Spain’s trade deficit in May was 2.110 Bn€, an increase of 2% yoy

world trade

According to data from the Ministry of Industry, Trade and Tourism, Spain´s trade deficit in May 2019 rose to 13.179 Bn€, an increase of 8.6% yoy. In this period, the coverage rate (exports compared to imports) was 90.3%, compared to 90.8% in May 2018.

Link´s analysts highlight that in the period analysed the export of goods increases 1.9% to 122.4696 Bn€, while imports reached a value of 135.6486 Bn€, an increase of 2.5% yoy.

“The non-energy balance shows a deficit of 2.9732 Bn€, compared to the 1.6892 Bn€ in May 2018, while the energy deficit has reduced by 2.3% yoy to 10.2059 Bn€. In May itself the export of goods increased 5.5% yoy, to 26.691 Bn€, while imports increased 4.9% to 28.802 Bn€, which represents a 2% increase yoy. In May the coverage rate was 92.7% compared to 92.2% in May 2018.”

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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.