Press Release 27/02/2014
Exports from the Basque Country were down by 8.3% in the fourth quarter of 2013
The export balance for 2013 closed with a decrease of 0.3%
Exports from the Basque Country posted a nominal decrease of 8.3% in the fourth quarter of 2013, according to EUSTAT data. They totalled 4,972 million euros compared to 5,419 million in the same quarter of the previous year. This decrease was very strongly influenced by the negative evolution of Energy Products, which dropped by 62.5%. Therefore, taking only non-energy exports into account, the variation is positive, with an increase of 1.8% in this fourth quarter.
Imports to the Basque Country increased by a nominal 6.5% in this period, reaching the figure of 4,255 million euros. This increase is even greater if only non-energy imports are considered, given the rise of 16.6%, valued at 2,867 million euros.
The net balance was positive and showed a trade surplus of 716 million euros, with a coverage rate of exports over imports of 116.8%. If energy products are excluded, the non-energy trade balance registered a surplus of 1,788 million, 326 million less than that registered in the fourth quarter of 2012. The non-energy coverage rate went from 186% in the fourth quarter of 2012 to 162.4% in the same quarter of 2013.
Exports destined for the European Union were down by 0.8% with regards to the same period of 2012. The decreases in exports destined for France (-10.9%), United Kingdom (-9.8%), Italy (-5.8%) and Portugal (-4%), and the increases in those destined for Germany (4.6%), Belgium (7.9%) and the Netherlands (28.8%), are worthy of mention for their significance. Outside of the EU27, it is worth pointing out the decreases in exports to the United States (-25.4%) and Mexico (-21.3%), and increases in those destined for Brazil (66.5%) and China (19.7%).
Imports from the European Union were up by 18.7%, with those coming from Germany (5.3%) and France (9%) particularly standing out, whilst there were decreases in those coming from the Netherlands (-26.2%), Italy (-12.3%) and Portugal (-5.8%). From the rest of the world, the increases in imports originating from the United States (318.7%) and China (1.4%), and the decreases in those originating from Russia (-40.9%) and Mexico (-22.1%), stand out.
By customs duty sections, and in relation to exports, it is worth mentioning, in the first place, that the majority of the sections (12 out of 21) experienced growth, which were concentrated in the largest sections, given that they accounted for 82% of the total. In terms of those sections that experienced increases, Electrical Material (3.6%), Transport Material (3.1%) and Metals and Manufactured (2.6%) stand out. The customs duty group of Mineral Products (-62.5%), especially those that are energy-related, changed the total exports from an increase to a decrease.
An analysis of the largest duty section, Mineral Products, revealed a decrease of 9.5%. However, two other groups registered noteworthy increases, with Metals and Manufactured (5.3%), Chemical Products (227.8%) and Transport Material (25.6%) standing out in this regard.
The greatest decrease in exports occurred in Bizkaia with 20.6%, which was mostly concentrated in Mineral Products (-63.1%). However, the other important sections, Metals and Manufactured (7.6%), Electrical Material (5.1%), Transport Material (4%) and Plastics and Rubber (4.6%), increased the value of their exports. Imports to Bizkaia registered an overall increase of 4.3%, due to the strong rise in Chemical Products (364.4%), though the other important sections decreased in a more or less significant manner: Mineral Products (-9.8%), Metals and Manufactured (-2.1%) and Electrical Material (-8.6%).
In Álava, exports increased by 6% with respect to the same period of the previous year, mainly due to the increase experienced in exports of Transport Material (15.5%), Metals and Manufactured (5.5%) and Food Products (35.8%). By contrast, Electrical Material (-6.3%) and Plastics and Rubber (-9.9%) both fell. Imports to Álava registered an increase of 16.3%, mainly due to the growth in its two most important sections, Electrical Material (20.6%) and Metals and Manufactured (7%).
Exports from Gipuzkoa decreased by 1.9%. Exports of Transport Material (-13.4%) and Metals and Manufactured (-5.5%) were the main groups responsible for this drop. For its part, the most important section in this province, Electrical Material (41% of the total), registered an increase of 5.4%. Imports grew by 6.9% due to the increase experienced by Metals and Manufactured (19.6%) and Transport Material (42.6%).
In 2013 exports in the Basque Country were down by 0.3%, whereas imports grew by 1.8%
Exports of the Basque Country, in 2013, stood at 20,242 million, that is, 61 million less than in 2012, which was a percentage decrease of 0.3%. Imports of the Basque Country stood at 15,792 million euros, a rise of 284 million compared to the numbers recorded in 2012, resulting in an increase of 1.8%.
By geographical areas, a decrease was registered of almost one point (0.8%) both in exports to and imports from the European Union. China and Brazil stood out from the other countries, situated in ninth and tenth place in the exporter ranking, with increases of 17.9 and 25.6%, respectively.
By territorial scope it must be pointed out that, in 2013, the evolution of exports was negative in two out of the three provinces, with a decrease of 4.6% in Gipuzkoa and 0.5% in Álava. Bizkaia, for its part, experienced growth of 3.5%.
In terms of imports, Bizkaia grew by 3.1%, as did Gipuzkoa, by 1.3%. In Álava, however, there was a drop of 2.6%.
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