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

Spain's trade gap increased 36.4 percent year-on-year to EUR 2.45 billion in December 2016 from EUR 1.79 billion, as exports rose 2.9 percent while imports went up at a faster 5.6 percent. Excluding energy, the country recorded a EUR 911 million deficit compared to a EUR 210 million gap a year earlier. Considering full 2016, the trade shortfall declined 22.4 percent to EUR 18.8 billion, the second lowest since 1993, as exports went up 1.7 percent to a new record high, while imports edged down 0.4 percent. Balance of Trade in Spain averaged -1773774.70 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.

Spain Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-12-22 09:10 AM Oct €-1.8B €-2.23B € -1.6B
2017-01-19 09:00 AM Nov €-1.25B €-1.8B €-1.5B €-1.7B
2017-02-20 09:40 AM Dec €-2.45B €-1.25B €-1.1B
2017-03-21 09:00 AM Jan €-2.45B
2017-04-21 08:00 AM Feb
2017-05-23 08:00 AM Mar




Spain Trade Gap Widens 36.4% YoY In December


Spain's trade gap increased 36.4 percent year-on-year to EUR 2.45 billion in December 2016 from EUR 1.79 billion, as exports rose 2.9 percent while imports went up at a faster 5.6 percent. Excluding energy, the country recorded a EUR 911 million deficit compared to a EUR 210 million gap a year earlier. Considering full 2016, the trade shortfall declined 22.4 percent to EUR 18.8 billion, the second lowest since 1993, as exports went up 1.7 percent to a new record high, while imports edged down 0.4 percent.

Total exports advanced 2.9 percent to EUR 20.73 billion from EUR 20.16 billion a year earlier, driven by energy products (2.3 percentage points); food, beverages and tobacco (1.3 p.p.); non-chemical semi-manufactures (0.7 p.p.); raw materials (0.6 p.p.) and consumer goods (0.5 p.p.). 

Exports to the EU increased 4.9 percent year-on-year; of which those for the euro zone went up 6.6 percent and those to the rest of the European Union declined 1 percent. Among major trading partners, sales rose to Italy (10 percent), France (6.1 percent), Germany (1.6 percent) while decreased for the UK (-5.6 percent). Outside the EU, exports rose to the United States (5.6 percent) and Japan (5.4 percent) but fell to China (-6.4 percent).

Total imports increased 5.6 percent to EUR 23.2 billion compared to EUR 22 billion in December 2015, boosted by equipment goods (12.6 percent), energy (15.9 percent), non-energy (4.2 percent).

Considering full 2016, the trade deficit declined 22.4 percent to EUR 18.8 billion. Exports went up 1.7 percent to EUR 254.5 billion boosted by capital goods (2.5 percent), automobiles (5.9 percent) and food, beverages and tobacco (6.2 percent). Meanwhile, imports dropped 0.4 percent to EUR 273.3 billion dragged down by chemicals (-2.8 percent).

Exports to the EU advanced 4.1 percent, of which those for the euro zone went up 4.4 percent and those to the rest of the European Union by 2.9 percent. Outside the EU, exports decreased 2.6 percent, namely to Latin America (-9.1 percent), Middle East (-4.8 percent), Africa (-0.4 percent) and Oceania (-17.3 percent). By contrast, sales increased to North America (0.3 percent) and Asia, excluding Middle East (3 percent), namely to Canada (8.4 percent), China (13.4 percent), Hong Kong (10.2 percent) and Morocco (13 percent).


