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Spain's Trade Shortfall Narrows Sharply In July


Spain's merchandise trade deficit declined significantly in July, supported by strong growth in exports, data released by the Commerce Ministry showed Friday.



Net trade for the month resulted in a deficit of EUR786.7 million, which was lower by 53.5 percent than in the same month of 2012.



Export of goods increased 1.3 percent annually to EUR19.86 billion during the month, and reached the highest level since records began. Shipments to the non-Eurozone destinations advanced 8.2 percent, while dispatches to the Eurozone decreased by 4.7 percent.



Meanwhile, the value of imports decreased by 3 percent year-on-year to EUR20.65 billion in July, the agency said.



During the first seven months of 2013, exports climbed 7 percent from the same period of last year, while imports dropped 3.1 percent. The outcome was an year-on-year fall in trade deficit by 67.5 percent to EUR6.61 billion.





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2013-9-20 17:42