Thursday, February 9, 2017

Exports increased by 0.9% in 2016 – Express

In the fourth quarter of 2016, the exports increased by 4.9% and imports increased by 6.4% compared to the same period last year, according to the International Trade Statistics published this Thursday by the National Statistics Institute (INE). So, closed the accounts for 2016, exports of goods increased by only 0.9% over the year , “which represents a deceleration compared to the increase of 3.7% recorded in 2015″, points out the report.

imports of goods, in turn, increased by 1.2% in the last year, which also represents a slowdown, though to a lesser extent”, because in 2015 increased 2.2%.

Thus, the trade deficit reached 10.766 million euros in the past year: increased by eur 281 million compared to the previous year.

according To the data of the INE, were the products ‘Fuels and lubruficantes’ who pushed the slowdown. Excluding this category, exports and imports grew by 2.4% and 4.8% in 2016, respectively (in 2015, the increases were 4.3% and 7.0%). In this case, the trade deficit stood at 7.641 million, which represents an increase of 1.405 million over the 2015.


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