Spanish Trade Deficit Narrows in January over a Year Earlier


In January of 2014, Spanish trade gap decreased 19.5 percent over a year earlier to € 2.81 billion. In contrast, the trade deficit widened 54 percent over December, as imports surged, signaling a recovery in domestic demand.

Exports amounted to € 18.34 billion, increasing at a faster 3.1 percent on the year (up from a 2.9 percent rise in December), mainly due to higher sales of food, drinks and chemical products.

Shipments to the EU expanded 5.2 percent and those to the Euro Area advanced 5.6 percent year-on-year. Sales to France, the country’s top export partner, advanced 2.8 percent. Shipments to Japan surged 68.7 percent over a year earlier, China increased 27.5 percent and sales to the US advanced 8.1 percent. 

Imports fell slightly by 0.6 percent yoy to € 21.25 billion.

Compared with December of 2013, exports rose a meager 0.6 percent, while imports surged 5.5 percent. 

Spanish Trade Deficit Narrows in January over a Year Earlier


Joana Taborda | joana.taborda@tradingeconomics.com
3/14/2014 1:04:58 PM