Spain Balance of Trade  1962-2016 | Data | Chart | Calendar | Forecast

The trade deficit in Spain narrowed 71.7 percent year-on-year to €0.64 billion in April of 2016, the smallest trade gap on record for an April month. Exports increased 6.3 percent reaching a record high for an April month and boosted by auto sales. Imports decreased 1.2 percent due to lower energy cost. Balance of Trade in Spain averaged -1775334.58 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. Balance of Trade in Spain is reported by the Ministerio de Economia Y Competitividad.

Spain Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
-637300.00 -795890.00 634935.00 -9834766.00 1962 - 2016 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 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 June of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-04-21 07:50 AM Feb €-1.76B €-2.39B €-1.9B € -1.9B
2016-05-20 08:00 AM Mar €-0.79B €-1.76B €-1.9B € -1.3B
2016-06-20 07:45 AM Apr €-0.64B €-0.79B € -2.2B
2016-07-21 08:00 AM May €-0.64B € -1.5B
2016-08-19 08:00 AM Jun € -2.6B
2016-09-22 08:00 AM Jul € -1.2B

Spain Posts Record Low April Trade Gap


The trade deficit in Spain narrowed 71.7 percent year-on-year to €0.64 billion in April of 2016, the smallest trade gap on record for an April month. Exports reached a record high for an April month boosted by auto sales while energy products dragged imports down.

Exports increased 6.3 percent year-on-year to €22.2 billion as outbound shipments increased for automobile sector (+30.9 percent); capital goods (+16.5 percent); consumer goods (+15 percent) and food, beverages and tobacco (+6.9 percent). In contrast, sales were lower for other goods (-55.1 percent); energy products (-21.9 percent) and raw materials (-21.2 percent). 

The European Union accounted for 66.2 percent of total exports, with sales up 5.5 percent. Shipments to the Euro Zone went up 11.2 percent mainly due to Germany, France and Italy. Shipments to countries outside which accounted for 33.8 percent of total exports remained steady.

Imports decreased 1.2 percent year-on-year to €22.8 billion dragged by energy products (-33.9 percent), raw materials (-14.8 percent) and non-chemical semi-manufactures (-4.9 percent). 

Considering the first four months of the year, the trade deficit narrowed 28.2 percent to €5.6 billion, as exports grew 1.8 percent to a record €83.3 million while imports fell 0.8 percent to €88.9 million. 

Mineco | Francisco Caeiro | francisco.caeiro@tradingeconomics.com
6/20/2016 11:11:47 AM

Spain Trade Last Previous Highest Lowest Unit
Balance of Trade -637300.00 -795890.00 634935.00 -9834766.00 EUR Thousand [+]
Exports 22244700.00 22443055.89 23507852.81 14286.06 EUR Thousand [+]
Imports 22882000.00 23238946.00 26017059.86 37437.07 EUR Thousand [+]
Current Account 836.00 -664.00 4221.00 -12368.00 EUR Million [+]
Current Account to GDP 1.50 1.40 1.50 -9.60 percent [+]
Terms of Trade 107.60 111.00 123.70 62.20 Index Points [+]
Foreign Direct Investment 2300.00 208.00 23250.00 -8986.00 EUR Million [+]
Capital Flows -293.00 -4724.00 15589.00 -9850.00 EUR Million [+]
Remittances 1271.00 1349.00 1610.00 252.00 EUR Million [+]
Tourist Arrivals 7184.76 9266.80 9266.80 1397.41 Thousand [+]
Gold Reserves 281.58 281.58 523.47 281.58 Tonnes [+]
External Debt 1815216000.00 1811545000.00 1815216000.00 601897024.00 EUR Thousand [+]
Crude Oil Production 4.00 3.00 16.57 1.00 BBL/D/1K [+]
Terrorism Index 2.62 2.73 6.52 2.62 [+]
Weapons Sales 1279.00 1062.00 1429.00 2.00 USD Million [+]




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Brazil 6437.00 May/16
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Czech Republic 56003.00 Apr/16
Denmark 7736.70 Apr/16
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Germany 25607.00 Apr/16
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India -6272.90 May/16
Indonesia 375.60 May/16
Iran 4258.00 Dec/15
Iraq 38780.80 Dec/14
Ireland 4533900.00 Apr/16
Israel -950.30 Apr/16
Italy 4519.87 Apr/16
Ivory Coast 890.60 Dec/14
Jamaica -761100.00 Dec/15
Japan -40.72 May/16
Jordan -887215.00 Mar/16
Kazakhstan 711.70 Apr/16
Kenya -72360.00 Apr/16
Kosovo -227670.00 Apr/16
Kuwait 402.00 Mar/16
Kyrgyzstan -216.90 Mar/16
Laos -488.34 Sep/15
Latvia -164.00 May/16
Lebanon -1373.07 Apr/16
Lesotho -2961.47 Dec/15
Liberia -115.60 Mar/16
Libya -17675.60 Dec/14
Liechtenstein 371580.00 Mar/16
Lithuania -242.70 Apr/16
Luxembourg -0.39 Apr/16
Macau -4817945.50 Apr/16
Macedonia -192142.00 Apr/16
Madagascar 101517.00 Mar/16
Malawi -31524.80 Sep/15
Malaysia 9060.00 Apr/16
Maldives -165.70 Apr/16
Mali -100.60 Mar/15
Malta -247000.00 Apr/16
Mauritania -24.89 Dec/15
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Mexico -2079.60 Apr/16
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Monaco 7.80 Mar/16
Mongolia 124.70 Apr/16
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Nepal -58541.90 Dec/15
Netherlands 4942.00 Apr/16
New Caledonia -11870.00 Mar/16
New Zealand 292.00 Apr/16
Nicaragua -234.30 Mar/16
Niger -441985.00 Sep/15
Nigeria 171309.90 Mar/16
North Korea -476.67 Dec/15
Norway 6567.00 May/16
Oman -45.20 Dec/15
Pakistan -227733.00 May/16
Palestine -326.70 Mar/16
Panama -843451.00 Apr/16
Papua New Guinea 3957.00 Dec/15
Paraguay 54678.00 May/16
Peru 13.00 Apr/16
Philippines -2275000.00 Apr/16
Poland 520.00 Apr/16
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Puerto Rico 2415.30 Mar/16
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Republic of the Congo 4092.35 Dec/10
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Russia 6750.00 Apr/16
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Singapore 6124.50 May/16
Slovakia 404.00 Apr/16
Slovenia 114.18 Apr/16
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South Africa 430.54 Apr/16
South Korea 7100.00 May/16
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Spain -637300.00 Apr/16
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Sweden 4400.00 Apr/16
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Tanzania 100.80 Mar/16
Thailand 1540.00 May/16
Togo -68.29 Dec/14
Trinidad and Tobago 258.50 Dec/15
Tunisia -1090.30 May/16
Turkey -4207.02 Apr/16
Turkmenistan 2431.94 Dec/14
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Ukraine -230.30 Mar/16
United Arab Emirates 328300.00 Dec/15
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