Spanish economy

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Trade deficit rises 30% in the first half of the year, reaching €32.781 billion

The trade deficit stood at nearly €32.781 billion in the first six months of the year, representing a 30.5% increase compared to the same period of the previous year, according to data from June’s foreign trade report published this Tuesday by the Ministry of Economy, Trade and Business. This result is the outcome of a 2% increase in exports, which reached €201.1336 billion between January and June—the second highest figure…

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Spain’s trade deficit worsens

According to the Monthly Foreign Trade Report published by the Ministry of Economy, Trade and Enterprise, Spain’s trade deficit widened to €5.172 billion in April, compared to €3.900 billion recorded in the same month of the previous year, as imports continued to outpace exports. In April, imports increased by 8.7% year-on-year to €39.600 billion, driven by an increase in purchases of energy products (32.2%), mainly originating from Kazakhstan, Nigeria, the…