Exports rise in Spain but decrease in Canaries
Spanish exports of goods rose by 1.8% in 2019 on the previous year, amounting to 290.09 billion euros, according to the trade figures revealed by Customs and presented by the State Secretary for Trade, Xiana Méndez.
“In a complex environment of trade tension, these data confirm the resilience and strength of our export sector,” said Xiana Méndez. “The Spanish economy has faced the tough international si-tuation from a solid position, with growth that continues to stand above that of our main European partners and that allows the continued creation of new jobs.”
Imports rose by 1% to 322.07 billion euros. As a result, the trade deficit for the year fell by 5.5% to 31.98 billion euros. The coverage rate – exports over imports – stood at 90.1% (89.4% in 2018).
The main positive contri-butions to the year-on-year exports rate came from the food, beverage and tobacco sector (1 point), the capital goods sector (0.7 points), the chemical products sector (0.5 points) and the consumer manufactured products sec-tor (0.3 points). The main negative contributions came from the energy products sector (-0.5 points), the raw materials sector (-0.2 points), the automotive sector (-0.1 points) and the non-chemical semi-manufactured products sector (-0.1 points).
The autonomous regions posting the strongest export growth were Aragon (up 13.1%), the Principality of Asturias (up 12%) and the Provincial Region of Navarre (up 11.6%). In contrast, the largest decreases were posted by the Balearic Islands (down 8.6%), Castilla Leon (down 4.6%) and the Canary Islands (down 4.1%).