El monetary volume of exports Madrid's population shot up to 5.442,4 millones de euros, marking the highest July ever recorded. In parallel, the imports They also hit an all-time high for the month, standing at 9.037,7 millones de euros, which represents an increase of 13,7% year-on-year.
This unprecedented dynamism has raised the coverage rate from the region to the 60,2 %The figures for Madrid contrast sharply with those for Spain as a whole, where exports grew by 3,5% and imports by 5,3%, showing that Madrid is by far the region that is growing the most. boosting the growth of both national foreign trade flows. Currently, the community's exports represent 15,8 % of the national total, and absorbs the 23,5 % of imports.
The spectacular rise in exports is largely due to the sector "Organic chemicals", which contributed 21,8 percentage points to growth, followed by "Pharmaceutical products" and the category of "Stone, precious metal, jewelry". However, sectors such as "Aircraft, space vehicles" y "Books, publications, graphic arts" partially halted the general rise.
The Netherlands regained central prominence as a destination for Madrid's exports.
On the import side, the "Pharmaceutical products" (driven by continued supply, especially from the United States), "Aircraft, space vehicles" y "Motor vehicles, tractors" were the main contributors. On the other hand, the drop in purchases of "Fuels, mineral oils" (with Russian liquefied natural gas as the most negative factor), as well as in "Various manufactured goods" y "Plastic materials", moderated the growth rate.
Key Destinations and Origins
Regarding destinations, Netherlands regained central prominence for Madrid sales. He was followed by Belgium, with a notable demand for barbiturates, and the United KingdomAt the other extreme, sales slowed down with Germany, (affected by a one-off aircraft sale a year ago), Singapore y United States.
Regarding the origins of imports, United States, China y France were the main drivers. The US case is particularly relevant due to the record high in the purchase of pharmaceutical products. The negative note was set by Russia, which had a strong impact on the negative variation in imports due to the decrease in the purchase of liquefied natural gas.
July's performance underlines the strength and the dynamism of the Madrid foreign sector, with the chemical and pharmaceutical sectors as pillars, although the aeronautical and energy sectors introduce volatility into trade flows with specific partners.
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