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In 2020, the GVA of forestry decreased by 6.5% in volume and 8.5% in value
Economic accounts for forestry
In 2020, the GVA of forestry decreased by 6.5% in volume and 8.5% in value - 2020
21 June 2022

Summary

In 2020, the Gross Value Added (GVA) of forestry decreased in volume and value (-6.5% and -8.5%, respectively), maintaining the downward trend recorded since 2015. 

Production decreased in nominal and real terms (5.8% and 7.2%, respectively), as a result of the reduction in all forestry products, with the exception of fuel wood.

The trade balance of forestry products reached a maximum in 2021, increasing from 2.4 billion euros in 2020 to 2.7 billion euros. Cork-based products continued to show the largest trade surplus (997.2 M€), having reached the highest value of the last five years (101.9 M€ more than in 2020). 

The relative weight of exports of materials and industrial forestry products in total exports increased from 8.6% in 2020 to 8.8% in 2021.


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