Spain’s Trade Deficit Narrows in September
In September, Spanish trade deficit decreased to € 2590 million, from € 3085 million a year ago. The improvement is mainly due to higher sales to Germany.
11/20/2013 11:26:21 AM
In September, exports increased 8.25 percent on an annual basis, and totaled € 19340 million, up from € 17865 million a year earlier. In the period of January-September, exports rose 6.8 percent, from 4 percent in the same period last year. Shipments to Germany were up by 3.6 percent, followed by Italy (+2 percent) and the UK (+1.8 percent). In contrast, sales to France decreased 1.5 percent.
Imports increased 4.7 percent and amounted to € 21930 million, up from € 20950 in September of 2012, due to higher purchases of capital goods. In January-September of 2013 imports reported a 2.3 percent decline.