The Trade Deficit Skyrockets to 45 Billion at the Close of August, 67% because of the Imbalance with China
8 Articles
8 Articles
In the first eight months of the year purchases from Beijing have risen to 35.9 billion euros. More information: China cools its relationship with Spain: the trade deficit rises by 947 million and Beijing’s investment stagnates
The balance of payments continues to be negative despite the fact that Spanish exports of goods have reached a historical peak, having risen by 3.2% and totaling 264.182 million euros, Exports to the European Union represent 62.3% of the total
The government of Spain has become one of the biggest defenders of China before the European Union. However, that impulse has not served to close the trade gap with the Asian giant. Spain’s trade deficit until August increased to 45,812 million euros, which represents an increase of ... Continue reading "The trade deficit is triggered by 30% and China already represents two thirds of Spain’s gap"
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Spain’s trade deficit up to August has grown by 30%, to 45,818.2 million euros. Thus, it can be seen from the data collected in the foreign trade report of August, published on Tuesday by the Ministry of Economy, Commerce and Enterprise. Last year’s data reflects a negative balance for Spain of 35,105.6 million euros, so the country’s trade deficit has increased by about 10.7 billion euros in the last twelve months.
Between January and August there has been a worsening of both energy and non-energy deficits (which skyrocketed by 71.5%)
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