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

Spain recorded a € 940.9 million trade gap in May of 2016, much lower than a € 1657 million shortfall a year earlier as exports reached the highest value on record for a May month. Figures compare with market expectations of a € 800 million deficit. Excluding energy, the country recorded a € 322 million surplus. Balance of Trade in Spain averaged -1774056.73 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
-940900.00 -637300.00 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 July of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-20 08:00 AM Mar €-0.79B €-1.76B €-1.9B € -1.3B
2016-06-20 07:45 AM Apr €-0.64B €-0.79B € -2.2B
2016-07-21 07:30 AM May €-0.94B €-0.64B €-0.8B € -1.5B
2016-08-19 08:00 AM Jun €-0.94B € -2.6B
2016-09-22 08:00 AM Jul € -1.2B
2016-10-20 08:00 AM Aug € -3.4B

Spain Trade Deficit Narrows 43.2% YoY in May


Spain recorded a € 940.9 million trade gap in May of 2016, much lower than a € 1657 million shortfall a year earlier as exports reached the highest value on record for a May month. Figures compare with market expectations of a € 800 million deficit. Excluding energy, the country recorded a € 322 million surplus.

Total exports surged 4.7 percent year-on-year to € 22.014 million, following a 6.3 percent rise in April. In volume terms, sales jumped 9.6 percent, boosted by exports of cars and motorcycles to Germany, Italy, Belgium and the UK; fruits and vegetables to Germany, France and the UK; transport equipment to the UK, and to a lesser extent the Netherlands, Italy and Saudi Arabia and clothing to the UK, Italy, Poland and Germany. In contrast, shipments fell for gas mainly due to lower sales to Kuwait, Argentina and Canada; iron and steel to Algeria, Italy , Saudi Arabia and the UK; motors to the UK and, to a lesser extent, France, Turkey and Portugal and minerals mostly to Bulgaria.

Sales to the European Union increased 5.9 percent on the year and accounted for 65.7 percent of total exports, up from a 64.9 percent share in the previous year. Sales to the Euro Area were up at a faster 6.4 percent and accounted for 51.2 percent (50.3 percent in May of 2015). In addition, exports to countries outside the European Union grew 2.5 percent with a 34.3 percent share. 

Total imports increased 1.2 percent to € 22.955 million, recovering from a 1.2 percent decrease in April. In volume terms, imports surged 7.3 percent. 

The country’s surplus with the European Union widened to € 918 million from € 910 million a year earlier. Considering the Euro Area, the surplus narrowed to € 462 million from € 473 million. 

Between January and May, Spanish trade deficit fell 30.9 percent to € 6.5 billion, driven by a 2.4 percent rise in exports while imports went down 0.4 percent. 

Mineco | Joana Taborda | joana.taborda@tradingeconomics.com
7/21/2016 9:07:15 AM

Spain Trade Last Previous Highest Lowest Unit
Balance of Trade -940900.00 -637300.00 634935.00 -9834766.00 EUR Thousand [+]
Exports 22014100.00 22244700.00 23507852.81 14286.06 EUR Thousand [+]
Imports 22955100.00 22882000.00 26017059.86 37437.07 EUR Thousand [+]
Current Account 2635.00 944.00 4221.00 -12368.00 EUR Million [+]
Current Account to GDP 1.50 1.40 1.50 -9.60 percent [+]
Terms of Trade 107.70 107.60 123.70 62.20 Index Points [+]
Foreign Direct Investment 2163.00 2920.00 23250.00 -8986.00 EUR Million [+]
Capital Flows 10800.00 -293.00 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 281.58 281.58 523.47 281.58 Tonnes [+]
External Debt 1838834000.00 1815216000.00 1838834000.00 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 [+]
Weapons Sales 1279.00 1062.00 1429.00 2.00 USD Million [+]




