Spanish exports grow 5.5% in July; trade deficit drops 6.1%
In the seven months to July, Spain’s trade balance registered a new record high since registers began in 1971.
exports
Spain’s Trade Balance Benefits From Export Drive
Spain’s exports continue to rise and over the last five months have produced a welcome shift in the country’s trade balance.
Spain competitiveness improves in Q2
Spain’s economy has registered a gain in external competitiveness compared to the EU, the OECD and BRICS countries, based on the Consumer Prices Index (CPI).
Cheap euro boosts Spanish exports
MADRID | May 22, 2015 | By Francisco López | The Spanish economy is beating new records mainly thanks to external factors. According to the latest data, exports of goods totalled €23.2 billion in March, the best monthly figure since 1971. The euro price fall has been crucial.
German economy getting stronger
The Corner| April 9, 2015 | Strong figures from German industry will offer further encouragement to EU policymakers that the economic recovery is now on the right track. German industrial production grew by 0.2%, beating expectations of a 0.1% rise. The increase in industry excluding energy and construction was 0.5% according to latest data from the Bundesbank.
Gains in competitiveness to continue in Spanish economy
The Corner | April 2, 2015 | La Caixa Research | Competitiveness gains in the Spanish economy are set to persist as wage increases continue to lag behind other euro zone countries.
Spanish exports are on the rise; trade deficit, too
MADRID | The Corner | Spanish exports continue to grow, posting an annual rise of 2.5% in 2014, according to figures released on Wednesday, exceeding €240 billion for the first time. The country’s trade deficit currently stands at €24.5 billion, with imports rising by 8.3% year-on-year, leading to a 53.4% rise in the commercial deficit.
Spanish car industry turning a corner
MADRID | The Corner | Things are looking up for Spanish car manufacturers, and with exports expected to remain strong,2015 looks like being another good year.
Russia represents 1.1% of Spanish exports
MADRID | The Corner | The Russian market represents a low proportion of the Eurozone’s goods exports: below 3% for the major economies. In the case of Spain, the percentage is just 1.1%. According to experts at Afi, a decrease in the amount of Russian tourists arriving in Spain could have an impact on the Spanish economy. After all, its current contribution to the sector is just (2.4%), but before last summer, Russian tourism was a spur to Spanish tourism.
Eurozone absorbs 50% of the Spanish exports
MADRID | The Corner | One of the risks of the Spanish economy is the significant lost of dynamism in the Eurozone. The latest data of the balance of trade published on Monday explain such fear. Thus, the Spanish exports registered last September a year-on-year rate of 9.6% (-5.1% from the previous month).