MADRID / SANTA CRUZ DE TENERIFE, Aug 18 (EUROPA PRESS) -.
Canary Exports fell 7.9 percent in the first half, up to the amount of 1,247.7 million, which places the archipelago as the second region with the greatest decline, only behind Madrid (-13.8%), as reported by trade exteriro the Ministry of Economy and Competitiveness. .
The province of Santa Cruz de Tenerife is the main culprit for this fall, with a drop of 16.5 percent, while the province of Las Palmas experienced a cut much lower, 3.9 percent.
Imports also fell in the first half, up 22.6 percent to 1913.7 million euros, making the Canaries in the region that recorded the biggest drop, especially by the decline in imports into the province of Tenerife (-39.7%) versus the increase of the province of Las Palmas, 7.3 percent.
In June, exports decreased by 7 percent over the same month last year, to the amount of 193.8 million euros, putting the archipelago as the third largest region fall behind Galicia (-10.3%) and Madrid (-22.3%), as
By provinces, was the Santa Cruz de Tenerife the largest contributor to the fall in exports, a drop of 23 percent, while the province of Las Palmas experienced a cut of 0.9 percent.
In June, imports into the islands also fell 20.9 percent to 329.4 million euros, mainly by the decrease in the province of Tenerife (-39.5%), which contrasts with the increase of the province of Las Palmas, 23.3 percent.
NATIONAL DATA
At the national level, the trade deficit amounted to 11,882.4 million euros in the first six months of the year, representing more than two-fold increase on the same period last year (EUR 5.824 million).
This national figure is because imports increased 5.3 percent through June and totaled 131,147.7 million, while exports grew by only 0.5 percent, though they totaled 119,265.3 million euros, a new record since records began (1971).
In real terms, imports increased by 8.1 percent to descend by their approximate values of Unitarians Price Indices (UTIs ) 2.6 percent. According to Economy, boosting domestic demand is driving the economic recovery “by far” the growth of imports. Meanwhile, exports advanced 0.9 percent in real terms after declining 0.4 percent the export prices measured by the UTI.
In any case, Spanish exports exceeded conduct of the French (-1.8%) and UK (-14.7%) exports, but were below the German (+ 2.4%). Outside the EU, exports from the United States grew by 2.9 percent, while Japan continued their growth (+ 3.2%) in the first half.
Regional Economy highlights Spanish exports gained momentum in the second quarter after a first quarter “weaker”, registering an increase of 4.2 percent on-quarter.
Between January and June, the surplus energy not stood at 8416.7 million and the energy deficit declined by 3.5 percent to 20,299.1 million euros. The coverage rate stood at 90.9 percent, 4.4 lower than the same period last year (95.3%) points.
According to the Ministry, in the first six months the year a slowdown in demand for non-EU countries, caused by the weakness of some emerging economies and the appreciation of the euro, “which urged Spain sales outside the monetary union” appreciated.
So, exports to third countries decreased by 3.1 percent year on year and accounted for 36.4% of the total. However, he highlighted the growth in exports to South Korea (+ 85.5% yoy), Japan (+ 26.5%) and Mexico (+12%), which exports boosting joined United States (+12.3%).
Meanwhile, exports to the European Union increased 2.6 percent (4.7% in 2013), which were destined Eurozone rose 3 percent (3.1% in the same period of 2013) and to the rest of the European Union grew by 1 percent, compared to 10.6 percent of 2013.
These increases were reflected in the weight of intra-EU exports, which reached 63.6 percent of the total in the first six months of the year, up 62.3 percent from the same period last year.
In terms of contribution to the rate of change of total exports, the main destinations worldwide were Portugal (explained 0.6 percentage points of the increase in exports, especially associated with cars and motorcycles), Germany (0.6 points, linked mainly cars and bikes and road transport), United States (0.5 points) and the Netherlands (0.4 points).
FOOD AND DRINKS.
From a sectoral perspective, emphasizes, in Economics, the good performance of food, beverages and snuff industry, whose exports rose 5.7 percent in the first half and accounted for 15.8 cent.
Similarly, projecting the automotive sector, which increased its export sales by 5.5 percent and accounted for 15.2 percent of the total, and manufactured consumer goods, which The rose 4.3 percent and accounted for 8.7 percent of the total.
So, in terms of contributions to the growth of exports, the sector food, beverages and snuff contributed nine tenths the automobile industry did with eight tenths and manufactures consumer with four.
As regards imports, highlighted the growth of 11.2 percent of purchases goods sector team, reflecting, according to the Ministry, the “nascent recovery in economic activity” and investment.
In particular, increased imports of machinery and equipment (13.7%) and transport equipment (12.5%). Meanwhile, the automotive sector continued to increase its foreign purchases, an increase of 23.6% from January to June.
Therefore, in terms of contribution to import growth sector stressed the car, with 2.4 points, distributed between cars and motorcycles (1.3 points) and automotive components (1.1 points).
1.477 MILLION DEFICIT IN JUNE.
By region, the region that saw more export growth in the first half was Valencia, who contributed 0.7 points of the increase in exports. Its exports accounted for 10.7 percent of the total, rose 7.3 percent year on year.
Secondly stood Basque Country, which also contributed 0.5 points. In this case, exports accounted for 9.2 percent of the total and grew by 5.4 percent.
Also with 0.5 points contribution is Catalonia (25% of total exports grew by 1.8%), whereas 0.4 points lower Castilla y Leon and Navarra with 0.3 points.
In the month of June, the trade balance recorded a deficit of 1,477 million euros and the coverage rate stood at 93.3 per cent, lower than 6.2 June 2013 In the sixth month of the year points, exports fell 1.2 percent from the same month 2013, to 20,601.3 million euros, while imports rose 5.4 percent and reached 22,078.3 million.
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