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Publication date: 22 December 2016

1

Executive Summary International Trade Report. October 2016

2

Executive Summary International Trade Report. October 2016

OCTOBER 2016

In October 2016, Spain’s exports decreased by 1.6% year-on-year in nominal terms to 21,806.8 million

euros, whereas imports declined by 1.7% to 23,640.4 million euros. With seasonally adjusted data,

exports grew by 0.9% year-on-year and imports by 0.8%. In real terms, exports grew by 1.0% year-on-

year, as export prices decreased by 2.6%, and imports diminished by 0.9%, as import prices dropped by

0.9%. In nominal terms on a month-on-month basis, exports increased by 1.8% and imports declined by

0.1%. With seasonally adjusted data, exports increased by 0.8% month-on-month and imports rose by

2.6%.

Exports (% year-on-year)

-40

-20

0

20

40

2011 2012 2013 2014 2015 2016

original

trend-cycle

Imports (% year-on-year)

-40

-20

0

20

40

2011 2012 2013 2014 2015 2016

original

trend-cycle

Spain’s trade balance registered a deficit of

1,833.6 million euros, down from a deficit of

1,888.2 million euros in October 2015 (provisional

data). The export/import coverage ratio reached

92.2%, equal value as in October of 2015 with

provisional data. The non-energy trade balance

reached a deficit of 619.6 million euros, in contrast

to a surplus of 129.3 million in the same month of

2015. The energy trade deficit fell by 39.8%

year-on-year to 1,214.0 million euros (compared

to a deficit of 2,017.5 million euros in October

2015).

Trade balance (M€) and coverage ratio (%)

60%

70%

80%

90%

100%

110%

120%

-10,000

-8,000

-6,000

-4,000

-2,000

0

2011 2012 2013 2014 2015 2016

Trade Balance

Coverage ratio

Sectoral data

Spain’s main exporting sectors in October 2016 were capital goods (representing 19.5% of total exports

and declining by 4.1% year-on-year), vehicles (18.3% of total, decreasing by 0.8%), food, beverages and

tobacco (15.9% of total, advancing by 3.0%) and chemical products (13.6% of total, diminishing by 2.2%).

3

Executive Summary International Trade Report. October 2016

Exports (% of total)

15.2

4.62.2

11.0

13.720.1

18.1

1.810.5

2.9

15.9

6.2

2.6

9.8

13.619.5

18.3

1.8

10.71.6

OtherConsumption

goods

Durable goods

Vehicles

Capital goods Chemical

products

Semi-manuf. (non-chem.)

Raw Materials

Energy

Food, beverages and

tobacco

OCTOBER 2015

OCTOBER2016

Imports (% of total)

11.6

12.6

3.5

6.9

15.521.7

13.1

2.812.0

0.3

11.3

10.8

3.6

7.2

15.122.4

12.9

3.0

13.20.5Durable

goods

Vehicles

Capital goods

Chemical products

Semi-manuf.

(non-chem.)

Raw Materials

Energy

OtherConsumption

goods

Food, beveragesand tobacco

OCTOBER2015

OCTOBER2016

The most significant sectors of Spain’s imports were capital goods (representing 22.4% of total imports

and rising by 1.7% year-on-year), chemical products (15.1% of total, shrinking by 4.1%), consumption

goods (13.2% of total, surging by 7.7%) and vehicles (12.9% of total, decreasing by 2.9%).

Among subsectors, the largest contributions to the annual change in Spain’s exports in October 2016

(down by 1.6%) came from oil and by-products (1.7 points), engines (0.5 points) and road transport

equipment (0.5 points). The major negative contributions corresponded to iron and steel (-0.8 points),

general purpose equipment (-0.5 points) and electrical machinery (-0.5 points).

Exports (top/bottom contrib. to annual change, p.p.)

-0.8

-0.5

-0.5

-0.5

-0.3

-0.3

-0.3

-0.2

-0.2

-0.2

0.1

0.2

0.3

0.3

0.4

0.4

0.4

0.5

0.5

1.7

-1.0 -0.5 0.0 0.5 1.0 1.5 2.0

iron and steel

general purpose equipment

electrical machinery

automotive parts and accessories

other capital goods

non-ferrous metals

plastics

toys

railway transport equipment

fruits, vegetables and legumes

other chemical products

ships

garment

meat products

minerals

cars and motorcycles

oils and fats

road transport equipment

engines

oil and by-products

Imports (top/bottom contrib. to annual change, p.p.)

-1.0

-0.6

-0.5

-0.4

-0.4

-0.4

-0.3

-0.3

-0.2

-0.2

0.1

0.1

0.1

0.2

0.2

0.2

0.3

0.5

0.5

0.6

-1.5 -1.0 -0.5 0.0 0.5 1.0

gas

oil and by-products

organic

automotive parts and accessories

other food products

coal and electricity

general purpose equipment

plastics

electrical machinery

inorganic

iron and steel

tobacco

footwear

electrical appliances

non-ferrous metals

toys

precision equipment

garment

medicines

aircraft

The subsectors with the most positive contribution to the annual change in Spain’s imports in October

2016 (down by 1.7%) were aircraft (0.6 points), medicines (0.5 points) and garment (0.5 points). The major

negative contributions corresponded to gas (-1.0 points), oil and by-products (-0.6 points) and organic

chemical products (-0.5 points).

4

Executive Summary International Trade Report. October 2016

Geographic data

Exports to the European Union accounted for 65.7% of total exports in October 2016 (down from 65.9%

in October 2015) and shrank by 2.0% year-on-year. Exports to the euro area accounted for 51.5% (up

from 50.9% in October 2015) and declined by 0.4%. Exports to non-EU countries accounted for 34.3%

of total exports (up from 34.1% in October 2015) as they declined by 1.0% year-on-year.

Exports (% of total)

Imports (% of total)

Imports from the European Union accounted for 56.8% of total imports in October 2016 (down from 57.6%

in October 2015) and dropped by 3.2% year-on-year. Imports from the euro area represented 45.2% (down

from 46.0% in October 2015) and declined by 3.6%. Imports from non-EU countries accounted for 43.2%

of total imports in October 2016 (up from 42.4% in October 2015) as they augmented by 0.2% year-on-

year.

Exports EU and extra-EU (% y-o-y trend-cycle)

-40

-20

0

20

40

2011 2012 2013 2014 2015 2016

Total

EU-28

Extra-EU-28

Imports EU and extra-EU (% y-o-y trend-cycle)

-40

-20

0

20

40

2011 2012 2013 2014 2015 2016

Total

EU-28

Extra-EU-28

Trade balance with the European Union showed in October 2016 a surplus of 888.6 million euros (up

from a surplus of 735.7 million in October 2015) and a surplus of 547.8 million euros with the euro area

(200.2 million surplus in October 2015). Trade deficit with the rest of the world increased to 2,722.2

million euros (from a deficit of 2,623.9 million euros in October 2015).

50,9

15,0

5,5

10,9

9,3

6,5 0,61,3

51,5

14,1

6,3

9,9

9,7

6,60,7

1,3

OCTOBER2016

Asia

Rest of EU

America

Rest of Europe

Euro area

Africa

OCTOBER2015

Oceania Other

46,0

11,65,7

9,8

17,7

8,60,4

0,0

45,2

11,6

5,4

10,7

19,2

7,60,3

0,0

OCTOBER2015

OCTOBER2016

Rest of EU

Rest of Europe

America

Asia

Africa

Euro area

Oceania Other

5

Executive Summary International Trade Report. October 2016

The destinations with the largest contributions to the annual change in Spain’s exports in October

2016 (down by 1.6%) were China (0.4 percentage points), Belgium (0.4 points), Turkey (0.3 points) and

Iceland (0.3 points). Those destinations with the largest negative contributions were the United Kingdom

(-0.8 points), the United States (-0.5 points), Oman (-0.5 points) and South Korea (-0.3 points).

