Wednesday, 8 March 2017

Spanish Exports Reach All-Time High in 2016

Spanish Exports Reach All-Time High in 2016

Living in Spain is at an all time high and Spanish exports totalled €254.53 billion last year, which was not just a 1.7% increase on 2015, but also the best year ever for Spanish exports.
Everything in Spain is moving in the right direction.

Last year Spain was the best-performing country in the EU and Eurozone as a whole in terms of exports. This incredible performance also allowed Spain to reduce the trade deficit by 22.4%; bringing it to €18.7 billion; the second-best it’s been since 1997.

Imports were down 0.4% to €273.28 billion, suggesting that the country is shifting towards being more export-based; a model similar to the one Germany has. Germany has always been considered to be a country that knows how to handle business.

There was a rise in the balance between exports and imports, bringing the balance to 93.1% for 2016; another sign of this changing trade and a friendly reminder that there is demand for Spain and Spanish goods around the world.

Through posting this 1.7% year-on-year increase in exports, Spain was able to outperform the average of the EU (0..7%) and even outperformed Germany; which only managed to increase exports by 1.2%.

Exports were down during 2016 in several countries, including the UK, France, China, and the US.

The goods that were most commonly exported from Spain were ships, medicines, olives and olive oil, and electronic devices. Spain has become the third largest exporter of wine, fruits and vegetables in the world. Around 70% of the goods exported from Spain stay within the European Union.

The most popular imports of Spain, on the other hand, include machinery and equipment, chemicals, fuels, foods, and medical instruments.

Everything in Spain is on the up even buying property.