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Spanish Food Exports Rise

18 June 2012
BordBia

SPAIN - The current economic situation in Spain in changing the country’s trade balance and the share of food within it, writes Cecilia Ruiz, Madrid Office Manager of Bord Bia – Irish Food Board.

Spanish food exports increased by 8.8 per cent in the first quarter of 2012 to reach €8.5 billion.

This represented 15.6 per cent of total Spanish export figures. Food imports over the period at €6.5 billion increased by almost three per cent.

Meat exports experienced the greatest growth at 26 per cent to reach €1.12 billion, followed by drinks which grew by 18 per cent to €751 million.

Fruit and vegetables remained the largest export category at €3.73 billion and recorded a rise of 5.2 per cent. Other food categories amounted to €2.24 billion. Seafood exports jumped by six per cent to €655 million.

In the case of imports, the drinks sector experienced a notable increase of 23 per cent at €354 million. The only other category to show growth was “other foods”, which increased by almost nine per cent to €3.87 billion.

In all other products, imports fell by 9.9 per cent. Irish food and drink exports to Spain in the same quarter have shown strong growth in certain sectors such as beef (up by 12.5 in volume and up 27 per cent in value).

Seafood and prepared foods exports have decreased slightly in volume but have grown proportionally in value, while beverages remained stable.

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