Spain Balance of Trade 1962-2014 | Data | Chart | Calendar | Forecast

Spain recorded a trade deficit of 1826700 EUR Thousand in July of 2014. Balance of Trade in Spain averaged -1770207.02 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.

   
 
 

Spain Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
-1826700.00 -1477012.00 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 Friday, September 19, 2014.


Spain Trade Deficit Widens 132% in July


The Spanish trade gap increased to € 1.83 billion in July of 2014 from a € 0.79 billion shortfall a year earlier. Although exports increased to the highest value on record, imports rose at a faster pace.

Exports rose 8.7 percent year-on-year to € 21.58 billion while imports grew 13.4 percent to € 23.41 billion. 

Sales to Germany increased 8.5 percent, the highest gain since October of 2012, while sales to France dropped 0.9 percent and those to the United Kingdom went down for the seventh consecutive month by 18.2 percent. Meanwhile, sales to Japan increased 3.9 percent and those to the United States rose 4.7 percent. 

Exports from the automotive sector, accounting for 15.1 percent of total sales rose 14.9 percent and exports of manufacturing products increased 18.1 percent. 

Considering the first seven months of 2014, exports rose 1.6 percent over a year earlier and imports rose at a faster 6.5 percent, bringing the trade gap to € 13.7 billion (€ -6.6 billion in the same period of 2013). 

Joana Taborda | joana.taborda@tradingeconomics.com
9/17/2014 11:38:08 AM


Recent Releases

Spanish Trade Deficit Narrows to 11-Month Low
Spanish trade gap widened for the fifth straight month to € 1.47 billion in June of 2014 from a € 0.11 billion shortfall a year earlier as import surged and exports declined. Published on 2014-08-18

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. Published on 2014-07-16


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 €-1.47B € -1.76B € -2.5B
2014-09-17 09:00 AM Spain
Balance of Trade
Jul 2014 € -1.82B €-1.47B € -2.1B € -2.1B
2014-10-17 09:00 AM Spain
Balance of Trade
Aug 2014 € -1.82B € -2.4B


Trade Last Previous Highest Lowest Unit
Balance of Trade -1826700.00 -1477012.00 634935.00 -9834766.00 EUR Thousand [+]
Exports 21584800.00 20601332.09 21464846.04 14286.06 Thousand EUR [+]
Imports 23411500.00 22078300.00 26017059.86 37437.07 EUR Thousand [+]
Current Account 517.00 -584.00 3007.14 -12219.92 EUR Million [+]
Current Account to GDP 0.80 -1.20 1.50 -10.00 Percent [+]
Terms of Trade 101.00 103.40 123.70 62.20 Index Points [+]
Foreign Direct Investment 604.66 2073.13 23218.65 -8235.20 EUR Million [+]
Remittances 1271.00 1349.00 1609.00 252.00 EUR Million [+]
Tourist Arrivals 12964932.00 10017738.00 14291908.00 2691102.00 [+]
Gold Reserves 281.58 281.58 523.47 281.58 Tonnes [+]
Crude Oil Production 7.00 8.00 16.57 1.00 BBL/D/1K [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1359.00 Jul/14 -1564.00 2225.00 -3907.00 AUD Million [+]
Brazil 1168.00 Aug/14 1573.96 5659.37 -4058.14 USD Million [+]
Canada 2580.00 Jul/14 1830.00 8524.80 -2902.90 CAD Million [+]
China 498.30 Aug/14 473.01 498.30 -319.71 USD Hundred Million [+]
Euro Area 21200.00 Jul/14 16700.00 21780.80 -16638.00 EUR Million [+]
France -5539.00 Jul/14 -5576.00 2674.00 -7086.00 EUR Million [+]
Germany 23400.00 Jul/14 16600.00 23400.00 -535.91 EUR Million [+]
India -10838.56 Aug/14 -12228.60 258.90 -20210.90 USD Million [+]
Indonesia 130.00 Jul/14 -288.00 4641.92 -2329.13 USD Million [+]
Italy 6857.00 Jul/14 3236.30 6857.00 -6389.30 EUR Million [+]
Japan -948.50 Aug/14 -962.13 1608.67 -2795.04 JPY Billion [+]
Mexico -979.88 Jul/14 423.73 1710.25 -3292.30 USD Million [+]
Netherlands 2724.00 Jul/14 4455.40 4948.70 -907.60 EUR Million [+]
Russia 17068.00 Jul/14 13957.00 20356.00 -185.00 USD Million [+]
South Korea 3400.00 Aug/14 2398.95 6794.27 -4043.45 USD Million [+]
Spain -1826700.00 Jul/14 -1477012.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 1386.00 Aug/14 3901.00 3983.49 -1478.68 CHF million [+]
Turkey -6460.00 Jul/14 -7853.06 24.51 -10453.06 USD Million [+]
United Kingdom -3348.00 Jul/14 -2459.00 2946.00 -5269.00 GBP Million [+]
United States -40546.00 Jul/14 -40810.00 1946.00 -67823.00 USD Million [+]





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