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

The trade gap in Spain increased to EUR 1.5 billion in March of 2017 from a EUR 0.8 billion deficit a year earlier. Exports jumped 16.9 percent to a record high of EUR 26.2 billion and imports rose at a faster 19.1 percent to all-time high of EUR 27.7 billion. Balance of Trade in Spain averaged -1777086.56 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)
2017-03-21 08:20 AM Jan €-3.13B €-2.45B €-2.7B
2017-04-21 08:00 AM Feb €-2.61B €-3.13B €-1.9B
2017-05-23 08:10 AM Mar €-1.5B €-2.61B €-0.85B
2017-06-20 08:00 AM Apr €-1.5B
2017-07-21 08:00 AM May
2017-08-22 08:00 AM Jun




Spain Trade Gap Widens In March


The trade gap in Spain increased to EUR 1.5 billion in March of 2017 from a EUR 0.8 billion deficit a year earlier. Exports jumped 16.9 percent to a record high of EUR 26.2 billion and imports rose at a faster 19.1 percent to all-time high of EUR 27.7 billion.

Exports went up 16.9 percent to a record high of EUR 26.2 billion, driven by sales of energy (52.6 percent); equipment (15.4 percent), food, beverages and tobacco (15.6 percent), autos (9.9 percent) and chemicals (15.3 percent). Exports increased to the European Union (14.5 percent), namely Italy (23.4 percent), France (11.6 percent) and Germany (14.2 percent). Outside the EU, shipments rose the most to the US (39.8 percent), China (35.5 percent), Japan (11.6 percent), Brazil (22.4 percent), Mexico (15.2 percent), Saudi Arabia (13.4 percent) and Australia (18.6 percent).

Imports advanced 19.1 percent to all-time high of EUR 27.7 billion, mainly led by purchases of energy (52.1 percent), equipment goods (17.4 percent), chemicals (18.9 percent),  non-chemical semi-manufactures (26.8 percent), autos (13.9  percent) and raw materials (44.4 percent). Imports increased to the European Union (14.4 percent), namely Italy (27.9 percent), France (9.7 percent), Germany (15.8 percent). Outside the EU, shipments rose the most to the US (30 percent), Turkey (27.4 percent), Japan (17.2 percent), Brazil (28.4 percent), Mexico (61.4 percent).

Spain recorded a EUR 1.9 billion trade surplus with the EU, higher than a EUR 1.6 billion surplus a year earlier. With non-EU countries, the trade deficit rose 37.8 percent year-on-year to EUR 3.3 billion.

Mineco | Yekaterina Guchshina | yekaterina@tradingeconomics.com
5/23/2017 8:55:42 AM



Spain Trade Last Previous Highest Lowest Unit
Balance of Trade -1458000.00 -2606000.00 634935.00 -9834766.00 EUR Thousand [+]
Exports 26225000.00 22076000.00 26225000.00 14286.06 EUR Thousand [+]
Imports 27684000.00 24682000.00 27684000.00 37437.07 EUR Thousand [+]
Current Account -223.00 409.00 4482.00 -12368.00 EUR Million [+]
Current Account to GDP 1.50 1.40 1.50 -9.60 percent [+]
Terms of Trade 101.30 101.30 123.70 62.20 Index Points [+]
Foreign Direct Investment 2728.00 4832.00 23250.00 -10292.00 EUR Million [+]
Capital Flows -5016.00 5582.00 15580.00 -9850.00 EUR Million [+]
Remittances 3208.00 2624.00 3434.00 732.00 EUR Million [+]
Tourist Arrivals 4907.55 4118.21 10104.27 1397.41 Thousand [+]
Gold Reserves 281.58 281.58 523.47 281.58 Tonnes [+]
Crude Oil Production 2.00 2.00 17.00 1.00 BBL/D/1K [+]
External Debt 1865366000.00 1890465000.00 1890465000.00 601897024.00 EUR Thousand [+]
Tourism Revenues 3098.00 3409.00 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 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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 May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-1458000.00 -2606000.00 634935.00 -9834766.00 1962 - 2017 EUR Thousand Monthly



balance of trade by Country

Last
Australia 3107.00 Mar/17
Brazil 6969.00 Apr/17
Canada -134.70 Mar/17
China 380.48 Apr/17
Euro Area 30899.90 Mar/17
France -5353.00 Mar/17
Germany 25385.00 Mar/17
India -13249.19 Apr/17
Indonesia 1238.30 Apr/17
Italy 5418.04 Mar/17
Japan 481.75 Apr/17
Mexico -183.00 Mar/17
Netherlands 6719.00 Mar/17
Russia 12598.00 Mar/17
South Korea 13254.00 Apr/17
Spain -1458000.00 Mar/17
Switzerland 1968.25 Apr/17
Turkey -4492.00 Mar/17
United Kingdom -4900.00 Mar/17
United States -43706.00 Mar/17