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

Spain’s trade gap increased by 38.5 percent to €2.05 billion in June of 2015, compared to a €1.48 billion shortfall a year earlier. While exports went up by 7.8 percent reaching its highest value for a month of June, imports rose at a faster 9.8 percent. Balance of Trade in Spain averaged -1774523.11 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.

Spain Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
-2046007.00 -1657308.00 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 Thursday, August 27, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
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
2015-08-18 09:00 AM Jun €-2.05B €-1.66B € -1.8B
2015-09-20 09:00 AM Jul €-2.05B -1787036.22
2015-10-20 09:00 AM Aug -1970289.67
2015-11-20 08:30 AM Sep -2351469.95


Spanish Trade Deficit Widens in June


Spain’s trade gap increased by 38.5 percent to €2.05 billion in June of 2015, compared to a €1.48 billion shortfall a year earlier. While exports went up by 7.8 percent reaching its highest value for a month of June, imports rose at a faster 9.8 percent.

Year-on-year, exports expanded to €22.21 billion from €20.60 billion, as automotive sector sales increased by 15.4 percent compared to a year earlier. Chemicals sector exports expanded 14 percent and food, beverages and tabacco sales grew 12.1 percent. Also, exports of manufactured consumer goods and capital goods rose 21.1 percent and 6.7 percent, respectively. Among European Union countries, sales addressed to France were up 11.6 percent and exports to Germany, Italy and Portugal increased by 10.6 percent, 9.5 percent and 9.1 percent, respectively. Outside the EU, shipments to the United States went up by 24.6 percent, as well as other significant increases in countries such as Switzerland (+24.9 percent), Turkey (+17.8 percent), Mexico (+43.4 percent), Chile (+30.6 percent), South Korea (+54.3 percent), Saudi Arabia (+115.2 percent), UAE (+40.3 percent), Egypt (+72.2 percent) and South Africa (+15.9 percent).

Imports increased to €24.25 billion from €22.08 billion a year ago.

Meanwhile, the non-energy balance showed a surplus of €385.9 million (€1237.3 million in June 2014) and the energy deficit fell by 10.4 percent, due to lower energy prices.

So far this year, the value of exports grew 4.9 percent to €125.12 billion while imports increased at a slower 4.2 percent to €136.60 billion, thus improving the trade deficit by 3.4 percent when compared to the same period of 2014.

Joana Ferreira | joana.ferreira@tradingeconomics.com
8/18/2015 3:21:35 PM


Recent Releases

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.
Published on 2015-07-20

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 Trade Last Previous Highest Lowest Unit
Balance of Trade -2046007.00 -1657308.00 634935.00 -9834766.00 EUR Thousand [+]
Exports 22206573.62 21025250.44 23218300.00 14286.06 Thousand EUR [+]
Imports 24252581.00 22682558.00 26017059.86 37437.07 EUR Thousand [+]
Current Account 1151.00 -232.00 4025.00 -12368.00 EUR Million [+]
Current Account to GDP 0.80 1.40 1.50 -9.60 percent [+]
Terms of Trade 105.70 106.60 123.70 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 13361968.00 10138811.00 15198375.00 2691102.00 [+]
Gold Reserves 281.58 281.58 523.47 281.58 Tonnes [+]
Capital Flows 1081.00 4998.00 14521.00 -9850.00 EUR Million [+]
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 -2933.00 Jun/15 -2677.00 2254.00 -4156.00 AUD Million [+]
Brazil 2379.00 Jul/15 4527.00 5659.37 -4058.14 USD Million [+]
Canada -476.00 Jun/15 -2992.00 8524.80 -3853.00 CAD Million [+]
China 430.25 Jul/15 465.36 606.19 -319.71 USD Hundred Million [+]
Euro Area 26368.70 Jun/15 18800.00 26368.70 -16748.10 EUR Million [+]
France -2658.00 Jun/15 -3999.00 2674.00 -7086.00 EUR Million [+]
Germany 24000.00 Jun/15 19500.00 24000.00 -535.91 EUR Million [+]
India -12812.46 Jul/15 -10830.00 258.90 -20210.90 USD Million [+]
Indonesia 1330.00 Jul/15 528.00 4641.92 -2329.13 USD Million [+]
Italy 2808.95 Jun/15 4140.00 6923.00 -6389.30 EUR Million [+]
Japan -268.06 Jul/15 -69.00 1608.67 -2795.04 JPY Billion [+]
Mexico -2267.00 Jul/15 -749.00 1710.25 -3292.30 USD Million [+]
Netherlands 4760.00 Jun/15 3280.00 6211.40 -907.60 EUR Million [+]
Russia 13775.00 Jun/15 15309.00 20356.00 -185.00 USD Million [+]
South Korea 7760.00 Jul/15 9980.00 9980.00 -4043.45 USD Million [+]
Spain -2046007.00 Jun/15 -1657308.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3741.00 Jul/15 3509.00 3894.91 -1478.68 CHF million [+]
Turkey -6205.89 Jun/15 -6753.00 24.51 -10453.06 USD Million [+]
United Kingdom -1601.00 Jun/15 -885.00 2946.00 -5397.00 GBP Million [+]
United States -43840.00 Jun/15 -40940.00 1946.00 -67823.00 USD Million [+]