executive summary intenational trade report filenovember 2013. this fall was due to the decreasing...

GOBIERNODE ESPAÑA

MINISTERIODE ECONOMÍAY COMPETITIVIDAD

Execu t i ve SummaryIntenational Trade ReportExecu t i ve SummaryIntenational Trade Report

November2014

Paseo de la Castellana, 162. 28071 MadridTel.: 91 603 76 54www.mineco.es

NIPO: 720-15-018-7eNIPO: 720-15-017-1D.L.: M-2272-2014Papel:

Exterior: Estucado mate ecológico (70.102/250)Interior: Offset ecológico (70.100)

Impresión y maquetación:Centro de Impresión Digital y Diseño,Secretaría de Estado de Comercio.

Report prepared by the Evaluation Department of the Secretariat of State for Trade.Ministry of the Economy and Competitiveness.

Ana de Vicente Lancho

Cualquier forma de reproducción, distribución, comunicación pública o transformación de esta obra solo puede ser realizadacon la autorización de sus titulares, salvo excepción prevista por la ley. La Editorial, a los efectos previstos en el art.32.1párrafo 2 del vigente TRLPI, se opone expresamente a que cualquier fragmento de esta obra sea utilizado para la realizaciónde resúmenes de prensa. La suscripción a esta publicación tampoco ampara la realización de estos resúmenes. Dichaactividad requiere una licencia específica. Diríjase a CEDRO (Centro Español de Derechos Reprográficos) si necesitafotocopiar o escanear algún fragmento de esta obra, o si quiere utilizarla para elaborar resúmenes de prensa(www.conlicencia.com; 91 702 19 70 / 93 272 04 47).

Catálogo general de publicaciones oficialeshttp://publicacionesoficiales.boe.es

DIRECCIÓN EJECUTIVA

AMINISTERIODE ECONOMÍAY COMPETITIVIDADSUBSECRETARÍASECRETARÍA GENERAL TÉCNICASUBDIRECCIÓN GENERALDE ESTUDIOS, INFORMACIÓNY PUBLICACIONES

MINISTRY OF ECONOMY AND COMPETITIVENESS

SECRETARIAT OF STATE FOR TRADE EVALUATION DEPARTAMENT

2

Executive Summary International Trade Report. November 2014

3


EXECUTIVE SUMMARY

NOVEMBER 2014

In November 2014 Spain’s exports increased by 3.2% year-on-year in nominal term to 19,944.4

million euros, whereas imports grew by 2.0% to 21,499.6 million euros. In real terms, exports rose

by 4.5% as export prices fell by 1.3%, whereas imports increased by 4.3% as import prices dropped

by 2.2%.

In nominal terms on a month-on-month basis, exports and imports fell in November 2014 by 10.8%

and 12.6% respectively. With seasonally adjusted series, exports decreased by 0.2% while imports

remained stable.

Spain’s trade balance registered a deficit of 1,555.2 million euros, down from 1,759.2 million euros

deficit in November 2013. The export/import coverage ratio reached 92.8%, which is 1.1 percentage

points higher than in the same month of 2013 (91.7% in November 2013 with provisional data).

Non-energy trade surplus reached 938.3 million euros, down from 1,220.6 million euros surplus in

the same month of 2013. Energy trade deficit fell by 16.3% year-on-year to 2,493.5 million euros.

Exports to the European Union accounted for 64.7% of total exports, down from 66.2% reached in

November 2013. This fall was due to the decreasing weight in the euro area to 50.9% in November

2014 (52.5% in November 2013) since the weight of the rest of the European Union remained stable

at 13.7%. Exports to the European Union grew year-on-year by 0.8%, whereas exports to the euro

area rose by 0.2%.

Exports to non-EU countries accounted for 35.3% of total exports in November 2014 (33.8% in

November 2013), after they increased by 8.1% year-on-year. Some of the most significant rises by

region referred to exports to North America (50.9% year-on-year) and Asia (23.3% year-on-year).

The countries with major contributions to the annual rate of variation of Spain’s exports in

November 2014 (3.2%) were the United States (1.8 percentage points), Ecuador (0.6 points), Germany

(0.5 points) and Mexico (0.4 points). Conversely, the countries with the largest negative contributions

were Portugal (-2.0 points), Switzerland (-0.4 points) and Russia (-0.3 points).

Trade balance with the European Union registered in November 2014 a surplus of 687.3 million

euros (1,097.9 million in November 2013) and with the euro area a 608.7 million euros surplus (828.2

million in November 2013), confirming in both cases an uninterrupted trade surplus since January

2012. Trade deficit with the rest of the world decreased to 2,242.6 million euros (deficit of 2,857.1

million euros in November 2013). Trade balance with North America registered a 146.6 million euros

surplus in November 2014 compared to a 372.5 million deficit in the same month last year. Trade

deficit with Asia rose by 0.7% to 1,902.1 million euros and by 6.9% with Africa to 727.4 million euros

deficit. Trade balance with Oceania showed a 67.9 million euros surplus, down from a 73.6 million

surplus in the same month of the previous year.

The main exporting sectors were capital goods (this sector represented 19.8% of total exports and

increased by 1.6% year-on-year), vehicles (16.4% of total, it grew by 6.3%), food, beverages and

tobacco (16.3% of total, it increased by 2.3%) and chemical products (13.8% of total, it rose by 2.9%).

4


The sectors with the most positive contribution to the annual rate of variation of Spain’s exports in

November 2014 (3.2%) were vehicles (1.0 percentage points), consumption goods (0.8 points), semi-

manufactures (non-chemical) (0.6 points) and chemical products (0.4 points). The negative

contributions came from other goods (-0.6 points) and durable goods (-0.2 points). By subsectors,

the main positive contributions were those of cars and motorcycles (2.0 points), aircraft (0.7 points)

and railway transport equipment (0.5 points). On the contrary, the major negative contributions

corresponded to automotive parts and accessories (-1.0 points), road transport equipment (-0.9 points)

and ships (-0.4 points).

