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Spain's trade deficit falls by 1.1 pct up to Sept.

Xinhua, November 20, 2015 Adjust font size:

Spain's trade deficit fell to 18.64 billion euros (19.94 billion U.S. dollars) in the first nine months of the year, registering a decrease of 1.1 percent year-on-year, local media reported on Friday.

Exports rose by 4.4 percent on a year-on-year basis to 186.26 billion euros, hitting a record high, while imports rose by 3.9 percent to 204.90 billion euros, indicating a recovery in Spain's domestic demand, newspaper Expansion reported.

Exports of capital goods rose by 3.5 percent in the first nine months of the year. Those of the automobile sector increased by 19.7 percent, while exports of food, drinks and tobacco rose by 9.4 percent and those of chemical products rose by 7.4 percent.

On the other hand, imports of capital goods rose by 18.7 percent and those of the automobile sector increased by 17.8 percent.

Exports shipped to European Union countries represented 64.7 percent of the total in the first nine months of the year, rising by 6.2 percent when compared with the same period of a year earlier, while exports to Eurozone countries rose by 5.4 percent, representing 50.5 percent of the total.

Meanwhile, exports to non-European countries rose by 1.4 percent and represented 35.3 percent of the total, with exports shipped to America rising by 10.6 percent, to Asia by 6.3 percent and to Oceania by 13.9 percent. Enditem