Exports (top/bottom contrib. to annual change, p.p.)

-0.8

-0.5

-0.5

-0.3

-0.3

-0.3

-0.2

-0.2

-0.2

-0.1

0.1

0.1

0.1

0.1

0.2

0.2

0.3

0.3

0.4

0.4

-1.0 -0.8 -0.6 -0.4 -0.2 0.0 0.2 0.4 0.6

UK

USA

Oman

South Korea

Germany

France

Switzerland

Argentina

Cuba

Poland

Morocco

Japan

Portugal

Malaysia

Norway

Ireland

Iceland

Turkey

Belgium

China

Imports (top/bottom contrib. to annual change, p.p.)

-1.1

-1.1

-0.7

-0.7

-0.6

-0.5

-0.5

-0.4

-0.4

-0.2

0.2

0.2

0.2

0.3

0.3

0.4

0.5

0.5

0.5

0.7

-1.5 -1.0 -0.5 0.0 0.5 1.0

Algeria

Nigeria

UK

Angola

Germany

Norway

France

Ireland

Portugal

Argentina

Egypt

Iraq

Romania

China

Saudi Arabia

Morocco

Libya

Poland

Equatorial Guinea

USA

Regarding imports, the countries with the largest contributions to the annual change in Spain’s

imports in October 2016 (down by 1.7%) were the United States (0.7 percentage points), Equatorial

Guinea (0.5 points), Poland (0.5 points) and Libya (0.5 points). The destinations with the largest negative

contributions were Algeria (-1.1 points), Nigeria (-1.1 points), the United Kingdom (-0.7 points) and Angola

(-0.7 points).

International data

In comparison to other geographical areas, Spain’s exports of goods decreased by 1.6% year-on-year

in October, a smaller decrease than those of the euro area (-4.0%) and the European Union (-4.5%). Within

the European Union, exports also decreased in Germany (-4.1%), France (-8.2%) and Italy (-2.2%), but

they increased in the United Kingdom (6.7%). Outside the European Union, the United States exports

decreased by 1.2% year-on-year, China’s by 7.6% and Japan’s by 10.3%.

6

Executive Summary International Trade Report. October 2016

JANUARY – OCTOBER 2016

Spain’s exports increased by 0.9% in the period of January-October 2016 compared to the same period

of 2015 to 210,292.0 million euros, whereas imports decreased by 1.6% year-on-year to 225,352.8 million

euros. In real terms, exports rose by 3.0% year-on-year, as export prices diminished by 2.0%, and imports

advanced by 2.4% year-on-year, as import prices fell by 3.8%.

Spain’s trade deficit decreased to 15,060.7 million euros compared to the same period of 2015 (deficit of

20,530.3 million euros). The export/import coverage ratio reached 93.3%, 2.3 percentage points higher

than in the same period of 2015 (91.0%, provisional data). The non-energy trade balance reached a

deficit of 1,797.5 million euros, compared to a surplus of 2,163.3 million euros in January-October 2015,

whereas the energy trade deficit declined by 41.6% year-on-year to 13,263.2 million euros.

Sectoral data

Spain’s main exporting sectors in the period of January-October were capital goods (representing 20.1%

of total exports, advancing by 1.5% year-on-year), vehicles (18.0% of total, surging by 7.4%), food,

beverages and tobacco (16.7% of total, increasing by 5.9%) and chemical products (14.3% of total,

declining by 0.6%).

Exports (% of total)

15.9

5.12.3

10.6

14.619.9

16.9

1.69.7

3.3

16.7

5.0

2.2

10.1

14.320.1

18.0

1.7

10.21.7

Consumption goods

Durable goods

Vehicles

Capital goods

J-O2015

Chemical products

Semi-manuf. (non-chem.)

Raw materials

Energy

Food, beveragesand tobacco

Other

JAN-OCT2016

Imports (% of total)

11.1

14.5

3.5

7.0

16.119.9

13.0

2.612.0

0.3

11.7

10.5

3.2

6.9

15.821.7

13.8

2.8

13.00.5Durable

goods

Consumptiongoods

Other Food, beveragesand tobacco

Energy

Raw materials

Semi-manuf.(non-chem.)

Chemical products

Capital goods

Vehicles

JAN-OCT2016

J-O2015

The largest shares by sector of Spain’s imports were those of capital goods (representing 21.7% of

total and advancing by 7.3% year-on-year), chemical products (15.8% of total imports, declining by 2.9%),

vehicles (13.8% of total imports, advancing by 4.4%) and consumption goods (13.0% of total imports,

advancing by 6.4%).

Among subsectors, the largest contributions to the annual change in Spain’s exports (up by 0.9%) were

cars and motorcycles (1.2 percentage points), road transport equipment (0.6 points) and garment (0.4

points). On the other hand, the major negative contributions by subsectors corresponded to iron and steel

(-0.4 points), medicines (-0.2 points), and coal and electricity (-0.2 points).

7

Executive Summary International Trade Report. October 2016

Exports (top/bottom contrib. to annual change, p.p.)

-0.4

-0.2

-0.2

-0.2

-0.2

-0.1

-0.1

-0.1

-0.1

-0.1

0.1

0.1

0.2

0.2

0.2

0.3

0.3

0.4

0.6

1.2

-0.5 0.0 0.5 1.0 1.5

iron and steel

medicines

coal and electricity

gas

aircraft

minerals

electrical machinery

footwear

non-ferrous metals

specific purpose equipment

fishery products

other consumption goods

fruits, vegetables and legumes

other chemical products

oils and fats

meat products

oil and by-products

garment

road transport equipment

cars and motorcycles

Imports (top/bottom contrib. to annual change, p.p.)

-3.1

-0.8

-0.3

-0.3

-0.3

-0.3

-0.2

-0.1

-0.1

-0.1

0.1

0.1

0.2

0.2

0.2

0.2

0.3

0.4

0.5

0.7

-4.0 -3.0 -2.0 -1.0 0.0 1.0

oil and by-products

gas

minerals

medicines

coal and electricity

iron and steel

automotive parts and accessories

fertilizers

organic

inorganic

precision equipment

road transport equipment

specific purpose equipment

other capital goods

fishery products

fruits, vegetables and legumes

general purpose equipment

aircraft

garment

cars and motorcycles

The subsectors with most positive contributions to the annual change in Spain’s imports in January-

October 2016 (down by 1.6%) were cars and motorcycles (0.7 points), garment (0.5 points) and aircraft

(0.4 points). The major negative contributions corresponded to oil and by-products (-3.1 points), gas (-0.8

points) and minerals (-0.3 points).

Geographic data

Exports to the European Union accounted for 66.4% of total exports in the period (up from 64.8% in the

same period of 2015) and increased by 3.3% year-on-year, while exports to the euro area accounted for

51.7% of total (50.5% in the same period of 2015) and went up by 3.2%. Exports to the rest of the world

accounted for 33.6% of total exports (35.2% in the same period of 2015) and fell by 3.5% year-on-year.

