Trade Resources Economy Brief Report of Spain's Trade in June 2016

Brief Report of Spain's Trade in June 2016

According to the statistics from Statistical Office of the European Union, Spain’s volume of goods trade was USD301.54 billion from January to June in 2016, up 0.9% year-on-year (the same below). Exports grew by 2.3% to USD145.99 billion, and imports fell by 0.4% to USD155.56 billion. The trade deficit was USD9.57 billion, down 28.8% from last year.

In June, Spain’s volume of goods trade grew by 0.5% to USD54.91 billion. Exports grew by 1.1% to USD26.28 billion and imports fell by 0.1% to USD28.63 billion. And the trade deficit fell by 11.6% to USD2.35 billion.

Since January to June, bilateral trade volume between Spain and China grew by 5.5% to USD13.69 billion. Spain’s exports to China were USD2.75 billion, up 19.6%. It accounted for 1.9% of Spain’s overall export, up 0.3%. And Spain’s imports from China reached USD10.94 billion, up 2.4%. It accounted for 7.0% of Spain’s overall imports, up 0.2% over the previous year. Spain’s trade deficit with China fell by 2.3% to USD8.19 billion.

China was the twelfth largest export market of Spain and its third largest source of imports up to June in 2016.

Source: www.made-in-china.com
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