This balance of trade Spain continues to recover after mitigating the loss of millionaires caused by the energy crisis and its exports hitting all-time highs. HE open Spanish commercial The negative difference between the import and export costs of Spanish companies decreased to 16 billion 420 million euros in the first half of the year. almost half (-48.6%) in relation to 31,963 million of the first half of last year.
The decrease in the current account deficit is a result of this. 4.7 percent increase in exports in these first six months of the year until 199.951 million, an all-time high According to the latest foreign trade report of the Ministry of Industry, Trade and Tourism, imports decreased by 2.9% until June and remained at 216 billion 371 million euros.
Exports broke a new record every 6 months registered pit in june. And Spain’s exports of goods fell 2.8% that month to 33,982.5 million, as imports fell 9.9% to 36,337.7 million. With this development, the trade balance gave a deficit of 2 billion 355 million in June, becoming half of 5,393.6 million in the same month of the previous year.
energetic fracture
Last year, the energy crisis left a billion-dollar hole in Spain’s economy amid rising oil and gas prices fueled by Russia’s military invasion of Ukraine. so far in 2023The commercial impact of energy fluctuations was significantly reduced.
HE open energetic Between January and June it amounted to 16,704 million euros, with a strong cut of 35%. black in relation to the 25,893 million already registered in the first half of 2022 (almost 9,200 million less than a year ago). Also, the rest of the sectors are posting a surplus of around 285 million euros compared to the more than 6,000 million deficits they posted last year.