Among Spanish regions, the major contributions to Spanish exports’ growth were made by Andalucía

with 1.6 percentage points (10.9% of total exports, 16.8% growth), followed by País Vasco with 1.3

percentage points (9.6% of total exports, it rose by 14.6%). Cataluña´s exports (25.3% of total)

increased by 4.4%, Comunidad de Madrid’s (10.9% of total) decreased by 2.0%, Comunitat

Valenciana’s (11.3% of total) grew by 2.5%, and Galicia’s (7.4% of total) increased by 2.3%.

Compared to other geographical areas, Spain’s exports of goods increased by 3.2% in November

year-on-year, a higher increase rate than in the euro area (0.1%) and the European Union (1.3%),

whereas within the European Union, exports also grew in Germany (1.4%), France (1.2%) and

especially in the United Kingdom (8.5%). Outside the European Union, Japan’s exports expanded by

4.9% while those of the United States fell by 0.6%.

5


JANUARY – NOVEMBER 2014

Spain’s exports from January to November 2014 amounted to 220,682.3 million euros, 2.2% higher

than in the same period of 2013. Imports were up by 5.8% year-on-year, totaling 243,332.4 million

euros. In real terms, exports increased by 3.2%, as export prices fell by 0.9%, and imports rose by

8.4%, as import prices fell by 2.4%.

Spain’s trade deficit of 22,650.1 million euros was higher than in the same period of 2013, when it

amounted to 14,125.4 million euros. The export/import coverage ratio reached 90.7%, which is 3.2

percentage points lower than in the same period of 2013 (93.9%).

Non-energy trade balance recorded a 12,899.0 million euros surplus (23,818.7 million euros surplus

in January-November 2013), whereas energy trade deficit decreased by 6.3% year-on-year to reach

35,549.1 million euros.

Exports to the European Union accounted for 63.7% of total exports in January-November 2014, up

from 62.7% in the same period of 2013. This weight rise was due to the increasing weight in the euro

area to 49.9% (49.1% in the same period of 2013) as well as in the rest of the European Union to

13.7% (13.6% in the same period of 2013). Exports to the European Union and the euro area grew

by 3.8% and 3.9% year-on-year respectively. Exports to the rest of the world accounted for 36.3% of

total exports (37.3% in the same period of 2013), decreasing by 0.4% year-on-year. Outside the

European Union, it is worth noting the increase recorded in exports to North America (4.9% of total

exports, 21.2% growth) and to Asia excluding Middle East (6.3% of total exports, 15.0% growth).

In terms of contribution to the growth of total exports (2.2%), the main Spain’s exports destinations

were the United States (which accounted for 0.8 percentage points), Germany (0.6 points), South

Korea (0.4 points) and the United Kingdom (0.3 points). Conversely, the countries with the largest

negative contributions were Switzerland (-0.3 points), Australia (-0.2 points) and Brazil (-0.2 points).

Spain’s trade surplus with the European Union and with the euro area fell to 10,996.4 million

euros and to 6,227.2 million euros respectively, down from 17,147.6 and 10,869.3 million euros surplus

reached in the same period of the previous year.

Trade deficit with the rest of the world grew by 7.6% year-on-year to reach 33,646.5 million euros.

It is worth noting that the trade balance with North America changed to a 425.9 million euros surplus

in January-November 2014 compared to a 1,249.8 million deficit in the same period last year.

Moreover, there has been a 45.2% deficit reduction with Middle East to 1,050.7 million euros and a

1.8% trade deficit reduction with Africa to 10,915.5 million.

The main exporting sectors were capital goods (20.1% of total exports, although it fell by 1.0%),

food, beverages and tobacco (15.3% of total, it grew by 4.4%), vehicles (14.9% of total, it rose by

6.0%) and chemical products (14.2% of total, it expanded by 1.3%).

The main drivers by sector of Spain’s exports growth in the period January-November 2014 were

vehicles (this sector’s exports accounted for a contribution of 0.9 percentage points to the 2.2%

increase in total exports), food, beverages and tobacco (0.7 points), consumption goods (0.6 points)

and energy (0.4 points). The negative contributions by sector came from other goods (-0.3 points)

and capital goods (-0.2 points). By subsectors, the main contributions were those of cars and

motorcycles (0.9 percentage points), other food products (0.4 points) and gas (0.4 points). On the

6


contrary, the major negative contributions by subsectors corresponded to aircraft (-0.6 points), specific

purpose equipment (-0.5 points) and other semi-manufactures (-0.1 points).

Among Spanish regions, those that made the major contribution to global export growth (2.2%) were

País Vasco (contribution of 0.7 percentage points, 9.3% of total exports, 7.7% growth) and Cataluña

(contribution of 0.6 points, 25.1% of total exports, 2.4% growth). Andalucía’s exports (11.0% of total)

increased by 1.2%, Comunidad de Madrid’s (11.6% of total) fell by 9.4%, Comunitat Valenciana’s

(10.2% of total) grew by 5.5%, and Galicia’s (7.5% of total) decreased by 0.6%.

Compared to other geographical areas, Spain’s exports of goods recorded a growth rate of 2.2%

year-on-year in the period January-November 2014, performing better than the euro area (1.4%) and

the European Union (0.9%), whereas within the European Union, Germany´s exports also grew (3.4%),

while those of France and the United Kingdom fell (-0.8% and -11.7% respectively). Outside the

European Union, Japan’s exports increased by 4.0% and those of the United States by 2.9%.

