Foreign trade report

Exports rise by 1.7% in first half of year

2019.8.21

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Imports rose by 1.6% to 162.12 billion euros, also a record figure, according to the trade figures declared by Customs, attached to the Ministry of the Treasury.

Among the main export sectors to grow were capital goods (up 6.7%), food, drinks and tobacco (up 3.5%) and chemical products (up 3.2%), while the automotive sector saw a decline of 5.7%.

In terms of imports, there was growth in the capital goods sector (up 4.5% year-on-year), energy products (up 0.6%) and chemical goods (up 6.7%), while imports from the automotive sector posted a decline of 2.5%.

Exports to the European Union (66.4% of the total) increased by 1.5% in the first six months of the year. Sales to the Eurozone (51.9% of the total) grew by 1.1% and those to the rest of the European Union (14.4% of the total) increased by 2.6%.

For their part, exports to third countries (33.6% of the total) increased by 2.2% in the period, with higher exports to North America (up 10.6%), Asia, excluding the Middle East (up 8.9%), Africa (up 5%) and Oceania (up 2.9%). In contrast, exports fell to the Middle East (down 13.4%) and to Latin America (down 2%).

Figures for June

Spanish exports of goods in June grew by 0.9% on the same month of 2018. This growth of Spanish exports is in contrast to the declines posted from the Eurozone (down 5.6%) and from the European Union (down 5.7%).

In June 2019, exports to the European Union rose by 1.7%. Of the main trading partners, there were noteworthy increases in exports to Portugal (up 7.1%), Germany (up 3.9%) and Italy (up 1.4%), while declines were posted to the United Kingdom (down 3.2%) and France (down 1.7%). Exports to third countries (non-EU) fell by 0.7% year-on-year.

Non official translation

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