Press Release 28/08/2013
Exports from the Basque Country grew by 9.3% in the second quarter of 2013
Imports increased by a nominal 2.7% over the same period
Exports of the Basque Country stood at 5,609 million euros in the second quarter of 2013, according to EUSTAT data. This figure is a 9.3% increase on exports recorded for the same period of 2012.
Imports, for their part, experienced an increase of 2.7% in relation to the same period of 2012, posting a value in euros of 3,854 million. However, if only non-energy products are considered, there was a drop of 3.3%.
From these data it can be gathered that in this period the trade balance was positive to the extent of 1,755 million euros, giving in turn a coverage rate of exports over imports of 145.5%. If energy products are excluded, the non-energy trade balance registered a surplus of 2,525 million, 317 million more than that registered in the second quarter of 2012. The non-energy coverage rate went from 184% to 199.3%.
Exports destined for the European Union were up by 3.9% with regards to the same period of 2012. Amongst these, increases in those destined for Holland (20.2%), France (14.8%), Italy (5.7%) and Portugal (4.7%) were particularly noteworthy. Exports to Belgium (-20%) and the United Kingdom (-5.3%) were down and those destined for Germany remained unchanged. Outside of the EU27, it is worth pointing out increases in exports to the United States (30.3%), Brazil (11.3%) and China (8.3%) and the decrease in those destined for Mexico (-25.8%).
Imports originating from the European Union fell by 4.5% as a result of the decreases in imports from Holland (-49.1%), Belgium (-21.6%) and Italy (-12.4%), although imports were up from the United Kingdom (15.9%), Portugal (8.4%), Germany (3.9%) and France (1.1%). From the rest of the world, particular mention can be made of the increases registered in those from Russia (73.4%) and Norway (104.5%) and the decreases in those coming from the United States (-12.6%), China (-6.7%) and Mexico (-3.1%).
By customs duty groups, and in relation to exports, it is worth indicating the good performance of the most relevant sections, given that the seven largest grew in a more or less significant manner; thus Metals & Manufactured posted an increase of 2.5%, Transport Material was up 4.9% and Electrical Material by 13.9%, for the three largest sections in the Basque Country.
The quarterly performance of foreign trade of the Basque Country in terms of exports changed according to the Province in question. They were up by 31.6% in Bizkaia, whereas Álava and Gipuzkoa registered negative rates of 2.9% and 4.4%, respectively. The rise in exports of Mineral and Energy products (84.8%) and Transport Material (157.6%) contributed substantially to growth in Basque exports. In turn Transport Material, with a downturn of 17.2%, was the main reason for the decrease in Álava. In the case of Gipuzkoa, also, the drop in exports of Transport Material (-36.6%) was a determining factor in the reduction of its exports. Regarding imports, Bizkaia experienced growth of 6.7%, whilst Álava and Gipuzkoa registered negative rates of 7.2% and 0.3%, respectively.
In the first quarter as a whole exports rose 15% and imports 2.9%
In the accumulated rate for the first six months of 2013, exports from the Basque Country stood at 10,388 million euros, 2.5% up on the first quarter of 2012. Furthermore, imports stood at 7,749 million, having increased by 2.9%.
The total transaction volume (exports + imports) of the first six months of the year came to 18,137 million euros, compared to the figure of 17,660 million for the first six months of 2012, that is, 2.7% up on the previous year.
The foreign trade balance for the first sixth months showed a surplus, with a positive trade balance of 2,640 million, 37 million euros higher than the previous year. For its part, the non-energy foreign balance also improved, standing at 4,565 million euros, which was an increase of 6.4%. The coverage rate of total exports over imports fell from 134.6% last year to 134.1% in 2013. The coverage rate of non-energy products increased from 182.4% for the first six months of 2012 to 192.6% for the same period in 2013.
For further information:
Eustat - Euskal Estatistika Erakundea / Instituto Vasco de Estadística
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
Press Service: email@example.com Tlf: 945 01 75 62
Further press releases on Foreign Trade Statistics of the Basque Country
Database on Foreign Trade Statistics of the Basque Country