Spain Balance of Trade 1962-2015 | Data | Chart | Calendar | Forecast

Spain recorded a trade deficit of 1657308 EUR Thousand in May of 2015. Balance of Trade in Spain averaged -1774099.58 EUR Thousand from 1962 until 2015, 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
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Actual Previous Highest Lowest Dates Unit Frequency
-1657308.00 -2253100.00 634935.00 -9834766.00 1962 - 2015 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. Content for - Spain Balance of Trade - was last refreshed on Wednesday, July 29, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-05-20 08:45 AM Mar €-0.89B €-2.04B € -1.9B
2015-06-18 08:30 AM Apr €-2.25B €-0.89B € -1.9B
2015-07-20 09:00 AM May €-1.66B €-2.25B € -1.8B
2015-08-20 09:00 AM Jun €-1.66B € -1.9B
2015-09-20 09:00 AM Jul € -1.7B
2015-10-20 09:00 AM Aug € -2B


Spanish Trade Deficit Narrows in May


Spain’s trade gap shrank 5.6 percent to €1.66 billion in May of 2015, compared to a €1.77 billion deficit a year earlier. While exports increased 1.9 percent, imports rose at a slower 1.3 percent.

Exports expanded to €21.03 billion from €20.62 billion in May 2014. The automotive sector was the main contributor to the growth, which increased 14.9 percent compared to a year earlier. Chemicals sector exports expanded 9.2 percent and food, beverages and tabacco sales grew by 5.3 percent. Also, exports of manufactured consumer goods rose 5.6 percent. Among European Union countries, sales addressed to Belgium were up 21.4 percent and exports to Italy, the UK and France grew 10.8 percent, 6.8 percent and 1.8 percent, respectively.

Imports increased to €22.68 billion from €22.38 billion a year ago.

Meanwhile , the non-energy balance showed a surplus of €686.9 million (€1617.9 million in May 2014) and the energy deficit fell by 30.5 percent, thanks not only to lower energy prices but also to smaller quantities imported.

So far this year, the value of exports grew 4.3 percent to €102.92 billion while imports increased at a slower 3 percent to €112.35 billion, thus improving the trade deficit by 9.3 percent when compared to the same period of 2014.

Joana Ferreira | joana.ferreira@tradingeconomics.com
7/20/2015 9:36:43 AM


Recent Releases

Spanish Trade Deficit Widens in April
Spain’s trade gap rose to €2.25 billion in April of 2015, up from a €2.15 billion deficit a year earlier. While exports increased 6.5 percent, imports rose at a slower 6.3 percent.
Published on 2015-06-18

Spanish Trade Deficit at 20-Month Low
Spain recorded a €0.89 billion trade gap in March of 2015, narrowing from a €2.05 billion shortfall a year earlier. It is the smallest deficit since July of 2013 as exports reached a record high.
Published on 2015-05-20

Spanish Trade Deficit Widens in February
Spain’s trade gap rose to €2.04 billion in February of 2015, up 25.6 percent from a year earlier. While exports increased 2.8 percent to its highest on record for a month of February, imports rose 4.5 percent.
Published on 2015-04-20

Spain Reports €2.6 Billion Trade Deficit in January
Spanish trade deficit decreased by 7.9 percent year-on-year to €2.6 billion in January of 2015, as both exports and imports fell. The contraction was mostly due to calendar effects since there were less working days in January of 2015.
Published on 2015-03-20


Spain Trade Last Previous Highest Lowest Unit
Balance of Trade -1657308.00 -2253100.00 634935.00 -9834766.00 EUR Thousand [+]
Exports 21025250.44 20918300.00 23218300.00 14286.06 Thousand EUR [+]
Imports 22682558.00 23171400.00 26017059.86 37437.07 EUR Thousand [+]
Current Account -232.00 936.00 4025.00 -12368.00 EUR Million [+]
Current Account to GDP 0.80 1.40 1.50 -9.60 percent [+]
Terms of Trade 106.60 103.10 123.70 62.20 Index Points [+]
Foreign Direct Investment 6536.00 582.34 23218.65 -8219.20 EUR Million [+]
Remittances 1271.00 1349.00 1610.00 252.00 EUR Million [+]
Tourist Arrivals 10138811.00 9939147.00 15198375.00 2691102.00 [+]
Gold Reserves 281.58 281.58 523.47 281.58 Tonnes [+]
Crude Oil Production 5.00 4.00 16.57 1.00 BBL/D/1K [+]
External Debt 1783874000.00 1694611000.00 1783874000.00 601897024.00 EUR Thousand [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -2751.00 May/15 -4136.00 2254.00 -4136.00 AUD Million [+]
Brazil 4527.00 Jun/15 2761.00 5659.37 -4058.14 USD Million [+]
Canada -3339.60 May/15 -2992.00 8524.80 -3853.00 CAD Million [+]
China 465.36 Jun/15 588.67 606.19 -319.71 USD Hundred Million [+]
Euro Area 18800.00 May/15 24941.50 24941.50 -16748.10 EUR Million [+]
France -4020.00 May/15 -3310.00 2674.00 -7086.00 EUR Million [+]
Germany 19600.00 May/15 21900.00 23468.80 -535.91 EUR Million [+]
India -10830.00 Jun/15 -10406.20 258.90 -20210.90 USD Million [+]
Indonesia 477.00 Jun/15 1076.60 4641.92 -2329.13 USD Million [+]
Italy 4184.00 May/15 3728.00 6923.00 -6389.30 EUR Million [+]
Japan -69.00 Jun/15 -217.18 1608.67 -2795.04 JPY Billion [+]
Mexico -749.00 Jun/15 -1017.00 1710.25 -3292.30 USD Million [+]
Netherlands 3191.00 May/15 5434.70 6211.40 -907.60 EUR Million [+]
Russia 15309.00 May/15 15037.00 20356.00 -185.00 USD Million [+]
South Korea 10243.00 Jun/15 6300.98 10243.00 -4043.45 USD Million [+]
Spain -1657308.00 May/15 -2253100.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3578.49 Jun/15 3408.61 3894.91 -1478.68 CHF million [+]
Turkey -6753.00 May/15 -4966.00 24.51 -10453.06 USD Million [+]
United Kingdom -393.00 May/15 -1834.00 2946.00 -5397.00 GBP Million [+]
United States -41871.00 May/15 -40698.00 1946.00 -67823.00 USD Million [+]