Eurozone absorbs 50% of the Spanish exports

Per destination, the Eurozone has absorbed on average around 50% of the Spanish exports, versus 49% from last year and far from 57% registered in 2007.

The other 50% has diversified between Asia, Africa and Latin America. According to market watchers at Cortal Consors, the medium growth scenario for the Eurozone is 1.1%, which would lead to a growth of 4.9% in the Spanish exports. They also say that, if there is a 0.2% growth rate, Spain’s exports will grow by 3.5%.

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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