Spanish Trade Deficit Widens in May



The Spanish trade deficit increased 50.3 percent to EUR 2.15 billion in May of 2018 from EUR 1.43 billion in the same month a year ealier, as exports dropped 0.2 percent while imports rose 2.5 percent.

Exports fell 0.2 percent year-on-year to EUR 25.31 billion in May from EUR 25.36 billion a year earlier. The main contributors to the decrease in exports were: capital goods (-1.6 points); automobile sector (-0.3 points) and manufactured goods (-0.3 points).

Exports to the EU went up 0.2 percent, as an increase of 1.2 percent to the euro zone while the sales to the rest of Europe edged down by 3.3 percent. Among major trading partners exports declined for the UK (-12.2 percent), Germany (-5.9 percent) and France ( -1.5 percent)  

Imports advanced 2.5 percent year-on-year to EUR 27.46 billion in May from EUR billion in the same month a year ago.

Considering the first five months of the year, the trade gap widened 23.5 percent to EUR 12.14 billion, as exports rose 2.8 percent to EUR 120.19 billion and imports advanced 4.4 percent to EUR 132.33 billion.

Spanish Trade Deficit Widens in May


Mineco | Stefanie Moya | stefanie.moya@tradingeconomics.com
7/20/2018 9:14:32 AM