Spain Balance of Trade  1962-2017 | Data | Chart | Calendar | Forecast

The trade gap in Spain increased to EUR 2.61 billion in February of 2017 from a EUR 1.76 billion deficit a year earlier. It is the second biggest trade deficit since August of 2015 as exports increased 8.3 percent year-on-year and reached a new record high for a February month while imports rose at a faster 11.4 percent. Balance of Trade in Spain averaged -1777086.56 EUR Thousand from 1962 until 2017, 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.

Spain Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-02-20 09:40 AM Dec €-2.45B €-1.25B €-1.1B
2017-03-21 08:20 AM Jan €-3.13B €-2.45B €-2.7B
2017-04-21 08:00 AM Feb €-2.61B €-3.13B €-1.9B
2017-05-23 08:00 AM Mar €-2.61B
2017-06-20 08:00 AM Apr
2017-07-21 08:00 AM May




Spain Trade Gap Widens 48.3% YoY In February


The trade gap in Spain increased to EUR 2.61 billion in February of 2017 from a EUR 1.76 billion deficit a year earlier. It is the second biggest trade deficit since August of 2015 as exports increased 8.3 percent year-on-year and reached a new record high for a February month while imports rose at a faster 11.4 percent.

Exports went up 8.3 percent to EUR 22.08 billion, driven by sales of energy (57.2 percent), food, beverages and tobacco (9.3 percent), autos (6.8 percent), consumer goods (12 percent) and chemicals (5.9 percent). Exports increased to the European Union (9.5 percent), namely Italy (21.4 percent), United Kingdom (13.4 percent), France (6.3 percent) and Germany (2.9 percent). Outside the EU, shipments rose the most to Canada (12.9 percent), Georgia (116.4 percent), China (23.1 percent), South Korea (36.1 percent), Vietnam (23.8 percent), Morocco (11.8 percent), Brasil (11.2 percent), Mexico (13.2 percent), Colombia (13.4 percent), Ecuador (30.5 percent) and Australia (9.4 percent).

Imports advanced 11.4 percent to EUR 24.68 billion, mainly led by purchases of energy (89.7 percent), equipment goods (14.9 percent) and non-chemical semi manufactures (6.9 percent).

Spain recorded a EUR 1.09 billion trade surplus with the EU, higher than a EUR 0.82 billion surplus a year earlier. With non-EU countries, the trade deficit rose 43.1 percent year-on-year to EUR 3.7 billion.

Mineco |Luisa Carvalho | luisa.carvalho@tradingeconomics.com
4/21/2017 11:18:30 AM



Spain Trade Last Previous Highest Lowest Unit
Balance of Trade -2606000.00 -3134000.00 634935.00 -9834766.00 EUR Thousand [+]
Exports 22076000.00 21440000.00 23507852.81 14286.06 EUR Thousand [+]
Imports 24682000.00 24574000.00 26017059.86 37437.07 EUR Thousand [+]
Current Account -223.00 409.00 4482.00 -12368.00 EUR Million [+]
Current Account to GDP 1.50 1.40 1.50 -9.60 percent [+]
Terms of Trade 101.30 101.30 123.70 62.20 Index Points [+]
Foreign Direct Investment 2728.00 4832.00 23250.00 -10292.00 EUR Million [+]
Capital Flows -5016.00 5582.00 15580.00 -9850.00 EUR Million [+]
Remittances 3208.00 2624.00 3434.00 732.00 EUR Million [+]
Tourist Arrivals 4907.55 4118.21 10104.27 1397.41 Thousand [+]
Gold Reserves 281.58 281.58 523.47 281.58 Tonnes [+]
External Debt 1865366000.00 1890465000.00 1890465000.00 601897024.00 EUR Thousand [+]
Crude Oil Production 2.00 2.00 17.00 1.00 BBL/D/1K [+]
Tourism Revenues 3098.00 3409.00 7102.00 890.00 EUR Million [+]
Weapons Sales 1279.00 1062.00 1429.00 2.00 USD Million [+]
Terrorism Index 1.20 2.62 6.52 1.20 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Spain Balance of Trade Notes

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: equipment goods (20 percent of total exports); autos (18 percent); food, beverages and tobacco (17 percent) and chemicals (14 percent). The European Union accounts for 60 percent of Spain’s foreign trade. Main trading partners are France (15 percent of total exports and 11 percent of total imports) and Germany (11 percent of exports and 14 percent of imports). Others include: Italy, Portugal, United Kingdom, United States 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 April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-2606000.00 -3134000.00 634935.00 -9834766.00 1962 - 2017 EUR Thousand Monthly



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Indonesia 1234.00 Mar/17
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Iraq 4397.00 Dec/15
Ireland 4735800.00 Feb/17
Israel -1036.10 Mar/17
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Jamaica -723200.00 Jun/16
Japan 614.72 Mar/17
Jordan -709700.00 Jan/17
Kazakhstan 1577.20 Feb/17
Kenya -76470.00 Dec/16
Kosovo -233399.00 Mar/17
Kuwait 1693.00 Dec/16
Kyrgyzstan -111.20 Feb/17
Laos -339.15 Jun/16
Latvia -151.80 Feb/17
Lebanon -1421.92 Feb/17
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Lithuania -250.20 Feb/17
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Netherlands 5585.00 Feb/17
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New Zealand 332.00 Mar/17
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Norway 22719.43 Mar/17
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Papua New Guinea 4593.00 Sep/16
Paraguay 118135.00 Mar/17
Peru 741.00 Feb/17
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Puerto Rico 2830.80 Dec/16
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