1. SPAIN trade deficit fell by 33.6% in 2012
The trade balance in 2012 reflects the increase in the competitiveness of the Spanish economy, with
growth in exports of 3.8% (over 220,000 million euros).
Spain, February 20, 2013 - The increased competitiveness of Spanish exports, thanks mainly to the
decline in unit labor costs, the increase in businesses that export (130,247, 12% more than in 2011) and
the orientation towards new markets, have led to the results Spanish trade balance are favorable in 2012.
In particular, exports of goods reached a total of 222,643.9 million-a 3.8% increase on 2011 - and
recorded the fastest rate of the time series starting in 1971. Through redirecting sales to new markets is
being achieved to reduce the vulnerability of Spanish exports , offsetting weak demand in the European
Union. Thus, sales have grown to Oceania (37%), Africa (30.6%), American (28.4%) and Asia (11.9%)
The main export sectors are capital goods, food, chemicals, automobiles and semi-manufactures. In
capital goods, include increases in recent months in foreign sales of rail transport equipment (+21.1%),
motors (+12.8%) and industry-specific machinery (+13%). In food exports have grown beverages
(+16.8%) and meat (+13.8%), also highlighting the progress of organic chemicals (+35.8%) and fertilizers
(+20%)
Caen imports:
Meanwhile, imports fell by 2.85% in 2012 , to 253,401.2 billion, with declines in general less purchases
of energy products because of the high dependence on foreign energy.
Overall, the significant reduction of the trade deficit by 33.6% annually through the 30,757.4 million
euros , is the main cause of the correction of the external imbalance, which is allowing to run surpluses in
current account since July 2012, according to latest figures from the Bank of Spain.
The coverage rate , the percentage of imports that we can pay our exports, reached maximum 87.86% , a
figure not seen since records there.

2. By region, despite the economic slowdown in the EU, the trade surplus has continued to grow in this
region in the year 2012 to reach a total of 12.571 million euros, more than tripling the 2011 (4059900000
in euros). With the euro zone trade surplus totaled 7,723.2 million euros, compared with a balance of
1660.2 million last year.
One very significant gains in our competitiveness is that in 2012 has been reduced by 57.2% the deficit
with the most competitive economy in the EU, Germany, while we have kept growing favorable balances
with France (EUR 9.471 million ), with the UK (3,828 million euros), Portugal (6,560 million euros),
Italy (914 million euros) or Austria (238 million euros).
Press Contact:
Sydney Hardison
Media Relations
Value Optimized Solutions Inc
441 Santaluz Path Austin, TX 78732
208-585-7344
mediarelations_prl@vos-us.com
http://www.vos-us.com