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In 2019, the GVA of forestry decreased by 6.5% in volume and 4.2% in nominal terms. The surplus trade balance of forest products decreased from 2.6 billion € in 2019 to 2.3 billion € in 2020
Economic accounts for forestry
In 2019, the GVA of forestry decreased by 6.5% in volume and 4.2% in nominal terms. The surplus trade balance of forest products decreased from 2.6 billion € in 2019 to 2.3 billion € in 2020 - 2019
22 June 2021

Summary

In 2019, the Gross Value Added (GVA) of Forestry decreased in volume and in value (-6.5% and -4.2%, respectively) and the relative importance of forestry GVA in the national economy decreased to 0.4% (the lowest since 2009).
In nominal terms, output decreased by 3.7%, with the evolution of cork output (-17.4%) and forestry services (-4.7%) being decisive for this result. The decrease in output in volume (-5.3%) resulted from negative developments in most products, with the exception of wood for energy, which showed a significant increase (+12.6%).
In 2020, the trade balance of forest products registered a surplus of 2.3 thousand M€, lower than that observed in 2019 (2.6 thousand M€). Cork-based products were the most prominent group, with a trade surplus of 892.0 M€ in 2020. Exports of materials and industrial products of forestry origin maintained in 2020 (year marked by the COVID 19 pandemic) relative of 8.6% their relative weight in total exports of goods.


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