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Spain Trade Gap Shrinks 70% in November
Spain recorded a trade deficit of EUR 593,100 thousand in November of 2020, much lower than the EUR 1,948,400 thousand trade gap a year earlier. It is also the lowest trade shortfall for any November month since 1985. Exports fell 1.3 percent to EUR 24,730,700 thousand, dragged by a 1.2 percent decrease in capital goods, in which general use machinery decreased 0.5 percent, airplane exports plunged 13.6 percent, and electrical device exports fell 5 percent. On the contrary, foods, drinks, and tobacco exports rose 5.2 percent, the auto sector went up 4.3 percent, and chemical products increased 4.6 percent. Imports fell 5.9 percent to EUR 25,323,800 thousand due to a drastic cut in energy imports (-45.3 percent), a sharp drop in car components (-19.4 percent), and a decrease in textile imports (-8.1 percent).
Published on 2021-01-21

Spain Trade Gap Narrows Sharply in October
Spain's trade deficit shrank to EUR 0.65 billion in October of 2020 from EUR 2.58 billion in the same period of the previous year. Imports slipped 11.9 percent to EUR 25.93 billion, amid lower purchases of energy products (-38.3 percent); non-chemical semi-manufactured goods (-11.7 percent); food, beverages & tobacco (-12.2 percent); chemicals (-9 percent) and capital goods (-7.6 percent). Among key trade partners, imports dropped from the Euro Area (-5.6 percent), the UK (-231.3 percent), the US (-34.5 percent) and China (-9 percent). Meanwhile, exports fell at a slower 5.9 percent to EUR 25.28 billion, mostly due to lower sales of energy products (-48.2 percent); capital goods (-9 percent); chemicals (-8.5 percent) and manufactured consumer goods (-8.1 percent). Shipments went down mostly to the UK (-14.3 percent) and the US (-16.4 percent).
Published on 2020-12-18

Spain Trade Gap Narrows Sharply in September
Spain's trade deficit narrowed sharply to EUR 1.48 billion in September 2020 from EUR 4.26 billion in the same month of the previous year. Imports plunged 10.8 percent to EUR 24.74 billion due to lower purchases of energy products (-47.8 percent), non-chemical semi-manufactured goods (-15.5 percent), vehicles (-11.1 percent), food, beverages & tobacco (-9.2 percent), and equipment goods (-7.6 percent). Among key trade partners, imports dropped from the Euro Area (-7.1 percent), the UK (-29.8 percent) and the US (-13.8 percent). Exports fell at a softer 0.9 percent to EUR 23.25 billion, as sales declined for energy products (-49.2 percent), manufactured consumer goods (-3 percent), and chemicals (-2.3 percent). Shipments went down to the UK (-13.4 percent) and the US (-16.7 percent). Considering the third quarter as a whole, the country’s trade balance shifted to a EUR 3.53 billion shortfall from a EUR 0.08 billion surplus in the first three months to June 2020.
Published on 2020-11-19

Spain Trade Deficit Narrows Sharply in August
Spain's trade deficit narrowed sharply to EUR 1.74 billion in August 2020 from EUR 3.98 billion in the corresponding month of the previous year. Imports slumped 17.2 percent to EUR 19.40 billion, due to lower purchases of energy products (-39.8 percent), vehicles (-30.8 percent), non-chemical semi-manufactured goods (-14.3 percent), manufactured consumer goods (-9.9 percent), chemicals (-10.3 percent) and food, beverages & tobacco (-13.2 percent). Among key trade partners, imports went down from the Euro Area (-12.4 percent), the UK (-18.3 percent) and the US (-28.4 percent). Exports declined 9.1 percent to EUR 17.66 billion, as sales fell for energy products (-48.7 percent), capital goods (-12.4 percent), manufactured consumer goods (-12.7 percent), non-chemical semi-manufactured goods (-10.9 percent), chemicals (-7.6 percent) and raw materials (-13.8 percent). Shipments dropped to the Euro Area (-1.9 percent), the UK (-12.7 percent) and the US (-26.1 percent).
Published on 2020-10-19