7


STATISTICAL ANNEX

Key data

EXPORTS IMPORTS BALANCE COVERING

RATE

Million € %

m-o-m %

y-o-y Million €

% m-o-m

% y-o-y

Million € %

m-o-m %

y-o-y %

2008 189,227.9 2.3 283,387.8 -0.6 -94,159.9 5.9 66.8

2009 159,889.6 -15.5 206,116.2 -27.3 -46,226.6 50.9 77.6

2010 186,780.1 16.8 240,055.9 16.5 -53,275.8 -15.2 77.8

2011 215,230.4 15.2 263,140.7 9.6 -47,910.4 10.1 81.8

2012 226,114.6 5.1 257,945.6 -2.0 -31,831.0 33.6 87.7

2013 235,814.1 4.3 252,346.8 -2.2 -16,532.7 48.1 93.4

12 last months* 238,995.4 2.3 263,475.4 5.8 -24,480.1 -58.8 90.7

2008 (Jan-Nov) 189,227.9 2.3 283,387.8 -0.6 -94,159.9 5.9 66.8

2009 (Jan-Nov) 159,889.6 -15.5 206,116.2 -27.3 -46,226.6 50.9 77.6

2010 (Jan-Nov) 186,780.1 16.8 240,055.9 16.5 -53,275.8 -15.2 77.8

2011 (Jan-Nov) 215,230.4 15.2 263,140.7 9.6 -47,910.4 10.1 81.8

2012 (Jan-Nov) 226,114.6 5.1 257,945.6 -2.0 -31,831.0 33.6 87.7

2013 (Jan-Nov) 235,814.0 4.3 252,346.4 -2.2 -16,532.4 48.1 93.4

2014 (Jan-Nov)* 220,682.3 2.2 243,332.4 5.8 -22,650.1 -60.3 90.7

2008 (Nov) 14,670.0 -12.1 -13.4 19,558.7 -21.2 -22.4 -4,888.7 39.9 40.7 75.0

2009 (Nov) 14,087.9 -5.3 -4.0 18,839.4 -0.2 -3.7 -4,751.5 -18.8 2.8 74.8

2010 (Nov) 17,505.4 2.1 24.3 21,649.3 3.4 14.9 -4,143.9 -9.3 12.8 80.9

2011 (Nov) 18,808.8 4.0 7.4 22,941.9 6.9 6.0 -4,133.1 -22.5 0.3 82.0

2012 (Nov) 19,785.6 -5.4 5.2 21,359.4 -5.4 -6.9 -1,573.8 6.0 61.9 92.6

2013 (Nov) 19,176.5 -9.9 -3.1 21,219.2 -6.3 -0.7 -2,042.7 -50.1 -29.8 90.4

2014 (Nov)* 19,944.4 -10.8 3.2 21,499.6 -12.6 2.0 -1,555.2 30.6 11.6 92.8

2014*

January 18,434.4 0.7 3.1 21,252.7 5.5 -0.6 -2,818.3 -54.0 19.5 86.7

February 19,325.4 4.8 4.9 20,947.6 -1.4 6.9 -1,622.2 42.4 -37.0 92.3

March 20,632.6 6.8 1.7 22,686.5 8.3 15.4 -2,053.9 -26.6 -423.5 91.0

Q1 58,392.4 -1.2 3.2 64,886.8 1.3 7.0 -6,494.4 -31.3 -60.4 90.0

April 19,645.2 -4.8 -3.7 21,800.0 -3.9 -1.1 -2,154.8 -4.9 -31.2 90.1

May 20,626.4 5.0 -1.3 22,382.6 2.7 7.0 -1,756.2 1,138.7 6,295.4 92.2

June 20,601.3 -0.1 -1.2 22,078.3 -1.4 5.4 -1,477.0 15.9 -1,283.7 93.3

Q2 60,873.0 4.2 -2.0 66,261.0 2.1 3.7 -5,388.0 17.0 -203.3 91.9

July 21,584.8 4.8 8.7 23,411.5 6.0 13.4 -1,826.7 -23.7 -132.2 92.2

August 16,341.9 -24.3 -5.1 19,113.9 -18.4 0.5 -2,772.0 -51.7 -53.2 85.5

September 21,198.0 29.7 9.6 23,572.6 23.3 7.5 -2,373.7 14.4 8.2 89.9

Q3 59,124.7 -2.9 4.8 66,097.9 -0.2 7.3 -6,972.3 -29.4 -34.5 89.5

October 22,347.1 5.4 4.1 24,587.2 4.3 7.7 -2,240.1 5.6 -64.9 90.9

November 19,944.4 -10.8 3.2 21,499.6 -12.6 2.0 -1,555.2 30.6 11.6 92.8

* Provisional

Source: Evaluation Department (Secretariat of State for Trade), data from Spanish Customs Department (Tax Agency)