Exports (% of total)

50.5

14.3

5.7

11.3

9.5

6.50.8

1.5

51.7

14.7

5.7

10.4

9.4

6.30.6

1.1

J-O 2015

JAN-OCT2016

Rest of EU

Rest ofEurope

America

Asia

Africa

Euro area

Oceania Other

Imports (% of total)

44.3

11.35.4

10.8

19.0

8.90.3

0.0

45.7

11.4

5.6

10.2

19.6

7.30.3

0.0

J-O2015

JAN-OCT2016

Asia

America

Africa

Euro area

Rest ofEurope Rest of EU

OtherOceania

Imports from the European Union accounted for 57.1% of total imports in January-October 2016 (up from

55.5% in the same period of 2015) and increased by 1.2% year-on-year. Imports from the euro area

8

Executive Summary International Trade Report. October 2016

accounted for 45.7% (44.3% in the same period of 2015) and grew by 1.7%. Imports from the rest of the

world accounted for 42.9% of total (44.5% in the same period of 2015) and fell by 5.1% year-on-year.

Spain’s trade surplus with the European Union and with the euro area increased to 10,858.6 million

euros and to 5,616.7 million euros respectively, up from surpluses of 8,012.5 million and 3,966.5 million

euros in the same period of the previous year. The trade deficit with the rest of the world decreased by

9.2% year-on-year to 25,919.3 million euros.

In terms of contribution to the annual change of exports (up by 0.9%), the main contributions were

those of Italy (0.6 percentage points), Germany (0.6 points), Belgium (0.5 points) and the United Kingdom

(0.5 points). Those destinations with the largest negative contributions were France (-0.4 points), Saudi

Arabia (-0.3 points), Argentina (-0.2 points), and Brazil (-0.2 points).

Exports (top/bottom contrib. to annual change, p.p.)

-0.4

-0.3

-0.2

-0.2

-0.2

-0.1

-0.1

-0.1

-0.1

-0.1

0.1

0.1

0.1

0.2

0.2

0.3

0.5

0.5

0.6

0.6

-0.6 -0.4 -0.2 0.0 0.2 0.4 0.6 0.8

France

Saudi Arabia

Argentina

Brazil

Gibraltar

USA

Australia

Mexico

Bulgaria

Greece

Austria

Norway

Romania

Ireland

China

Morocco

UK

Belgium

Germany

Italy

Imports (top/bottom contrib. to annual change, p.p.)

-0.7

-0.6

-0.5

-0.4

-0.2

-0.2

-0.2

-0.2

-0.2

-0.1

0.1

0.1

0.2

0.2

0.2

0.2

0.2

0.2

0.2

0.3

-0.8 -0.6 -0.4 -0.2 0.0 0.2 0.4

Algeria

Nigeria

Angola

UK

Saudi Arabia

Venezuela

Kazakhstan

Colombia

Mexico

Ireland

Czech Republic

Turkey

Japan

Switzerland

Poland

France

Iran

Italy

Morocco

Germany

Regarding imports, the countries with the largest contribution to the annual change in Spain’s imports

in the period (down by 1.6%) were Germany (0.3 percentage points), Morocco (0.2 points), Italy (0.2 points)

and Iran (0.2 points). The destinations with the largest negative contributions were Algeria (-0.7 points),

Nigeria (-0.6 points), Angola (-0.5 points) and the United Kingdom (-0.4 points).

In the period January-October, the number of Spanish exporters grew by 1.3% year-on-year to 134,030

exporters, out of which 35,967 had already exported at least 50,000 euros worth of goods in the period,

0.5% less than in the same period of 2015. With regard to regular exporters (those that have already

exported in the current year as well as in each of the three preceding years), they amounted to 48,861 in

the period, 36.5% of total exporters and 4.1% more than in the same period of 2015. Their exports reached

198,856.2 million, 94.6% of total exports and 1.9% more than in the same period of the previous year.

International data

In comparison to other geographical areas, Spain’s exports of goods increased by 0.9% year-on-year

in the period of January-October 2016. By contrast, the euro area´s exports decreased by 0.4% and the

European Union´s by 1.2%. Within the European Union, exports also increased in Germany (0.3%) and

Italy (0.2%), whereas those of France and the United Kingdom fell by 2.2% and 3.2% respectively. Outside

the European Union, the United States exports decreased by 4.6%, China’s by 6.9% and Japan’s by 9.3%.

9

Executive Summary International Trade Report. October 2016

12 - MONTH ACCUMULATED FLOWS

70

75

80

85

90

95

100

-100,000

-50,000

0

50,000

100,000

150,000

200,000

250,000

300,000

N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O

2012 2013 2014 2015 2016%M€

Imports Exports Trade Balance Coverage ratio

-250,000

-200,000

-150,000

-100,000

-50,000

0

50,000

100,000

150,000

200,000

250,000

N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O

2012 2013 2014 2015 2016M€

Energy Exports Energy Imports Non-energy ExportsNon-energy Trade Balance Non-energy Imports Energy Trade Balance

-200,000

-150,000

-100,000

-50,000

0

50,000

100,000

150,000

200,000

N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O

2012 2013 2014 2015 2016M€

Extra-EU Exports Extra-EU Imports EU ExportsUE Imports EU Trade Balance Extra-EU Trade Balance

