Imports in the Canary Islands during the first two months of 2025 reached a provisional value of 3,741.46 million euros, which represents a 2.8% increase compared to the same period of the previous year, according to data from the Canarian Institute of Statistics (ISTAC).
For their part, exports added 668.02 million euros, with an increase of 5.6% compared to January and February 2024. Despite this improvement, the trade deficit was located in 3,073.44 million euros, and the coverage rate —ratio between exports and imports—barely reached the 17.9%, which reflects a strong external dependence.
Among the most imported products in February, the machinery and transportation equipment (22.4%), the oil and its derivatives (20.5%) and food products (18.5%). He 83.2% of the imports came from the rest of Spain, the 10.7% from the rest of the European Union (EU-27_2020) and in total, the 94.9% They came from Europe. Just one 2.8% They came from Asia.
Regarding exports, the main products sent abroad were machinery and transport equipment (28.2%), the oil and its derivatives (28.1%) and food (9.5%). He 26.4% of sales were directed to the rest of Spain, the 32.2% to the EU-27 and in total, the 63.7% They were destined for European countries. America represented the 6.8% of export destinations.
These data reflect a slight improvement in the foreign commercial activity of the archipelago, although they also show the need to strengthen the Canarian trade balance to reduce its dependence on foreign countries.
Fountain: ISTAC, Grafcan.
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