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

The trade gap in Spain increased to EUR 3.13 billion in January of 2017 from a EUR 2.38 billion shortfall a year earlier. It is the biggest trade deficit since August of 2015 as exports increased 17.4 percent year-on-year and reached record high for a January month while imports jumped at a faster 19 percent. Balance of Trade in Spain averaged -1775832.53 EUR Thousand from 1962 until 2017, 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)
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 08:20 AM Jan €-3.13B €-2.45B €-2.7B
2017-04-21 08:00 AM Feb €-3.13B
2017-05-23 08:00 AM Mar
2017-06-20 08:00 AM Apr




Spanish Trade Deficit Widens 31.3% YoY in January


The trade gap in Spain increased to EUR 3.13 billion in January of 2017 from a EUR 2.38 billion shortfall a year earlier. It is the biggest trade deficit since August of 2015 as exports increased 17.4 percent year-on-year and reached another record high for a January month while imports jumped at a faster 19 percent.

Exports went up to EUR 21.44 billion, boosted by sales of equipment goods (14.3 percent), food, beverages and tobacco (1.79 percent) and autos (7.6 percent). Exports increased to the European Union (15.3 percent), namely Italy (28.7 percent), France (16.6 percent), Germany (13.7 percent) and the UK (2.2 percent). Outside the EU, shipments rose to Canada (24.8 percent), the US (19.5 percent), Argentina (25.6 percent), Brazil (15.8 percent), Chile (6.3 percent), China (52.7 percent), South Korea (22.1 percent), Hong Kong (32.5 percent), India (50.1 percent), Japan (22.8 percent), Saudi Arabia (8.8 percent), UAE (61.4 percent), Morocco (24.6 percent), South Africa (22.3 percent) and Australia (8.1 percent).

Imports rose to EUR 24.57 billion, due to purchases of equipment goods (13.2 percent), chemicals (7.5 percent), energy (74.4 percent), autos (7.9 percent) and food, beverages and tobacco (17.8 percent).

Spain recorded a EUR 1.77 billion trade surplus with the EU, higher than a EUR 1.35 billion surplus a year earlier. With non-EU countries, the trade deficit widened 33 percent year-on-year to EUR 4.9 billion. 

Mineco | Joana Taborda | joana.taborda@tradingeconomics.com
3/21/2017 10:54:40 AM



Spain Trade Last Previous Highest Lowest Unit
Balance of Trade -3134000.00 -2447000.00 634935.00 -9834766.00 EUR Thousand [+]
Exports 21440000.00 20731000.00 23507852.81 14286.06 EUR Thousand [+]
Imports 24574000.00 23178200.00 26017059.86 37437.07 EUR Thousand [+]
Current Account 3409.00 3257.00 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 10017.00 9322.00 15580.00 -9850.00 EUR Million [+]
Remittances 2607.00 2873.00 3434.00 732.00 EUR Million [+]
Tourist Arrivals 3904.30 3979.71 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 [+]
Weapons Sales 1279.00 1062.00 1429.00 2.00 USD Million [+]
Terrorism Index 1.20 2.62 6.52 1.20 [+]



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: equipment goods (20 percent of total exports); autos (18 percent); food, beverages and tobacco (17 percent) and chemicals (14 percent). The European Union accounts for 60 percent of Spain’s foreign trade. Main trading partners are France (15 percent of total exports and 11 percent of total imports) and Germany (11 percent of exports and 14 percent of imports). Others include: Italy, Portugal, United Kingdom, United States 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 March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-3134000.00 -2447000.00 634935.00 -9834766.00 1962 - 2017 EUR Thousand Monthly



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Australia 1302.00 Jan/17
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Chile 236.10 Feb/17
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Croatia -3332.68 Jan/17
Cuba -9578.00 Dec/15
Cyprus -317903.00 Jan/17
Czech Republic 48458.00 Jan/17
Denmark 4999.40 Jan/17
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East Timor -9404.27 Dec/16
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Germany 14800.00 Jan/17
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Guinea 32.97 Sep/16
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Guyana -133.90 Sep/16
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Honduras -452.80 Dec/16
Hong Kong -12345.00 Jan/17
Hungary 203000.00 Jan/17
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India -8896.30 Feb/17
Indonesia 1318.90 Feb/17
Iran 4127.00 Sep/16
Iraq 4397.00 Dec/15
Ireland 5745100.00 Jan/17
Israel -702.90 Feb/17
Italy -573.67 Jan/17
Ivory Coast 1256.00 Dec/15
Jamaica -723200.00 Jun/16
Japan 813.40 Feb/17
Jordan -709700.00 Jan/17
Kazakhstan 1289.20 Jan/17
Kenya -76470.00 Dec/16
Kosovo -125400.00 Jan/17
Kuwait 1693.00 Dec/16
Kyrgyzstan -114.40 Dec/16
Laos -339.15 Jun/16
Latvia -175.40 Jan/17
Lebanon -1372.78 Jan/17
Lesotho -2305.61 Sep/16
Liberia -82.20 Sep/16
Libya -7687.60 Dec/15
Liechtenstein 343493.00 Dec/16
Lithuania -214.10 Jan/17
Luxembourg -0.37 Dec/16
Macau -5586600.00 Jan/17
Macedonia -119844.00 Jan/17
Madagascar 20810.00 Dec/16
Malawi -53950.00 Mar/16
Malaysia 4711.86 Jan/17
Maldives -171.90 Nov/16
Mali -226.10 Sep/15
Malta -366567.00 Jan/17
Mauritania -79.64 Mar/16
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Mexico -3294.00 Jan/17
Moldova -127.30 Jan/17
Monaco -165.20 Sep/16
Mongolia 183.00 Feb/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 4582.00 Jan/17
New Caledonia -7307.00 Oct/16
New Zealand -18.29 Feb/17
Nicaragua -268.30 Dec/16
Niger -108402.00 Sep/16
Nigeria 227044.30 Dec/16
North Korea -476.67 Dec/15
Norway 23539.00 Feb/17
Oman 205.90 Nov/16
Pakistan -293929.00 Feb/17
Palestine -343.00 Jan/17
Panama -894143.61 Jan/17
Papua New Guinea 4593.00 Sep/16
Paraguay 100105.00 Feb/17
Peru 150.00 Jan/17
Philippines -2313784.93 Jan/17
Poland 225.00 Jan/17
Portugal -940.50 Jan/17
Puerto Rico 2830.80 Dec/16
Qatar 10981.00 Jan/17
Republic of the Congo 4092.35 Dec/10
Romania -602.20 Jan/17
Russia 11445.00 Jan/17
Rwanda -116.57 Nov/16
Sao Tome and Principe -27.04 Dec/16
Saudi Arabia 73133.00 Sep/16
Senegal -149.50 Jan/17
Serbia -319.10 Jan/17
Seychelles -39.60 Jan/17
Sierra Leone -52.89 Jun/16
Singapore 7752.90 Feb/17
Slovakia 152.00 Jan/17
Slovenia 45.30 Jan/17
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South Africa -10811.59 Jan/17
South Korea 7220.00 Feb/17
South Sudan -104.70 Dec/15
Spain -3134000.00 Jan/17
Sri Lanka -910.00 Jan/17
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Sweden 1500.00 Jan/17
Switzerland 3105.00 Feb/17
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Thailand 1610.00 Feb/17
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