Extenda holds a webinar on opportunities in Southeast Asia in light of the Covid-19 situation

Knowledge that is key for the foreign sector

Asia is the second destination for Andalusian exports, with €1.813m in the first eight months of 2020 (January-August), where China concentrates 43% of the total, reaching €780m.

One in three companies that exports to Asia is regular (32% of the total), which accumulate €1.704 m exported (94,03% of the total).

Extenda-Andalusian Foreign Promotion Agency provides services through its foreign network to 22 Asian markets, which add up to 91,4% of the Andalusian exports to this continent.

This is one online briefing more, which is part of the strategy of extend to support the business fabric of the region in the face of Covid-19 crisis and represent an “adequate instrument for community firms to know what the situation is in their markets of interest and what opportunities they can find there,” he highlights. Arturo Bernal, its CEO. “This knowledge is key for the foreign sector can once again rise as an engine of recovery for the Andalusian economy, just as it did after the 2018 crisis.”

Andalusian exports to Asia have exceeded €3.000 M in the last three full years (2017, 2018 and 2019), with €3.369 M in 2019, which represents an increase of 68,7% in the last ten years. These data from the last decade reflect a growth almost 10 points higher than that experienced by sales at the national level (+59,4%).

El Andalusian foreign sector at the Asian market has slightly noticed the impact of the crisis Covid-19, so that, in the first eight months of 2020, the number of Andalusian exporting companies has decreased by -4% to 2.918. Of them, one in three (32%) are regular exporters, that is, they have been exporting for more than four consecutive years. There are 942 firms, a number that has also been seen although with a smaller impact (-1,4%), which are responsible for 94% of sales.

The evolution of Andalusian companies that export to Asia is very positive in the last decade, generally registering continuous increases over the last ten years. Thus, the number of exporting companies Asian markets In 2019 it was 3.952, a figure that represents an increase of more than double (+122%) compared to 2010, when there were 1.781 exporting companies (2.171 more signatures). The number of regular exporters was 1.018, also more than double (+137%) than in 2010 (589 more firms), which have gained 23 points of sales share in this period, going from accounting for 71% of sales. , to add 94%.

In the case of Pacific Asia, the strategies to be developed and the opportunity sectors are more adapted to each country, due to their differences in development and culture.

China: the agri-food sector stands out (olive oil, wine, meat, fruits and citrus), healthy foods and nutritional supplements, luxury products (fashion, jewelry, vehicles...), architecture and the teaching of Spanish (ELE) .

Japan: The Japanese market also demands agri-food products, such as olive oil, ham and pork; cultural industries such as flamenco; and the teaching of Spanish (ELE).

South Korea: Agri-food sectors are priority sectors for Andalusia, such as wines, olive oil and meat; and the auxiliary industry of agriculture.

India: business niches are found in the agri-food industry and its products, as well as sanitation and the development of sustainable cities (urban transportation, housing construction, waste management...)

Vietnam, Thailand, Indonesia, Malaysia and the Philippines: This block of countries counts renewable energy and the agri-food industry among its opportunity sectors. Furthermore, it is necessary to take into account the opportunities offered by the Halal market, in countries like Indonesia or Malaysia.