Cristina Vallejo
Malaga
Friday, 20 December 2024, 17:41
Malaga province has recorded overseas sales worth 2.78 billion euros between January and October, which represents an increase of 1.5% compared to the figures of just a year ago, a year in which exports set record levels for the fifth consecutive year, standing at over 3.22 billion euros. For 2024 all the signs are that this record will also be beaten.Malaga has shown great consistency in the growth of its export trade in recent years with year-on-year increases. However, in this last financial year its growth has been lower than in Andalucía as a whole, with region-wide exports having increased by 5.8% year-on-year to nearly 33.58 billion euros. Yet in 2023 Andalucía exported goods and services worth over 41.29 billion euros, a figure that was also below that of 2022 when it came close to 47.25 billions. Regarding the data for 2024, a statement from the regional government highlights that Andalucía is in third place in Spain for exports and is the only one that is growing in the top five exporting regions, the other four being Catalonia, Madrid, Valencia and the Basque Country.Within the context of Andalucía, Malaga is also among the provinces where exports have grown the least so far this year, along with Huelva, where they only increased by 1.2% between January and October compared to the same time last year. However, there are two other provinces within this region that have performed worse: Cadiz, which has suffered a 9.5% drop (although it is the third largest exporter after Seville and Huelva, with more than six billion euros in the first ten months of the year in exports), and Almeria, which has recorded a 1% drop to 4.49 billion euros.In the regional ranking for export sales in Andalucía Malaga is fifth this year behind Seville (8.29 billion euros), Huelva (6.35 billion), Cadiz (6.31 billions) and Almeria (4.49 billions), and then ahead of Cordoba (2.70 billion euros), Granada (over 1.44 billion euros) and Jaen (1.20). Junta sources point out that Seville is the province that contributes most to the growth of exports in Andalucía and Spain. It is no coincidence that the increase in export business from this province is 28.4% year-on-year.
Nevertheless, Malaga has one point in its favour: it is performing better than the country as a whole. Domestic sales abroad have risen by just 0.7% year-on-year to over 322 billion euros. As is the case with Andalucía, the 424 billion euros in exports recorded in 2023 as a whole were also less than the almost 460 billion euros of a year earlier. Neither Andalucía nor Spain have been able in recent years to match the export growth records that Malaga has achieved annually these past five years.
Sales by sector
The figures released this week by the Ministry of Economy, Trade and Tourism in Madrid also reveal how the most important sectors have performed in terms of exports. For Malaga there is great disparity between winners and losers. T