Spanish exports grow but Eurozone stronger
Spanish exports of goods grew by 3.8 per-cent in the period January-July compared with the same period of the previous year, amounting to 169.27 billion euros.
Imports increased by 6.2 per cent to 187.1 billion euros. As a result, the trade deficit for the first seven months of the year stood at 17.83 billion euros, 35.2 per cent higher than the figure recorded for the same period in 2017.
The export growth was slightly weaker than in the Eurozone as a whole and the European Union (4.9 per cent year-on-year in both cases). The highest export growth figures were posted by Germany (up 4.5 per cent), France (up 4.6 per cent), Italy (up 4.2 per cent) and the United Kingdom (up 4.7 per cent).
All sectors reported export growth, except the food, drink and tobacco sector, which accounts for 16.2 per cent of the total and fell by 0.2 per cent year-on-year. Capital goods (19.7 per cent of the total) grew by 1.6 per cent; the automotive sector (16.7 per cent of the total) grew by two per cent; and chemical products (14.3 per cent of the total) grew by 4.2 per cent.