Spain Balance of Trade  1962-2016 | Data | Chart | Calendar | Forecast

Spain's trade deficit dropped 34 percent to €1.4 billion in June 2016 from €2.0 billion a year earlier, as exports rose 2.1 percent while imports fell 0.9 percent. In the first half of the year, the trade deficit fell 31.4 percent to €7.9 billion, driven by a 2.3 percent increase in exports, which hit a new record high for that period. Balance of Trade in Spain averaged -1773418.93 EUR Thousand from 1962 until 2016, 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 Ministerio de Economia Y Competitividad.

Spain Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
-1357000.00 -940929.00 634935.00 -9834766.00 1962 - 2016 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 the latest reported value for - Spain Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Balance of Trade - actual data, historical chart and calendar of releases - was last updated on August of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-06-20 07:45 AM Apr €-0.64B €-0.79B € -2.2B
2016-07-21 07:30 AM May €-0.94B €-0.64B €-0.8B € -1.5B
2016-08-19 07:00 AM Jun €-1.4B €-0.94B € -1.2B € -2.6B
2016-09-22 08:00 AM Jul €-1.4B € -1.2B
2016-10-20 08:00 AM Aug € -3.4B
2016-11-21 09:00 AM Sep € -3.0B

Spain Trade Gap Narrows 34% YoY in June


Spain's trade deficit dropped 34 percent to €1.4 billion in June 2016 from €2.0 billion a year earlier, as exports rose 2.1 percent while imports fell 0.9 percent. In the first half of the year, the trade deficit fell 31.4 percent to €7.9 billion, driven by a 2.3 percent increase in exports, which hit a new record high for that period.

Total exports rose 2.1 percent year-on-year to €22.681 million, hitting its highest value since the beginning of the historical series for a June month. Contributions to export growth came from the automotive sector (contribution of 2.7 points), capital goods (1.5 points), food, beverages and tobacco (0.9 points) and articles consumption (0.4 points). On the contrary, the only sectors that contributed negatively were other goods (contribution of -1.6 points), chemical products (contribution -0.8 points), non-chemical semi-manufactured good (contribution -0.7 points) and energy products (-0.4 points).

Exports to the EU rose 6.4 percent year-on-year; those for the euro zone increased by 4.6 percent and those to the rest of the European Union went up 13.6 percent. Among our main partners, exports rose to Germany (+8.9 percent), Italy (+18 percent) and the UK (+19.4 percent). Exports to countries outside the European Union fell 5.4 percent from the same month last year. By region, sales dropped to Australia (-20.9 percent), Saudi Arabia (-61.4 percent), the United Arab Emirates (-9.4 percent), Chile (-5 percent), Mexico (-8.2 percent), Argentina (-24.6 percent) and Brazil (-9.5 percent). Increases were reported to China (+22.1 percent), Morocco (+26 percent) and Canada (+2 percent).

Total imports decreased by 0.9 percent to €24.038 million.

In the first half of the year, Spanish trade deficit fell 31.4 percent to €7.9 billion, driven by a 2.3 percent increase in exports, which hit a new record high for that period; while imports fell 0.5 percent.

Mineco | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/19/2016 8:47:54 AM

Spain Trade Last Previous Highest Lowest Unit
Balance of Trade -1357000.00 -940929.00 634935.00 -9834766.00 EUR Thousand [+]
Exports 22681000.00 22014135.48 23507852.81 14286.06 EUR Thousand [+]
Imports 24037900.00 22955100.00 26017059.86 37437.07 EUR Thousand [+]
Current Account 2842.00 2635.00 4221.00 -12368.00 EUR Million [+]
Current Account to GDP 1.50 1.40 1.50 -9.60 percent [+]
Terms of Trade 106.90 107.70 123.70 62.20 Index Points [+]
Foreign Direct Investment 2163.00 2920.00 23250.00 -8986.00 EUR Million [+]
Capital Flows -786.00 10800.00 15589.00 -9850.00 EUR Million [+]
Remittances 1271.00 1349.00 1610.00 252.00 EUR Million [+]
Tourist Arrivals 7184.76 9266.80 9266.80 1397.41 Thousand [+]
Gold Reserves 281.58 281.58 523.47 281.58 Tonnes [+]
External Debt 1838834000.00 1815216000.00 1838834000.00 601897024.00 EUR Thousand [+]
Crude Oil Production 4.00 3.00 16.57 1.00 BBL/D/1K [+]
Terrorism Index 2.62 2.73 6.52 2.62 [+]
Weapons Sales 1279.00 1062.00 1429.00 2.00 USD Million [+]