8


Sector breakdown - November 2014

EXPORTS IMPORTS BALANCE

Million € % share % y-o-y Million € % share % y-o-y Million € % y-o-y

Food, beverages and tobacco 3,251.8 16.3 2.3 2,323.2 10.8 3.3 928.6 -0.1

Meat products 419.6 2.1 -3.7 154.3 0.7 -2.0 265.3 -4.6

Fishery products 242.9 1.2 6.1 477.3 2.2 9.1 -234.4 -12.3

Fruits, vegetables and legumes 1,354.3 6.8 0.1 339.3 1.6 13.5 1,014.9 -3.7

Other food products 890.9 4.5 11.6 1,112.0 5.2 1.6 -221.1 25.2

Beverages 320.6 1.6 -5.3 139.6 0.6 -1.9 181.1 -7.8

Tobacco 23.5 0.1 -1.4 100.7 0.5 -15.0 -77.1 18.4

Energy 1,390.3 7.0 3.5 3,883.8 18.1 -10.1 -2,493.5 16.3

Oil and by-products 1,203.4 6.0 1.3 2,873.7 13.4 -14.9 -1,670.2 23.7

Gas 125.1 0.6 39.4 865.2 4.0 6.0 -740.1 -1.8

Coal and electricity 61.7 0.3 -5.3 144.9 0.7 11.4 -83.2 -28.3

Raw materials 437.9 2.2 11.0 815.7 3.8 23.5 -377.9 -42.0

Animals and vegetables 191.0 1.0 -8.0 210.5 1.0 -10.7 -19.5 30.6

Minerals 246.9 1.2 32.0 605.2 2.8 42.4 -358.3 -50.5

Semi-manuf. (non-chem.) 2,067.7 10.4 6.3 1,437.7 6.7 -0.8 630.1 27.0

Non-ferrous metals 370.3 1.9 15.1 262.0 1.2 -10.7 108.2 285.1

Iron and steel 705.9 3.5 13.9 527.5 2.5 7.4 178.4 38.8

Paper 263.8 1.3 -2.6 269.8 1.3 -3.2 -6.0 23.9

Ceramic and associated 261.3 1.3 8.6 49.6 0.2 14.1 211.7 7.4

Other semi-manufactures 466.5 2.3 -5.4 328.8 1.5 -4.2 137.7 -8.3

Chemical products 2,752.5 13.8 2.9 3,166.4 14.7 0.3 -413.9 14.2

Organic 300.3 1.5 -2.0 630.2 2.9 -7.4 -329.9 11.7

Inorganic 75.4 0.4 15.0 141.8 0.7 -15.9 -66.4 35.6

Medicines 888.5 4.5 8.4 963.3 4.5 -0.3 -74.7 48.9

Plastics 723.1 3.6 0.8 691.8 3.2 5.9 31.3 -51.1

Fertilizers 49.0 0.2 -12.3 74.7 0.3 8.3 -25.7 -95.9

Tanning or dyeing extracts 162.7 0.8 1.2 112.7 0.5 9.9 50.0 -14.0

Essential and perfume oils 326.6 1.6 0.7 267.2 1.2 23.8 59.3 -45.3

Other chemical products 227.0 1.1 1.3 284.8 1.3 -5.4 -57.8 24.9

Capital goods 3,945.3 19.8 1.6 4,201.6 19.5 8.3 -256.3 -5,671.8

Equipment for industry 1,079.0 5.4 -0.9 1,068.4 5.0 11.5 10.6 -91.8

Specific purpose 366.6 1.8 -7.1 331.3 1.5 9.5 35.2 -61.8

General purpose 712.4 3.6 2.7 737.1 3.4 12.4 -24.6 -165.5

Office and telecom. Equipment 227.2 1.1 -0.3 1,095.2 5.1 7.1 -868.0 -9.2

Office 78.2 0.4 -20.4 466.3 2.2 4.6 -388.1 -11.7

Telecommunication 149.1 0.7 15.0 628.9 2.9 8.9 -479.8 -7.2

Transport equipment 992.6 5.0 -2.6 367.4 1.7 -4.0 625.2 -1.7

Railway 183.9 0.9 106.4 15.4 0.1 -31.0 168.4 152.5

Road 457.8 2.3 -28.3 214.7 1.0 -0.7 243.1 -42.4

Ships 45.9 0.2 -63.9 10.0 0.0 -35.6 35.9 -67.8

Aircraft 305.1 1.5 85.9 127.3 0.6 -1.2 177.8 403.3

Other capital goods 1,646.4 8.3 6.4 1,670.5 7.8 10.4 -24.2 -170.8

Engines 91.0 0.5 -22.4 127.9 0.6 92.6 -36.9 -172.5

Electrical machinery 852.5 4.3 7.5 796.4 3.7 7.8 56.1 3.8

Precision equipment 174.5 0.9 36.0 350.5 1.6 5.7 -176.0 13.5

Other 528.4 2.6 3.8 395.8 1.8 5.1 132.6 0.0

Vehicles 3,269.4 16.4 6.3 2,743.3 12.8 4.9 526.1 13.8

Cars and motorcycles 2,384.2 12.0 18.8 1,067.7 5.0 17.8 1,316.5 19.7

Parts and accessories 885.2 4.4 -17.3 1,675.6 7.8 -1.9 -790.4 -23.9

Durable goods 260.4 1.3 -13.6 569.4 2.6 11.4 -309.0 -47.6

Electrical appliances 56.0 0.3 -44.2 164.7 0.8 14.5 -108.8 -149.4

Consumer electronics 28.9 0.1 6.5 170.8 0.8 8.3 -141.8 -8.6

Furniture 137.5 0.7 3.8 180.3 0.8 11.7 -42.8 -48.2

Other durable goods 38.0 0.2 -8.6 53.5 0.2 12.0 -15.6 -148.5

Consumption goods 1,814.3 9.1 9.7 2,292.4 10.7 5.4 -478.1 8.5

Textiles 1,066.1 5.3 10.6 1,297.5 6.0 7.5 -231.4 4.5

Garment 745.5 3.7 10.9 986.8 4.6 7.2 -241.3 2.8

Footwear 176.6 0.9 16.2 165.5 0.8 18.1 11.1 -7.2

Toys 92.7 0.5 9.7 149.1 0.7 -22.3 -56.4 47.5

