Supply Chain Research

Spain’s trade deficit hit its highest since August 2015 in January after import growth of 19% outstripped an 18% rise in exports. The import expansion was the fastest since January 2011, and was the result of a 74% rise in oil and gas shipments. That also helped export growth in refined products. More of the same can be expected in February with a two-thirds increase in the oil price on a year earlier. Exports to North America increased 20%, led by building materials, power distribution equipment and beverages, Panjiva data shows. Shipments to the U.S. increased 21% in February, though g...