Between January and November 2015, exports and imports increased, FOB exports amounting to EUR 50.6 billion and CIF imports to EUR 57.8 billion, according to data from the National Institute of Statistics (INS). The commercial deficit was of EUR 7.1 billion, EUR 1.8 billion more than the same period in 2014, says the same INS report.
In November 2015, FOB exports were of EUR 4.7 billion and the CIF imports were EUR 5.5 billion, with a commercial deficit of EUR 7.8 billion. Compared to October 2015, both exports and imports registered decreases, by 4.8 percent and 5.7 percent respectively, reports INS.
Also between Jan-Nov 2015, the intra-community trade of goods (Intra-EU28) amounted to EUR 37.4 billion for dispatches and EUR 44.6 billion for arrivals, representing 74.0 percent of total exports and 77.2 percent of total imports, says the INS data. As for extra-community trade of goods (Extra-EU28), it came up to EUR 13.16 billion for exports and EUR 13.18 billion for imports, adding up to 26.0 percent of total exports and 22.8 percent of total imports, according to INS.
Transport equipment and vehicles (44.5 percent for exports and 37.2 percent for imports, respectively) and other manufactured goods (32.9 percent for exports and 31.2 percent for imports, respectively) represented a large chunk of the structural breakdown of exports and imports for Jan-Nov 2015, with food, beverages and tobacco coming in third in exports (8.7 percent) and chemicals and similar for imports (13.7 percent), states the INS report.