As for exports to Russia, last year they accounted for only 0.98% of the total for a value of 251.1 million and were mainly automobiles, machinery and rubber. Trade with Ukraine was more limited, worth $160.2 million in imports and $40.6 million in exports.
The Basque Country imported from Russia in 2021 worth 1378.7 million, 6.5% of total imports, according to the Eustat foreign trade statistics published this Thursday. Of this amount, 85.8% are petroleum products such as crude and refined petroleum oils (diesel), fuel oil and natural gas. The trade with Ukraine was more limitedfor a value of 160.2 million in imports and 40.6 million in exports.
Given the commercial consequences that the war in ukrainethe report has analyzed in detail foreign trade with that country and with Russia.
As for the exports to Russialast year they represented only 0.98% of the total exported by Euskadi for a value of 251.1 million and they were mostly automobiles, machinery and rubber.
However, although imports of goods from Ukraine accounted for only 0.76% of the total (they have always been below 1%), there are tariff chapters such as the sunflower oil which had a great weight for the economy.
specifically imported 74,601 tons of sunflower oil worth 84.5 million, which represents the 80.9% of the total imported by the CAV of this product.
The exports to Ukraine were very limited0.16% of the total exported by Euskadi, especially lathes, vehicles, agricultural machinery, machines for washing, labeling or packaging and taps or similar items.
positive balance
On the other hand, the evolution of transactions in the Basque Country in January this year has left a positive balance (228.4 million). According to the report, exports (2,241.1 million) registered an increase of 29.9% in January compared to the same month of the previous year, thus becoming the January with the highest export volume in the historical series, as published today by EUSTAT, the Institute Basque of Statistics.
Within exports, those of energy products recorded a very marked increase of 131.6%, although they only represent 7.4% of the total exported. In turn, exports of non-energy products experienced considerable growth, estimated at 25.5%.
Imports (2012.8 million) also exceeded those of January 2021 by 47.8% due to increases of 62.3% in energy products and 44.1% in non-energy products.
This past January, the Basque Country has exported, above all (53% of the total) to Germany, France, the United States, the Netherlands and the United Kingdom. While the main supplier countries have been: Germany (286.4 million), France (193.8 million), China (182.6 million), Russia (136.7 million) and the United Kingdom (109.2 million) , which together with the United States (102.4 million) represent between the six 50.2% of the total imported.
Source: Eitb
Ricardo is a renowned author and journalist, known for his exceptional writing on top-news stories. He currently works as a writer at the 247 News Agency, where he is known for his ability to deliver breaking news and insightful analysis on the most pressing issues of the day.
