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

Spain recorded a trade deficit of 1477000 EUR Thousand in June of 2014. Balance of Trade in Spain averaged -1770117.33 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
-1477000.00 -1756166.00 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 Wednesday, August 27, 2014.


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.

Year-on-year, exports fell 1.2 percent to € 20.6 billion in June of 2014, hurt by a 20.3 percent fall in commodity sales and a 47.1 percent drop in aircraft shipments. Base effects also accounted for the exports’ withdrawal as June 2013 was an exceptional month with sales reaching the highest value on record. 

While shipments to the European Union, which account for around 70 percent of total exports, shrank 2.9 percent, sales to the United States surged 18.3 percent, those to Canada jumped by 55.1 percent, Japan 36.6 percent, China 16.3 percent and Morocco 21.2 percent. 

Imports rose 5.35 percent to € 22.08 billion in June of 2014. 

Considering the first six months of 2014, exports rose 0.5 percent year-on-year while imports increased 5.3 percent. As a result, the country’s trade deficit reached € 11.89 billion. 

Joana Taborda | joana.taborda@tradingeconomics.com
8/18/2014 12:57:04 PM


Recent Releases

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

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


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


Trade Last Previous Highest Lowest Unit
Balance of Trade -1477000.00 -1756166.00 634935.00 -9834766.00 EUR Thousand [+]
Exports 20601300.00 20626409.72 21464846.04 14286.06 Thousand EUR [+]
Imports 22078300.00 22382600.00 26017059.86 37437.07 EUR Thousand [+]
Current Account -580.00 -1636.46 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 604.66 2073.13 23218.65 -8235.20 EUR Million [+]
Remittances 1271.00 1349.00 1609.00 252.00 EUR Million [+]
Tourist Arrivals 10017738.00 9555626.00 14291908.00 2691102.00 [+]
Gold Reserves 281.61 281.61 523.47 281.61 Tonnes [+]
Crude Oil Production 7.00 7.00 16.57 1.00 BBL/D/1K [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1683.00 Jun/14 -2043.00 2225.00 -3907.00 AUD Million [+]
Brazil 1575.00 Jul/14 2364.45 5659.37 -4058.14 USD Million [+]
Canada 1859.60 Jun/14 576.00 8524.80 -2902.90 CAD Million [+]
China 473.00 Jul/14 315.65 473.00 -319.71 USD Hundred Million [+]
Euro Area 16800.00 Jun/14 15400.00 21780.80 -16638.00 EUR Million [+]
France -5380.00 Jun/14 -5129.00 2674.00 -7004.00 EUR Million [+]
Germany 16406.00 Jun/14 17800.00 21410.60 -535.91 EUR Million [+]
India -12228.60 Jul/14 -11763.20 258.90 -20210.90 USD Million [+]
Indonesia -305.10 Jun/14 69.90 4641.92 -2329.13 USD Million [+]
Italy 3675.63 May/14 3517.00 6382.91 -6389.31 EUR Million [+]
Japan -963.99 Jul/14 -823.20 1608.67 -2795.04 JPY Billion [+]
Mexico 423.73 Jun/14 131.81 1710.25 -3292.30 USD Million [+]
Netherlands 4773.00 Jun/14 3337.10 4948.70 -907.60 EUR Million [+]
Russia 13957.00 Jun/14 18280.00 20356.00 -185.00 USD Million [+]
South Korea 2399.00 Jul/14 5453.83 6794.27 -4043.45 USD Million [+]
Spain -1477000.00 Jun/14 -1756166.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3983.49 Jul/14 1412.00 3983.49 -1478.68 CHF million [+]
Turkey -7853.06 Jun/14 -7146.21 24.51 -10453.06 USD Million [+]
United Kingdom -2459.00 Jun/14 -2364.00 2946.00 -5269.00 GBP Million [+]
United States -41538.00 Jun/14 -44392.00 1946.00 -67823.00 USD Million [+]





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