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

Spain's trade gap declined 32.6 percent to €1.25 billion in November 2016 from €1.85 billion a year earlier, as exports rose more than imports mainly driven by sales of equipment goods, energy products and food, beverages and tobacco. Excluding energy, the country recorded a €192 million surplus swinging from a a €41 million gap a year earlier. Balance of Trade in Spain averaged -1772752.14 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.

Spain Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-11-21 10:40 AM Sep €-2.23B €-2.56B € -3.0B
2016-12-22 09:10 AM Oct €-1.8B €-2.23B € -1.6B
2017-01-19 09:00 AM Nov €-1.25B €-1.8B €-1.5B €-1.7B
2017-02-17 09:00 AM Dec €-1.25B
2017-03-21 09:00 AM Jan
2017-04-21 08:00 AM Feb




Spain Trade Deficit Narrows 32.6% YoY In November


Spain's trade gap declined 32.6 percent to €1.25 billion in November 2016 from €1.85 billion a year earlier, as exports rose more than imports mainly driven by sales of equipment goods, energy products and food, beverages and tobacco. Excluding energy, the country recorded a €192 million surplus swinging from a a €41 million gap a year earlier.

Total exports went up by 8.5 percent to €23.51 billion from €21.66 billion a year earlier, boosted by sales of equipment goods; energy products; food, beverages and tobacco; consumer goods; automotive sector and chemical products. 

Exports to the EU jumped 11 percent year-on-year; of which those for the euro zone went up by 13.9 percent and those to the rest of the European Union increase 0.8 percent. Among major trading partners, sales rose to France (16.9 percent), Germany (15.4 percent) and Italy (13.8 percent) while decreased for the UK (-0.9 percent). Exports to countries outside the European Union went up 3.8 percent from the same month last year. By region, exports increased to North America (8.4 percent), Latin America (4.7 percent), Asia excluding the Middle East (0.5 percent), the Middle East (7.1 percent) and Africa (6.1 percent) while decreased for Oceania (-8.2 percent). By country, sales rose to Canada (19.9 percent), the United States (7.1 percent), Mexico (21.6 percent), China (12.3 percent), Hong Kong (19.8 percent) and India (15.7 percent). By contrast , shipments decreased to Brazil (-12.8 percent), Argentina (-10.4 percent), Chile (-10 percent), Japan (-16.3 percent) and South Korea (-33.5 percent).

Total imports increased 5.3 percent to €24.75 billion compared to € 23.51 billion in November 2015.


Mineco | Deborah Neves | deborah.neves@tradingeconomics.com
1/19/2017 11:49:44 AM



Spain Trade Last Previous Highest Lowest Unit
Balance of Trade -1246304.00 -1833000.00 634935.00 -9834766.00 EUR Thousand [+]
Exports 23506897.11 21806000.00 23507852.81 14286.06 EUR Thousand [+]
Imports 24753000.00 23640000.00 26017059.86 37437.07 EUR Thousand [+]
Current Account 2008.00 1496.00 4482.00 -12368.00 EUR Million [+]
Current Account to GDP 1.50 1.40 1.50 -9.60 percent [+]
Terms of Trade 106.50 104.60 123.70 62.20 Index Points [+]
Foreign Direct Investment 4545.00 4236.00 23250.00 -10292.00 EUR Million [+]
Capital Flows 46.00 1267.00 15580.00 -9850.00 EUR Million [+]
Remittances 2768.00 2423.00 3434.00 732.00 EUR Million [+]
Tourist Arrivals 4100.01 7137.85 10104.27 1397.41 [+]
Gold Reserves 281.58 281.58 523.47 281.58 Tonnes [+]
External Debt 1890465000.00 1878489000.00 1890465000.00 601897024.00 EUR Thousand [+]
Crude Oil Production 3.00 3.00 16.57 1.00 BBL/D/1K [+]
Terrorism Index 1.20 2.62 6.52 1.20 [+]
Weapons Sales 1279.00 1062.00 1429.00 2.00 USD Million [+]



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: 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 January of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-1246304.00 -1833000.00 634935.00 -9834766.00 1962 - 2016 EUR Thousand Monthly



