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

Brief Report of Spain's Trade in June 2016

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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.

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