Tenerife Weekly
  • Home
  • About
  • El Diario
  • Diario de Avisos
  • El Dia
  • Europa Press
  • La Laguna
  • El Digital Sur
  • Atlantico
  • Press Releases
  • Essentials
  • Blog
  • Contact
No Result
View All Result
  • Home
  • About
  • El Diario
  • Diario de Avisos
  • El Dia
  • Europa Press
  • La Laguna
  • El Digital Sur
  • Atlantico
  • Press Releases
  • Essentials
  • Blog
  • Contact
No Result
View All Result
Tenerife Weekly
No Result
View All Result
Home Europa Press

The trade deficit in the Canary Islands rises by 31.5% until July, with 486 million

September 20, 2021
in Europa Press
Reading Time: 3 mins read
0
The trade deficit in the Canary Islands rises by 31.5% until July, with 486 million
4
SHARES
Share on FacebookShare on Twitter



SANTA CRUZ DE TENERIFE / MADRID, Sep 20 (EUROPA PRESS) –

The trade deficit reached 486 million euros in the first seven months of the year, representing an increase of 31.5% compared to the same period of the previous year, as reported by the Ministry of Industry, Commerce and Tourism.

The rise in the trade deficit until July is due to the 10.7% drop in exports, to 960.5 million euros. Imports, on their side, barely rose 0.1%, to 1,446.5 million euros.

At the national level, the trade deficit reached 6,995 million euros until last July, 11.2% less compared to the same period of the previous year, as reported by the Ministry of Industry, Commerce and Tourism.

This decrease is the consequence of the 21.7% increase in exports, to 179,529 million euros, registering a historical maximum for the period. Imports, on their side, rose somewhat less, 20.1%, to 186,524 million euros.

“The data from the last seven months show the great capacity for recovery of Spain’s foreign trade, especially in the case of exports of goods, which already exceed the levels prior to the pandemic,” said the Minister of Industry, Commerce and Tourism, Reyes Maroto, who added that the recovery of the Spanish economy is underway and this year a
positive contribution of the foreign sector to GDP.

According to Maroto, the shock plan to protect the Spanish export sector, which has mobilized more than 2,600 million euros, together with the Action Plan for the Internationalization of the Spanish Economy 2021-2022, are instruments that will allow the strengthening of foreign trade in the next few months.

In the first seven months of the year, the coverage rate – the ratio between exports and imports – stood at 96.2%, more than one point above the 94.9% in January-July 2020.

In terms of volume, exports increased by 15.9%, as prices, approximated by Unit Value Indices, increased by 5.0%.

The non-energy balance showed a surplus of 5,202 million euros, above the surplus of 1,142 million euros in the accumulated until July 2020, and the energy deficit increased by 35.2%, to 12,197 million euros (deficit of 9,022 million in 2020).

The interannual growth of Spanish exports between January and July (21.7%) is higher than that of the EU-27 (17.7%) and the euro zone (17.3%), as well as that registered in France (16 , 1%), Germany (16.1%) and the United Kingdom (9.2%). Outside of Europe, sales in the US (23.8%), China (24.5%) and Japan (25.1%) also grew.

The main positive contributions to the annual variation rate of exports from January to July 2021 came from the capital goods, chemical products, non-chemical semi-manufactured and automobile sectors.

Regarding imports, the main positive contributions in the January-July period came from the chemical products, capital goods, energy products and automobile sectors.

SALES TO THE EU AND THE EURO AREA GO UP

Exports to the European Union (61.7% of the total) rose by 24.1% in the first seven months of the year, while sales to the euro zone (54.5% of the total) rose by 25.1 % and those destined for the rest of the European Union (which are 7.2% of the total) increased by 16.7%.

Likewise, sales to third destinations (38.3% of the total) also grew by 18.1% in this period. The increases in exports to Oceania (40.1%), Latin America (23.9%), Asia excluding the Middle East (21.1%), Africa (20.5%), the Middle East (16%) and North America (14.3%).

