Spanish exports reach €93,430 million, historically second highest value for month of March

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Banca March: Spain’s trade deficit was reduced in March. The data published showed that in March the trade balance registered a deficit of €2,026.2 million. The non-energy component increased its surplus to €444.4 million. If we analyse the aggregate data for Q1, the trade deficit was the second smallest since Q3 2021.

Meanwhile, Spanish exports of goods reached €93,430 million (the second highest value in the historical series for this period), while imports reached €101,534.6 million (the third highest value in the entire series). With these figures, the coverage rate stood at 92% in Q1.

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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.