Spain registers historical record of exports

Spain registers a historical record of exports. Spanish companies once again make history by finding abroad the necessary source to overcome their crisis, as they did in 2008, breaking a record with exports in the order of 229,963 million euros between the months of January and September of this year.

The country exceeded by 6.7 % in volume the billings made for the same date in 2019, before starting the stoppage as a result of the Covid-19 pandemic, according to what was disseminated in the Foreign Trade Report issued by the Ministry of Industry, Commerce and Tourism.

On the other hand, imports increased by 21.9 % year-on-year, reaching 243,229.9 million euros, also a record figure in the first 10 months of the year.

The report says: “Exports rose 14.7 % year-on-year, since their prices increased 6.4 %, while imports grew 13.4 % year-on-year, due to their prices rising 7.5 %.”

The trade balance is another historical record, which stood with a deficit of 13,267.4 million euros, equivalent to 19.5 % higher than that recorded for the same period last year. The coverage rate was 94.5 %, that is, 0.1 percentage points more than that registered between January and September 2020

Energy deficit, another historical record

The energy deficit presented in the country was on the order of 96.8 % in the month of September, which represents about 1,798.2 million euros, while in September 2020 it registered about 913.7 million, showing the increase in prices of energy.

Among the sectors with the greatest weight over total exports, the following stand out: “chemical products (their exports represented 18.5 % of the total and increased by 54.9 % year-on-year), capital goods (18.1 % of the total and grew by 7.2 % year-on-year); food, beverages and tobacco (15.9 % of the total and increased by 17.7 % year-on-year) and the automobile sector (13.5 % of the total and decreased by 6.2 % year-on-year) ”.

M.Rodríguez

Source: elmundo.es