The Canary Islands' economy was traditionally based on single-crop cultivation like sugar cane, cochineal, and bananas. As a stopping point for Spanish conquerors, trade brought great prosperity. The UK later influenced the economy through coal refuel stations and banana exports from Fyffes, and introduced utilities. Today, British firms export over £200 million worth of goods annually to the Canaries, primarily food, alcohol, and light machinery and metal goods.

1. Demian Cáceres Alge
The Canary’s Economy
Economic model, based on single-crop
cultivation (sugar cane, cochineal, banana)
The economy depended strongly on the ports
Stopping point for the Spanish conquerors: this
trade route brought great prosperity

3. UK INFLUENCED
ECONOMY
Coal refuel stations (became redundant due to
diesel appearance)
Banana crop industry (Fyffes)
Introduction of water pipes, electricity firms and
telephone exchange

5. Business & Trade (Today)
NICE TO KNOW 45.00% Food
40.00%
British firms export 35.00%
30.00% Alcohol
over £200 million 25.00%
20.00%
15.00% Light
worth of goods to Machinery &
10.00%
5.00% Metal Goods
the Canary Islands 0.00% Rest
UK EXPORT
each year.

6. 1. BRITISH PRESENCE
2. BUSINESS & TRADE