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Algeria -1308.00 Dec/15
Angola 4470.03 Jun/16
Argentina 100.00 Nov/16
Armenia -173.30 Nov/16
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Australia 1243.00 Nov/16
Austria -465.00 Oct/16
Azerbaijan 981353.00 Sep/16
Bahamas -517.60 Sep/16
Bahrain 312.40 Dec/15
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Belgium 2456.70 Nov/16
Belize -153.10 Nov/16
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Bolivia -116.89 Sep/16
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Botswana -2508.80 Oct/16
Brazil 4415.00 Dec/16
Brunei 296.10 Nov/16
Bulgaria -241.80 Nov/16
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Cambodia -554.50 Sep/16
Cameroon -1189.42 Dec/14
Canada 526.40 Nov/16
Cape Verde -5397.60 Oct/16
Cayman Islands -746.00 Dec/15
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile 1226.87 Dec/16
China 408.18 Dec/16
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Comoros -73203.00 Dec/16
Congo 1001.80 Dec/14
Costa Rica -569.90 Nov/16
Croatia -3668.67 Nov/16
Cuba -9578.00 Dec/15
Cyprus -338508.00 Nov/16
Czech Republic 37502.29 Nov/16
Denmark 5123.30 Nov/16
Djibouti -168260.00 Dec/15
Dominican Republic -589.40 Jun/16
East Timor -39175.91 Jun/16
Ecuador -112866.00 Nov/16
Egypt -2392.00 Nov/16
El Salvador -435.57 Nov/16
Equatorial Guinea 2723.70 Dec/10
Eritrea -833.00 Dec/15
Estonia -112.57 Nov/16
Ethiopia -3254.50 Jun/16
Euro Area 25941.20 Nov/16
European Union 6900.10 Nov/16
Fiji -204403.00 Sep/16
Finland -150.00 Nov/16
France -4377.00 Nov/16
Gabon 3711.95 Dec/13
Gambia -2344.80 Jun/16
Georgia -766.50 Dec/16
Germany 22618.00 Nov/16
Ghana -452.40 Sep/16
Greece -1554.80 Nov/16
Guatemala -691.30 Nov/16
Guinea 32.97 Sep/16
Guinea Bissau 8.20 Dec/15
Guyana -133.90 Sep/16
Haiti -236.40 Sep/16
Honduras -556.90 Sep/16
Hong Kong -34053.00 Nov/16
Hungary 280000.00 Nov/16
Iceland -4400.00 Dec/16
India -10369.40 Dec/16
Indonesia 992.10 Dec/16
Iran 4258.00 Dec/15
Iraq 4397.00 Dec/15
Ireland 4044600.00 Nov/16
Israel -1442.80 Dec/16
Italy 4202.85 Nov/16
Ivory Coast 1256.00 Dec/15
Jamaica -723200.00 Jun/16
Japan 153.00 Nov/16
Jordan -746551.00 Oct/16
Kazakhstan 1297.60 Nov/16
Kenya -73063.30 Oct/16
Kosovo -202700.00 Nov/16
Kuwait 1422.20 Sep/16
Kyrgyzstan -208.00 Nov/16
Laos -339.15 Jun/16
Latvia -122.10 Nov/16
Lebanon -1222.52 Oct/16
Lesotho -2305.61 Sep/16
Liberia -82.20 Sep/16
Libya -7687.60 Dec/15
Liechtenstein 327117.00 Sep/16
Lithuania -26.10 Nov/16
Luxembourg -0.80 Oct/16
Macau -6026970.00 Nov/16
Macedonia -186849.00 Nov/16
Madagascar -234693.00 Sep/16
Malawi -53950.00 Mar/16
Malaysia 9030.00 Nov/16
Maldives -157.50 Sep/16
Mali -226.10 Sep/15
Malta -102800.00 Nov/16
Mauritania -79.64 Mar/16
Mauritius -8218.00 Oct/16
Mexico 200.00 Nov/16
Moldova -135.80 Nov/16
Monaco -104.50 Jun/16
Mongolia 362.30 Dec/16
Montenegro -132470.00 Nov/16
Morocco -13866.00 Nov/16
Mozambique -434.30 Sep/16
Myanmar -181.40 Apr/16
Namibia -6654.37 Sep/16
Nepal -80884.00 Jun/16
Netherlands 5544.00 Nov/16
New Caledonia -7307.00 Oct/16
New Zealand -704.62 Nov/16
Nicaragua -212.90 Sep/16
Niger -108402.00 Sep/16
Nigeria -27238.30 Sep/16
North Korea -476.67 Dec/15
Norway 23279.00 Dec/16
Oman 119.20 Jul/16
Pakistan -289139.00 Dec/16
Palestine -320.60 Oct/16
Panama -961388.00 Nov/16
Papua New Guinea 3223.00 Jun/16
Paraguay -453352.00 Dec/16
Peru 279.00 Nov/16
Philippines -2566000.00 Nov/16
Poland 102.00 Nov/16
Portugal -790.68 Nov/16
Puerto Rico 2801.60 Oct/16
Qatar 9630.00 Nov/16
Republic of the Congo 4092.35 Dec/10
Romania -865.50 Nov/16
Russia 9137.00 Nov/16
Rwanda -116.57 Nov/16
Sao Tome and Principe -29.78 Sep/16
Saudi Arabia 73133.00 Sep/16
Senegal -201.40 Nov/16
Serbia -320.40 Nov/16
Seychelles -44.02 Nov/16
Sierra Leone -52.89 Jun/16
Singapore 6120.70 Dec/16
Slovakia 287.00 Nov/16
Slovenia -15.23 Nov/16
Somalia -1473.48 Dec/15
South Africa -1091.85 Nov/16
South Korea 7000.00 Dec/16
South Sudan -104.70 Dec/15
Spain -1246304.00 Nov/16
Sri Lanka -922.00 Nov/16
Sudan -338394.00 Sep/16
Suriname 42.20 Sep/16
Swaziland 1037.15 Mar/16
Sweden -1100.00 Nov/16
Switzerland 3636.00 Nov/16
Syria 9394.50 Dec/10
Taiwan 4864.00 Dec/16
Tajikistan -188.00 Nov/16
Tanzania -88.90 Oct/16
Thailand 1540.00 Nov/16
Togo -74.03 Jun/16
Trinidad and Tobago -364.10 Jun/16
Tunisia -992.50 Dec/16
Turkey -4113.35 Nov/16
Turkmenistan 2181.97 Dec/15
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Ukraine -235.50 Nov/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -4167.00 Nov/16
United States -45240.00 Nov/16
Uruguay -140377.00 Nov/17
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam -494.00 Dec/16
Yemen -2914.30 Dec/13
Zambia -998.80 Sep/16
Zimbabwe -241.27 Aug/16