Press release dated 3/12/2010
Exports from the Basque Country were up 21.7% in the third quarter of 2010
Imports were up by 22.7% over the same period.
Exports from the Basque Country reported a nominal rise of 21.7% in the third quarter of 2010, according to EUSTAT data. They totalled 4,195 million euros compared to 3,446 million last year. This increase in exports in the third quarter places the accumulated rate for the first nine months of 2010 at 21.2%.
Total imports to the Basque Country were up by 22.7% in the third quarter of the current year and totalled 3,721 million euros. If only non-energy imports are considered, they grew more strongly (24.8%) between July and September. The accumulated total for imports over these nine months accounted for 24.2% growth in relation to the same period of the last year and 25.5% for non-energy ones.
The trade balance for the third quarter showed a surplus of 473 million euros and the coverage rate of total exports in relation to imports rose to 112.7%. However, if imported and exported energy products are excluded, the non-energy trade balance registered a surplus of 1,332 million euros, 105 million higher than in the third quarter of 2009. The coverage of non-energy exports in relation to imports of the same type rose from 164.0% in the third quarter of 2009 to 155.7% this year.
Exports from the Basque Country in the third quarter of 2010 to the European Union were up 20.3% on the same period of 2009. Exports to France (24.4%), Germany (17.3%), the United Kingdom (65.8%), Italy (17.0%) and the Netherlands (43.6%) were the highest in terms of volume and year-on-year growth. Exports to the USA (43.4%) and China (175.4%) grew significantly.
Imports to the Basque Country from the European Union were up by 11.8% and special mention should be made of the increase in the imports from the United Kingdom (67.6%) and France (19.1%), while purchases from Italy fell (-10.2%). In terms of the rest of the world, special mention should be made of the increase in imports from Norway (88.4%), Iran (72.9%) and China (62.0%).
Turning to customs duty sections, special mention should be made of Metals and Manufactured, which was the most dynamic with growth of 40.2% and accounted for 27% of exports during the quarter. Other sections that posted significant growth were: Mineral Products (55.5%) and Chemical Products (50.3%). Performance was more moderate by the other two sections with the largest volumes, Electrical Equipment and Transport Equipment, with growth of 9.4% and 8.9%, respectively. With regard to imports, special mention should be made of the growth by Metal and Manufactured, up 47.7%, Paper and Manufactured (51.5%) and Plastic and Rubber (28.0%). Mineral Products, which accounted for 36% of exports during the quarter, were up by 19.2%.
Exports grew at the greatest rate in Bizkaia. They grew at 31.0% in the third quarter and by 35.5% for the first nine months of 2010 as a whole. The most active customs duty sections in the third quarter were: Mineral Products (56.5%), Metals and Manufactured (44.4%) and Transport Material (23.6%). On the other hand, Plastic and Rubber fell by 10.8%. Imports to Bizkaia grew by 26.0% and particularly noteworthy was the growth posted by Metals and Manufactured (68.9%) and Mineral Products (20.6%).
Exports from Álava in July, August and September grew by 23.8% with respect to the same months of 2010, which was higher than the balance for the first nine months of 2010 (19.5%). This increase in exports from Álava was partly due to the good sales figures posted by Transport Material (45.2%), which accounted for 40% of exports from this province. Special mention should also be made of the sales of Metals and Manufactured (19.8%) and Plastic and Rubber (22.6%). Electrical Equipment posted negative sales figures (-5.7%). Quarterly imports in this province rose by 17.3%, which was mainly due to the increase in imports of Metal and Manufactured (46.9%).
Exports from Guipozka were up by 10.2% in the third quarter of the year, which meant that the growth rate for the first nine months of 2010 overall was 6.7%, which was the lowest of the three provinces. Exports of Metals and Manufactured (50.0%) and Electrical Equipment (13.1%) contributed most greatly to the growth in exports for the quarter. However, that growth was heavily hit by the drop in exports of Transport Material (-27.5%). Imports to Gipuzkoa grew by 16.6% in the third quarter of 2010, with the sections of Metal and Manufactured (20.0%) and Electrical Equipment (16.6%), along with Paper and Manufactured (59.4%) making the greatest contribution to that result.
For further information:
Basque Statistics Office
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
Tlf:+34-945-01 75 00 Fax:+34-945-01 75 01 E-mail: firstname.lastname@example.org
Contact: Patxi Garrido
Tlf:+34-945-01 75 13 Fax:+34-945-01 75 01
Further press releases on Foreign Trade Statistics of the Basque Country
Database on Foreign Trade Statistics of the Basque Country