10

Executive Summary International Trade Report. October 2016

STATISTICAL ANNEX

COVERAGE

RATIO

Million €%

m-o-m

%

y-o-yMillion €

%

m-o-m

%

y-o-yMillion €

%

m-o-m

%

y-o-y%

2007 185.023,2 8,6 285.038,3 8,5 -100.015,1 -8,4 64,9

2008 189.227,9 2,3 283.387,8 -0,6 -94.159,9 5,9 66,8

2009 159.889,6 -15,5 206.116,2 -27,3 -46.226,6 50,9 77,6

2010 186.780,1 16,8 240.055,9 16,5 -53.275,8 -15,2 77,8

2011 215.230,4 15,2 263.140,7 9,6 -47.910,4 10,1 81,8

2012 226.114,6 5,1 257.945,6 -2,0 -31.831,0 33,6 87,7

2013 235.814,1 4,3 252.346,8 -2,2 -16.532,7 48,1 93,4

2014 240.581,8 2,0 265.556,6 5,2 -24.974,8 -51,1 90,6

2015 249.794,4 3,8 274.772,3 3,5 -24.977,9 0,0 90,9

12 last months* 252.102,9 1,8 270.807,2 -0,3 -18.704,3 21,8 93,1

2007 (Jan-Oct) 154.530,3 9,5 236.992,5 9,0 -82.462,2 -8,2 65,2

2008 (Jan-Oct) 162.305,9 5,0 245.226,9 3,5 -82.921,1 -0,6 66,2

2009 (Jan-Oct) 132.436,3 -18,4 169.486,1 -30,9 -37.049,8 55,3 78,1

2010 (Jan-Oct) 153.551,3 15,9 197.261,4 16,4 -43.710,1 -18,0 77,8

2011 (Jan-Oct) 179.297,9 16,8 218.904,2 11,0 -39.606,3 9,4 81,9

2012 (Jan-Oct) 188.515,3 5,1 217.447,4 -0,7 -28.932,1 27,0 86,7

2013 (Jan-Oct) 198.279,2 5,2 210.794,7 -3,1 -12.515,5 56,7 94,1

2014 (Jan-Oct) 201.134,5 1,4 222.761,1 5,7 -21.626,6 -72,8 90,3

2015 (Jan-Oct) 208.198,3 3,5 229.401,3 3,0 -21.202,9 2,0 90,8

2016 (Jan-Oct)* 210.292,0 0,9 225.352,8 -1,6 -15.060,7 26,6 93,3

2007 (Oct) 17.303,5 16,5 13,9 26.536,3 11,7 11,7 -9.232,8 -3,6 -7,9 65,2

2008 (Oct) 16.681,5 1,6 -3,6 24.813,2 2,4 -6,5 -8.131,6 -4,0 11,9 67,2

2009 (Oct) 14.870,3 6,8 -10,9 18.868,4 -0,1 -24,0 -3.998,2 19,6 50,8 78,8

2010 (Oct) 17.142,1 6,5 15,3 20.933,4 2,3 10,9 -3.791,3 13,1 5,2 81,9

2011 (Oct) 18.084,8 -2,2 5,5 21.460,1 -6,1 2,5 -3.375,3 22,5 11,0 84,3

2012 (Oct) 20.911,6 14,8 15,6 22.586,0 8,1 5,2 -1.674,4 37,2 50,4 92,6

2013 (Oct) 21.286,2 12,5 1,8 22.646,9 5,4 0,3 -1.360,7 47,1 18,7 94,0

2014 (Oct) 22.138,6 6,5 4,0 24.723,4 5,9 9,2 -2.584,8 -1,7 -90,0 89,5

2015 (Oct) 22.074,0 4,8 -0,3 23.795,4 -0,8 -3,8 -1.721,3 41,2 33,4 92,8

2016 (Oct)* 21.806,8 1,8 -1,6 23.640,4 -0,1 -1,7 -1.833,6 17,8 2,9 92,2

2016*

January 18.267,3 -9,4 2,1 20.653,9 -5,9 0,8 -2.386,6 -33,0 8,1 88,4

February 20.390,7 11,6 2,7 22.151,7 7,3 1,2 -1.761,0 26,2 13,6 92,1

March 22.443,1 10,1 -3,3 23.238,9 4,9 -3,6 -795,9 54,8 10,6 96,6

Q1 61.101,1 -4,5 0,2 66.044,5 -5,0 -0,7 -4.943,5 10,6 10,5 92,5

April 22.244,7 -0,9 6,3 22.882,0 -1,5 -1,2 -637,3 19,9 71,7 97,2

May 22.014,1 -1,0 4,7 22.955,1 0,3 1,2 -940,9 -47,6 43,2 95,9

June 22.681,3 3,0 2,1 24.037,9 4,7 -0,9 -1.356,6 -44,2 33,7 94,4

Q2 66.940,1 9,6 4,3 69.875,0 5,8 -0,3 -2.934,8 40,6 50,7 95,8

July 21.366,4 -5,8 -9,1 21.924,2 -8,8 -12,0 -557,8 58,9 60,0 97,5

August 17.646,0 -17,4 8,9 20.206,2 -7,8 4,2 -2.560,2 -358,9 19,9 87,3

September 21.431,6 21,5 0,0 23.662,4 17,1 -1,4 -2.230,8 12,9 13,2 90,6

Q3 60.444,0 -9,7 -1,1 65.792,8 -5,8 -3,7 -5.348,8 -82,3 25,3 91,9

October 21.806,8 1,8 -1,6 23.640,4 -0,1 -1,7 -1.833,6 17,8 2,9 92,2

* Provisional

Source: Evaluation Department (Secretariat of State for Trade), data from Spanish Customs Department (Tax Agency)

Key data

EXPORTS IMPORTS BALANCE

11

Executive Summary International Trade Report. October 2016

Sector breakdown - October 2016

EXPORTS IMPORTS BALANCE

Million € % share y-o-y (%) Million € % share y-o-y (%) Million € y-o-y (%)

Food, beverages and tobacco 3.458,9 15,9 3,0 2.671,3 11,3 -4,6 787,6 40,8 Meat products 580,7 2,7 15,1 185,8 0,8 8,4 394,8 18,6

Fishery products 310,5 1,4 5,7 570,4 2,4 2,8 -259,9 0,5

Fruits, vegetables and legumes 1.181,4 5,4 -3,5 388,1 1,6 -7,1 793,3 -1,6

Oils and fats 345,7 1,6 35,3 159,6 0,7 -17,5 186,2 200,0

Sugars, coffee and cocoa 154,1 0,7 -4,8 256,7 1,1 -4,8 -102,7 4,7

Dairy products and eggs 106,6 0,5 1,6 144,6 0,6 -12,1 -38,0 36,2

Other food products 426,0 2,0 1,4 686,7 2,9 -12,1 -260,8 27,8

Beverages 337,9 1,5 -9,6 152,4 0,6 3,7 185,5 -18,3

Tobacco 16,0 0,1 -23,3 126,9 0,5 27,4 -110,9 -40,9

Energy 1.341,9 6,2 32,4 2.555,9 10,8 -15,7 -1.214,0 39,8 Oil and by-products 1.292,7 5,9 41,4 2.008,1 8,5 -6,6 -715,4 42,1

Gas 23,6 0,1 -33,2 449,5 1,9 -35,3 -426,0 35,4

Coal and electricity 25,6 0,1 -60,0 98,2 0,4 -47,6 -72,6 41,1

Raw materials 565,3 2,6 18,0 848,7 3,6 -0,4 -283,3 24,0 Animals and vegetables 223,1 1,0 3,5 249,8 1,1 -8,1 -26,8 52,6

Minerals 342,2 1,6 29,8 598,8 2,5 3,2 -256,6 18,9

Semi-manuf. (non-chem.) 2.141,4 9,8 -11,9 1.692,9 7,2 2,7 448,5 -42,6 Non-ferrous metals 406,4 1,9 -13,7 330,7 1,4 15,5 75,6 -59,1

Iron and steel 617,6 2,8 -21,4 631,2 2,7 4,3 -13,7 -107,6

Paper 276,2 1,3 -9,9 274,6 1,2 -6,7 1,7 -86,7

Ceramic and associated 304,9 1,4 1,6 70,6 0,3 30,7 234,3 -4,8

Other semi-manufactures 536,3 2,5 -5,4 385,8 1,6 -5,6 150,5 -4,7

Chemical products 2.976,1 13,6 -2,2 3.575,1 15,1 -4,1 -599,1 12,6 Organic 287,7 1,3 4,2 602,0 2,5 -16,1 -314,2 28,9

Inorganic 79,5 0,4 -9,7 117,4 0,5 -32,7 -37,9 56,1

Medicines 845,2 3,9 -3,2 1.236,6 5,2 10,6 -391,4 -59,9

Plastics 774,4 3,6 -7,5 762,3 3,2 -9,3 12,1 474,2

Fertilizers 56,7 0,3 -0,3 79,9 0,3 -24,1 -23,2 52,1

Tanning or dyeing extracts 192,4 0,9 -10,5 130,1 0,6 1,8 62,3 -28,5

Essential and perfume oils 407,6 1,9 4,3 310,8 1,3 0,3 96,8 19,4

Other chemical products 332,6 1,5 8,8 336,1 1,4 0,5 -3,5 87,8

Capital goods 4.262,8 19,5 -4,1 5.297,0 22,4 1,7 -1.034,1 -35,5 Equipment for industry 1.102,9 5,1 -12,2 1.303,3 5,5 -5,0 -200,4 -73,9

