SPAIN'S trade deficit narrowed in January as exports surged, in a rare glimmer of good news for a nation struggling in a double-dip recession.
Exports leapt 7.9 per cent from a year earlier to 17.88 billion euros ($A22.45 billion) in January while imports rose 5.7 per cent to 21.38 billion euros, largely because of an increase in demand for energy products, the Economy Ministry said on Thursday.
As a result, the trade deficit narrowed by 4.3 per cent to 3.5 billion euros.
Spain boosted exports especially to markets outside of the European Union, the ministry said, noting the EU-bound exports made up 63.5 per cent of the total, down from 66 per cent a year earlier.
Exports soared by 43.8 per cent to Asia, 16.6 per cent to Africa and 15.1 per cent to Latin America, the government said, noting in particular a rise in exports to emerging markets such as India, up 35.4 per cent, China, up 15.2 per cent, and Brazil, up 28.5 per cent.
In 2012, the eurozone's fourth-largest economy shrank the trade deficit by 33.6 per cent as exports grew 3.8 per cent and imports to the depressed domestic market fell 2.85 per cent.
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