Other consumption goods 478.9 2.4 5.9 680.2 3.2 6.8 -201.4 -9.0

Other 754.7 3.8 -13.2 66.1 0.3 9.6 688.7 -14.9

TOTAL 19,944.4 100.0 3.2 21,499.6 100.0 2.0 -1,555.2 11.6


9


Sector breakdown - January to November 2014



Food, beverages and tobacco 33,838.1 15.3 4.4 25,918.5 10.7 2.9 7,919.6 9.6

Meat products 4,680.9 2.1 6.9 1,682.9 0.7 4.9 2,998.0 8.0

Fishery products 2,692.1 1.2 1.2 4,644.2 1.9 8.1 -1,952.2 -19.4

Fruits, vegetables and legumes 12,850.0 5.8 1.3 3,594.9 1.5 4.8 9,255.1 0.1

Other food products 9,995.8 4.5 10.4 13,264.7 5.5 1.5 -3,268.9 18.7

Beverages 3,303.6 1.5 -1.5 1,477.5 0.6 -3.3 1,826.0 0.0

Tobacco 315.7 0.1 14.3 1,254.1 0.5 0.3 -938.4 3.7

Energy 16,021.5 7.3 6.1 51,570.5 21.2 -2.8 -35,549.1 6.3

Oil and by-products 13,195.9 6.0 0.6 40,538.9 16.7 -3.4 -27,343.0 5.2

Gas 2,190.7 1.0 59.5 9,730.8 4.0 -1.3 -7,540.1 11.2

Coal and electricity 634.8 0.3 3.8 1,300.8 0.5 6.3 -666.0 -8.8

Raw materials 5,351.0 2.4 -4.2 8,825.7 3.6 0.5 -3,474.7 -8.8

Animals and vegetables 2,365.0 1.1 -6.7 2,531.2 1.0 -6.2 -166.3 0.0

Minerals 2,986.0 1.4 -2.2 6,294.5 2.6 3.5 -3,308.5 -9.3

Semi-manuf. (non-chem.) 23,646.4 10.7 1.1 16,541.8 6.8 4.7 7,104.6 -6.3

Non-ferrous metals 4,419.1 2.0 5.1 2,961.8 1.2 0.7 1,457.2 15.4

Iron and steel 7,570.5 3.4 2.9 6,343.2 2.6 5.3 1,227.2 -7.7

Paper 3,054.4 1.4 -2.9 3,105.0 1.3 4.4 -50.6 -129.7

Ceramic and associated 3,064.5 1.4 5.9 539.4 0.2 16.1 2,525.1 4.0

Other semi-manufactures 5,538.1 2.5 -4.2 3,592.4 1.5 5.9 1,945.7 -18.5

Chemical products 31,339.7 14.2 1.3 36,545.7 15.0 4.2 -5,206.0 -24.9

Organic 3,306.7 1.5 -5.5 7,526.9 3.1 -4.0 -4,220.1 2.9

Inorganic 850.5 0.4 -1.6 1,756.4 0.7 -4.0 -906.0 6.2

Medicines 9,224.7 4.2 -2.0 10,926.1 4.5 11.0 -1,701.4 -291.6

Plastics 8,648.8 3.9 7.5 7,858.5 3.2 8.9 790.3 -4.3

Fertilizers 609.9 0.3 -11.7 897.5 0.4 8.3 -287.5 -108.1

Tanning or dyeing extracts 2,039.6 0.9 3.8 1,271.0 0.5 8.6 768.5 -3.2

Essential and perfume oils 3,787.1 1.7 5.8 2,868.2 1.2 8.1 919.0 -0.5

Other chemical products 2,872.4 1.3 0.0 3,441.1 1.4 -7.0 -568.7 31.3

Capital goods 44,295.2 20.1 -1.0 42,720.7 17.6 9.9 1,574.5 -73.1

Equipment for industry 11,527.0 5.2 -9.1 11,593.9 4.8 13.5 -66.9 -102.7

Specific purpose 3,925.6 1.8 -22.5 3,414.7 1.4 16.8 511.0 -76.1

General purpose 7,601.4 3.4 -0.2 8,179.3 3.4 12.2 -577.9 -275.2

Office and telecom. Equipment 2,211.3 1.0 6.7 9,588.0 3.9 7.4 -7,376.7 -7.6

Office 876.1 0.4 4.1 4,113.7 1.7 9.4 -3,237.7 -11.0

Telecommunication 1,335.2 0.6 8.4 5,474.2 2.2 5.9 -4,139.0 -5.1

Transport equipment 11,636.6 5.3 -1.8 4,179.6 1.7 10.3 7,457.0 -7.4

Railway 1,329.6 0.6 38.4 212.8 0.1 4.7 1,116.8 47.4

Road 5,844.6 2.6 13.6 1,915.8 0.8 36.7 3,928.8 5.0

Ships 831.2 0.4 -9.2 252.2 0.1 92.0 579.0 -26.1

Aircraft 3,631.2 1.6 -24.7 1,798.9 0.7 -12.4 1,832.3 -33.9

Other capital goods 18,920.3 8.6 4.4 17,359.2 7.1 8.9 1,561.1 -28.5

Engines 1,465.0 0.7 -6.4 995.6 0.4 1.3 469.4 -19.3

Electrical machinery 9,512.6 4.3 4.2 8,374.1 3.4 8.1 1,138.5 -17.5

Precision equipment 1,612.8 0.7 12.9 3,586.1 1.5 14.6 -1,973.3 -16.0

Other 6,329.9 2.9 5.4 4,403.4 1.8 8.0 1,926.5 0.1

Vehicles 32,881.7 14.9 6.0 28,342.9 11.6 18.9 4,538.8 -36.6

Cars and motorcycles 22,534.8 10.2 8.9 11,024.6 4.5 31.3 11,510.1 -6.3

Parts and accessories 10,346.9 4.7 0.2 17,318.2 7.1 12.1 -6,971.3 -36.0

Durable goods 3,161.1 1.4 -3.4 5,703.1 2.3 12.5 -2,542.0 -41.6

Electrical appliances 898.2 0.4 -15.8 1,592.0 0.7 13.1 -693.8 -104.1

Consumer electronics 277.1 0.1 -5.1 1,431.4 0.6 8.8 -1,154.2 -12.7

Furniture 1,557.6 0.7 5.6 2,081.0 0.9 15.0 -523.4 -56.6