Specific purpose 368,2 1,7 -8,3 411,5 1,7 2,4 -43,3 -6.554,0

General purpose 734,7 3,4 -14,1 891,8 3,8 -8,1 -157,1 -37,1

Office and telecom. Equipment 227,9 1,0 -14,2 1.038,9 4,4 -2,9 -811,0 -0,8

Office 83,8 0,4 -10,4 462,5 2,0 2,5 -378,7 -5,9

Telecommunication 144,1 0,7 -16,3 576,4 2,4 -6,8 -432,3 3,2

Transport equipment 1.009,5 4,6 8,7 735,3 3,1 27,8 274,2 -22,5

Railway 63,5 0,3 -43,5 20,9 0,1 -3,0 42,6 -53,1

Road 589,4 2,7 21,1 340,4 1,4 6,1 249,0 50,0

Ships 52,0 0,2 202,8 24,6 0,1 -18,1 27,3 311,7

Aircraft 304,7 1,4 -2,6 349,4 1,5 72,1 -44,7 -140,7

Other capital goods 1.922,5 8,8 -3,6 2.219,4 9,4 1,3 -296,9 -50,3

Engines 219,0 1,0 102,3 195,4 0,8 -2,0 23,6 125,9

Electrical machinery 898,7 4,1 -11,6 1.000,7 4,2 -5,6 -102,0 -138,4

Precision equipment 203,1 0,9 5,7 543,8 2,3 17,4 -340,7 -25,6

Other 601,7 2,8 -11,1 479,5 2,0 2,2 122,2 -41,1

Vehicles 3.986,3 18,3 -0,8 3.059,3 12,9 -2,9 927,0 6,6 Cars and motorcycles 2.930,2 13,4 3,0 1.393,0 5,9 0,8 1.537,2 5,1

Parts and accessories 1.056,1 4,8 -10,1 1.666,3 7,0 -5,7 -610,2 -2,8

Durable goods 396,7 1,8 0,2 711,4 3,0 6,6 -314,6 -15,9 Electrical appliances 117,7 0,5 -3,6 226,8 1,0 20,4 -109,1 -64,8

Consumer electronics 55,0 0,3 21,7 179,9 0,8 -4,9 -124,9 13,2

Furniture 173,4 0,8 -1,9 237,0 1,0 6,6 -63,6 -39,5

Other durable goods 50,6 0,2 -2,4 67,7 0,3 0,1 -17,1 -8,4

Consumption goods 2.337,4 10,7 0,1 3.114,2 13,2 7,7 -776,9 -39,4 Textiles 1.474,1 6,8 6,1 1.780,7 7,5 7,0 -306,6 -12,0

Garment 1.109,5 5,1 6,7 1.400,3 5,9 8,4 -290,8 -15,3

Footwear 186,6 0,9 -17,8 230,8 1,0 16,6 -44,1 -251,8

Toys 129,7 0,6 -28,4 314,9 1,3 23,0 -185,2 -147,1

Other consumption goods 546,9 2,5 1,7 787,9 3,3 1,6 -241,0 -1,5

Other 339,9 1,6 -47,6 114,6 0,5 44,0 225,3 -60,4

TOTAL 21.806,8 100,0 -1,6 23.640,4 100,0 -1,7 -1.833,6 2,9

Source: Evaluation Department (Secretariat of State for Trade), data from Spanish Customs Department (Tax Agency)

12

Executive Summary International Trade Report. October 2016

Sector breakdown - January to October 2016

EXPORTS IMPORTS BALANCE

Million € % share y-o-y (%) Million € % share y-o-y (%) Million € y-o-y (%)

Food, beverages and tobacco 35.208,2 16,7 5,9 26.412,3 11,7 4,1 8.795,9 11,9 Meat products 5.267,8 2,5 11,9 1.644,2 0,7 2,0 3.623,6 17,2

Fishery products 2.932,4 1,4 8,7 5.137,4 2,3 9,5 -2.205,1 -10,5

Fruits, vegetables and legumes 13.530,1 6,4 3,1 4.248,7 1,9 12,5 9.281,5 -0,7

Oils and fats 3.500,2 1,7 16,1 1.826,7 0,8 0,2 1.673,5 40,5

Sugars, coffee and cocoa 1.407,7 0,7 9,1 2.429,0 1,1 1,5 -1.021,3 7,4

Dairy products and eggs 1.050,8 0,5 -1,2 1.435,0 0,6 -6,2 -384,2 17,7

Other food products 4.167,5 2,0 4,1 6.974,2 3,1 -0,6 -2.806,7 6,9

Beverages 3.137,4 1,5 0,6 1.490,5 0,7 2,6 1.647,0 -1,2

Tobacco 214,3 0,1 -2,2 1.226,6 0,5 13,7 -1.012,3 -17,8

Energy 10.439,0 5,0 -0,8 23.702,2 10,5 -28,7 -13.263,2 41,6 Oil and by-products 9.899,6 4,7 7,0 18.154,9 8,1 -27,9 -8.255,2 48,2

Gas 249,1 0,1 -58,7 4.775,2 2,1 -27,5 -4.526,1 24,3

Coal and electricity 290,3 0,1 -57,1 772,2 0,3 -47,2 -481,9 38,6

Raw materials 4.646,1 2,2 -4,3 7.272,6 3,2 -10,4 -2.626,5 19,5 Animals and vegetables 2.046,1 1,0 3,7 2.450,9 1,1 -1,9 -404,8 22,8

Minerals 2.600,0 1,2 -9,8 4.821,8 2,1 -14,2 -2.221,7 18,8

Semi-manuf. (non-chem.) 21.294,9 10,1 -3,8 15.593,1 6,9 -2,1 5.701,8 -8,3 Non-ferrous metals 4.197,9 2,0 -4,9 3.039,4 1,3 2,2 1.158,5 -19,6

Iron and steel 5.755,8 2,7 -12,5 5.285,2 2,3 -10,5 470,6 -29,6

Paper 2.919,8 1,4 1,1 2.901,6 1,3 -0,3 18,1 177,0

Ceramic and associated 3.187,2 1,5 5,2 655,5 0,3 24,2 2.531,7 1,1

Other semi-manufactures 5.234,2 2,5 0,0 3.711,3 1,6 2,9 1.522,9 -6,5

Chemical products 30.174,6 14,3 -0,6 35.687,5 15,8 -2,9 -5.512,9 14,1 Organic 2.865,5 1,4 -5,9 6.680,4 3,0 -3,5 -3.814,8 1,6

Inorganic 839,8 0,4 3,1 1.507,6 0,7 -9,4 -667,8 21,3

Medicines 8.665,2 4,1 -4,8 11.039,6 4,9 -6,2 -2.374,4 11,0

Plastics 8.202,9 3,9 -0,8 8.010,9 3,6 0,5 192,0 -35,8

Fertilizers 558,0 0,3 -10,3 592,2 0,3 -32,2 -34,2 86,4

Tanning or dyeing extracts 1.973,4 0,9 1,2 1.273,1 0,6 2,3 700,3 -0,7

Essential and perfume oils 3.771,6 1,8 2,7 3.037,3 1,3 4,9 734,3 -5,3

Other chemical products 3.298,2 1,6 14,6 3.546,4 1,6 3,3 -248,2 55,3

Capital goods 42.170,2 20,1 1,5 48.915,3 21,7 7,3 -6.745,1 -66,5 Equipment for industry 10.933,1 5,2 -1,5 13.260,3 5,9 7,7 -2.327,2 -92,4

