Spain Balance of Trade 1962-2014 | Data | Chart | Calendar | Forecast

Spain recorded a trade deficit of 2373700 EUR Thousand in September of 2014. Balance of Trade in Spain averaged -1772742.95 EUR Thousand from 1962 until 2014, 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.

   
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Spain Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
-2373700.00 -2771962.00 634935.00 -9834766.00 1962 - 2014 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 Monday, November 24, 2014.


Spanish Trade Deficit Narrows in September


The Spanish trade gap decreased slightly to € 2.37 billion in September of 2014 from € 2.58 billion a year earlier, as exports reached the highest value for a September month.

Exports increased 9.6 percent year-on-year to € 21.19 billion. Sales to the European Union, accounting for 65 percent of total sales in September, rose 9.6 percent. Shipments to France increased 12.1 percent, those to Germany advanced 7.2 percent. Exports to South Korea recorded the highest increase (136 percent), followed by China (41.4 percent), Japan (40.8 percent) and the Unites States (28.9 percent).

By product, exports of cars and motorcycles rose 16.1 percent boosted by sales to France, Germany, South Korea and the United States. Exports of equipment goods increased 11.3 percent and oils sales grew 4.6 percent. 

Imports rose 7.5 percent to € 23.57 billion.

Considering the first nine months of 2014, exports increased 1.9 percent year-on-year while imports rose at a faster 6 percent, bringing the country’s shortfall to € 18.85 billion. 

Joana Taborda | joana.taborda@tradingeconomics.com
11/17/2014 11:12:42 AM


Recent Releases

Spain Trade Deficit Up to 7-Month High
In August 2014, the Spanish trade deficit widened to € 2.77 billion from a € 1.81 billion gap a year earlier, due to a drop in exports. Published on 2014-10-17

Spain Trade Deficit Widens 132% in July
The Spanish trade gap increased to € 1.83 billion in July of 2014 from a € 0.79 billion shortfall a year earlier. Although exports increased to the highest value on record, imports rose at a faster pace. Published on 2014-09-17


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-17 09:00 AM
Balance of Trade  Jul 2014
€ -1.82B €-1.47B € -2.1B € -2.1B
2014-10-17 09:00 AM
Balance of Trade  Aug 2014
€ -2.77B € -1.82B € -2.4B € -2.4B
2014-11-17 08:30 AM
Balance of Trade  Sep 2014
€ -2.37B € -2.77B € -2.7B € -2.7B


Spain Trade Last Previous Highest Lowest Unit
Balance of Trade -2373700.00 -2771962.00 634935.00 -9834766.00 EUR Thousand [+]
Exports 21198800.00 16341900.00 21584800.00 14286.06 Thousand EUR [+]
Imports 23572600.00 19113900.00 26017059.86 37437.07 EUR Thousand [+]
Current Account 1290.00 1403.00 3072.00 -12219.92 EUR Million [+]
Current Account to GDP 0.80 -1.20 1.50 -10.00 percent [+]
Terms of Trade 102.70 99.90 123.70 62.20 Index Points [+]
Foreign Direct Investment 6536.00 3556.00 23218.65 -8235.20 EUR Million [+]
Remittances 1271.00 1349.00 1609.00 252.00 EUR Million [+]
Tourist Arrivals 9372495.00 10890170.00 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 1672330000.00 1649751000.00 1778929236.00 601897024.00 EUR Thousand [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -2261.00 Sep/14 -1013.00 2227.00 -3892.00 AUD Million [+]
Brazil -1177.00 Oct/14 -939.00 5659.37 -4058.14 USD Million [+]
Canada 710.00 Sep/14 -463.00 8524.80 -2902.90 CAD Million [+]
China 454.05 Oct/14 309.43 498.30 -319.71 USD Hundred Million [+]
Euro Area 18486.50 Sep/14 8632.50 21553.00 -16638.00 EUR Million [+]
France -4715.00 Sep/14 -5025.00 2674.00 -7086.00 EUR Million [+]
Germany 21900.00 Sep/14 14100.00 23400.00 -535.91 EUR Million [+]
India -13350.00 Oct/14 -14247.42 258.90 -20210.90 USD Million [+]
Indonesia -270.30 Sep/14 -312.00 4641.92 -2329.13 USD Million [+]
Italy 2014.00 Sep/14 2056.00 6923.00 -6389.30 EUR Million [+]
Japan -709.99 Oct/14 -958.30 1608.67 -2795.04 JPY Billion [+]
Mexico 590.00 Sep/14 -1123.00 1710.25 -3292.30 USD Million [+]
Netherlands 3498.00 Sep/14 2848.00 4948.70 -907.60 EUR Million [+]
Russia 12953.00 Sep/14 15848.00 20356.00 -185.00 USD Million [+]
South Korea 7500.00 Oct/14 3430.00 7500.00 -4043.45 USD Million [+]
Spain -2373700.00 Sep/14 -2771962.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3255.00 Oct/14 2489.00 3901.00 -1478.68 CHF million [+]
Turkey -6925.00 Sep/14 -8040.00 24.51 -10453.06 USD Million [+]
United Kingdom -2838.00 Sep/14 -1768.00 2946.00 -5269.00 GBP Million [+]
United States -43030.00 Sep/14 -39990.00 1946.00 -67823.00 USD Million [+]