By Third quarter of 2012. Provisional data
Exports of Services increase 11.3% in the interannual rate and 5.6% in the quarterly rate Imports of Services increase 9.9% in the interannual rate and 1.5% in the quarterly rate Annual performance of exports and imports of ServicesDuring the third quarter of the year, exports of Services increased 11.3%, as compared with the same period of 2011.
Over the three first quarters of 2012, exports of Services increased 5.0%, as compared with the same period of the previous year.
In turn, imports of Services increased 9.9% in the interannual rate during the third quarter of
2012.
Over the three first quarters of 2012, imports of Services increased 6.8%, as compared with the same period of the previous year.
Yearly evolution of exports and imports of services
15
10
5.8
5
4.5
7.4
4.5
4.9
6.1
2.4
2.6
2.8
7.7
11.3
9.9
0
-5
-10
2.1 1.3
-0.3
2.2
-8.3
-2.0
-6.4
1.4
1.0
Exports Im ports
1
Foreign trade performance by type of ServiceBy type of service, the greatest annual increases in exports of services were registered in Royalties and license fees (60.2%), Insurance services (39.3%) and Personal, cultural and recreational services (30.5%). In turn, Business services (-12.4%) was the only that registered negative annual rates.
Exports of services by type of service
Index for the third quarter
2012 (Base
2007)
Yearly rate
(% variation on the same period the previous year)
Quarterly rate (% variation on the previous quarter)
For the quarter For the whole year For the quarter
Transport 89.0 1.8 0.6 2.7
Communications 107.3 11.4 10.0 14.9
Construction 78.1 24.9 15.6 43.5
Insurance 114.4 39.3 11.4 -11.8
Financial 59.6 -12.4 -5.7 -1.5
Computer and information 112.3 16.8 10.3 4.4
Royalties and
license fees 150.8 60.2 39.9 73.2
Business 182.1 18.9 4.9 4.8
Personal, cultural
and recreational 76.6 30.5 21.9 0.0
Government 178.7 21.3 21.7 4.5
By type of service, the greatest annual increases were registered in imports of Insurance (56.2%), Business (18.9%) and Computer and information (13.4%). On the other hand, imports of Communications services and Royalties and license fees services decreased 22.5% and
3.7%, respectively.
Imports of services by type of service
Index for the third quarter
2012 (Base
2007)
Yearly rate
(% variation on the same period the previous year)
Quarterly rate (% variation on the previous quarter)
For the quarter For the whole year For the quarter
Transport 75.6 12.7 11.4 2.7
Communications 69.2 -22.5 -9.8 -26.2
Construction 34.8 9.7 -9.0 45.2
Insurance 99.0 56.2 25.4 29.5
Financial 40.7 0.8 12.0 -4.0
Computer and information 121.6 13.4 12.6 -6.9
Royalties and
license fees 90.2 -3.7 -5.1 -6.4
Business 146.1 18.9 10.6 11.7
Personal, cultural
and recreational 118.2 9.4 6.1 -6.9
Government 87.2 -2.9 0.1 -18.1
2
Performance of the quarterly rate 1The variation rate of exports of Services during the third quarter of the year as compared with the second quarter of 2012 is 5.6%. This is the highest rate as compared with the five previous years.
Evolution of the quarterly rate of exports of Services (variation of the III quarter on the II quarter of the same year)8.0
6.0
4.0
2.0
0.0
-2.0
-4.0
-6.0
-8.0
-5.5
0.8
-0.1
-4.2
5.6
2008 2009 2010 2011 2012
The variation rate of imports of Services during the third quarter of the year as compared with the second quarter of 2012 is 1.5%. This is the highest rate as compared with the five previous years.
2.0
0.0
-2.0
-4.0
Evolution of the quarterly rate of imports of Services (variation of the III quarter on the II quarter of the same year)1.5
0.1
-0.5
-2.6
-6.0
-8.0
-6.9
2008 2009 2010 2011 2012
1 In order to contribute to the analysis and interpretation of the data, this section has been added with the performance of the quarterly rate of the exports and imports of Services in the second quarter for recent years. The quarterly rates of this type of series may have a certain seasonal behaviour, and therefore, their assessment should be made with regard to the item of data for the same quarter of previous years.
3
Foreign Trade in Services, by geographical destination and originDuring the third quarter of 2012, exports of Services intended for Europe increased 6.8% in the annual rate.
Exports to the European Union (EU-27) increased 4.8%, whilst exports to the Eurozone increased 3.0%.