Specific purpose 3.687,6 1,8 -5,4 3.988,0 1,8 9,7 -300,4 -214,5

General purpose 7.245,5 3,4 0,6 9.272,4 4,1 6,9 -2.026,9 -37,7

Office and telecom. Equipment 2.291,4 1,1 3,1 9.452,6 4,2 -1,8 -7.161,2 3,3

Office 831,2 0,4 2,6 3.871,2 1,7 -0,9 -3.040,1 1,8

Telecommunication 1.460,2 0,7 3,5 5.581,4 2,5 -2,4 -4.121,1 4,4

Transport equipment 10.312,7 4,9 9,7 6.138,6 2,7 27,6 4.174,1 -9,0

Railway 977,1 0,5 7,5 207,6 0,1 14,1 769,5 5,9

Road 5.782,3 2,7 25,6 2.846,2 1,3 13,3 2.936,1 40,4

Ships 399,0 0,2 -4,3 258,7 0,1 40,2 140,3 -39,6

Aircraft 3.154,3 1,5 -9,1 2.826,2 1,3 46,3 328,2 -78,7

Other capital goods 18.632,9 8,9 -1,0 20.063,7 8,9 6,4 -1.430,7 -5.575,7

Engines 1.582,6 0,8 -0,1 1.434,3 0,6 16,6 148,3 -58,1

Electrical machinery 9.094,5 4,3 -2,5 9.475,1 4,2 3,1 -380,6 -395,1

Precision equipment 1.846,7 0,9 10,5 4.304,7 1,9 8,3 -2.458,0 -6,6

Other 6.109,2 2,9 -2,3 4.849,6 2,2 8,9 1.259,6 -29,9

Vehicles 37.858,8 18,0 7,4 31.147,0 13,8 4,4 6.711,8 24,1 Cars and motorcycles 27.354,4 13,0 9,7 14.555,3 6,5 12,9 12.799,1 6,3

Parts and accessories 10.504,5 5,0 1,9 16.591,8 7,4 -2,1 -6.087,3 8,3

Durable goods 3.593,9 1,7 8,4 6.345,3 2,8 8,6 -2.751,3 -8,8 Electrical appliances 982,4 0,5 -2,5 1.781,0 0,8 7,3 -798,6 -22,4

Consumer electronics 444,5 0,2 28,7 1.546,5 0,7 12,3 -1.102,1 -6,8

Furniture 1.714,2 0,8 11,2 2.415,1 1,1 9,2 -701,0 -4,6

Other durable goods 452,9 0,2 8,0 602,6 0,3 1,4 -149,7 14,4

Consumption goods 21.387,0 10,2 5,5 29.241,0 13,0 6,4 -7.854,0 -8,9 Textiles 12.890,6 6,1 8,1 17.214,4 7,6 8,0 -4.323,7 -7,6

Garment 9.591,3 4,6 8,7 13.391,4 5,9 8,5 -3.800,1 -8,0

Footwear 2.430,9 1,2 -8,3 2.547,8 1,1 6,5 -116,9 -145,2

Toys 868,2 0,4 7,3 1.946,0 0,9 18,4 -1.077,8 -29,2

Other consumption goods 5.197,2 2,5 6,1 7.532,8 3,3 0,2 -2.335,6 10,9

Other 3.519,4 1,7 -49,2 1.036,6 0,5 33,0 2.482,8 -59,6

TOTAL 210.292,0 100,0 0,9 225.352,8 100,0 -1,6 -15.060,7 26,6

Source: Evaluation Department (Secretariat of State for Trade), data from Spanish Customs Department (Tax Agency)

13

Executive Summary International Trade Report. October 2016

Geographic breakdown - October 2016

EXPORTS IMPORTS BALANCE

Million € % share y-o-y (%) Million € % share y-o-y (%) Million € y-o-y (%)

EUROPE 15.679,7 71,9 -0,9 14.716,2 62,3 -3,5 963,5 67,3 EUROPEAN UNION * 14.316,8 65,7 -2,0 13.428,2 56,8 -3,2 888,6 20,8

EURO AREA 11.231,6 51,5 -0,4 10.683,8 45,2 -3,6 547,8 173,6

Austria 182,7 0,8 -1,2 173,4 0,7 -0,4 9,3 -13,4

Belgium 694,0 3,2 13,6 630,3 2,7 4,0 63,7 1.269,0

Cyprus 18,0 0,1 -3,4 1,3 0,0 -0,8 16,7 -3,6

Estonia 14,5 0,1 -26,6 5,3 0,0 16,9 9,2 -39,6

Finland 72,6 0,3 -15,1 97,2 0,4 -9,8 -24,6 -10,3

France 3.250,7 14,9 -1,7 2.515,8 10,6 -4,2 734,9 7,8

Germany 2.394,8 11,0 -2,3 3.162,6 13,4 -4,6 -767,7 11,2

Greece 180,6 0,8 -1,0 47,3 0,2 -13,9 133,3 4,6

Ireland 173,2 0,8 40,4 224,1 0,9 -28,1 -50,9 73,0

Italy 1.792,8 8,2 -1,6 1.539,2 6,5 -1,7 253,7 -1,4

Latvia 17,4 0,1 -13,8 46,6 0,2 358,2 -29,2 -393,4

Lithuania 30,9 0,1 2,4 33,0 0,1 -7,6 -2,1 61,5

Luxembourg 23,7 0,1 9,0 38,7 0,2 -4,1 -15,0 19,4

Malta 30,7 0,1 29,4 4,6 0,0 -14,3 26,1 42,2

Netherlands 640,5 2,9 -4,0 1.079,3 4,6 2,8 -438,8 -14,6

Portugal 1.589,5 7,3 1,7 882,2 3,7 -8,9 707,3 18,8

Slovakia 75,8 0,3 -1,2 166,4 0,7 -0,1 -90,5 -0,9

Slovenia 49,1 0,2 -28,9 36,5 0,2 5,5 12,6 -63,5

REST OF EU 3.085,2 14,1 -7,2 2.744,4 11,6 -1,7 340,8 -36,4

Bulgaria 134,8 0,6 11,4 56,5 0,2 -16,2 78,2 46,1

Croatia 34,2 0,2 -2,6 7,1 0,0 -19,1 27,1 2,9

Czech Republic 180,8 0,8 -12,2 371,3 1,6 6,6 -190,5 -33,9

Denmark 122,8 0,6 -19,1 153,8 0,7 10,7 -31,0 -339,3

Hungary 141,5 0,6 17,4 224,0 0,9 -13,7 -82,5 40,6

Poland 436,2 2,0 -6,8 508,1 2,1 32,7 -72,0 -184,5

Romania 192,1 0,9 -6,4 195,0 0,8 41,9 -2,9 -104,3

Sweden 182,6 0,8 -10,4 182,3 0,8 -9,4 0,3 -87,7

United Kingdom 1.458,2 6,7 -10,3 898,8 3,8 -16,4 559,4 1,7

REST OF EUROPE 1.362,9 6,3 12,2 1.288,0 5,4 -6,3 74,9 146,9 Norway 123,0 0,6 45,7 94,1 0,4 -55,7 28,9 122,6

