Great news for Spain as it is confirmed that Spanish exports continue at record highs

Great news for Spain as it is confirmed that Spanish exports continue at record highs. Image: Avigator Fortuner /

According to Customs declared trade data, Spanish merchandise exports grew by 23.6 per cent in the period January-November 2022.

This figure is compared to the same period the previous year, reaching €357,111M, a record figure.

With regards to imports, they rose by 35.8 per cent to €420,714M, also a record high.

On Thursday, January 19, the Secretary of State for Trade, Xiana Mendez, pointed out, “November saw an upturn in exports, which grew more than imports in a context of a global slowdown in trade. The result is a notable containment of the deficit in November, which is halved compared to October and represents the lowest monthly value since September 2021”.

In volume terms, exports increased by 4.2 per cent, as prices, proxied by Unit Value Indices, rose by 18.6 per cent. Imports increased by 8.4 per cent, as prices grew by 25.2 per cent.

The year-on-year growth of Spanish exports between January and November (23.6 per cent) was higher than that recorded in the EU-27 (21.8 per cent) and the euro area (22.0 per cent). It was also higher than that recorded in Germany (14.7 per cent), France (20.3 per cent), Italy (20.5 per cent) and the United Kingdom (27.1 per cent). Outside Europe, sales also grew in the USA (18.8 per cent), China (11.9 per cent) and Japan (18.9 per cent).

Thank you for taking the time to read this article. Do remember to come back and check The Euro Weekly News website for all your up-to-date local and international news stories; remember, you can also follow us on Facebook and Instagram.

FacebookTwitterRedditWhatsAppTelegramLinkedInEmailCopy Link
Go Back
Written by

Anna Ellis

Originally from the UK, Anna is based on the Costa Blanca and is a web reporter for The Euro Weekly News covering international and Spanish national news. Got a news story you want to share? Then get in touch at [email protected]