Spain Balance of Trade

Spain recorded a trade deficit of 1756166 EUR Thousand in May of 2014. Balance of Trade in Spain averaged -1770560.45 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
-1756166.00 -2154810.00 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.


Spanish Trade Deficit Widens in May


The Spanish trade gap increased to € 1.75 billion in May of 2014 from a € 0.27 billion shortfall a year earlier, hurt by a sharp drop in sales of oil and derivatives.

Year-on-year, exports fell 1.3 percent to €20.63 billion, as sales of oil and derivatives decreased 32.7 percent, mainly due to price fluctuations. Shipments to countries outside the Euro Area decreased 5.2 percent while those to the Eurozone rose 0.9 percent.

Imports rose by an annual 7 percent to €22.38 billion in May. 

On a monthly basis, unadjusted exports rose 5 percent and imports increased 2.7 percent. The country’s trade deficit narrowed 18.5 percent in May.

Joana Taborda | joana.taborda@tradingeconomics.com
7/16/2014 2:54:35 PM


Recent Releases

Spanish Trade Deficit Up to 3-Month High
The Spanish trade gap increased for the second straight month to € 2.15 billion in April of 2014 from a € 2.05 billion shortfall in the preceding month, as exports fell more than imports. Compared with the same month of 2013, the trade deficit widened 31.2 percent. Published on 2014-06-19

Spain Trade Deficit Widens in March
Spanish trade gap increase to € 2.05 billion in March of 2014 from a € 1.6 billion deficit in the previous month, as rising exports were not enough to offset a strong pick up in imports. A year earlier, the country posted a € 0.64 billion surplus. Published on 2014-05-19


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-04-16 05:00 PM Spain
Balance of Trade
Feb 2014 € -1.62B € -2.82B € -1.6B
2014-05-19 09:30 AM Spain
Balance of Trade
Mar 2014 € -2.05B € -1.62B € -2.1B
2014-06-19 09:00 AM Spain
Balance of Trade
Apr 2014 € -2.15B € -2.05B € -2.3B € -2.4B
2014-07-16 09:20 AM Spain
Balance of Trade
May 2014 € -1.76B € -2.15B € -2.1B € -2.4B
2014-08-18 09:15 AM Spain
Balance of Trade
Jun 2014 € -1.76B € -2.5B


Trade Last Previous Highest Lowest Unit
Balance of Trade -1756166.00 -2154810.00 634935.00 -9834766.00 EUR Thousand [+]
Exports 20626409.72 19645234.51 21464846.04 14286.06 Thousand EUR [+]
Imports 22382600.00 21800044.51 26017059.86 37437.07 EUR Thousand [+]
Current Account -1636.46 -1845.71 3007.14 -12219.92 EUR Million [+]
Current Account to GDP 0.80 -1.20 1.50 -10.00 Percent [+]
Terms of Trade 103.40 101.60 123.70 62.20 Index Points [+]
Foreign Direct Investment 2073.13 255.64 23218.65 -8235.20 EUR Million [+]
Remittances 1271.00 1349.00 1609.00 252.00 EUR Million [+]
Tourist Arrivals 9555626.00 8861401.00 14291908.00 2691102.00 [+]
Gold Reserves 281.61 281.61 523.47 281.61 Tonnes [+]





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