Other durable goods 428.1 0.2 -2.3 598.7 0.2 11.7 -170.5 -74.4

Consumption goods 20,443.7 9.3 7.2 26,520.6 10.9 12.9 -6,076.8 -37.3

Textiles 12,012.8 5.4 7.5 15,557.6 6.4 13.7 -3,544.8 -41.5

Garment 8,677.4 3.9 8.7 11,910.0 4.9 14.5 -3,232.6 -33.6

Footwear 2,586.4 1.2 16.4 2,317.3 1.0 16.2 269.1 18.0

Toys 762.9 0.3 11.0 1,519.3 0.6 10.7 -756.4 -10.5

Other consumption goods 5,081.6 2.3 1.9 7,126.4 2.9 10.4 -2,044.8 -39.7

Other 9,703.9 4.4 -7.1 642.9 0.3 -26.1 9,061.0 -5.4

TOTAL 220,682.3 100.0 2.2 243,332.4 100.0 5.8 -22,650.1 -60.3


10


Geographic breakdown - November 2014



EUROPE 14,085.7 70.6 -0.2 13,323.5 62.0 2.4 762.2 -30.9

EUROPEAN UNION * 12,895.9 64.7 0.8 12,208.6 56.8 4.4 687.3 -37.4

EURO AREA 10,159.8 50.9 0.2 9,551.1 44.4 2.5 608.7 -26.5 France 3,081.6 15.5 1.8 2,376.4 11.1 -5.8 705.1 39.7 Belgium 582.4 2.9 4.2 529.2 2.5 -0.8 53.2 109.5 Luxembourg 27.2 0.1 74.6 33.1 0.2 7.7 -5.9 60.9 Netherlands 602.0 3.0 -3.2 903.0 4.2 -7.6 -301.0 15.3 Germany 2,181.7 10.9 4.6 2,841.3 13.2 11.7 -659.5 -43.8 Italy 1,477.6 7.4 5.1 1,249.1 5.8 1.2 228.5 33.1 Ireland 135.6 0.7 52.7 247.5 1.2 27.0 -111.8 -5.5 Portugal 1,426.5 7.2 -21.6 867.2 4.0 2.5 559.3 -42.5 Austria 158.8 0.8 -10.9 143.2 0.7 -7.3 15.6 -34.5 Finland 80.3 0.4 37.3 85.4 0.4 18.5 -5.1 62.5 Greece 166.2 0.8 24.5 35.3 0.2 6.9 131.0 30.2 Slovenia 82.2 0.4 160.0 21.1 0.1 0.6 61.1 475.0 Malta 54.0 0.3 338.0 4.2 0.0 -74.2 49.8 1,372.1 Cyprus 16.5 0.1 -6.8 2.0 0.0 136.0 14.5 -14.0 Slovakia 59.2 0.3 1.1 146.7 0.7 17.1 -87.5 -31.2 Estonia 12.2 0.1 -9.5 27.3 0.1 385.8 -15.1 -292.0 Latvia 15.8 0.1 -8.9 39.1 0.2 878.2 -23.4 -275.9

REST OF EU 2,736.1 13.7 3.1 2,657.4 12.4 11.5 78.6 -70.8 United Kingdom 1,278.8 6.4 -2.3 1,150.9 5.4 17.6 127.9 -61.2 Denmark 103.5 0.5 6.0 125.1 0.6 18.9 -21.6 -185.2 Sweden 228.5 1.1 46.0 189.7 0.9 -9.8 38.9 172.3 Lithuania 33.3 0.2 -1.9 22.7 0.1 22.0 10.6 -31.0 Poland 345.6 1.7 -12.7 351.2 1.6 21.9 -5.6 -105.1 Czech Republic 155.1 0.8 2.4 273.4 1.3 15.6 -118.3 -39.0 Hungary 95.6 0.5 9.6 201.5 0.9 29.7 -105.9 -55.5 Bulgaria 122.6 0.6 95.5 53.4 0.2 3.7 69.3 513.1 Romania 131.1 0.7 23.1 103.9 0.5 -22.3 27.1 199.1 Croatia 17.9 0.1 18.1 8.5 0.0 164.2 9.4 -21.1

REST OF EUROPE 1,189.8 6.0 -9.8 1,114.9 5.2 -15.2 74.9 1,615.0 Switzerland 310.6 1.6 -19.0 214.7 1.0 -10.5 96.0 -33.2 Norway 72.0 0.4 -24.0 184.3 0.9 77.3 -112.3 -1,114.5 Turkey 414.4 2.1 11.5 332.7 1.5 -4.2 81.7 235.2 Russia 162.1 0.8 -27.1 261.0 1.2 -43.6 -98.9 58.9

AMERICA 2,308.5 11.6 27.3 2,400.5 11.2 -9.7 -92.0 89.1 NORTH AMERICA 1,090.7 5.5 50.9 944.2 4.4 -13.8 146.6 139.3

USA 979.7 4.9 53.5 843.9 3.9 -13.1 135.7 140.7 Canada 110.9 0.6 31.8 99.7 0.5 -19.4 11.2 128.5

LATIN AMERICA 1,208.3 6.1 15.1 1,373.8 6.4 -8.5 -165.5 63.3

Argentina 86.3 0.4 -3.0 122.5 0.6 7.0 -36.1 -42.0 Brazil 234.0 1.2 -12.9 225.2 1.0 -22.2 8.8 142.6 Chile 99.2 0.5 8.3 112.4 0.5 67.9 -13.2 -153.4 Mexico 280.3 1.4 40.0 395.7 1.8 -4.3 -115.4 45.8 Venezuela 56.2 0.3 -15.6 75.8 0.4 -28.9 -19.5 51.0

REST OF AMERICA 9.5 0.0 -77.0 82.5 0.4 34.6 -73.0 -265.1

ASIA 1,850.5 9.3 23.3 3,752.6 17.5 10.7 -1,902.1 -0.7 ASIA (exc. Middle East) 1,204.2 6.0 16.3 3,072.6 14.3 13.0 -1,868.4 -11.0

Japan 174.9 0.9 5.6 214.6 1.0 2.9 -39.7 7.8 China 315.2 1.6 9.9 1,556.5 7.2 15.2 -1,241.3 -16.6 Hong-Kong, China 73.7 0.4 -17.1 19.9 0.1 -54.3 53.8 18.3 South Korea 177.4 0.9 45.5 134.9 0.6 -6.3 42.5 292.1 India 92.2 0.5 20.3 222.5 1.0 0.1 -130.3 10.5 Indonesia 25.0 0.1 4.7 194.9 0.9 68.5 -169.9 -85.1 Singapore 59.6 0.3 30.6 37.0 0.2 190.9 22.6 -31.3

Thailand 29.7 0.1 -35.3 66.4 0.3 9.4 -36.7 -148.9 Taiwan 84.7 0.4 23.3 78.9 0.4 27.3 5.8 -14.0