Mineco | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
2/20/2017 12:58:03 PM



Spain Trade Last Previous Highest Lowest Unit
Balance of Trade -2447000.00 -1246304.00 634935.00 -9834766.00 EUR Thousand [+]
Exports 20731000.00 23506897.11 23507852.81 14286.06 EUR Thousand [+]
Imports 23178200.00 24753000.00 26017059.86 37437.07 EUR Thousand [+]
Current Account 3257.00 2008.00 4482.00 -12368.00 EUR Million [+]
Current Account to GDP 1.50 1.40 1.50 -9.60 percent [+]
Terms of Trade 102.90 106.50 123.70 62.20 Index Points [+]
Foreign Direct Investment 1308.00 -3241.00 23250.00 -10292.00 EUR Million [+]
Capital Flows 9322.00 46.00 15580.00 -9850.00 EUR Million [+]
Remittances 2607.00 2873.00 3434.00 732.00 EUR Million [+]
Tourist Arrivals 3979.71 4100.01 10104.27 1397.41 [+]
Gold Reserves 281.58 281.58 523.47 281.58 Tonnes [+]
External Debt 1890465000.00 1878489000.00 1890465000.00 601897024.00 EUR Thousand [+]
Crude Oil Production 3.00 3.00 16.57 1.00 BBL/D/1K [+]
Tourism Revenues 3425.00 5413.00 7102.00 890.00 EUR Million [+]
Terrorism Index 1.20 2.62 6.52 1.20 [+]
Weapons Sales 1279.00 1062.00 1429.00 2.00 USD Million [+]



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: 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 February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-2447000.00 -1246304.00 634935.00 -9834766.00 1962 - 2016 EUR Thousand Monthly



