Spain Posts Trade Surplus in March

In March of 2013, Spain reported a trade surplus of € 0.64 billion from a deficit of €1.5 billion in the previous month and a deficit of €3.2 billion a year earlier. This is the first surplus since records began in 1971.

Exports rose to €20.3 billion from €18.4 billion in February of 2013. In March of 2012 exports amounted to €19.9 billion. Spanish exports to the rest of the EU dropped more than 8 percent in the first three months of the year, shipments to Asia rose 23 per cent and to the Middle East almost 60 per cent.
Imports decreased to €16.7 billion from €28.5 billion a month earlier and from €18.6 billion in the same month of the previous year.
The trade deficit for the first three months of the year narrowed 62 percent from a year earlier to 4 billion euros.

Nuno Fontes |
5/20/2013 10:12:45 AM