Spain’s Trade Deficit at $6b
Spain’s Trade Deficit at $6b

Spain’s Trade Deficit at $6b

Spain’s Trade Deficit at $6b

Spain’s trade deficit stood at €5.74 billion ($6.14 billion) up to February this year, rising by 38.4% when compared with the same period last year, the Spanish Ministry of Economy reported. Exports rose by 12.6% year-on-year to €43.51 billion, while imports increased by 15.1% to €49.26 billion, the ministry said, according to Xinhua. Exports rose in Spain more than the eurozone average, which stood at 8%, and the European Union’s average, which stood at 7.9%. Regarding sectors, exports of capital goods rose by 7.5%, those of food, drinks and tobacco rose by 13.3%, and exports related to the automobile industry rose by 7.2%. On the other hand, imports of capital goods rose by 13.9% up to February, those of energy products increased by 81.5%, while those of the automobile sector went up by 2.7%. The government’s economic growth forecast will be revised up from 2.5% to 2.7% of gross domestic product growth at a cabinet meeting next week.


Short URL : https://goo.gl/B0o6J6
  1. https://goo.gl/k7iETQ
  • https://goo.gl/lRrwtt
  • https://goo.gl/XvyFVP
  • https://goo.gl/QfvmzO
  • https://goo.gl/vQFnMP

You can also read ...

Outlook for Global Economy, Equity Markets Brighter
Ebrahim Rahbari remains positive on the global economy and...
Brazil August Growth Lowest in Five months
Economic activity in Brazil contracted in August at the...
OECD: Youth Likely to Face Higher Inequality in Old Age
Younger generations have been experiencing more unstable labor...
Singapore Exports See Surprise Drop
Exports from Singapore last month stumbled after four months...
Low ECB Rates an Opportunity to Reform
Easy monetary policy gives eurozone governments a window of...
UN Expert Says: IMF, WB Looking More Like Failed Institutions
The lending policies of the International Monetary Fund are...
S. Korea Money Supply Up 9.1%
The money supply in South Korea jumped 9.1% in August from a...
Czech Economy Needs Higher Rates
The Czech koruna’s slow appreciation is paving the way for...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.