Spain's Trade Deficit Narrowed in September

  • Spain
  • 19 November 2024
1

Spain's foreign trade deficit narrowed in September compared to a year ago after exports grew faster than imports, data from Spain's economy ministry showed.

The trade deficit fell to 3.3 billion euros ($3.5 billion) in September, compared to 3.8 billion euros in the same month last year. The deficit stood at 4.8 billion euros in August.

Exports rose 1.9 percent year-on-year in September from 2.5 percent in August. Imports also rose by 0.1% in September compared to 3.2% in August. Exports and imports increased by 17.7% and 10.4% respectively year-on-year.

Source (Al-Arabiya.net Website, Edited)

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