Spanish Trade Deficit Narrows in August


In August, Spain’s trade deficit decreased 42.5 percent to € 1809 million, from € 3145 million a year earlier. This improvement is mainly explained by the significant growth of exports.

In August, exports increased 3.8 percent on an annual basis, and totaled € 17215 million, up from € 16587 million in the same month last year. The increase was mainly driven by the rising sales to European Union (+11.8 percent), in particular growth was significant in exports to France (up by 28.3 percent). Sales to third countries fell by 7 percent. Sales of capital goods grew 17.3 percent, while chemicals and food went up by 2.6 percent and 2 percent respectively. Imports amounted to € 19024 million, up from € 19732 million a year earlier.

The balance excluding energy registered a surplus of € 1830 million, and the energy deficit decreased by 17.6 percent to € 3639 million. 

Spanish Trade Deficit Narrows in August


Krisztina Györffy | krisztina@tradingeconomics.com
10/23/2013 11:26:17 AM