MIDDLE EAST 646.2 3.2 38.9 680.0 3.2 1.4 -33.7 83.6 Saudi Arabia 187.9 0.9 59.1 363.7 1.7 -16.3 -175.8 44.4 United Arab Emirates 163.7 0.8 57.3 18.8 0.1 62.1 144.9 56.6

AFRICA 1,214.9 6.1 -4.5 1,942.3 9.0 -0.5 -727.4 -6.9 Morocco 440.1 2.2 2.8 324.5 1.5 2.1 115.6 4.7 Algeria 262.6 1.3 -14.7 649.2 3.0 -5.4 -386.6 -2.3 Nigeria 31.3 0.2 -39.1 278.8 1.3 -20.3 -247.5 17.1 South Africa 94.0 0.5 17.4 58.1 0.3 22.6 35.9 9.7

OCEANIA 127.5 0.6 -7.5 59.6 0.3 -7.3 67.9 -7.7 Australia 91.0 0.5 -19.9 48.4 0.2 13.4 42.6 -39.9

OTHER (**) 357.3 1.8 -25.3 21.1 0.1 6,540.2 336.2 -29.6

WORLD 19,944.4 100.0 3.2 21,499.6 100.0 2.0 -1,555.2 11.6

Pro memoria: TOTAL NON EU 7,048.5 35.3 8.1 9,291.1 43.2 -0.9 -2,242.6 21.5 TOTAL NON EURO AREA 9,784.6 49.1 6.6 11,948.5 55.6 1.6 -2,163.9 16.4 OECD 15,125.4 75.8 3.0 14,463.4 67.3 3.2 662.0 -2.6 ASEAN 213.9 1.1 17.5 546.2 2.5 34.3 -332.3 -48.0 NAFTA 1,370.9 6.9 48.6 1,339.3 6.2 -11.2 31.6 105.4 MERCOSUR 403.0 2.0 -10.5 430.8 2.0 -18.8 -27.8 65.4 OPEC 959.6 4.8 15.3 1,998.5 9.3 -6.4 -1,038.9 20.3


* Total EU is higher than the sum of its members as a result of including provisioning and fishing occurred between Member States

** Mainly provisioning outside the EU

11


Geographic breakdown - January to November 2014



EUROPE 154,555.3 70.0 2.6 145,924.4 60.0 8.1 8,630.9 -44.9

EUROPEAN UNION * 140,530.8 63.7 3.8 129,534.4 53.2 9.5 10,996.4 -35.9

EURO AREA 110,196.5 49.9 3.9 103,969.3 42.7 9.2 6,227.2 -42.7 France 34,805.1 15.8 0.1 26,710.7 11.0 6.3 8,094.4 -16.1 Belgium 5,557.3 2.5 -2.5 6,083.8 2.5 5.5 -526.5 -665.9 Luxembourg 244.3 0.1 28.4 378.5 0.2 37.0 -134.2 -56.2 Netherlands 6,870.2 3.1 10.6 9,653.7 4.0 7.7 -2,783.5 -1.3 Germany 23,083.3 10.5 5.5 29,402.9 12.1 15.1 -6,319.6 -72.6 Italy 15,916.5 7.2 4.4 14,197.6 5.8 6.2 1,718.9 -8.1 Ireland 987.3 0.4 30.6 2,308.0 0.9 -5.8 -1,320.7 22.0 Portugal 16,549.0 7.5 4.2 9,163.3 3.8 1.3 7,385.7 8.1 Austria 1,822.0 0.8 4.1 1,586.6 0.7 1.5 235.4 25.5 Finland 731.3 0.3 13.2 860.7 0.4 12.4 -129.5 -7.8 Greece 1,709.0 0.8 22.7 449.9 0.2 -44.0 1,259.2 113.5 Slovenia 490.5 0.2 11.7 240.6 0.1 6.1 249.9 17.6 Malta 193.3 0.1 65.8 43.4 0.0 -30.4 149.9 176.4 Cyprus 275.7 0.1 50.4 18.3 0.0 24.8 257.4 52.6 Slovakia 663.7 0.3 9.3 1,350.2 0.6 19.0 -686.5 -30.2 Estonia 138.7 0.1 3.6 927.9 0.4 2,154.0 -789.2 -951.6 Latvia 159.5 0.1 5.5 593.2 0.2 1,339.8 -433.7 -494.4

REST OF EU 30,334.3 13.7 3.3 25,565.1 10.5 10.7 4,769.2 -24.0 United Kingdom 15,312.8 6.9 4.6 10,140.0 4.2 11.9 5,172.8 -7.2 Denmark 1,055.6 0.5 -3.6 1,322.6 0.5 11.4 -267.0 -187.0 Sweden 1,905.9 0.9 9.1 2,156.9 0.9 4.2 -251.1 22.1 Lithuania 333.1 0.2 22.5 177.9 0.1 -7.8 155.1 96.6 Poland 3,610.3 1.6 2.4 3,555.9 1.5 26.6 54.4 -92.4 Czech Republic 1,602.7 0.7 8.2 2,788.6 1.1 19.6 -1,185.8 -39.5 Hungary 1,082.3 0.5 -11.0 1,745.4 0.7 8.6 -663.1 -69.1 Bulgaria 1,152.0 0.5 -6.7 432.8 0.2 1.3 719.1 -10.9 Romania 1,386.7 0.6 16.1 1,087.6 0.4 7.6 299.1 63.1 Croatia 217.3 0.1 21.0 70.7 0.0 80.1 146.6 4.5

REST OF EUROPE 14,024.5 6.4 -8.2 16,390.0 6.7 -2.2 -2,365.5 -58.6 Switzerland 3,323.6 1.5 -15.0 2,642.8 1.1 11.2 680.8 -55.6 Norway 1,005.8 0.5 9.8 2,193.6 0.9 17.6 -1,187.8 -25.1 Turkey 4,436.7 2.0 -0.7 3,632.9 1.5 6.9 803.8 -24.8 Russia 2,396.3 1.1 -9.6 5,842.8 2.4 -23.6 -3,446.5 31.0

