toledo, with 1.739.

Regarding what Albacete and its companies invoice for other countries, the data of the Ministry of Industry They say that 35% of 2019 exports have to do with the agri-food industry, which includes wine and its derivatives. Another 20% responds to products and services from companies dedicated to capital goods and machinery. The bulk of exports, not only those made from the province but also from the region, went to other countries of the European Union, especially France, Portugal and Germany.

THE IMPORTSOBECAUSE.

The statistics of the Ministry of Industry They also show that imports also increase, that the province in 2019 bought more from other countries than in 2018, although the increase is less than that of exports. Between January and November, products and services outside Spain were purchased from the province for a value of 773,5 million euros, which represents 2,4% more imports. With these figures, the province's trade balance is positive, that is, the province manages to sell abroad more than it needs to buy abroad, a trade balance that, pending the foreign trade data for December, stands at 263,2 .XNUMX million euros

Source The Tribune of Albacete


 

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