Spain Balance of Trade  1962-2016 | Data | Chart | Calendar | Forecast

Spanish trade gap narrowed 10.6 percent year-on-year to €0.79 billion in March of 2016, the lowest since July of 2013. Exports fell 3.3 percent and imports declined 3.6 percent. In the first quarter, exports grew 0.2 percent to a record €61.1 million while imports fell 0.7 percent to €66 million. Balance of Trade in Spain averaged -1777082.71 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. Balance of Trade in Spain is reported by the Ministerio de Economia Y Competitividad.

Spain Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
-795890.00 -1761000.00 634935.00 -9834766.00 1962 - 2016 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. Spain Balance of Trade - actual data, historical chart and calendar of releases - was last updated on May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-03-21 08:30 AM Jan €-2.39B €-1.79B € -2B
2016-04-21 07:50 AM Feb €-1.76B €-2.39B €-1.9B € -1.9B
2016-05-20 08:00 AM Mar €-0.79B €-1.76B €-1.9B € -1.3B
2016-06-21 08:00 AM Apr €-0.79B € -2.2B
2016-07-21 08:00 AM May € -1.5B
2016-08-22 08:00 AM Jun € -2.6B

Spain Trade Gap Lowest Since 2013


Spanish trade gap narrowed 10.6 percent year-on-year to €0.79 billion in March of 2016, the lowest since July of 2013. Exports fell 3.3 percent and imports declined 3.6 percent. In the first quarter, exports grew 0.2 percent to a record €61.1 million while imports fell 0.7 percent to €66 million.

Exports decreased 3.3 percent year-on-year to €22.4 billion in March, dragged down by aircraft sales, iron and steel, medicines while shipments of automobiles and motorcycles, road transport equipment, fruits and vegetables and clothing went up.

The European Union accounted for 67.2 percent of total exports: sales to the Euro Zone went up 2.3 percent a mainly UK (+20.9 percent), Italy (+3.1 percent) while sales to France declined 2.7 percent and to Germany went down 0.4 percent. In contrast, shipments to countries outside the European union fell 13.1 percent, mainly due to lower sales to Brazil (-34.9 percent), Argentina (-60.3 percent), Mexico (-28.8 percent), Japan (-14.3 percent) and Saudi Arabia (-55.6 percent).

Imports fell 3.6 percent year-on-year to €23.23 billion.

Considering the first three months of the year, trade deficit narrowed 10.5 percent to €4.9 billion, as exports grew 0.2 percent to a record €61.1 million while imports fell 0.7 percent to €66 million. 

Mineco | Yekaterina Guchshina | yekaterina@tradingeconomics.com
5/20/2016 10:41:23 AM

Spain Trade Last Previous Highest Lowest Unit
Balance of Trade -795890.00 -1761000.00 634935.00 -9834766.00 EUR Thousand [+]
Exports 22443055.89 20390700.00 23507852.81 14286.06 EUR Thousand [+]
Imports 23238946.00 22151700.00 26017059.86 37437.07 EUR Thousand [+]
Current Account -1455.00 -664.00 4221.00 -12368.00 EUR Million [+]
Current Account to GDP 1.50 1.40 1.50 -9.60 percent [+]
Terms of Trade 111.00 106.40 123.70 62.20 Index Points [+]
Foreign Direct Investment 208.00 1876.00 23250.00 -8986.00 EUR Million [+]
Capital Flows -4724.00 -9813.00 15589.00 -9850.00 EUR Million [+]
Remittances 1271.00 1349.00 1610.00 252.00 EUR Million [+]
Tourist Arrivals 7184.76 9266.80 9266.80 1397.41 Thousand [+]
Gold Reserves 281.58 281.60 523.47 281.58 Tonnes [+]
External Debt 1815216000.00 1811545000.00 1815216000.00 601897024.00 EUR Thousand [+]
Crude Oil Production 4.00 3.00 16.57 1.00 BBL/D/1K [+]
Terrorism Index 2.62 2.73 6.52 2.62 [+]




