The economy of Petrel is largely driven by its manufacturing sector, with a particular emphasis on the production of footwear and leather goods. The city, along with its neighbor Elda, is one of the key centers of Spain’s shoe industry, making it a prime destination for those interested in high-quality, locally made leather products. This craftsmanship is a point of pride for the region and has attracted attention from international markets.
Tourism is another growing sector in Petrel’s economy. The city’s rich cultural history, combined with its proximity to Alicante and natural parks, has made it a favorable destination for cultural and eco-tourism. Visitors are also drawn to Petrel’s traditional markets, where they can purchase artisanal goods and experience the region’s agricultural bounty firsthand.
Agriculture, particularly the cultivation of olives and grapes, still plays an important role in the local economy. The region produces excellent olive oil and wine, both of which are central to the local culinary scene and are prized exports.