For the year 2022

DREM releases the “International Trade Statistics” publication

The Regional Directorate of Statistics of Madeira (DREM) releases today the annual publication of "International Trade Statistics," featuring the final results for the year 2022. In order to facilitate year-to-year comparisons, the tables also include results from 2020 and 2021.

In this International Trade of Goods publication, regional information on the trade of goods with the European Union and Third Countries is presented, based on data provided by enterprises headquartered in the region.

Information on both exports and imports (intra and extra-community, in both cases) is included in this publication, categorised by:

-  Products group

-  Section and chapter of the Combined Nomenclature (CN)

-  Classification by Broad Economic Categories (CGCE)

-  Classification of Products by Activities (CPA)

-   Classification of Economic Activities (CAE-Rev.3)

-   Ranking of the main countries with which the Autonomous Region of Madeira trades

-   Ranking of the main groups of traded products

Region reports a positive trade balance with foreign countries for the sixth consecutive year

According to the final data for 2022 related to International Trade of Goods, the trade balance for goods transactions recorded a surplus of approximately 15.0 million euros, which is lower than the previous year when the positive trade balance with foreign countries was 20.3 million euros.

An analysis by flow type shows that exports increased by 34.4% in 2022, totalling 359.2 million euros, an increase of 92.0 million euros compared to the previous year. The significant increase in exports to Extra-EU countries, reaching around 236.2 million euros in 2022, contributed to the overall export growth, exceeding the 166.6 million euros recorded in 2021. Trade in goods with Intra-EU countries also increased, going from 100.6 million euros in 2021 to 123.0 million euros in 2022, further contributing to export growth.

Imports reached 344.2 million euros, marking a 39.4% increase in 2022, equivalent to an increase of 97.3 million euros. This growth is primarily driven by higher imports from Intra-EU countries, which amounted to 233.8 million euros in 2022, a 68.5 million euro increase compared to the previous year. Import purchases from Extra-EU countries also grew, from 81.7 million euros in 2021 to 110.4 million euros in 2022. These results reflect an import coverage rate by exports of 104.4% (compared to 108.2% in 2021).

According to the analysis conducted by DREM, enterprises registered in the International Business Centre (IBC) of Madeira were responsible for exports totalling 283.8 million euros in 2022, exceeding the 206.4 million euros observed in the previous year. The share of exports made by these enterprises in the total was 79.0% in the year under review (compared to 77.2% in 2021).

Regarding imports by enterprises registered in the IBC of Madeira, the value of goods acquired from foreign companies in 2022 reached around 181.1 million euros, an increase from the previous year's 140.6 million euros. This growth resulted in a decrease in the proportion of imports made by enterprises registered in IBC of Madeira, accounting for 52.6% in 2022 (compared to 56.9% in 2021).

DREM publishes an update to the Time Series of International Trade Statistics (1976-2022)

With the release of the 2022 International Trade Statistics - Final Results publication, DREM has updated the time series of International Trade Statistics. While the series contains data from 1976 to 2022, it provides more detailed information from 1993 onwards. A summary table with key data from 1976 to 1992 is also included, encompassing information related to trade between Madeira and the rest of the country, namely the mainland and the Autonomous Region of the Azores.

In addition to intra and extra-community trade breakdowns, the publication provides information on:

-  Economic areas and countries

-   Group of products (GP)

-   Section and chapter of the Combined Nomenclature (CN)

-   Classification by Broad Economic Categories (CGCE)

-   Classification of Products by Activities (CPA)

-    Portuguese Classification of Economic Activities (CAE).

For further information, please refer to:

• In Focus (Portuguese only)
• Publications (Portuguese only)

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