Spanish Trade Deficit Widens in November


In November of 2013, Spanish trade deficit increased to € -1.76 billion, from € -1.36 billion last month and € -1.4 billion a year earlier, as exports shrank, after rising in the previous four months. Yet, considering the first eleven months of the year, the trade deficit narrowed to € -14 billion.

Exports fell 2.2 percent on the year to € 19.32 billion. When adjusted for calendar effects, sales rose 1.1 percent.  Compared with the previous month, shipments declined 9.9 percent. 

In the first eleven months of 2013, exports rose 5.4 percent year-on-year, slowing from 6 percent recorded in the first ten months. 

In November of 2013, imports shrank 7.6 percent over October and 3.7 percent over the same month last year to € 21 billion. From January to November of 2013, purchases fell 1.4 percent.

Spanish Trade Deficit Widens in November


Joana Taborda | joana.taborda@tradingeconomics.com
1/23/2014 10:58:38 AM