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

Spain recorded a trade deficit of 1555245 EUR Thousand in November of 2014. Balance of Trade in Spain averaged -1772793.70 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.

      Forecast    
Spain Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
-1555245.00 -2240060.00 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 Sunday, February 1, 2015.


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.

Exports increased 3.2 percent year-on-year to € 19.9 billion. Sales to Saudi Arabia jumped 59.1 percent; shipments to the United Arab Emirates increased 57.3 percent and those to the United States, South Korea, Mexico and Canada increased 53.5 percent, 45.5 percent, 40 percent and 31.8 percent, respectively. 

Exports to the European Union grew 0.8 percent, driven by a 4.6 percent rise in sales to Germany while sales to Italy increased 5.1 percent. In contrast, sales to Portugal shrank 21.6 percent.

By product, auto sales were the main driver of growth (up 6.3 percent), followed by manufactured products (up 9.7 percent). 

Imports rose 2 percent year-on-year to € 21.49 billion.

Considering the first eleven months of 2014, exports increased 2.2 percent year-on-year. Imports rose at a faster 5.8 percent, bringing the country’s shortfall to € 22.65 billion (€ -14.12 billion in the same period of 2013).

Joana Taborda | joana.taborda@tradingeconomics.com
1/16/2015 12:17:13 PM


Recent Releases

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

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. Published on 2014-11-17


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-11-17 08:30 AM
Balance of Trade  Sep
€ -2.37B € -2.77B € -2.7B € -2.7B
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
2015-02-16 09:00 AM
Balance of Trade  Dec
€ -1.55B € -2.2B
2015-03-16 09:00 AM
Balance of Trade  Jan
€ -1.9B
2015-04-16 09:00 AM
Balance of Trade  Feb
€ -1.7B


Spain Trade Last Previous Highest Lowest Unit
Balance of Trade -1555245.00 -2240060.00 634935.00 -9834766.00 EUR Thousand [+]
Exports 19944375.46 22347127.55 22347127.55 14286.06 Thousand EUR [+]
Imports 21499600.00 24587200.00 26017059.86 37437.07 EUR Thousand [+]
Current Account 1729.00 311.00 3072.00 -12219.92 EUR Million [+]
Current Account to GDP 0.80 -1.20 1.50 -10.00 percent [+]
Terms of Trade 102.60 103.30 123.70 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 6230836.00 6271790.00 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 -925.00 Nov/14 -877.00 2219.00 -3897.00 AUD Million [+]
Brazil 293.00 Dec/14 -2350.52 5659.37 -4058.14 USD Million [+]
Canada -644.30 Nov/14 -327.00 8524.80 -2902.90 CAD Million [+]
China 496.13 Dec/14 544.76 544.76 -319.71 USD Hundred Million [+]
Euro Area 19954.00 Nov/14 23646.00 23646.00 -16638.00 EUR Million [+]
France -3236.00 Nov/14 -4270.00 2674.00 -7086.00 EUR Million [+]
Germany 17883.46 Nov/14 22100.00 23400.00 -535.91 EUR Million [+]
India -9430.00 Dec/14 -16861.10 258.90 -20210.90 USD Million [+]
Indonesia -425.70 Nov/14 20.00 4641.92 -2329.13 USD Million [+]
Italy 3541.23 Nov/14 5396.00 6923.00 -6389.30 EUR Million [+]
Japan -660.70 Dec/14 -893.52 1608.67 -2795.04 JPY Billion [+]
Mexico 254.00 Dec/14 -1076.36 1710.25 -3292.30 USD Million [+]
Netherlands 5110.00 Nov/14 4849.00 5110.00 -907.60 EUR Million [+]
Russia 13359.00 Nov/14 14222.00 20356.00 -185.00 USD Million [+]
South Korea 5530.00 Jan/15 5750.00 7380.00 -4043.45 USD Million [+]
Spain -1555245.00 Nov/14 -2240060.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3868.33 Nov/14 3226.00 3901.00 -1478.68 CHF million [+]
Turkey -8505.55 Dec/14 -8306.48 24.51 -10453.06 USD Million [+]
United Kingdom -1406.00 Nov/14 -2246.00 2946.00 -5397.00 GBP Million [+]
United States -39001.00 Nov/14 -42249.00 1946.00 -67823.00 USD Million [+]