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Press release 25/06/2002

 

FOREIGN TRADE STATISTICS (ECOMEX) 1st quarter 2002

A.C. OF THE BASQUE COUNTRY EXPORTS FELL 2.1% IN THE FIRST QUARTER OF 2002

IMPORTS, HOWEVER, REGISTERED 3.9% GROWTH IN THE SAME PERIOD

 

Data on A.C. of the Basque Country foreign trade, according to Eustat information corresponding to the first quarter of the present year, reflect a contradiction for exports on the same period the year before.

Total exports fell 2.1% in comparison with the figures obtained in the first quarter of 2001, when there was moderate growth of 1.6%. Imports had registered a 2.1% rise in the first three months of 2001, and grew again 3.9% in the first quarter of this year.

In addition, total State exports fell by 2.6% and imports decreased 4.5% in the first quarter of 2002.

Foreign transactions, the sum of A.C. of the Basque Country imports and exports, came to 5,187.8 million euros in the first quarter; 2,760.8 million euros that corresponded to exports and 2,427.0 million euros for imports. The total volume of transactions grew from 5,156.4 million euros to 5,187.8 million since the first quarter of 2001 to the first of 2002; i.e. 0.6% more.

The trade surplus was 333.8 million euros in this reference period, compared with 482.6 million the year before and, consequently, the coverage rate of exports over imports fell from 120.7% last year to 113.8% this year.

By geographic areas of destination, a negative evolution is seen in exports for the whole of the OECD (-1.6%), where exports to the European Union fell (-2.2%) and there was an increase in exports to the rest of the countries (1.1%) in this organisation. There was also a drop in exports to the rest of the world (-4.2%). In the European Union there was only an increase in exports to the United Kingdom (21.5%) and France (3.3%). On the other hand, imports from OECD countries (6.1%) and the European Union (5.2%) increased and there was a fall in those from the rest of the world (-1.9%).

From the sectorial point of view, there was an important fallback in the export of Mineral and energy Products (-20.5%) and Common Metals and manufactured (-12.0%). There was, however, an increase for the sector Capital goods (4.0%), both in the section Machinery and appliances (2.3%), and in Transport Material (5.6%).

Imports, in turn, increased substantially for Capital Goods (20.9%), especially Transport Material (48.7%), and fell for Common Metals and manufactured (-15.2%), Plastic and rubber (-6.1%) and Chemical Products (-4.3%).

Of the three provinces of the A.C. of the Basque Country only Bizkaia increased exports (2.7%), compared with Alava and Gipuzkoa where they fell by 6.6% and 3.4% respectively. There was a significant increase in imports to Alava (27.3%) due to the effect of Transport Material (92.7%). In Bizkaia imports increased practically to the same level as exports and in Gipuzkoa there was a 10.9% decrease.

 

 

 

For further information:

Euskal Estatistika Erakundea / Instituto Vasco de Estadística

C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz

Tel:+34-945-01 75 00 Fax:+34-945-01 75 01 E-mail: eustat@eustat.eus

Contact person: Patxi Garrido Espinosa

Tel:+34-945-01 75 07 Fax:+34-945-01 75 01

Press releases on the internet: www.eustat.eus



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A.C. OF THE BASQUE COUNTRY EXPORTS FELL 2.1% IN THE FIRST QUARTER OF 2002

Operation : 
Foreign trade statistics (ECOMEX)
Código operación : 
143101
Frequency : 
Trimestral
Timeframe : 
1º trimestre de 2002
Last updated : 
06/25/2002
Next update : 
10/22/2019
Type of operation : 
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Available formats : 
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Licence : 
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http://en.eustat.eus/elementos/not0001924_i.html
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