Thursday, September 29

Catalan exports will grow 18% this year

The sales of Catalan companies abroad They will grow by 18% this year to exceed 78,000 million euros and will regain their pre-pandemic levels. The exports will exceed by 6% those registered in 2019, according to the forecasts of Acció, the commercial promotion office of the Generalitat. The agency for the competitiveness of the Department of Business and Work has revised up the previous forecast, which estimated the increase for this year at 13%. The Catalan exports they will reach the highest level in the entire historical series, which begins in 1993. The final official closing data for 2021 will be made public in mid-February next year.

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If this data is confirmed, the Catalan exports will increase more strongly than the world average, which according to the World Trade Organization (WTO) and the International Monetary Fund (IMF) will be 10% in 2021. For the ‘Minister’ of Business, Roger Torrent, “the Catalan economy is fully inserted in the global value chain and therefore more exposed to changes “. “Although it is true that it is more affected when world trade slows down, it also has a better capacity to recover faster when it accelerates, as reflected in these forecasts”, the minister stressed. In any case, both in the Government and in most of the companies the awareness that foreign markets are essential to consolidate economic growth, both through sales to foreign clients and through implantation abroad, is evident.

After nine consecutive years with record export figures, last year Catalonia’s sales abroad slowed down for the first time since the last financial crisis due to the effects of the covid-19 pandemic. Exports stood at 66,265 million euros, a decrease of 10.3% compared to 2019.

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