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Argentina 270.00 Jul/16
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Brazil 4578.00 Jul/16
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Denmark 7481.80 Jun/16
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Ecuador 235011.00 Jun/16
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Germany 24869.00 Jun/16
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India -7761.40 Jul/16
Indonesia 598.30 Jul/16
Iran 4258.00 Dec/15
Iraq 38780.80 Dec/14
Ireland 4502100.00 Jun/16
Israel -1600.20 Jul/16
Italy 4662.00 Jun/16
Ivory Coast 890.60 Dec/14
Jamaica -761100.00 Dec/15
Japan 513.51 Jul/16
Jordan -702809.00 May/16
Kazakhstan 1055.00 Jun/16
Kenya -79107.00 Jun/16
Kosovo -216894.00 Jun/16
Kuwait 402.00 Mar/16
Kyrgyzstan -222.60 May/16
Laos -594.89 Dec/15
Latvia -169.00 Jun/16
Lebanon -1258.95 Jun/16
Lesotho -3543.23 Mar/16
Liberia -79.80 Apr/16
Libya -17675.60 Dec/14
Liechtenstein 326579.00 Jun/16
Lithuania -233.30 Jun/16
Luxembourg -0.44 Jun/16
Macau -4888852.71 Jun/16
Macedonia -183852.00 Jun/16
Madagascar -306742.00 Jun/16
Malawi -31524.80 Sep/15
Malaysia 5517.62 Jun/16
Maldives -165.70 Apr/16
Mali -100.60 Mar/15
Malta -241648.00 Jun/16
Mauritania -24.89 Dec/15
Mauritius -6215.00 Jun/16
Mexico -1827.09 Jul/16
Moldova -167.30 Jun/16
Monaco 7.80 Mar/16
Mongolia 15.20 Jul/16
Montenegro -175013.00 Jul/16
Morocco -16665.00 Jun/16
Mozambique -1754.40 Dec/15
Myanmar -639.40 Dec/15
Namibia -6141.52 Mar/16
Nepal -77662.70 Mar/16
Netherlands 4902.00 Jun/16
New Caledonia -9890.65 Jun/16
New Zealand -433.26 Jul/16
Nicaragua -195.00 May/16
Niger -441985.00 Sep/15
Nigeria -171309.90 Mar/16
North Korea -476.67 Dec/15
Norway 13951.12 Jul/16
Oman -45.20 Dec/15
Pakistan -217594.00 Jul/16
Palestine -408.60 May/16
Panama -939006.70 Jun/16
Papua New Guinea 3957.00 Dec/15
Paraguay 99931.00 Jul/16
Peru -277.50 Jun/16
Philippines -2098494.00 Jun/16
Poland 404.00 Jun/16
Portugal -923.50 Jun/16
Puerto Rico 2091.50 Apr/16
Qatar 6694.00 Jul/16
Republic of the Congo 4092.35 Dec/10
Romania -695.80 Jun/16
Russia 8114.00 Jun/16
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Sao Tome and Principe -24.59 Mar/16
Saudi Arabia 16295.00 Mar/16
Senegal -151.57 Jun/16
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Singapore 6519.51 Jul/16
Slovakia 515.00 Jun/16
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South Africa 12530.50 Jun/16
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Spain -1357000.00 Jun/16
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Sweden 1800.00 Jun/16
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Thailand 1213.00 Jul/16
Togo -68.29 Dec/14
Trinidad and Tobago 258.50 Dec/15
Tunisia -822.00 Jul/16
Turkey -6559.00 Jun/16
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Ukraine 11.40 Jun/16
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