Record exports promoting growth – Spaincheck.com

In July 2024, Spain saw a signator Reduction of their commercial deficitThat fell by an impressive 34.4% year -on -year at 3.214 million euros.

That comes The external sector of Spain Continue to show resilience in the face of a complex international economic landscape.

According to the Ministry of Economy, Commerce and company, Exports of Spanish goods subsequent to record the maximum in July, Reaching 33.2 billion euros, 9.3% year -on -year.

Spanish exports of goods grew Faster in July than those in the euro and EU-27 area, which Remember that the year -on -year increases of 7.4% and 7.2% respectively. The main export sectors of Spain Showed robust growth, including:

• Raw materials: +27.6% year after year
• Eat, Drinks and Tobacco: +14.4%
• Durable consumer goods: +13.5%
• Energy products: +13.1%

This export growth contributed to an increase in Surplus Spain’s trace with the EUthan Increased to € 2.192 million.

Since 2017, Spain has constantly has it Kept a surplus with the European UnionEmphasizing even more A strong training relationship with the EU Member State.

Out of the EU, Spanish export Also grew strongly, Increasing 14.9% year -on -year to non -community destinations.

Countries like the United StatesIt UK and China Suppose Important marketswith Register export levels In July.

• Exports to the United Kingdom Event increased the challenges of Brexit
• Exports to the United States and China Grew 5.5% and 6.5% respectively

Spain’s energy deficit continues its download trend, Falling 17.5% year -on -year up to € 2.159.

The decrease in deficit no nerve was even more remarkable, Falling 53.8% to a little more of finishing Eur 1 Bn.

This reduction was largely promoted by strong energy exports, in particular Gas and oilthan Grew 13.1% year -on -year In July, the fourth consecutive month of two -digit growth.

• It The commercial deficit fell by 34.4%Pointing to the commercial balance of Spain.
• Subsequent exports to register 33.2 billion eurosPromoted by raw materials, food and energy products.
• It Non -nerve deficit fell 53.8% and the energy deficit in 17.5%.
• It Commercial surplus with the EU increased From 1,196 million euros in July 2023 to € 2,192 million.

This constant growth is shown The Economic Robust of Spain Position in foreign trade, reflecting their adaptability and strength in the key world markets.