Spain’s trade deficit in the first half to June 2016 dropped 31.4% to 7.878 billion euros from a year earlier, driven down by record exports, according to data published on Friday by the Economy Ministry.
Exports grew 2.3% to 128.041 billion euros year-on-year in January to June, marking a record for the series in accumulated terms for the period. It was also the best June on record, with exports up 2.1% year-on-year.
Imports declined 0.5% to 135.919 billion euros in the first half of 2016 from a year ago.
In the first quarter of 2016, Spanish exports grew 0.2% compared to those of the Eurozone and the EU, which contracted 0.5% and 0.9% respectively.