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

Spain recorded a trade deficit of 1821800 EUR Thousand in December of 2014. Balance of Trade in Spain averaged -1773212.88 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
-1821800.00 -1555245.00 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 Friday, March 6, 2015.


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.

Exports increased 5.7 percent year-on-year to € 19.35 billion in December while imports rose an annual 5.1 percent to € 21.17 billion.

Considering 2014 as a whole, the country posted a € 24.47 billion trade gap, widening 53.2 percent from 2013.

In 2014, sales rose 2.5 percent to € 24 billion, the highest on record. Shipments to the European Union, accounting for 63.4 percent of total sales increased 3.9 percent, driven by higher exports to Germany (up 5.7 percent), Italy (5.1 percent), the United Kingdom (4.3 percent), Poland (3.4 percent) and Portugal (3 percent). Outside Europe, sales rose to South Korea (53.6 percent), the United States (22.6 percent), Canada (18.6 percent) and Japan (18.4 percent). 

Among sectors, the car sector accounted for nearly 15 percent of total sales in 2014 (up 6.2 percent); sales of manufactured consumption goods rose 7.8 percent and natural gas sales increased 56.8 percent. 

Imports surged 5.7 percent to € 264.5 billion, mainly driven by a 19.4 percent increase in auto sales, a 13.5 percent surge in imports of industrial machinery and an 8 percent increase in communication apparel. 

Joana Taborda | joana.taborda@tradingeconomics.com
2/18/2015 2:39:29 PM


Recent Releases

Spanish Trade Deficit at 5-Month Low
Spanish trade gap narrowed 11.6 percent year-on-year to €1.55 billion in November of 2014, as a falling euro boosted exports to countries outside the Euro Area. Published on 2015-01-16

Spanish Trade Deficit Widens In October
The Spanish trade gap increased 64.86% to € 2.24 billion in October of 2014 from a € 1.36 billion gap a year before as imports grew at a faster pace than exports. Published on 2014-12-30


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-12-30 09:00 AM
Balance of Trade  Oct
€ -2.24B € -2.37B € -2.3B
2015-01-16 08:30 AM
Balance of Trade  Nov
€ -1.55B € -2.24B € -2.2B
2015-02-18 09:00 AM
Balance of Trade  Dec
€ -1.82B € -1.55B € -2.0B € -2.2B
2015-03-16 09:00 AM
Balance of Trade  Jan
€ -1.82B € -1.9B
2015-04-16 09:00 AM
Balance of Trade  Feb
€ -1.7B
2015-05-16 09:00 AM
Balance of Trade  Mar
€ -1.9B


Spain Trade Last Previous Highest Lowest Unit
Balance of Trade -1821800.00 -1555245.00 634935.00 -9834766.00 EUR Thousand [+]
Exports 19352500.00 19944375.46 22347127.55 14286.06 Thousand EUR [+]
Imports 21174300.00 21499600.00 26017059.86 37437.07 EUR Thousand [+]
Current Account 4848.00 1729.00 4848.00 -12219.92 EUR Million [+]
Current Account to GDP 0.80 -1.20 1.50 -10.00 percent [+]
Terms of Trade 100.00 102.60 123.70 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 5767158.00 6230836.00 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 1704449000.00 1683472000.00 1778929236.00 601897024.00 EUR Thousand [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -980.00 Jan/15 -503.00 2219.00 -3897.00 AUD Million [+]
Brazil -2842.00 Feb/15 -3173.95 5659.37 -4058.14 USD Million [+]
Canada -650.00 Dec/14 -340.00 8524.80 -2902.90 CAD Million [+]
China 600.30 Jan/15 496.13 544.76 -319.71 USD Hundred Million [+]
Euro Area 24300.00 Dec/14 21200.00 24300.00 -16638.00 EUR Million [+]
France -3726.00 Jan/15 -3296.00 2674.00 -7086.00 EUR Million [+]
Germany 19000.00 Dec/14 17900.00 23400.00 -535.91 EUR Million [+]
India -8320.00 Jan/15 -9430.00 258.90 -20210.90 USD Million [+]
Indonesia 709.40 Jan/15 186.80 4641.92 -2329.13 USD Million [+]
Italy 5756.00 Dec/14 3541.23 6923.00 -6389.30 EUR Million [+]
Japan -1177.50 Jan/15 -660.70 1608.67 -2795.04 JPY Billion [+]
Mexico -3248.00 Jan/15 254.00 1710.25 -3292.30 USD Million [+]
Netherlands 4891.20 Dec/14 5110.00 5110.00 -907.60 EUR Million [+]
Russia 12927.00 Dec/14 13359.00 20356.00 -185.00 USD Million [+]
South Korea 5530.00 Jan/15 5750.00 7380.00 -4043.45 USD Million [+]
Spain -1821800.00 Dec/14 -1555245.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3432.72 Jan/15 1514.42 3901.00 -1478.68 CHF million [+]
Turkey -4305.31 Jan/15 -8505.55 24.51 -10453.06 USD Million [+]
United Kingdom -2895.00 Dec/14 -1841.00 2946.00 -5397.00 GBP Million [+]
United States -46560.00 Dec/14 -39750.00 1946.00 -67823.00 USD Million [+]