Aragonese exports recorded a year-on-year increase of 8.2% in November 2022, while in Spain the average increase was 23.3%, According to data released Thursday by the Ministry of Industry, Trade and Tourism. Aragon’s foreign trade data continue to show the robust evolution followed during the last months by regional foreign sales and, with one month left to end the year, the annual historical record of Aragonese export volume is beaten, surpassing the value obtained in the whole of 2021, which was also a record.
Thus, with the accumulated data for the first eleven months of 2022, Aragonese exports experienced a year-on-year increase of 14.1%, reaching 15,174.2 million euros (14,425.1 million euros in 2021 as a whole), compared to the 23.6% increase recorded up to November by the average for the country.
With regard to total Aragonese imports in November, these increased by 15.4% year-on-year, reaching a value of 1,297.2 million euros, while in the national aggregate, purchases abroad recorded an average increase of 17.9%. For its part, the figure for regional foreign purchases accumulated between January and November experienced a year-on-year increase of 20.1%, to be compared with the accumulated increase of 35.8% recorded for Spain as a whole, reaching a value of 13,467.9 million euros, which also represents an all-time annual record for the volume of regional imports.
The breakdown of foreign trade figures among the main sectors shows how the most dynamic activities in foreign sales of the Autonomous Community during November 2022 were those related to the automotive sector (with an export value of 319, 8 million euros, accounting for 22.7% of the total), food, beverages and tobacco (with an export value of 282.4 million euros, accounting for 20.0% of the total) and capital goods (with an export value of 243.5 million euros, accounting for 17.3% of the total).
With regard to Aragon’s imports, the productive sectors that show the highest figures in the same month are the following: consumer manufactures (with a value of imports of 419.1 million euros, accounting for 32.3% of the total), capital goods (with a value of imports of 381.7 million euros, accounting for 29.4% of the total), and chemical products (with a value of imports of 135.2 million euros, accounting for 10.4% of the total).
As a result of the evolution of trade flows so far in 2022 (up to November), Aragon recorded a trade surplus of 1,706.3 million euros, 18.0% lower than that obtained during the same period in 2021. In this way, the Autonomous Community contributes to the decrease in the Spanish trade deficit accumulated up to November 2022, which stands at 63,602.9 million euros.
Finally, Aragon’s coverage rate in the year-to-date is positive and rises to 112.7%, almost 28 points above the Spanish average (84.9%).
