Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Spain trade deficit rises 45.6 pct to March y/y

Source: Reuters - Tue 23rd May 2017
Spain trade deficit rises 45.6 pct to March y/y

Spain's trade deficit rose 45.6% in Q1 from a year earlier as imports rose 16.5%, outpacing exports, up 14.1% from a year earlier, mostly due to rising energy costs, the economy ministry said on Tuesday.

Imports were worth EU76.94 Bln while exports were worth EU69.74 EU - a quarterly record - in the months January to March, the ministry said.

Oil prices have risen more than 33% from the end of Q1 2016 to the end of March this year, weighing on the Spanish trade deficit as the country imports nearly all its energy needs.

Imports have also risen due to the consolidation of the economic recovery, the ministry said.

In March, the deficit was up 83.3% from a year earlier as imports rose 19.1% to EU27.68 Bln and exports were up 16.9% to EU26.23 Bln, the highest monthly figure to date.

Recommended Reading :

* Leading Spanish companies will have to pay back EU 1Bln in tax breaks

* Spain's finance ministry forecasts record tax collection in 2017

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Blogs

When shopping for bodyjewelrytips, never buy anything that has nickel. The best type of material is the steel, titanium, wood, anodized gold or gold. Most nickel products will rust and may infect your ear. If you have pierced the naval or eye, you do not need to worry, as that is the most versatile part of the body. You can wear rings, straight, curved or fancy and captive beads. There are many leading body piercing jewelry that offer some of the biggest collection at very affordable price. In regard to shopping, always go to a wholesale shape as that is the sure place of getting any type of body piercing jewelry. The only thing that you need to be careful about is the material used to make the jewelry. There are instances when body piercing might go wrong and the result is an infection. In order to avoid this, make sure that the person doing the piercing is qualified to do so. After piercing is done Bodys piercing trends, you should keep the area sterilized and clean. Use warm water to wipe dirt. Never use spirits as they will corrode the area resulting to a wound which might cause an infection.