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Angola 4470.03 Jun/16
Argentina -106.00 Jan/17
Armenia -115.70 Jan/17
Aruba -465.10 Sep/16
Australia 3511.00 Dec/16
Austria -284.00 Nov/16
Azerbaijan 981353.00 Sep/16
Bahamas -517.60 Sep/16
Bahrain 312.40 Dec/15
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Belarus -493.30 Dec/16
Belgium 1837.10 Dec/16
Belize -156.00 Dec/16
Benin -278.15 Sep/16
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Bolivia -116.89 Sep/16
Bosnia and Herzegovina -609171.99 Dec/16
Botswana 1541.10 Nov/16
Brazil 2724.00 Jan/17
Brunei 203.30 Dec/16
Bulgaria -408.10 Dec/16
Burkina Faso -86.40 Mar/16
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Canada 922.80 Dec/16
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Chad 1166.10 Dec/11
Chile 719.92 Jan/17
China 513.50 Jan/17
Colombia -0.67 Dec/16
Comoros -73203.00 Dec/16
Congo 1001.80 Dec/14
Costa Rica -539.10 Jan/17
Croatia -4663.06 Dec/16
Cuba -9578.00 Dec/15
Cyprus -407621.00 Dec/16
Czech Republic 21481.00 Dec/16
Denmark 3788.10 Dec/16
Djibouti -168260.00 Dec/15
Dominican Republic -589.40 Jun/16
East Timor -9404.27 Dec/16
Ecuador 15100.00 Dec/16
Egypt -2379.00 Dec/16
El Salvador -424.16 Dec/16
Equatorial Guinea 2723.70 Dec/10
Eritrea -833.00 Dec/15
Estonia -170.31 Dec/16
Ethiopia -3565.10 Sep/16
Euro Area 28142.20 Dec/16
European Union 20885.30 Dec/16
Fiji -204403.00 Sep/16
Finland -530.00 Dec/16
France -3421.00 Dec/16
Gabon 3711.95 Dec/13
Gambia -2344.80 Jun/16
Georgia -297.60 Jan/17
Germany 18700.00 Dec/16
Ghana -452.40 Sep/16
Greece -1566.60 Dec/16
Guatemala -488.00 Dec/16
Guinea 32.97 Sep/16
Guinea Bissau 8.20 Dec/15
Guyana -133.90 Sep/16
Haiti -236.40 Sep/16
Honduras -490.00 Nov/16
Hong Kong -12345.00 Jan/17
Hungary 173000.00 Dec/16
Iceland -6700.00 Jan/17
India -9840.90 Jan/17
Indonesia 1395.80 Jan/17
Iran 4127.00 Sep/16
Iraq 4397.00 Dec/15
Ireland 4017900.00 Dec/16
Israel -705.40 Jan/17
Italy 5797.75 Dec/16
Ivory Coast 1256.00 Dec/15
Jamaica -723200.00 Jun/16
Japan -1086.90 Jan/17
Jordan -721456.00 Dec/16
Kazakhstan 1443.10 Dec/16
Kenya -76470.00 Dec/16
Kosovo -247031.00 Dec/16
Kuwait 1385.00 Sep/16
Kyrgyzstan -114.40 Dec/16
Laos -339.15 Jun/16
Latvia -240.10 Dec/16
Lebanon -1292.24 Dec/16
Lesotho -2305.61 Sep/16
Liberia -82.20 Sep/16
Libya -7687.60 Dec/15
Liechtenstein 343493.00 Dec/16
Lithuania -238.00 Dec/16
Luxembourg -0.37 Dec/16
Macau -6002747.00 Dec/16
Macedonia -201662.00 Dec/16
Madagascar 20810.00 Dec/16
Malawi -53950.00 Mar/16
Malaysia 8720.00 Dec/16
Maldives -171.90 Nov/16
Mali -226.10 Sep/15
Malta -151832.00 Dec/16
Mauritania -79.64 Mar/16
Mauritius -7927.00 Dec/16
Mexico -3294.00 Jan/17
Moldova -197.50 Dec/16
Monaco -104.50 Jun/16
Mongolia 151.40 Jan/17
Montenegro -70238.00 Jan/17
Morocco -16689.00 Dec/16
Mozambique -434.30 Sep/16
Myanmar -303.20 May/16
Namibia -6654.37 Sep/16
Nepal -80884.00 Jun/16
Netherlands 5494.00 Dec/16
New Caledonia -7307.00 Oct/16
New Zealand -284.72 Jan/17
Nicaragua -294.50 Nov/16
Niger -108402.00 Sep/16
Nigeria -27238.30 Sep/16
North Korea -476.67 Dec/15
Norway 25045.75 Jan/17
Oman 90.00 Sep/16
Pakistan -309673.00 Jan/17
Palestine -372.00 Dec/16
Panama -1009640.52 Dec/16
Papua New Guinea 3223.00 Jun/16
Paraguay -209595.00 Jan/17
Peru 1023.00 Dec/16
Philippines -2564000.00 Dec/16
Poland -151.00 Dec/16
Portugal -1373.50 Dec/16
Puerto Rico 2204.40 Nov/16
Qatar 10981.00 Jan/17
Republic of the Congo 4092.35 Dec/10
Romania -1185.40 Dec/16
Russia 11834.00 Dec/16
Rwanda -116.57 Nov/16
Sao Tome and Principe -27.04 Dec/16
Saudi Arabia 73133.00 Sep/16
Senegal -96.90 Dec/16
Serbia -514.40 Dec/16
Seychelles -38.40 Dec/16
Sierra Leone -52.89 Jun/16
Singapore 3287.37 Jan/17
Slovakia -120.00 Dec/16
Slovenia 18.80 Dec/16
Somalia -1473.48 Dec/15
South Africa 12036.48 Dec/16
South Korea 3200.00 Jan/17
South Sudan -104.70 Dec/15
Spain -2447000.00 Dec/16
Sri Lanka -957.00 Dec/16
Sudan -477522.00 Dec/16
Suriname 42.20 Sep/16
Swaziland -320.72 Jun/16
Sweden 1000.00 Dec/16
Switzerland 4733.00 Jan/17
Syria 9394.50 Dec/10
Taiwan 3494.92 Jan/17
Tajikistan -196.00 Dec/16
Tanzania -26.00 Nov/16
Thailand 826.00 Jan/17
Togo -74.03 Jun/16
Trinidad and Tobago -364.10 Jun/16
Tunisia -1221.80 Jan/17
Turkey -5598.00 Dec/16
Turkmenistan 2181.97 Dec/15
Uganda -143.40 Dec/16
Ukraine -561.70 Dec/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -3304.00 Dec/16
United States -44262.00 Dec/16
Uruguay -127557.00 Dec/16
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam -1200.00 Feb/17
Yemen -2914.30 Dec/13
Zambia -998.80 Sep/16
Zimbabwe -241.27 Aug/16