Russia 141,3 0,6 -3,1 288,9 1,2 3,9 -147,5 -11,7

Switzerland 318,4 1,5 -13,7 329,7 1,4 5,8 -11,3 -119,7

Turkey 491,1 2,3 18,3 441,4 1,9 7,6 49,7 846,9

AMERICA 2.155,5 9,9 -10,9 2.535,2 10,7 7,1 -379,7 -849,9 NORTH AMERICA 995,6 4,6 -10,9 1.284,6 5,4 18,5 -289,0 -976,8

Canada 111,3 0,5 -7,8 135,4 0,6 33,9 -24,1 -223,2

USA 884,0 4,1 -11,2 1.148,5 4,9 16,9 -264,5 -2.043,1

LATIN AMERICA 1.142,3 5,2 -11,4 1.208,7 5,1 -1,1 -66,5 -200,3 Argentina 78,6 0,4 -36,9 143,0 0,6 -24,6 -64,4 1,0

Brazil 161,6 0,7 -16,3 191,2 0,8 -16,3 -29,6 16,2

Chile 115,4 0,5 0,0 102,5 0,4 -19,3 12,9 211,9

Mexico 339,5 1,6 -6,6 332,2 1,4 11,0 7,3 -88,7

Venezuela 14,6 0,1 -50,3 3,2 0,0 -90,6 11,4 327,1

REST OF AMERICA 17,6 0,1 45,1 41,9 0,2 -30,9 -24,3 49,9

ASIA 2.116,3 9,7 2,5 4.530,1 19,2 6,1 -2.413,8 -9,5 ASIA (exc. Middle East) 1.405,2 6,4 10,4 3.870,3 16,4 3,6 -2.465,0 -0,1

China 470,0 2,2 21,8 2.109,8 8,9 3,2 -1.639,8 1,1

Hong-Kong. China 82,4 0,4 12,1 21,3 0,1 20,6 61,1 9,4

India 107,7 0,5 -1,3 274,9 1,2 9,7 -167,2 -18,2

Indonesia 39,7 0,2 -16,3 129,1 0,5 -0,3 -89,4 -9,0

Japan 215,1 1,0 13,5 311,8 1,3 9,3 -96,7 -1,1

Philippines 36,5 0,2 5,0 21,8 0,1 50,4 14,8 -27,4

Singapore 49,4 0,2 19,6 39,9 0,2 32,6 9,5 -15,3

South Korea 130,2 0,6 -30,9 178,4 0,8 3,6 -48,3 -398,2

Taiwan 37,7 0,2 8,9 80,8 0,3 -11,2 -43,2 23,5

MIDDLE EAST 711,0 3,3 -10,2 659,8 2,8 23,5 51,3 -80,1 Saudi Arabia 184,6 0,8 -10,3 300,5 1,3 32,6 -115,9 -456,2

United Arab Emirates 160,8 0,7 -4,5 16,0 0,1 -53,2 144,9 7,9

AFRICA 1.436,7 6,6 -0,7 1.790,0 7,6 -13,8 -353,3 43,9 Algeria 250,0 1,1 -0,6 337,1 1,4 -44,2 -87,1 75,3

Egypt 110,8 0,5 15,2 76,2 0,3 181,1 34,6 -49,9

Morocco 655,5 3,0 3,9 530,9 2,2 21,6 124,6 -35,9

Nigeria 15,1 0,1 -52,1 226,6 1,0 -53,5 -211,5 53,6

South Africa 111,2 0,5 14,9 87,2 0,4 8,0 23,9 50,1

OCEANIA 144,2 0,7 5,2 68,6 0,3 -32,0 75,7 108,2 Australia 117,3 0,5 2,1 43,4 0,2 -39,7 74,0 72,0

OTHER (**) 274,4 1,3 -3,0 0,4 0,0 -23,5 274,0 -2,9

WORLD 21.806,8 100,0 -1,6 23.640,4 100,0 -1,7 -1.833,6 2,9 Pro memoria:

TOTAL NON EU 7.490,0 34,3 -1,0 10.212,3 43,2 0,2 -2.722,2 -3,7 TOTAL NON EURO AREA 10.575,2 48,5 -2,9 12.956,7 54,8 -0,2 -2.381,5 -14,0 OECD 16.713,6 76,6 -2,0 16.130,3 68,2 -2,2 583,3 2,5 ASEAN 269,3 1,2 17,8 588,9 2,5 10,0 -319,6 -4,2 MERCOSUR 300,7 1,4 -23,5 384,0 1,6 -20,4 -83,2 7,0 OPEC 817,1 3,7 -3,7 1.379,9 5,8 -25,9 -562,8 44,5

Source: Evaluation Dept. (Sec.of State for Trade), data from Spanish Customs Dept. (Tax Agency). ** Mainly provisioning outside the EU

* Total EU is higher than the sum of its members as a result of including provisioning and fishing occurred between Member States

14

Executive Summary International Trade Report. October 2016

Geographic breakdown - January to October 2016

EXPORTS IMPORTS BALANCE

Million € % share y-o-y (%) Million € % share y-o-y (%) Million € y-o-y (%)

EUROPE 151.649,4 72,1 3,1 141.270,7 62,7 1,3 10.378,7 37,0 EUROPEAN UNION * 139.568,4 66,4 3,3 128.709,8 57,1 1,2 10.858,6 35,5

EURO AREA 108.708,4 51,7 3,2 103.091,7 45,7 1,7 5.616,7 41,6

Austria 1.843,3 0,9 10,7 1.823,6 0,8 10,2 19,7 85,9

Belgium 6.457,9 3,1 19,2 5.855,6 2,6 -0,2 602,3 233,8

Cyprus 202,8 0,1 -9,3 15,8 0,0 16,7 186,9 -11,0

Estonia 177,1 0,1 -0,5 72,3 0,0 -29,8 104,9 39,7

Finland 875,5 0,4 17,2 927,5 0,4 8,0 -52,0 53,4

France 31.798,9 15,1 -2,8 25.243,9 11,2 2,0 6.554,9 -17,4

Germany 23.758,5 11,3 5,5 30.389,0 13,5 2,1 -6.630,5 8,4

Greece 1.477,6 0,7 -12,3 420,4 0,2 -15,7 1.057,2 -10,9

Ireland 1.496,1 0,7 35,1 2.338,8 1,0 -12,6 -842,7 46,3

Italy 16.828,2 8,0 8,1 14.802,2 6,6 3,7 2.026,0 56,0

Latvia 154,2 0,1 -5,9 110,6 0,0 51,7 43,7 -52,1

Lithuania 304,5 0,1 -3,1 233,0 0,1 -10,9 71,6 35,1

Luxembourg 231,8 0,1 -2,9 399,0 0,2 11,0 -167,2 -38,5

Malta 251,4 0,1 -7,2 76,1 0,0 65,7 175,3 -22,1

Netherlands 6.646,6 3,2 1,0 9.552,4 4,2 1,2 -2.905,8 -1,6

Portugal 15.079,5 7,2 1,1 8.823,1 3,9 -1,5 6.256,4 5,0

Slovakia 759,1 0,4 16,8 1.650,7 0,7 12,6 -891,6 -9,2

Slovenia 365,6 0,2 -7,3 357,7 0,2 15,5 7,8 -90,8

REST OF EU 864,7 0,4 -20,5 480,9 0,2 6,6 383,8 -39,7

Bulgaria 864,7 0,4 -20,5 480,9 0,2 6,6 383,8 -39,7

Croatia 316,5 0,2 11,7 70,3 0,0 -8,8 246,3 19,4

Czech Republic 1.829,0 0,9 9,6 3.299,3 1,5 8,7 -1.470,3 -7,6

Denmark 1.222,2 0,6 0,8 1.500,4 0,7 11,2 -278,2 -103,2

Hungary 1.282,2 0,6 12,2 2.179,0 1,0 -0,9 -896,8 15,1

Poland 4.008,9 1,9 -0,3 4.188,3 1,9 12,6 -179,4 -159,9

Romania 1.736,5 0,8 13,5 1.339,5 0,6 18,3 397,0 -0,3

Sweden 1.818,7 0,9 -0,9 1.823,9 0,8 -6,8 -5,2 95,7

United Kingdom 16.137,9 7,7 6,7 9.173,6 4,1 -9,6 6.964,4 40,0

REST OF EUROPE 12.081,1 5,7 1,5 12.561,0 5,6 1,8 -479,9 -9,9 Norway 977,0 0,5 25,4 1.238,4 0,5 -19,5 -261,4 65,6

