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

Spain recorded a trade deficit of 890600 EUR Thousand in March of 2015. Balance of Trade in Spain averaged -1773532.74 EUR Thousand from 1962 until 2015, 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
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Actual Previous Highest Lowest Dates Unit Frequency
-890600.00 -2037200.00 634935.00 -9834766.00 1962 - 2015 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 Tuesday, May 26, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-03-20 08:40 AM Jan € -2.6B € -1.82B €-1.95B € -1.9B
2015-04-20 09:00 AM Feb €-2.04B € -2.6B €-2.0B € -1.7B
2015-05-20 08:45 AM Mar €-0.89B €-2.04B € -1.9B
2015-06-16 09:00 AM Apr €-0.89B € -2B
2015-07-16 09:00 AM May € -1.9B
2015-08-17 09:00 AM Jun € -2B


Spanish Trade Deficit at 20-Month Low


Spain recorded a €0.89 billion trade gap in March of 2015, narrowing from a €2.05 billion shortfall a year earlier. It is the smallest deficit since July of 2013 as exports reached a record high.

Exports surged 12.5 percent year-on-year to €23.22 billion, the highest value on record. Among European Union countries, sales rose the most to Italy (19.7 percent) and Germany (15.7 percent), followed by France (6.3 percent) and Portugal (6.2 percent). Outside Europe, the highest increases were recorded in sales to Saudi Arabia (167.7 percent), Mexico (60 percent), Chile (56.8 percent), South Korea (56.5 percent), Canada (46.2 percent), Argentina (38.7 percent) and Japan (17.5 percent).

Equipment goods were the main contributor to the rise in exports, accounting for 21.7 percent of total sales and rising 23.9 percent. Shipments from the auto sector rose 0.8 percent; food, drinks and tobaccos went up 19.2 percent and those of manufacturing increased 20.3 percent.

Imports increased 6.3 percent to €24.1 billion.

Considering the first quarter of 2015, exports rose 4.4 percent year-on-year and imports went up at a slower 2.5 percent, thus reducing the trade deficit by 14.9 percent. 

Joana Taborda | joana.taborda@tradingeconomics.com
5/20/2015 1:04:30 PM


Recent Releases

Spanish Trade Deficit Widens in February
Spain’s trade gap rose to €2.04 billion in February of 2015, up 25.6 percent from a year earlier. While exports increased 2.8 percent to its highest on record for a month of February, imports rose 4.5 percent. Published on 2015-04-20

Spain Reports €2.6 Billion Trade Deficit in January
Spanish trade deficit decreased by 7.9 percent year-on-year to €2.6 billion in January of 2015, as both exports and imports fell. The contraction was mostly due to calendar effects since there were less working days in January of 2015. Published on 2015-03-20


Spain Trade Last Previous Highest Lowest Unit
Balance of Trade -890600.00 -2037200.00 634935.00 -9834766.00 EUR Thousand [+]
Exports 23218300.00 19859900.00 23218300.00 14286.06 Thousand EUR [+]
Imports 24108900.00 21897100.00 26017059.86 37437.07 EUR Thousand [+]
Current Account -2034.00 -426.00 4025.00 -12368.00 EUR Million [+]
Current Account to GDP 0.80 -1.20 1.50 -10.00 percent [+]
Terms of Trade 104.50 105.30 123.70 62.20 Index Points [+]
Foreign Direct Investment 6536.00 582.34 23218.65 -8235.20 EUR Million [+]
Remittances 1271.00 1349.00 1610.00 252.00 EUR Million [+]
Tourist Arrivals 8787568.00 7056577.00 15198375.00 2691102.00 [+]
Gold Reserves 281.58 281.58 523.47 281.58 Tonnes [+]
Crude Oil Production 5.00 4.00 16.57 1.00 BBL/D/1K [+]
External Debt 1694611000.00 1704449000.00 1778929236.00 601897024.00 EUR Thousand [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1322.00 Mar/15 -1609.00 2254.00 -3877.00 AUD Million [+]
Brazil 491.00 Apr/15 458.00 5659.37 -4058.14 USD Million [+]
Canada -3019.00 Mar/15 -2215.00 8524.80 -3019.00 CAD Million [+]
China 341.34 Apr/15 30.81 606.19 -319.71 USD Hundred Million [+]
Euro Area 23372.90 Mar/15 20300.00 24009.80 -16638.00 EUR Million [+]
France -4575.00 Mar/15 -3623.00 2674.00 -7086.00 EUR Million [+]
Germany 23000.00 Mar/15 19515.32 23500.00 -535.91 EUR Million [+]
India -10990.00 Apr/15 -11790.00 258.90 -20210.90 USD Million [+]
Indonesia 454.40 Apr/15 1025.60 4641.92 -2329.13 USD Million [+]
Italy 4060.39 Mar/15 3537.91 6923.00 -6389.30 EUR Million [+]
Japan -53.44 Apr/15 227.43 1608.67 -2795.04 JPY Billion [+]
Mexico -85.30 Apr/15 479.80 1710.25 -3292.30 USD Million [+]
Netherlands 5401.00 Mar/15 6329.20 6329.20 -907.60 EUR Million [+]
Russia 14981.00 Mar/15 13597.00 20356.00 -185.00 USD Million [+]
South Korea 8488.00 Apr/15 8380.51 8488.00 -4043.45 USD Million [+]
Spain -890600.00 Mar/15 -2037200.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 2525.00 Mar/15 2316.16 3894.91 -1478.68 CHF million [+]
Turkey -6153.67 Mar/15 -4655.64 24.51 -10453.06 USD Million [+]
United Kingdom -2817.00 Mar/15 -3318.00 2946.00 -5397.00 GBP Million [+]
United States -51367.00 Mar/15 -35892.00 1946.00 -67823.00 USD Million [+]