Despite the crisis caused by the pandemic in 2020, 80% of Valencian export companies maintained a good level of resilience. It is one of the three conclusions of the report prepared by Caixabank and Cámara Valencia presented yesterday in Valencia, which also points out that the recovery of economic activity and exports throughout 2021 was clearly reflected in the improvement of the resilience indicator. of Valencian companies, although this improvement did not allow them to reach the levels of 2019.
All in all, the report concludes that small and medium-sized companies are the ones that have shown better resilience after the pandemic, better than micro-SMEs and large companies.
The text also addresses the analysis of business resilience based on productive activities. The commercial distribution export sector is the one that registers not only the highest level of the resilience indicator, but also the one that shows the best performance in recent years, even during the pandemic.
The second sector with the highest level of resilience is the non-commercial services sector – not including logistics and transportation, which has been the most affected by the pandemic crisis – although the recovery in 2021 has been partial, without reaching the levels of 2019. .
The Valencian export industry has been characterized by having maintained a medium level of stable resilience throughout the analyzed period, which demonstrates its competitiveness and ability to adapt to changes in foreign markets. It is curious that in this report Thyssenkrupp Galmed SA, now immersed in a closure process, is cited as one of the companies cited as a reference for its rising turnover within the metal industry. According to the document, the Valencian metal products industry has experienced notable dynamism in the last five years, with the exception of 2020 due to the pandemic and the amount invoiced in 2021 by exporting companies almost doubled the figure five years earlier.
The food and beverage industry has been the one that has maintained a more stable level of resilience. Industrial companies in textiles and clothing, metal products and paper are those that have recorded the best performance.
The study was presented yesterday by the territorial director of CaixaBank in the Valencian Community and Region of Murcia, Olga García, and the president of the Valencia Chamber, José Vicente Morata, as a result of the agreement between both entities. García said that “with the work that we present today we want to continue betting on the opening of our companies to new markets, because we are convinced that companies that export are more competitive and innovative, they invest more in research and product development, in digitalization and in sustainability, values ??that make them attractive companies, while increasing the level of development of the Valencian economy.”
For his part, the president of the Chamber pointed out that “the Valencian business fabric is demonstrating, in the last two years, a capacity for resistance that demonstrates its competitiveness and strength in foreign markets.”