|Sunday, May 20, 2018
You are here: Home » News » Canary Islands News » Canaries flying high as exports to Africa flourish
  • Follow Us!

Canaries flying high as exports to Africa flourish 

PAGE 14 CANANRIES

Businesses in the Canary Islands are being encouraged to export to Africa after sales showed a major boost for the first time in two years.

The Canary Government says it is delighted with a huge 23 per cent increase during 2014, reaching 110 million euros compared to 89 million in 2013.

The increase represents the revival of sales in Africa after two consecutive years of decline, according to provisional data provided by the public company Proexca.

Minister of Economy, Finance and Security, Javier Gonzalez Ortiz, said the results were very positive and served as encouragement to small and medium-sized businesses in the Canaries to open up new avenues with African markets.

The report shows Mauritania is the main target, accounting for 24 million euros and an increase of six per cent. Next is Cape Verde with a rise of 19 per cent and a volume of 14.7 million euros, then Liberia with 13.5 million, the Ivory Coast doubled to 9.3 million euros and then Equatorial Guinea.

The best performing sector is fish and shellfish which, along with glass and glassware, experienced signi-ficant growth, going from 3.6 million to 13.5 million and 4.9 to 12.4 million, respectively.

The sectors of machinery, boats and vehicles accounted for  37 million euros last year. The paper and paperboard industries managed to sell seven million and plastics accounted for four million euros.

Taking into account the Canary exports by continent, Africa was the second most lucrative destination. The main market was again Europe with 287 million euros.

The main European markets were the Netherlands, UK and Germany with vegetables and other machinery as the most exported products.

The Americas are also hugely important, with Panama, the United States, Cuba and Brazil being the main destinations for ship-ments of paper, cardboard and machinery.