Exports of services by geographical destination
Index for the third quarter
2012 (Base
2007)
Yearly rate
(% variation on the same period the previous year)
Quarterly rate (% variation on the previous quarter)
Europe
For the quarter For the whole year For the quarter
100.6 6.8 0.7 3.6
EU-27 91.8 4.8 -0.8 1.2
Eurozone 92.6 3.0 -1.7 1.0
Germany 101.1 16.6 9.0 -0.3
Belgium 109.1 -1.2 -7.0 -1.8
The Netherlands
109.8 1.7 5.4 -11.9
France 82.1 -2.4 -3.9 2.9
Italy 81.4 -2.1 -4.9 0.3
Portugal 91.0 -0.8 -8.5 17.0
Rest of the Eurozone The United Kingdom Rest of EU-27
Rest of Europe
95.7 1.5 -11.4 4.2
79.3 8.5 2.2 0.4
118.1 12.8 1.2 4.8
192.4 18.2 9.9 17.0
America 137.6 25.4 16.1 12.8
North and Central America
South America
136.5 20.8 16.7 14.2
139.1 32.0 15.3 11.0
Africa 138.1 20.5 12.9 11.3
Asia 124.3 16.3 14.1 -0.9
Oceania 95.1 -42.7 -16.1 -1.0
4
With regard to imports of Services, those originating in Europe increased 8.7% in the third quarter of 2012, as compared with the same period of 2011.
Those from the European Union (EU-27) increased 8.3%, and those from the Eurozone registered a 10.5% interannual increase.
Imports of services by geographical origin
Index for the third quarter
2012 (Base
2007)
Yearly rate
(% variation on the same period the previous year)
Quarterly rate (% variation on the previous quarter)
For the quarter For the whole year For the quarter
Europe
97.1 8.7 4.9 0.9
EU-27 96.7 8.3 5.0 0.0
Eurozone 94.2 10.5 5.6 0.9
Germany 70.7 -2.6 -3.1 17.1
Belgium 149.0 47.7 15.7 33.2
The Netherlands
84.2 9.3 12.0 -30.4
France 102.1 10.5 3.0 8.9
Italy 85.0 42.2 16.0 -2.2
Portugal 103.6 -2.6 4.9 -8.0
Rest of the Eurozone The United Kingdom Rest of EU-27
Rest of Europe
148.8 7.3 8.3 -11.9
94.8 1.1 2.4 1.4
124.1 2.6 4.8 -7.5
101.8 14.7 3.4 12.2
America 103.6 5.2 6.5 5.6
North and Central America
South America
101.0 7.9 5.5 12.8
112.7 -2.5 9.6 -12.1
Africa 79.9 43.8 31.6 -7.3
Asia 81.6 17.9 16.0 0.7
Oceania 132.3 78.3 35.4 22.0
5
Methodological noteThe Foreign Trade in Services Indices (FTSI) are compiled in the framework of the requirements set out by Regulation no. 184/2005 of the European Parliament and the Council relating to community statistics on the Balance of Payments, International Trade in Services and Direct Foreign Investment.
The main objective of these indices is to provide indicators on the short-term evolution of the value of non-tourist services exports and imports; these are obtained from the information provided by the International Trade in Services Survey (ITSS) prepared by the INE.
The ITSS collects information, on a quarterly basis, from a set of approximately 11,000 units located in Spain, regarding the value of the transactions of non-tourist services carried out with units not located in Spain, as well as regarding their geographical origin in the case of imports and their destination in the case of exports.
The Foreign Trade in Services Indices are presented for the main types of services, with the exception of tourism, in accordance with the Extended Classification of the Balance of Payments in Services (ECBPS). Specifically, they refer to the following services: Transport, Communications, Construction, Insurance, Financial, Computer and information, Royalties and licensing rights, Business, Personal, cultural and recreational, and Government.
Moreover, they provide information on the evolution of exports and imports of non-tourist services for the different geographical areas and countries involved. The breakdowns taken into consideration are as follows: Europe, considering the total of the European Union (EU-27), the Eurozone (in which Germany, Belgium, the Netherlands, France, Italy, Portugal and the rest of the Eurozone are distinguished), the United Kingdom, the Remaining EU-27 countries and the Rest of Europe; America (broken down into North and Central America and South America), Africa, Asia and Oceania.
Lastly, it is worth noting that the information which is provided today supplements the information published each quarter by the Bank of Spain in its statistics on the Balance of Payments referring to the exchange of this type of services.
For further information see INEbase-www.ine.es/en/ All press releases at: www.ine.es/en/prensa/prensa_en.htm
Press Office: Telephone numbers: 91 583 93 63 / 94 08 - Fax: 91 583 90 87 - gprensa@ine.es
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