Malaga-based companies seek refuge in exports

By | April 18, 2011

Geoffrey Donoghue of Always Marbella property sales and rentals, reports on the latest news and events. For more information please visit Always Marbella’s website at www.alwaysmarbella.com

Foreign sales by Malaga companies rose by 26 per cent in 2010, which was the largest increase in ten years.

They say that when one door closes, another opens. The economic crisis has closed many doors for Malaga companies but international trade has opened others and exports from the province rose by 26 per cent in 2010, according to the Institute of Foreign Commerce (Icex). This is the largest rise in ten years and exports reached a record high of 1,307 million euros. This has balanced Malaga’s commercial economy, which has traditionally been weighted on the side of imports, and both are now more evenly matched: in 2007 imports almost doubled exports, but in 2010 exports were only 11 per cent lower.
The largest leap was in consumer goods, whose exports rose by almost 68 per cent to reach 288.2 million euros, but the best-selling merchandise continues to be primary materials and industrial products, which increased by 23 per cent and added 552 million to the commercial coffers. Agricultural produce came second with exports of almost 459 million euros, which was 12.5 per cent up on 2009, and olive oil sold particularly well, producing 178 million euros of income.
European Union
Most exports from Malaga go to Europe (67.6 per cent last year). Italy, through its olive oil purchases, is the principle client, then France and Portugal. Despite the rise in exports, however, fewer Malaga companies recorded sales abroad last year: 2,707 compared with 2,926 in 2009. However, the number of regular exporters, those who have exported for the last four years, has remained stable, at around 543.

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