Spain Balance of Trade 1962-2015 | Data | Chart | Calendar | Forecast

Spain recorded a trade deficit of 2037200 EUR Thousand in February of 2015. Balance of Trade in Spain averaged -1774916.65 EUR Thousand from 1962 until 2015, reaching an all time high of 634935 EUR Thousand in March of 2013 and a record low of -9834766 EUR Thousand in December of 2007. Balance of Trade in Spain is reported by the Bank of Spain.

     Forecast  
Spain Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
-2037200.00 -2596200.00 634935.00 -9834766.00 1962 - 2015 EUR Thousand Monthly
Spain runs systemic trade deficits due to high imports of fuel and high added value goods. Spain also imports food and chemicals. Spain main exports are: manufactured products except cars (50 percent of total exports), food (13 percent), cars (11 percent) and fuel (5 percent). The European Union accounts for 65 percent of Spain’s foreign trade. Main trading partners are France (18 percent of total exports and 11 percent of total imports) and Germany (15 percent of exports and 8 percent of exports). Others include: Italy, Portugal, United Kingdom and China. This page provides - Spain Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Spain Balance of Trade - was last refreshed on Saturday, April 25, 2015.


Spanish Trade Deficit Widens in February


Spain’s trade gap rose to €2.04 billion in February of 2015, up 25.6 percent from a year earlier. While exports increased 2.8 percent to its highest on record for a month of February, imports rose 4.5 percent.

Exports increased 2.8 percent year-on-year to €19.86 billion in February. 

Sales to the European Union and the Euro Area increased 5.1 percent and 7.1 percent respectively, accounting for 65.7 percent and 51.8 percent respectively of total exports. Shipments to France (+7.8 percent), Germany (+3. Percent), Portugal (+6.4 percent), the Netherlands (+7.1 percent) and Ireland (+102.4 percent) drove the increase. Outside Europe, sales dropped 1.5 percent.

Exports from the auto sector jumped 16.2 percent; food beverages and tobacco went up 4.8 percent; consumption goods (+7 percent) and chemicals (+3.5 percent).

Imports rose 4.5 percent to €21.89 billion in February.

Excluding energy, the trade balance recorded a €0.38 billion surplus.

Joana Taborda | joana.taborda@tradingeconomics.com
4/20/2015 11:19:32 AM


Recent Releases

Spain Reports €2.6 Billion Trade Deficit in January
Spanish trade deficit decreased by 7.9 percent year-on-year to €2.6 billion in January of 2015, as both exports and imports fell. The contraction was mostly due to calendar effects since there were less working days in January of 2015. Published on 2015-03-20

Spain Posts €1.8 Billion Trade Deficit in December
Spanish trade gap was marginally unchanged at €1.82 billion in December of 2014 from €1.83 billion a year earlier. Exports reached the highest value on record for a December month while imports rose at a faster pace. Published on 2015-02-18


Calendar GMT Event Actual Previous Consensus Forecast (i)
2015-02-18 09:00 AM
Balance of Trade  Dec
€ -1.82B € -1.55B € -2.0B € -2.2B
2015-03-20 08:40 AM
Balance of Trade  Jan
€ -2.6B € -1.82B €-1.95B € -1.9B
2015-04-20 09:00 AM
Balance of Trade  Feb
€-2.04B € -2.6B €-2.0B € -1.7B
2015-05-16 09:00 AM
Balance of Trade  Mar
€-2.04B € -1.9B
2015-06-16 09:00 AM
Balance of Trade  Apr
€ -2B
2015-07-16 09:00 AM
Balance of Trade  May
€ -1.9B


Spain Trade Last Previous Highest Lowest Unit
Balance of Trade -2037200.00 -2596200.00 634935.00 -9834766.00 EUR Thousand [+]
Exports 19859900.00 17894600.00 22347127.55 14286.06 Thousand EUR [+]
Imports 21897100.00 20490800.00 26017059.86 37437.07 EUR Thousand [+]
Current Account -426.00 3795.00 4025.00 -12368.00 EUR Million [+]
Current Account to GDP 0.80 -1.20 1.50 -10.00 percent [+]
Terms of Trade 106.60 100.00 123.70 62.20 Index Points [+]
Foreign Direct Investment 6536.00 582.34 23218.65 -8235.20 EUR Million [+]
Remittances 1271.00 1349.00 1610.00 252.00 EUR Million [+]
Tourist Arrivals 5779417.00 5767158.00 15198375.00 2691102.00 [+]
Gold Reserves 281.58 281.58 523.47 281.58 Tonnes [+]
Crude Oil Production 7.00 7.00 16.57 1.00 BBL/D/1K [+]
External Debt 1694611000.00 1704449000.00 1778929236.00 601897024.00 EUR Thousand [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1256.00 Feb/15 -1003.00 2251.00 -3884.00 AUD Million [+]
Brazil 458.00 Mar/15 -2841.76 5659.37 -4058.14 USD Million [+]
Canada -984.00 Feb/15 -1475.00 8524.80 -2902.90 CAD Million [+]
China 30.81 Mar/15 606.19 606.19 -319.71 USD Hundred Million [+]
Euro Area 20300.00 Feb/15 7600.00 24009.80 -16638.00 EUR Million [+]
France -3449.00 Feb/15 -3710.00 2674.00 -7086.00 EUR Million [+]
Germany 19174.00 Feb/15 15900.00 23500.00 -535.91 EUR Million [+]
India -11790.00 Mar/15 -6847.00 258.90 -20210.90 USD Million [+]
Indonesia 1131.60 Mar/15 662.70 4641.92 -2329.13 USD Million [+]
Italy 3537.91 Feb/15 232.00 6923.00 -6389.30 EUR Million [+]
Japan 229.26 Mar/15 -425.00 1608.67 -2795.04 JPY Billion [+]
Mexico 558.30 Feb/15 -3248.00 1710.25 -3292.30 USD Million [+]
Netherlands 6009.00 Feb/15 4657.10 6009.00 -907.60 EUR Million [+]
Russia 13600.00 Mar/15 13597.00 20356.00 -185.00 USD Million [+]
South Korea 8380.51 Mar/15 7706.30 8380.51 -4043.45 USD Million [+]
Spain -2037200.00 Feb/15 -2596200.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 2525.00 Mar/15 2316.16 3894.91 -1478.68 CHF million [+]
Turkey -4655.64 Feb/15 -4320.27 24.51 -10453.06 USD Million [+]
United Kingdom -2859.00 Feb/15 -1536.00 2946.00 -5397.00 GBP Million [+]
United States -35444.00 Feb/15 -42676.00 1946.00 -67823.00 USD Million [+]