Press Release 28/11/2017
Exports of goods from the Basque Country grew by 12.7% in the third quarter of 2017
The most exported products in the third quarter were Transport Material, in Álava and Gipuzkoa, and Petroleum products, in Bizkaia
Exports from the Basque Country posted a nominal increase of 12.7% in the third quarter of 2017, according to EUSTAT data. Imports, for their part, experienced an increase of 22.5%, rising from 3,671 to 4,498 million euros.
The net balance was positive and showed a trade surplus of 1,270 million euros, with a coverage rate of exports over imports of 128.2%. If energy products are excluded, the non-energy trade balance registered a surplus of 1,929 million and the non-energy coverage rate stood at 158.4%.
Exports destined for the European Union were up 11.8%, compared to the same period of 2016, representing 64.8% of the total exported. Special mention should be made of the exports to Portugal (30.4%), the United Kingdom (24.1%), Germany (14.0%) and Italy (8.3%). Outside the EU28, it is worth mentioning the increases in exports to the United States (49.3%) and Mexico (47.2%).
Imports originating from the European Union rose by 14.2%. Increases this quarter were concentrated in countries such as the United Kingdom (76.5%), France (14.2%), Germany (11.7%), the Netherlands (9.1%) and Italy (7.1%). From the rest of the world, particular mention can be made of the increases in imports from Norway (283.2%) and Mexico (56.1%), in both cases basically energy related imports, and those registered in purchases from the United States (39.2%) and China (12.2%). It is worth mentioning the drastic fall in Iranian imports (-98.0%) and Russian imports (-87.9%) as a result of the practical disappearance of energy exports from the Basque Country.
By customs duty groups, and in relation to exports, special mention should be made of the growth in Mineral and Energy products (54.1%), Transport Material (15.3%), Electrical Material (9.4%) and Metals and Manufactured (8.7%). Analysing imports, it is worth noting the increases in Mineral and Energy products (52.3%), Metals & Manufactured (22.3%) and Electrical Material (8.0%).
By province, Álava saw a rise in exports of 2.7%, mainly due to the increase in Transport Material (13.0%) and Electrical Material (8.3%). The most sold product this quarter (28.1% of the total exported) has been vehicles conceived principally for the transport of people (<10) with a diesel engine (from 1,500 cm3 to 2,500 cm3), followed by Vehicles with a diesel engine (< = 2,500 cm3) for the transport of goods and with a total weight less than or equal to 5t. at 16.5%. In Álava imports increased by 15.2% as an effect of the increase posted in its largest customs duty groups, Metals & Manufactured (28.3%), Transport Material (19.8%) and Electrical Material (13.2%).
Exports from Bizkaia grew by 25.9% as a result of the increases seen in Mineral and Energy products (55.2%), Electrical Material (39.1%), and Metals & Manufactured (17.8%), among others. The main exported product (7.1% of the total) has been Petrols with a lead content of less than 0.014 g./l. of between 95 and 97 octanes, both inclusive and the second Wind electricity generation groups (4.4%). Imports grew by 27.0% particularly owing to the growth in Mineral and Energy products (52.6%).
In Gipuzkoa, there was also rise in exports of 6.5% mainly due to the increase in Transport Material (28.7%). The product which accounted for 3.5% of the exports from Gipuzkoa was Diesel and electric motor units for railway tracks and motorised trams (electric), which was the most exported product this quarter ahead of Passenger carriages for railway tracks (3.3%). Imports grew by 18.9%, especially Metals and Manufactured, which posted a significant rise of 31.8%.
For further information:
Eustat - Euskal Estatistika Erakundea / Instituto Vasco de Estadística
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
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