AMERICA 23,926.5 10.8 4.0 27,241.3 11.2 -2.6 -3,314.8 33.3 NORTH AMERICA 10,922.7 4.9 21.2 10,496.8 4.3 2.3 425.9 134.1

USA 9,675.0 4.4 21.4 9,535.7 3.9 3.2 139.3 111.0 Canada 1,227.1 0.6 21.2 958.4 0.4 -5.8 268.7 6,212.6

LATIN AMERICA 12,725.0 5.8 -8.1 15,942.1 6.6 -5.8 -3,217.1 -4.4

Argentina 1,195.1 0.5 -3.8 1,126.4 0.5 -16.1 68.7 168.4 Brazil 2,866.5 1.3 -15.0 2,889.3 1.2 -6.0 -22.8 -107.7 Chile 988.3 0.4 -13.1 1,381.7 0.6 -3.9 -393.4 -31.3 Mexico 3,201.2 1.5 7.7 4,678.0 1.9 -11.8 -1,476.8 36.6 Venezuela 508.3 0.2 -41.4 1,187.2 0.5 0.2 -678.9 -113.3

REST OF AMERICA 278.8 0.1 82.9 802.4 0.3 1.3 -523.6 18.2

ASIA 20,683.6 9.4 7.6 43,396.6 17.8 8.2 -22,713.0 -8.7 ASIA (exc. Middle East) 13,930.9 6.3 15.0 35,593.2 14.6 14.5 -21,662.3 -14.2

Japan 2,456.0 1.1 17.6 2,418.8 1.0 9.7 37.2 131.9 China 3,752.6 1.7 2.5 17,934.6 7.4 13.4 -14,182.1 -16.6 Hong-Kong, China 796.3 0.4 0.7 236.5 0.1 -13.8 559.8 8.4 South Korea 1,821.4 0.8 103.3 1,514.6 0.6 3.0 306.8 153.3 India 1,019.1 0.5 -1.5 2,387.6 1.0 6.7 -1,368.5 -13.8 Indonesia 345.5 0.2 -1.4 1,584.5 0.7 9.7 -1,238.9 -13.3 Singapore 744.8 0.3 0.3 397.4 0.2 15.8 347.4 -13.0

Thailand 389.4 0.2 -9.0 800.8 0.3 7.8 -411.4 -30.5 Taiwan 878.7 0.4 91.8 859.7 0.4 3.7 19.0 105.1

MIDDLE EAST 6,752.8 3.1 -5.1 7,803.4 3.2 -13.6 -1,050.7 45.2 Saudi Arabia 2,040.2 0.9 -7.2 4,888.9 2.0 -9.4 -2,848.7 10.8 United Arab Emirates 1,512.5 0.7 -19.9 210.4 0.1 -41.9 1,302.0 -14.7

AFRICA 14,954.2 6.8 -1.3 25,869.7 10.6 -1.5 -10,915.5 1.8 Morocco 5,364.0 2.4 6.2 3,723.3 1.5 16.6 1,640.8 -11.7 Algeria 3,332.6 1.5 -5.6 8,376.0 3.4 -0.9 -5,043.3 -2.6 Nigeria 313.3 0.1 -10.7 5,875.1 2.4 14.2 -5,561.8 -16.1 South Africa 1,133.1 0.5 -13.4 641.8 0.3 -3.5 491.2 -23.7

OCEANIA 1,623.8 0.7 -20.5 834.9 0.3 33.0 788.8 -44.2 Australia 1,287.6 0.6 -28.6 584.5 0.2 63.8 703.1 -51.4

OTHER 4,938.9 2.2 -14.6 65.4 0.0 1,899.3 4,873.5 -15.7

WORLD 220,682.3 100.0 2.2 243,332.4 100.0 5.8 -22,650.1 -60.3

Pro memoria: TOTAL NON EU 80,151.5 36.3 -0.4 113,798.0 46.8 1.8 -33,646.5 -7.6 TOTAL NON EURO AREA 110,485.8 50.1 0.6 139,363.1 57.3 3.3 -28,877.3 -15.5 OECD 164,945.4 74.7 4.5 155,536.5 63.9 8.2 9,408.9 -33.2 ASEAN 2,543.0 1.2 6.9 5,713.0 2.3 11.2 -3,170.0 -14.9 NAFTA 14,103.3 6.4 18.0 15,172.1 6.2 -2.5 -1,068.8 70.4 MERCOSUR 4,870.2 2.2 -15.8 5,384.5 2.2 -9.7 -514.3 -184.4 OPEC 10,151.7 4.6 -9.1 26,141.8 10.7 -4.2 -15,990.1 0.8


* Total EU is higher than the sum of its members as a result of including provisioning and fishing occurred between Member States

** Mainly provisioning outside the EU

12


Nov Last 12 Jan-Nov Nov Last 12 Jan-Nov

2014 months 2014 2014 month 2014

Spain 3.2 2.3 2.2 2.0 5.8 5.8

France (1) 1.2 -0.4 -0.8 -3.9 -1.5 -1.9

Germany 1.4 3.5 3.4 1.7 2.1 2.0

Italy n.a n.a n.a n.a n.a n.a

Euro Area (2) 0.1 1.6 1.4 -1.1 0.7 0.5

United Kingdom 8.5 -10.2 -11.7 -5.5 -2.0 -1.5

European Union (28) (3) 1.3 1.2 0.9 -0.6 1.7 1.7

USA -0.6 2.7 2.9 0.1 3.0 3.0

Japan 4.9 4.9 4.0 -1.6 7.5 6.1

n.a.: not available when this report was prepared

(3) Includes both extra and intra EU transactions

Source: Evaluation Department (Secretariat of State for Trade), from provisional national data in selected countries

Exports and imports growth in selected economies (y-o-y %)

EXPORTS IMPORTS

(2) Includes both extra and intra EA transactions

(1)Excluding military equipment

executive summary intenational trade report filenovember 2013. this fall was due to the decreasing...

Documents