Spain Jan-Aug trade deficit narrows 45% year-on-year
Oct 19 (Reuters) - Spain's trade deficit narrowed 45% in the first eight months of 2023 from the same period a year earlier, to 25.76 billion euros ($27.15 billion) as it imported less oil and natural gas, the country's industry ministry said on Thursday.
Imports over the period fell 5.4% to 282.33 billion euros, while exports rose 1.8% to 256.57 billion euros, the ministry said.
|
Advertisement: The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business. |
The value of energy imports, mainly oil and natural gas, fell 32% in the first eight months of the year compared with the same period a year ago as Spain bought 18% less in volume at prices 16% cheaper.
Other imports during the period rose 1.4% from the same period a year ago.