Press release 25.05.12
Exports from the Basque Country were up 0.2% in the first quarter of 2012
There was a drop in imports of 15.5 % over the same period
There was a nominal rise in Exports from the Basque Country of 0.2% in the first quarter of 2012, according to EUSTAT data. They totalled 4997 million euros compared to 4985 million in the same quarter of the previous year.
Total imports to the Basque Country experienced a 15.5% nominal decrease in the first quarter of this year, and stood at 3776 million euros. If only non-energy imports are taken into account, there was less of a decrease (-6.4%) with a value of 2579 million.
The net trade balance of exports minus imports for the first quarter was positive and showed a commercial surplus of 1221 million euros, with an export coverage rate compared to imports of 132.3%. If imported and exported energy products are excluded, the non-energy trade balance registered a surplus of 2082 million euros, up 323 million on the first quarter of 2011. The non-energy coverage rate for the period in question rose from 163.9% for 2011 to 180.8% in 2012.
Exports from the Basque Country to the European Union in the first quarter of 2012 were up 7.6% on the same period of 2011. Amongst these, exports destined for France (4.3%) and Germany (3.4%) stand out due to their volume and year-on-year growth. From the rest of the countries with large export volumes, it is worth mentioning the increases experienced by the United Kingdom (25.3%), Belgium (13.7%) and Portugal (12.9%). On the other hand, the falls experienced in Italy and the Netherlands, of 7.1% and 13.5%, respectively, were also noteworthy. Outside the EU27 increases in exports to Mexico (115.6%), Venezuela (65.8%), China (17.4%) and Turkey (9.2%) were significant, as were the decreases in exports to Brazil (-72.2%) and the United States (-39.5%).
The destination of the exports of the Basque Country was on the whole to mainland Europe, which absorbed 72% of the total exported, with the EU-27 countries accounting for 92% of this European trade. The Americas, which received 15% of our exports, lagged far behind, followed by Asia with 9% and, finally, Africa with 4%. Oceania barely accounted for 1% of our exports.
Imports originating from the European Union fell by 13.1%, with those from the Netherlands (-44.3%), Belgium (-30%), France (-4.2%) and Italy (-3%) standing out for their volume and decreases registered, whilst purchases from Portugal remained at the same level (1.3%) and those originating from Germany increased (9%). As regards the rest of the world, the highest growth was recorded in imports from India (436.2%), Mexico (355.9%) and the United States (141%). Imports were down from Russia (-67.2%) and Iran (-68.5%), with both being mainly energy- related.
Most imports again originated from Europe (60% of the total), followed by America (20%), Asia (17%) and Africa (3%). Imports originating from Oceania were insignificant.
By customs duty groups, and in relation to exports, special mention should be made of growth in Electrical Material (19.2%) and Plastics & Rubber (78.3%), which were the most dynamic amongst the largest groups. There were decreases in the other largest sections: Mineral Products (-28.9%), Transport Material (-7.7%) and Metals & Manufactured (-7.4%).
Analysing imports, there was growth for Plastics & Rubber (17.3%), Chemical Products (11.2%), Transport Material (10%) and Electrical Material (6.3%), whilst decreases were registered in Mineral Products (-30.2%) and Metals & Manufactured (-22.9%).
There was growth in exports from Álava of 3.6% in the first quarter of 2012, underpinned by rises from Electrical Equipment (38.4%) and Plastics & Rubber (4.6%); on the other hand, the two most important sectors in Álava, Transport Material and Metals & Manufactured were down 3.5% and 2.1%, respectively. In terms of imports to Alava, which registered an increase of 12.7%, it is worth mentioning the notable growth in the customs duty groups of Electrical Equipment (77.6%) and Transport Material (60.8%); however, there were decreases in Metals & Manufactured (-11.3%) and Plastics & Rubber (-10.2%).
Exports from Bizkaia were down by 12.9% compared to the same period of the previous year. This decrease was due mainly to the poor performance of sales in Transport Material (-52.4%), Mineral Products (-29.3%), Metals & Manufactured (-15.3%) and Electrical Equipment (-2.3%), groups that, as a collective, made up 73% of exports from this province; on the other hand, the only large customs duty group that did not see a decrease was Plastics & Rubber, which experienced growth of 303.3%. Imports to this province registered a greater decrease than exports, dropping by 20.8%. This decrease, the largest in the autonomous community overall, was caused mainly by the fall in sales of Mineral Products (-29.1%) and of Metals & Manufactured (-27.9%), drops that were not compensated by the increases posted in two other significant groups, Plastics & Rubber (41.6%) and Chemical Products (24.9%). Of the 21 customs duty groups only 6 in exports and 5 in imports did not experience decreases in the first quarter of 2012.
The best performance as regards exports was in Gipuzkoa, where there was a recorded rise of 15.5%. Exports of Transport Material (38.5%) together with those of Electrical Equipment (29.3%) contributed most towards export growth, whereas there was practically no variation in Metals & Manufactured (-0.5%) compared to the first quarter of 2011. Imports for this province were down 16.8%, with Metals & Manufactured (-21.9%), Electrical Equipment (-14.8%), Paper & Manufactured (-16.4%) and Transport Material (-12.3%) being the customs duty groups that were most responsible for this drop. Of the 21 customs duty groups only 8 in exports and 5 in imports did not experience decreases in the first quarter of 2012.
For further information:
Basque Statistics Office
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
Tel: +34-945-01 75 00 Fax:+34-945-01 75 01 E-mail: email@example.com
Contact: Patxi Garrido
Tel+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