Valenciaport is a key player in the modernisation and growth of the economy in the Valencian Region and Spain in general. Proof of this can be seen in the levels of employment and production associated with the port activities of Valencia, Sagunto and Gandía.

An Economic Impact study has been carried out for 2015, considering the Port Community of the three ports, bringing together the stevedoring companies, shipping agents, port services, freight forwarders, commercial services and official inspection bodies. This study has been prepared by the Research Group on International Economics and Development of the Department of Economics and Social Sciences of the Polytechnic University of Valencia.

This study quantifies the importance of the Valenciaport ports in terms of Gross Salaries, Gross Surplus, Value Added Tax, GAV apb and Jobs.

The employment generated by the ports of Valencia, Sagunto and Gandía amounts to 37,000 jobs, representing 2.05% of the total jobs in the Valencian Region. The monetary value of the gross salaries is € 1,194 million, representing 2.25% of the salary income of the Valencian Region.

The Gross Value Added amounts to € 2,352 million per year, representing 2.49% of the total for the Valencian Region.

The study starts with an Initial Effect that reflects the accounting information of the economic activity of each of the companies defined in the port activity. The economic effects of port activities can be divided into three types:

  • Direct economic effects, linked to sectors directly related to port activities: freight forwarders, shipping companies, stevedoring companies, mooring companies, pilotage companies, tugboat companies, customs services and customs agents and the Harbourmaster’s Office.
  • Indirect economic effects, resulting from the impact of ports on the industrial activities sector.
  • Related economic effects, derived from the capacity for consumption and investment of the companies and economic agents related to port activities.

The following tables represent the economic impact of the ports dependent on the Port Authority of Valencia in major economic areas.

Economic impact obtained by the Valenciaport activity (thousands of €)

Initial Direct Indirect Related Totals % of VR Total+ Initial % of VR
Gross Salaries 395,821 452,763 30,754 314,491 798,008 1.51% 1,193,29 2.25%
Gross Surplus 329,195 543,952 28,604 208,006 780,562 2.04% 1,109,757 2.89%
Other Taxes 47,697 -6,262 824 7,612 2,714 0.22% 49,871 5.12%
Value Added Tax -49,259 31,447 1,776 14,740 47,963 2.34% -1,296 -0.06%
GAV apb 723,454 1,021,900 61,958 544,849 1,628,707 1.73% 2,914,904 2.50%
Total Production 1,761,395 130,756 1,022,753 2,914,904 1.52% 2,914,904 1.52%
No. of Jobs* 7,667 17,731 1,033 10,546 29,310 1.62% 36,977 2.05%

The results obtained per port are as follows:

Economic impact obtained by the activity of the Port of Valencia (thousands of €):

Initial Direct Indirect Related Totals % of VR Total+Initial % of VR
Gross Salaries 371,391 426,825 28,935 296,532 752,292 1.42% 1,123,683 2.12%
Gross Surplus 292,678 513,271 26,932 196,128 736,331 1.92% 1,029,009 2.68%
Other Taxes 47,370 -6,092 766 7,177 1,851 0.19% 49,221 5.05%
Value Added Tax -43,684 29,792 1,666 13,898 45,356 2.21% 1,672 0.08%
GAV apb 667,755 963,796 58,299 513,734 1,535,829 1.63% 2,203,584 2.34%
Total Production 1,662,290 122,885 964,348 2,749,523 1.43% 2,749,523 1.43%
No. of Jobs* 7,170 16,724 973 9,944 27,641 1.53% 34,811 1.93%

Economic impact obtained by the activity of the Port of Sagunto (thousands €):

Initial Direct Indirect Related Totals % of VR Total+ Initial % of VR
Gross Salaries 21,328 24,551 1,723 17,028 43,302 0.08% 64,630 0.12%
Gross Surplus 34,141 29,142 1,585 11,262 41,989 0.11% 76,130 0.20%
Other Taxes 169 -169 55 412 298 0.03% 467 0.05%
Value Added Tax -4,878 1,574 104 798 2,476 0.12% -2,402 -0.12%
GAV apb 50,759 55,098 3,466 29.501 88,065 0.09% 138,824 0.15%
Total Production 94,020 7,452 55,376 156,848 0.08% 156,848 0.08%
No. of Jobs* 426 953 57 571 1,581 0.09% 2,007 0.11%

Economic impact obtained by the activity of the Port of Gandía (thousands €):

Initial Direct Indirectirect Related Totals % of VR Total+ Initial % of VR
Gross Salaries 3,103 1,387 96 931 2,414 0.005% 5,517 0.01%
Gross Surplus 2,377 1,539 87 616 2,242 0.006% 4,619 0.01%
Other Taxes 158 -1 3 23 25 0.003% 183 0.02%
Value Added Tax -698 81 6 44 131 0.006% -567 -0.03%
GAV apb 4,940 3,006 193 1,614 4,813 0.005% 9,753 0.01%
Total Production 5,085 419 3,029 8,533 0.004% 8,533 0.00%
No. of Jobs* 71 54 3 31 88 0.005% 159 0.01%