Export activities of euro area SMEs: insights from the Survey on the Access to Finance of Enterprises (SAFE)

Katarzyna Bańkowska, Annalisa Ferrando and Juan Angel García

Economic Bulletin Boxes, 2019, vol. 8

Abstract: This box reports the responses to an ad hoc question in the latest Survey on the Access to Finance of Enterprises (SAFE) regarding the export activities of euro area small and medium-sized enterprises (SMEs). In general, just over a third of euro area SMEs exported goods or services outside their domestic market. About half of those exported outside Europe, of which 60% to North America and 40% to China. Comparing sectors, export activities seem to be quite strong among SMEs in the industrial sector, followed by trade and services, but more limited in construction. Exporters, particularly those exporting outside Europe, tend to have a strong equity base and use trade credit. They also make more use of subsidised loans and tend to be more innovative. JEL Classification: E24

Keywords: economic sectors; exports; SMEs (search for similar items in EconPapers)
Date: 2019-12
Note: 235236
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