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Afghanistan -7159.00 Dec/15
Albania -27150.00 Mar/16
Algeria -1270.00 Sep/15
Angola 3771.96 Sep/15
Argentina 332.00 Apr/16
Armenia -318.80 Apr/16
Aruba -491.66 Sep/15
Australia -2163.00 Mar/16
Austria -544.00 Feb/16
Azerbaijan 509849.00 Dec/15
Bahamas -514.90 Dec/15
Bahrain 3441.00 Dec/14
Bangladesh -48.12 Feb/16
Barbados -254822.00 Dec/15
Belarus -293.60 Mar/16
Belgium 2055.90 Mar/16
Belize -138.70 Feb/16
Benin -311.87 Dec/15
Bhutan -26021.60 Dec/15
Bolivia -355.90 Dec/15
Bosnia and Herzegovina -404.87 Apr/16
Botswana 549.30 Feb/16
Brazil 4860.00 Apr/16
Brunei 307.80 Mar/16
Bulgaria -289.30 Mar/16
Burkina Faso -49.00 Sep/14
Burundi -52214.90 Dec/15
Cambodia -786.30 Jan/16
Cameroon -1054.40 Dec/13
Canada -3414.00 Mar/16
Cape Verde -4178.80 Mar/16
Cayman Islands -791.40 Dec/14
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile 556.00 Apr/16
China 455.62 Apr/16
Colombia -1.29 Mar/16
Comoros -73294.00 Dec/14
Congo 1001.80 Dec/14
Costa Rica -464.40 Apr/16
Croatia -5528.98 Mar/16
Cuba -7926.60 Dec/14
Cyprus -264946.00 Mar/16
Czech Republic 53900.00 Mar/16
Denmark 8108.60 Mar/16
Djibouti -119840.00 Dec/14
Dominican Republic -688.50 Dec/15
East Timor -49370.69 Mar/16
Ecuador 18691.00 Mar/16
Egypt -2258.00 Mar/16
El Salvador -322.60 Mar/16
Equatorial Guinea 2723.70 Dec/10
Eritrea -149.00 Dec/12
Estonia -172.33 Mar/16
Ethiopia -3557.70 Dec/15
Euro Area 28644.00 Mar/16
European Union 7202.30 Mar/16
Fiji -185801.00 Nov/15
Finland -265.00 Mar/16
France -4368.00 Mar/16
Gabon 3711.95 Dec/13
Gambia -2269.53 Dec/14
Georgia -821.90 Apr/16
Germany 26000.00 Mar/16
Ghana -1226.00 Sep/15
Greece -1535.24 Mar/16
Guatemala -405.70 Mar/16
Guinea -103.83 Jun/13
Guinea Bissau -32.30 Dec/14
Guyana -77.30 Sep/15
Haiti -160.26 Jul/15
Honduras -465.70 Dec/15
Hong Kong -47028.00 Mar/16
Hungary 300000.00 Mar/16
Iceland -6600.00 Apr/16
India -4840.00 Apr/16
Indonesia 670.00 Apr/16
Iran 4258.00 Dec/15
Iraq 38780.80 Dec/14
Ireland 4106000.00 Mar/16
Israel -950.30 Apr/16
Italy 5360.00 Mar/16
Ivory Coast 890.60 Dec/14
Jamaica -779000.00 Sep/15
Japan 823.47 Apr/16
Jordan -741181.00 Feb/16
Kazakhstan 784.90 Mar/16
Kenya -60391.09 Mar/16
Kosovo -209942.00 Mar/16
Kuwait 1049.00 Dec/15
Kyrgyzstan -216.90 Mar/16
Laos -488.34 Sep/15
Latvia -192.00 Mar/16
Lebanon -1529.88 Mar/16
Lesotho -2961.47 Dec/15
Liberia -78.20 Feb/16
Libya -17675.60 Dec/14
Liechtenstein 371580.00 Mar/16
Lithuania -228.70 Mar/16
Luxembourg -0.42 Feb/16
Macau -4479038.32 Mar/16
Macedonia -193229.00 Mar/16
Madagascar -30435.00 Dec/15
Malawi -31524.80 Sep/15
Malaysia 11192.61 Mar/16
Maldives -133.30 Feb/16
Mali -100.60 Mar/15
Malta -177981.00 Mar/16
Mauritania -24.89 Dec/15
Mauritius -4607.00 Feb/16
Mexico 155.00 Mar/16
Moldova -233.00 Mar/16
Monaco -22.60 Dec/15
Mongolia 124.70 Apr/16
Montenegro -138515.00 Mar/16
Morocco -15231.00 Apr/16
Mozambique -1274.70 Sep/15
Myanmar -72.20 Sep/15
Namibia -8322.34 Dec/15
Nepal -58541.90 Dec/15
Netherlands 5017.00 Mar/16
New Caledonia -9528.00 Feb/16
New Zealand 292.00 Apr/16
Nicaragua -225.70 Feb/16
Niger -441985.00 Sep/15
Nigeria 26385.50 Dec/15
North Korea -476.67 Dec/15
Norway 10602.00 Apr/16
Oman -45.20 Dec/15
Pakistan -225061.00 Apr/16
Palestine -326.70 Mar/16
Panama -950888.00 Mar/16
Papua New Guinea 4191.00 Sep/15
Paraguay 125672.34 Apr/16
Peru -45.00 Mar/16
Philippines -1747000.00 Mar/16
Poland 204.00 Mar/16
Portugal -1039.99 Mar/16
Puerto Rico 2054.10 Dec/15
Qatar 7409.00 Feb/16
Republic of the Congo 4092.35 Dec/10
Romania -973.90 Mar/16
Russia 7712.00 Mar/16
Rwanda -150.29 Dec/15
Sao Tome and Principe -24.59 Mar/16
Saudi Arabia 22467.00 Dec/15
Senegal -94.80 Mar/16
Serbia -406.80 Mar/16
Seychelles -31.02 Mar/16
Sierra Leone -89.75 Mar/15
Singapore 5843.00 Apr/16
Slovakia 308.00 Mar/16
Slovenia 133.87 Mar/16
Somalia -1281.56 Dec/14
South Africa 2915.79 Mar/16
South Korea 8800.00 Apr/16
South Sudan -3492.00 Dec/14
Spain -795890.00 Mar/16
Sri Lanka -695.00 Jan/16
Sudan -921327.00 Dec/15
Suriname -103.40 Dec/15
Swaziland 1217.38 Dec/15
Sweden 3900.00 Mar/16
Switzerland 2504.00 Apr/16
Syria 9394.50 Dec/10
Taiwan 4802.67 Apr/16
Tajikistan -169.20 Mar/16
Tanzania 19.70 Feb/16
Thailand 2966.00 Mar/16
Togo -68.29 Dec/14
Trinidad and Tobago 339.40 Sep/15
Tunisia -1578.70 Apr/16
Turkey -4950.00 Mar/16
Turkmenistan 2431.94 Dec/14
Uganda -164.60 Mar/16
Ukraine -230.30 Mar/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -3830.00 Mar/16
United States -40440.00 Mar/16
Uruguay -123578.00 Mar/16
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam 280.00 Apr/16
Yemen -2914.30 Dec/13
Zambia -800.90 Mar/16
Zimbabwe -290.99 Dec/14