Large jump in Spanish balance of trade defecit

Large jump in Spanish balance of trade defecit
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By h.b. - Jun 26, 2008 - 7:11 AM
The difference between imports and exports rose by 16 percent over the first four months of the year.

The Commercial Deficit in Spain, the difference between imports and exports, jumped to 34.9 billion € over the first four months of the year, up 16.3%, according to data from the Ministry for Industry, Tourism and Trade.

The increase is due in large part to the increased cost of petrol and energy products as exports reached 65.4 billion € and imports reached 100.3 billion €.

The data comes following the news that the current account surplus has fallen by 80% between January and May.

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