The autonomous communities with the highest growth in exports were the Community of Madrid, the Principality of Asturias and Castilla-La Mancha. The only decrease was registered in the Canary Islands (-10.7%).



Source link

Related Posts

Seized a yacht with cocaine about 50 miles south of the Canaries, recovering 25 kilograms of the drug.
Europa Press

Seized a yacht with cocaine about 50 miles south of the Canaries, recovering 25 kilograms of the drug.

July 7, 2025
Clavijo Brands it “Indecent” for Regions Not to Aid Young Migrants; Warns of Potential Prosecutor Involvement
Europa Press

Clavijo Brands it “Indecent” for Regions Not to Aid Young Migrants; Warns of Potential Prosecutor Involvement

June 26, 2025
Torres Shifts Responsibility for Material Purchases to SCS and Assures No Recordings of His Wrongdoing Will Emerge
Europa Press

Torres Shifts Responsibility for Material Purchases to SCS and Assures No Recordings of His Wrongdoing Will Emerge

June 23, 2025
No Result
View All Result

Click Image to Join Community

Tenerife Forum Community

Previous News

Icod de los Vinos suspends the ‘Wine Festival’ due to heavy rain alert

Icod de los Vinos suspends the ‘Wine Festival’ due to heavy rain alert

2 years ago
The control of mouflons forces us to close spaces on Teide

The control of mouflons forces us to close spaces on Teide

2 years ago
Tenerife Man Arrested for Violent Robberies Involving Chemical Restraints

Tenerife Man Arrested for Violent Robberies Involving Chemical Restraints

5 months ago
The ULL publishes the call for 119 new teaching positions

The ULL publishes the call for 119 new teaching positions

2 years ago
The Teide dawns covered by a light layer of snow

The Teide dawns covered by a light layer of snow

4 years ago
Celebrating Sustainability: COA Launches ‘Architecture Week’ for a Healthier Future

Celebrating Sustainability: COA Launches ‘Architecture Week’ for a Healthier Future

9 months ago
No Result
View All Result

News Highlights

The Majorero Donkey Endures the Heat to Succeed in Aguere

Our Lady of Mount Carmel (and III)

The tram strike committee resumes negotiations with Metropolitano de Tenerife.

Sardà and Valdano Reflect on Maturity in a CaixaBank Discussion in Tenerife

The Leal Theatre presents a musical journey for all audiences this weekend.

Unions announce new meetings to resolve the employment dispute at the Tenerife Metropolitano.

Trending News

The Canary Sports Observatory: Rigorous and Accessible Data for Informed Decision-Making
Atlantico

The Canary Sports Observatory: Rigorous and Accessible Data for Informed Decision-Making

by Admin
July 18, 2025
0

Sport management in the Canary Islands is gearing up for a significant leap. This is not just...

The giant Zamna reveals its lineup of artists for the upcoming launch in Tenerife.

The giant Zamna reveals its lineup of artists for the upcoming launch in Tenerife.

July 18, 2025
Can La Palma Have Its First Geothermal Power Station? Here Are the Areas Being Investigated

Can La Palma Have Its First Geothermal Power Station? Here Are the Areas Being Investigated

July 18, 2025
The Majorero Donkey Endures the Heat to Succeed in Aguere

The Majorero Donkey Endures the Heat to Succeed in Aguere

July 18, 2025
Our Lady of Mount Carmel (and III)

Our Lady of Mount Carmel (and III)

July 18, 2025
Tenerife Weekly

© 2025 Tenerife Weekly

Navigate Site

  • Tenerife Forum
  • Tenerife Travel Shop
  • Ask Tenerife
  • Guide
  • Adobe
  • Linkedin
  • Privacy Policy
  • Contact

Follow Us

No Result
View All Result
  • Home
  • About
  • El Diario
  • Diario de Avisos
  • El Dia
  • Europa Press
  • La Laguna
  • El Digital Sur
  • Atlantico
  • Press Releases
  • Essentials
  • Blog
  • Contact

© 2025 Tenerife Weekly