Foreign Trade

Over the last 20 years, Galician exports have grown at a steady rate with an annual accumulated average growth rate of 8.22%, 2.40 points higher than the rate for Spain as a whole. In 2017, the volume of exports from Galicia amounted to 21,676 million euros, with imports standing at 17,140 million euros.

Coverage Rate

Year Galicia Spain
1997 90.97 85.34
1998 85.24 81.27
1999 91.08 75.34
2000 93.29 73.27
2001 98.91 74.94
2002 104.29 75.71
2003 97.40 74.86
2004 95.52 70.71
2005 88.81 66.37
2006 93.43 64.88
2007 103.21 64.91
2008 101.57 66.77
2009 106.02 77.57
2010 108.85 77.81
2011 124.96 82.23
2012 111.30 87.86
2013 128.33 93.62
2014 122.99 90.75 
2015 125.25 90.91
2016 128.58 93.14
2017 126.46 91.80

 

Galicia’s contribution to Spanish exports has grown at a steady rate over the last few years, rising from 4.75% in 1990 to 7.82% in 2017, at a slightly higher rhythm than imports.
 
The Galician foreign trade coverage rate rose in 2017 by 126.46%, exceeding the total for Spain as a whole by 34.66%. 
 

 

  EXPORTS IMPORTS COVERAGE RATE
Year Galicia Spain % Galicia Spain % Galicia Spain
  s/Spain   s/Spain  
1990 1,608.63 33,841.71 4.75% 2,293.73 53,482.28 4.29% 70.13% 63.28%
1995 2,383.16 68,152.46 4.96% 3,847.75 84,782.97 4.54% 87.93% 80.38%
2000 8,298.58 124,177.34 6.68% 8,895.69 169,468.19 5.25% 93.29% 73.27%
2005 12,066.66 153,558.99 7.86% 13,586.75 231,371.57 5.87% 88.81% 66.37%
2010 14,911.91 186,780.07 7.98% 13,699.69 240,055.85 5.71% 108.85% 77.81%
2017 21,676.25  277,125.73 7.82% 17,140.82 301,870.06 5.67% 126.46% 91.80%