trade balance


The crisis brings Spain its first trade surplus with the euro zone

MADRID | Spain reached for the first time a surplus in its trade balance with the euro zone in 2011. Exports to the European Economic and Monetary Union grew 9.6%, almost three points more than imports. The weakness of the domestic demand explains the attainment of such a historic achievement, explained the business daily Cinco Días. Four long years of economic crisis have some positive aspects. According to data released…