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Algeria -1308.00 Dec/15
Angola 3002.24 Dec/15
Argentina 126.00 Jun/16
Armenia -100.70 Jun/16
Aruba -520.80 Dec/15
Australia -2218.00 May/16
Austria 239.00 Apr/16
Azerbaijan 621706.00 Mar/16
Bahamas -514.90 Dec/15
Bahrain 1513.00 Dec/15
Bangladesh -66.65 Apr/16
Barbados -254822.00 Dec/15
Belarus -235.00 May/16
Belgium 2040.60 May/16
Belize -131.30 Apr/16
Benin -164.32 Mar/16
Bhutan -26021.60 Dec/15
Bolivia -109.57 Feb/16
Bosnia and Herzegovina -539891.56 May/16
Botswana 3307.90 Apr/16
Brazil 3973.00 Jun/16
Brunei 190.90 May/16
Bulgaria -312.60 May/16
Burkina Faso -49.00 Sep/14
Burundi -76937.10 Mar/16
Cambodia -109.60 Feb/16
Cameroon -1054.40 Dec/13
Canada -3276.80 May/16
Cape Verde -4397.50 May/16
Cayman Islands -746.00 Dec/15
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile -33.00 Jun/16
China 481.08 Jun/16
Colombia -0.90 May/16
Comoros -73294.00 Dec/14
Congo 1001.80 Dec/14
Costa Rica -511.70 Jun/16
Croatia -4146.70 May/16
Cuba -9578.00 Dec/15
Cyprus -876144.00 May/16
Czech Republic 41538.00 May/16
Denmark 5481.90 May/16
Djibouti -119840.00 Dec/14
Dominican Republic -688.50 Dec/15
East Timor -38853.09 May/16
Ecuador 305020.00 May/16
Egypt -2866.00 May/16
El Salvador -411.97 Jun/16
Equatorial Guinea 2723.70 Dec/10
Eritrea -149.00 Dec/12
Estonia -158.60 May/16
Ethiopia -3557.70 Dec/15
Euro Area 24559.40 May/16
European Union 6351.70 May/16
Fiji -262673.00 Dec/15
Finland -100.00 May/16
France -2840.00 May/16
Gabon 3711.95 Dec/13
Gambia -2269.53 Dec/14
Georgia -1297.15 Jun/16
Germany 21033.00 May/16
Ghana -773.70 Mar/16
Greece -1508.70 May/16
Guatemala -499.04 Apr/16
Guinea -103.83 Jun/13
Guinea Bissau -23.80 Dec/14
Guyana -77.30 Sep/15
Haiti -179.27 Sep/15
Honduras -372.50 Mar/16
Hong Kong -45595.00 Jun/16
Hungary 238000.00 May/16
Iceland -12300.00 Jun/16
India -8116.20 Jun/16
Indonesia 900.20 Jun/16
Iran 4258.00 Dec/15
Iraq 38780.80 Dec/14
Ireland 3961700.00 May/16
Israel -1459.60 Jun/16
Italy 5033.00 May/16
Ivory Coast 890.60 Dec/14
Jamaica -761100.00 Dec/15
Japan 692.84 Jun/16
Jordan -762247.00 Apr/16
Kazakhstan 681.90 May/16
Kenya -66307.00 May/16
Kosovo -211003.00 May/16
Kuwait 402.00 Mar/16
Kyrgyzstan -216.90 Mar/16
Laos -488.34 Sep/15
Latvia -160.50 May/16
Lebanon -1373.07 Apr/16
Lesotho -3543.23 Mar/16
Liberia -79.80 Apr/16
Libya -17675.60 Dec/14
Liechtenstein 371580.00 Mar/16
Lithuania -272.50 May/16
Luxembourg -0.39 May/16
Macau -4571042.93 May/16
Macedonia -209476.00 May/16
Madagascar 101517.00 Mar/16
Malawi -31524.80 Sep/15
Malaysia 3300.00 May/16
Maldives -165.70 Apr/16
Mali -100.60 Mar/15
Malta -256269.00 May/16
Mauritania -24.89 Dec/15
Mauritius -6912.00 May/16
Mexico -523.64 Jun/16
Moldova -175.00 May/16
Monaco 7.80 Mar/16
Mongolia 118.00 May/16
Montenegro -167262.00 Jun/16
Morocco -16665.00 Jun/16
Mozambique -1754.40 Dec/15
Myanmar -639.40 Dec/15
Namibia -6141.52 Mar/16
Nepal -58541.90 Dec/15
Netherlands 4339.00 May/16
New Caledonia -11870.00 Mar/16
New Zealand 127.00 Jun/16
Nicaragua -195.00 Apr/16
Niger -441985.00 Sep/15
Nigeria -171309.90 Mar/16
North Korea -476.67 Dec/15
Norway 6971.00 Jun/16
Oman -45.20 Dec/15
Pakistan -294469.00 Jun/16
Palestine -326.70 Mar/16
Panama -971892.17 May/16
Papua New Guinea 3957.00 Dec/15
Paraguay 54678.00 May/16
Peru 65.00 May/16
Philippines -2021440.00 May/16
Poland 127.00 May/16
Portugal -937.00 May/16
Puerto Rico 2091.50 Apr/16
Qatar 8329.00 Jun/16
Republic of the Congo 4092.35 Dec/10
Romania -979.70 May/16
Russia 7530.00 May/16
Rwanda -142.60 May/16
Sao Tome and Principe -24.59 Mar/16
Saudi Arabia 22467.00 Dec/15
Senegal -107.41 May/16
Serbia -402.10 May/16
Seychelles -49.80 May/16
Sierra Leone -33.70 Dec/15
Singapore 5194.70 Jun/16
Slovakia 427.30 May/16
Slovenia 73.02 May/16
Somalia -1473.48 Dec/15
South Africa 18730.94 May/16
South Korea 11600.00 Jun/16
South Sudan -3492.00 Dec/14
Spain -940900.00 May/16
Sri Lanka -620.70 Mar/16
Sudan -489010.00 Mar/16
Suriname -23.00 Mar/16
Swaziland 1217.38 Dec/15
Sweden 1800.00 Jun/16
Switzerland 3546.46 Jun/16
Syria 9394.50 Dec/10
Taiwan 3580.00 Jun/16
Tajikistan -235.60 May/16
Tanzania -223.30 Apr/16
Thailand 1970.00 Jun/16
Togo -68.29 Dec/14
Trinidad and Tobago 258.50 Dec/15
Tunisia -898.60 Jun/16
Turkey -5054.00 May/16
Turkmenistan 2431.94 Dec/14
Uganda -161.60 May/16
Ukraine 186.70 May/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -2263.00 May/16
United States -41144.00 May/16
Uruguay 96682.00 May/16
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam -100.00 Jul/16
Yemen -2914.30 Dec/13
Zambia -751.30 Apr/16
Zimbabwe -322.86 Mar/16