The exports of the companies of Cordova have registered a drop of 3.1% until last November compared to the same period in 2022, adding operations for a value of 2,699 million euros. The data, although not positive, is better than what existed until October, since then the drop was 5%. The 2022 financial year ended with a record result of 2,978 million, so, taking into account the accumulated fall until the tenth month of the year, 2023 could end with a result lower than the good balance of 2022.

The information released this Thursday by ICEX Spain Export and Investment reflects that trade with other countries has been reduced, practically, in all the sectors that are in the main export positions in Córdoba. For example, the casting products copper recorded a small decrease, of 1.1%, and a result of 750 million euros until November, while the most notable decrease occurred for another month in olive oil, where exports has dropped 12% annually, registering sales worth 620 million in the first eleven months of 2023. Although the data is negative, the balance until October was worse, since the export drop in the olive oil sector was then 18%

Moving on to other sections, the activity has fallen by 6.8% in canned vegetables (a figure higher than what there was until October, which was 5%)with sales of 120 million euros.

Fourth place in terms of the amount of exports made is occupied by electric materialwith results of 116 million euros and a increase of 5.4% (four tenths more than the previous month). In the jeweler’sforeign sales have decreased by 5.34% annual (when in October the decrease was 4.5%) and the results were 66 million.

Graph of Córdoba exports as of January 2024

(Click here if you want to enlarge the graph)

Main markets

Regarding the main markets that demand Cordoban products, the ICEX balance shows that Italy, which has paid 522 million euros until November for articles from Córdoba, is the nation that accounts for the largest volume of exports. In this case, the value of the sale has risen 7.1% annually, five points more than until October. However, it has fallen by 2.2% in Portugal, which, despite this, continues in second position with 497 million. And in third place is France, with 321 million spent on Córdoba exports and a drop four tenths above what it was in October, remaining at -13.4%.

On the other hand, with regard to the imports, until November activity had reduced by 11.45% compared to 2022 (compared to 15% of the balance until October) and the operations were worth 1,556 million euros. Only the import of agri-food products has recorded a positive result, which has increased by 27.6% (a figure similar to what there was until October) so that Córdoba firms obtained 284 million.

On the opposite side, the purchase of beverages from other countries has fallen by 45.1% annually and a disbursement of 915 million euros. The acquisition of industrial products and technology, which is the most notable chapter, has decreased by 18.1% to 1,150 million, and that of consumer goods has decreased by 5.5%, with a value of 120 million.

Córdoba, the sixth most exporting province in Andalusia

Until November, Córdoba was the sixth most exporting province in Andalusia, with Cádiz being the first and Málaga being the one that has grown the most. Andalusian exports grew by 3.9% last November compared to the result of the same month in 2022, to reach 3,492 million euros. A figure that means returning to the path of growth after nine consecutive months of interannual decline, registering the highest increase of the five most exporting communities and compared to the 6.7% drop reflected in national exports in said month (34,878 million euros ).

With the November data, Andalusia adds exports of 35,239 million euros in the accumulated of the first eleven months of 2023, which represents the second best historical record for this period since comparable data was available (1995), despite registering a reduction 10.1% year-on-year, as reported by the Board in a press release.

The evolution of exports in 2023 continues to be greatly affected by the international context, marked by conflicts in Ukraine and the Middle East, with the decline until November in energy products and industrial raw materials, as well as by an agri-food sector weighed down by the drought in the countryside, the Andalusian Government reported this Thursday.

According to the latest data made public by Andalucía Trade-Business Agency for Economic Transformation and Development, imports by Andalusia also fell during the first 11 months of the year by 12.7%, to 37,775 million, and in the month of November, 8.2%, up to 3,767 million euros.

The main protagonist of the good performance of the month of November is the Andalusian aeronautical industry, which is the protagonist of the largest export chapter of the month, with 510 million euros, and the greatest growth, 165.9% over the same month of the previous year, which which allows it to reach 1,908 million in the accumulated of the 11 months recorded in 2023, with an increase in sales of 13.3% over the same period in 2022, which places the industry in foreign business volumes higher than the year before the pandemic, 2019.

Andalusia’s first three markets in November were European, where it registered significant progress. Germany leads sales, with an increase of 29.9% to 593 million euros, 17% of the total; followed by France, with 445 million, 12.7%, which grew by 59.9%; while Portugal is third, with 316 million euros, 9%, which registers an increase of 12.4%. Added to them is the United Kingdom, in sixth position, which adds an increase of 12.4% to 182 million euros (5.2%).

Three provinces are mainly responsible for these increases, led by Seville, which leads Andalusian exports with 30.6% of the total, reaching the record figure of 1,068 million euros, thanks to a growth of 51.6% over the month of November 2022, and the largest surplus, of 362 million. Also noteworthy is the rise of Córdoba, which rose 15.7% to 273 million euros, with a 127 million surplus, the second highest; while Jaén also records the best November in its history, with 117 million euros, an increase of 8.7% and a surplus of 9.2 million.