Spain Trade Deficit

The Spanish Export Sector’s Deterioration Due To The Health Crisis Is In Line With The Eurozone: A Fall Of Around 3%

Bankia Estudios | As expected, the improvement in the external sector observed in the first two months of the year did not continue in March. The Covid-19 crisis hit both exports and imports hard, with setbacks of more than 14% year-on-year: only trade in chemical products, mainly medicines, and food was exempt from the contraction. The Q1’20 accumulated drop in Spanish exports (3%) is similar to the one noted in the EMU (3.2%) and Germany (3.3%), but much lower than that in France (8.6%). 

 





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Spain Trade Deficit Pushed Down by 67% in July By Record Exports

MADRID | The Corner Team | Exports are pumping fresh air into the Spanish economy. The recession-hit country’s trade deficit plunged by a further 53.5 per cent in July, officials said on Friday. The government is banking on foreign trade to be an engine of the recovery.