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

Spain recorded a trade deficit of 2253100 EUR Thousand in April of 2015. Balance of Trade in Spain averaged -1774282.06 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
-2253100.00 -890600.00 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. Content for - Spain Balance of Trade - was last refreshed on Tuesday, June 30, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-04-20 09:00 AM Feb €-2.04B € -2.6B €-2.0B € -1.7B
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 €-2.25B € -1.8B
2015-08-20 09:00 AM Jun € -1.9B
2015-09-20 09:00 AM Jul € -1.7B


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.

Exports expanded to €20.92 billion from €19.65 billion in April 2014. The automotive sector was the main contributor to the growth, which increased 19.2 percent compared to a year earlier. Chemicals sector exports expanded 14.4 percent and food, beverages and tabacco sales grew by 11.2 percent. Also, exports of manufactured consumer goods rose 6.7 percent.

Among European Union countries, sales addressed to France were up 8.6 percent, exports to Germany grew 6.3 percent and sales to Ireland, Italy and the Netherlands advanced by 24.7 percent, 19.7 percent and a 2.6 percent, respectively. In constrast, shipments to Portugal fell by 3.2 percent. Outside Europe, the highest increases were recorded in sales to the United States (+20.3 percent), Chile (+14.6 percent), Brazil (+11.8 percent), China (+23.1 percent), Indonesia (+43.1 percent) and Egypt (+39.5 percent)

Imports increased to €23.17 billion from €21.80 billion a year ago.

So far this year, the value of exports grew 4.9 percent to €81.89 billion while imports increased at a slower 3.4 percent to €89.67 billion, thus improving the trade deficit by 10.1 percent when compared to the same period of 2014.

Joana Ferreira | joana.ferreira@tradingeconomics.com
6/18/2015 10:32:31 AM


Recent Releases

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 Posts €1.8 Billion Trade Deficit in December
Spanish trade gap was marginally unchanged at €1.82 billion in December of 2014 from €1.83 billion a year earlier. Exports reached the highest value on record for a December month while imports rose at a faster pace.
Published on 2015-02-18


Spain Trade Last Previous Highest Lowest Unit
Balance of Trade -2253100.00 -890600.00 634935.00 -9834766.00 EUR Thousand [+]
Exports 20918300.00 23218300.00 23218300.00 14286.06 Thousand EUR [+]
Imports 23171400.00 24108900.00 26017059.86 37437.07 EUR Thousand [+]
Current Account 946.00 -2034.00 4025.00 -12368.00 EUR Million [+]
Current Account to GDP 0.80 1.40 1.50 -9.60 percent [+]
Terms of Trade 103.10 104.50 123.70 62.20 Index Points [+]
Foreign Direct Investment 6536.00 582.34 23218.65 -8235.20 EUR Million [+]
Remittances 1271.00 1349.00 1610.00 252.00 EUR Million [+]
Tourist Arrivals 9939147.00 8787568.00 15198375.00 2691102.00 [+]
Gold Reserves 281.58 281.58 523.47 281.58 Tonnes [+]
Crude Oil Production 4.00 5.00 16.57 1.00 BBL/D/1K [+]
External Debt 1694611000.00 1704449000.00 1778929236.00 601897024.00 EUR Thousand [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -3888.00 Apr/15 -1231.00 2254.00 -3888.00 AUD Million [+]
Brazil 2761.00 May/15 491.00 5659.37 -4058.14 USD Million [+]
Canada -2974.00 Apr/15 -3853.00 8524.80 -3853.00 CAD Million [+]
China 594.88 May/15 341.34 606.19 -319.71 USD Hundred Million [+]
Euro Area 24941.50 Apr/15 22974.80 24941.50 -16748.10 EUR Million [+]
France -3008.00 Apr/15 -4410.00 2674.00 -7086.00 EUR Million [+]
Germany 22100.00 Apr/15 23100.00 23500.00 -535.91 EUR Million [+]
India -10406.20 May/15 -10990.00 258.90 -20210.90 USD Million [+]
Indonesia 955.00 May/15 477.40 4641.92 -2329.13 USD Million [+]
Italy 3736.00 Apr/15 4011.00 6923.00 -6389.30 EUR Million [+]
Japan -216.00 May/15 -53.44 1608.67 -2795.04 JPY Billion [+]
Mexico -1017.00 May/15 -85.30 1710.25 -3292.30 USD Million [+]
Netherlands 5017.00 Apr/15 5440.00 6329.20 -907.60 EUR Million [+]
Russia 17142.00 May/15 15037.00 20356.00 -185.00 USD Million [+]
South Korea 6320.00 May/15 8488.00 8488.00 -4043.45 USD Million [+]
Spain -2253100.00 Apr/15 -890600.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3433.00 May/15 2658.00 3894.91 -1478.68 CHF million [+]
Turkey -4966.00 Apr/15 -6153.67 24.51 -10453.06 USD Million [+]
United Kingdom -1202.00 Apr/15 -3093.00 2946.00 -5397.00 GBP Million [+]
United States -40879.00 Apr/15 -50566.00 1946.00 -67823.00 USD Million [+]