It might seem a distant war... unless you're filling up at a gasolinera or paying an electricity bill, but the province is losing out on trade, too.

The fact is that all trading between Granada companies, on the one hand, and the Russian Federation and Ukraine since the invasion began in February, has dropped dramatically.

The export/import of agriculture and industrial products plummeted by 85% compared with the previous year. Fortunately, trade with these two countries does not represent the biggest trading ties with abroad.

The DataComex (exterior trading) website, which depends on the Ministerio de Industria, Comercio y Turismo, now has the complete figures for the first six months of 2022. Between the 1st of March and the end of June trading with the countries engaged in the conflict was just over a million euros or 1,094,000 euros to be exact.

The majority of that sum comes from trading with Russia as Ukraine only represents 48,550 euros of it — not even five percent. To add comparative date, during he same period of 2021 (when we were still in the throes of Covid-19) the Ukrainian share was 40.6% of the total, which stood at 3,140,000 euros — that’s a 98% difference. Russia, of course, was suffering the international embargoes placed after the annexation of the Crimea by the EU.

Imports represented the biggest drop (84.9% down) and exports suffered a little less (78% down). During March an April Granada made no exports to Ukraine

However, the bottom line is that trade between our province and Russia/Ukraine is not the mainstay of imports/exports, as it only represents barely one percent of international trade. Another point to be taken into consideration is the restoring of logistics/supply chains after the setbacks produced by the pandemic.

(News: Granada, Andalucia)