Russia 1.359,6 0,6 -5,8 2.617,7 1,2 -5,6 -1.258,2 5,5

Switzerland 3.364,1 1,6 3,9 2.953,0 1,3 15,8 411,0 -40,1

Turkey 4.339,8 2,1 3,7 4.238,7 1,9 7,3 101,1 -57,1

AMERICA 21.807,4 10,4 -7,2 22.928,5 10,2 -7,6 -1.121,1 14,0 NORTH AMERICA 10.548,4 5,0 -2,0 11.509,6 5,1 -1,3 -961,1 -6,9

Canada 1.247,9 0,6 7,4 985,5 0,4 14,1 262,4 -12,2

USA 9.290,4 4,4 -3,2 10.518,5 4,7 -2,2 -1.228,0 -6,1

LATIN AMERICA 11.060,9 5,3 -11,3 11.107,1 4,9 -11,9 -46,2 67,1 Argentina 697,7 0,3 -39,7 1.232,1 0,5 12,4 -534,4 -975,0

Brazil 1.886,3 0,9 -19,3 2.560,7 1,1 -3,5 -674,3 -112,8

Chile 1.161,6 0,6 3,0 1.160,4 0,5 -8,7 1,2 100,9

Mexico 3.309,2 1,6 -6,8 2.682,6 1,2 -15,7 626,6 69,9

Venezuela 183,6 0,1 -42,1 149,6 0,1 -77,8 33,9 109,5

REST OF AMERICA 198,1 0,1 -24,2 311,8 0,1 -40,5 -113,7 56,8

ASIA 19.791,6 9,4 0,4 44.179,3 19,6 1,5 -24.387,7 -2,4 ASIA (exc. Middle East) 12.901,6 6,1 3,8 38.523,9 17,1 2,4 -25.622,3 -1,8

China 4.170,1 2,0 12,8 19.884,5 8,8 1,1 -15.714,4 1,6

Hong-Kong. China 767,7 0,4 8,1 209,0 0,1 6,1 558,7 8,8

India 1.034,1 0,5 -2,0 2.852,2 1,3 9,2 -1.818,1 -16,7

Indonesia 328,7 0,2 -20,8 1.391,7 0,6 3,4 -1.063,0 -14,1

Japan 2.035,8 1,0 0,0 3.023,8 1,3 13,6 -988,0 -58,0

Philippines 303,1 0,1 -4,7 174,4 0,1 -0,7 128,7 -9,6

Singapore 463,3 0,2 3,9 263,6 0,1 -16,0 199,7 51,3

South Korea 1.317,7 0,6 -11,1 1.922,8 0,9 -0,9 -605,0 -32,2

Taiwan 402,5 0,2 -3,1 877,5 0,4 2,3 -475,1 -7,5

MIDDLE EAST 6.890,0 3,3 -5,5 5.655,4 2,5 -4,7 1.234,6 -9,3 Saudi Arabia 1.975,4 0,9 -23,9 2.428,2 1,1 -18,4 -452,9 -18,8

United Arab Emirates 1.460,6 0,7 -2,4 292,7 0,1 -24,8 1.167,9 5,5

AFRICA 13.306,1 6,3 -1,1 16.341,2 7,3 -19,8 -3.035,1 56,1 Algeria 2.450,9 1,2 -6,5 3.788,1 1,7 -30,9 -1.337,3 53,2

Egypt 1.163,3 0,6 1,3 592,2 0,3 57,1 571,1 -26,0

Morocco 5.682,0 2,7 13,6 4.623,0 2,1 13,0 1.059,0 16,2

Nigeria 185,2 0,1 -29,0 2.582,8 1,1 -34,6 -2.397,7 35,0

South Africa 941,8 0,4 -11,9 733,3 0,3 -7,8 208,5 -23,8

OCEANIA 1.331,6 0,6 -20,0 626,1 0,3 -8,3 705,5 -28,2 Australia 1.119,2 0,5 -20,9 374,9 0,2 -14,0 744,3 -24,0

OTHER (**) 2.405,9 1,1 -20,6 6,9 0,0 -91,4 2.399,0 -18,7

WORLD 210.292,0 100,0 0,9 225.352,8 100,0 -1,6 -15.060,7 26,6 Pro memoria:

TOTAL NON EU 70.723,7 33,6 -3,5 96.643,0 42,9 -5,1 -25.919,3 9,2 TOTAL NON EURO AREA 101.583,7 48,3 -1,4 122.261,1 54,3 -4,2 -20.677,4 15,6 OECD 163.717,8 77,9 2,8 154.781,7 68,7 0,9 8.936,1 51,9 ASEAN 2.380,6 1,1 -1,3 5.847,8 2,6 4,5 -3.467,2 -9,0 MERCOSUR 3.107,9 1,5 -24,4 4.153,8 1,8 -10,5 -1.046,0 -96,1 OPEC 7.898,8 3,8 -13,5 13.211,4 5,9 -26,7 -5.312,6 40,3

Source: Evaluation Dept. (Sec.of State for Trade), data from Spanish Customs Dept. (Tax Agency). ** Mainly provisioning outside the EU

* Total EU is higher than the sum of its members as a result of including provisioning and fishing occurred between Member States

15

Executive Summary International Trade Report. October 2016

Oct Last 12 Jan-Oct Oct Last 12 Jan-Oct

2016 months 2016 2016 months 2016

Spain -1,6 1,8 0,9 -1,7 -0,3 -1,6

Germany -4,1 1,1 0,3 -2,2 0,4 -0,5

France (1) -8,2 -1,1 -2,2 -5,0 -0,4 -1,3

Italy -2,2 0,9 0,2 -1,6 -1,7 -2,8

Euro Area (2) -4,0 0,4 -0,4 -3,3 -0,6 -1,5

United Kingdom 6,7 -3,1 -3,2 5,0 9,7 12,7

European Union (28) (3) -4,5 -0,2 -1,2 -4,5 0,1 -0,7

USA -1,2 -5,6 -4,6 -1,5 -4,3 -3,8

China -7,6 -6,4 -6,9 -1,3 -7,6 -7,4

Japan -10,3 -8,7 -9,3 -16,5 -17,1 -17,8

n.a.: not available when this report was prepared

(3) Includes both extra and intra EU transactions

Source: Evaluation Department (Secretariat of State for Trade), from provisional national data in selected countries

Exports and imports growth in selected economies (y-o-y %)

EXPORTS IMPORTS

(2) Includes both extra and intra EA transactions

(1)Excluding military equipment