Spain Trade Gap Narrows Sharply in July
Spain's trade deficit narrowed sharply to EUR 0.31 billion in July 2020 from EUR 2.49 billion in the same month last year. Exports fell 7.5 percent as sales were mostly down for energy products (-49.7 percent), capital goods (-9.0 percent), manufactured consumer goods (-12.8 percent), raw materials (-25.2 percent) and chemicals (-3.9 percent). Imports dropped at a faster 14.7 percent as purchases declined for energy products (-41.1 percent), vehicles (-22.2 percent), non-chemical semi-manufactured goods (-23.8 percent), manufactured consumer goods (-13.3 percent), chemicals (-9.2 percent) and food, beverages & tobacco (-11.8 percent).
Published on 2020-09-21

Spain Posts 2nd Consecutive Trade Surplus in 7 Years
Spain posted a trade surplus of EUR 1.48 billion in June of 2020 compared with a deficit of EUR 1.53 billion in the same month last year. It was the second consecutive monthly trade surplus since March of 2013, as the global pandemic continued to weigh on global demand. Imports tumbled 20.1 percent to EUR 21.16 billion, amid reduced purchases of energy products, autos and capital goods. Among key trade partners, imports dropped from the Euro Area (-16.8 percent), the UK (-20.2 percent) and the US (-14.2 percent), but were up from China (8.5 percent). Meantime, exports fell at a softer 9.2 percent to EUR 22.64 billion, led by lower sales of autos, capital goods, energy products and non-chemical semi-manufactured products. Shipments were down to the Euro Area (-3.4 percent), the UK (-20.1 percent) and Morocco (-13 percent), but rose to the US (4.8 percent) and China (22.9 percent).
Published on 2020-08-21

Spain Posts 1st Trade Surplus in 7 Years
Spain posted a trade surplus of EUR 0.12 billion in May 2020, the first since a record EUR 0.63 billion reported in March 2013 and compared with a deficit of EUR 2.11 billion in the same month last year, as the coronavirus crisis hit global demand. Imports tumbled 39.6 percent, the largest decline on record, due to lowers purchases of energy products, autos and capital goods. Among key trade partners, imports dropped from the Euro Area (-40.3 percent), the UK (-42.9 percent) and the US (-36.5 percent), but were up from China (8.8 percent). Meanwhile, exports fell 34.4 percent led by lower sales of autos, capital goods, energy products and consumer manufactured goods. Exports declined to the Euro Area (-30.8 percent), the UK (-33.3 percent), the US (-32.2 percent) and Morocco (-52.3 percent), but increased to China (1.9 percent).
Published on 2020-07-17

Spain Posts Smallest Trade Gap since 2017
Spain's trade deficit shrank to EUR 1.520 billion in April of 2020 from EUR 1.605 billion in the same month of the previous year. It was the smallest monthly trade gap since June of 2017. Exports sank 39.3% to EUR 15.04 billion, due to sharp declines in sales of vehicles (-84.2%); equipment goods (-46%); energy products (-65.3%), especially oil & related (-65.9%) and consumption manufactures (-63.2%), such as textiles (-70.5%) and footwear (-65.2%). Among major trading partners, shipments fell to France (-40.2%), Germany (-40.1%), Italy (-43.4%), Portugal (-41.7%), the UK (-46%) and the US (-36.3%), but those to China grew (19.2%). Meanwhile, imports fell at a slower 37.2% to EUR 16.56 billion, mainly dragged down by vehicles (-83.6%); equipment goods (-40.4%) and energy products (-52.7%), primarily oil & related (-56.4%). Purchases decreased mostly from Germany (-48.2%), France (-48.4%), Italy (-45.3%), Portugal (-37%), the UK (-36.4%), China (-4.1%) and the US (-7.8%).
Published on 2020-06-18

Spain Posts Smallest Trade Gap in 4 Months
Spain's trade deficit decreased to EUR 2.036 billion in March of 2020 from EUR 2.353 billion in the same month of the previous year. This was the smallest monthly trade gap since last November. Imports slipped 14.4% to EUR 23.81 billion, mainly dragged down by lower purchases of equipment goods (-11.4%); energetic products (-27.8%) and vehicles (-28.5%). Among major trading partners, imports decreased from Germany (-16.2%), France (-12.7%), Italy (-20.3%) and China (-21%), but those from the US rose (6.8%). Exports fell 14.5% to EUR 21.77 billion, primarily due to reduced shipments of equipment goods (-18.1%); vehicles (-33.7%); energetic products (-45.3%) and consumption manufactures (-31%). Exports declined mostly to France (-18.9%), Germany (-17.8%), Italy (-23.7%), Portugal (-12.7%), the US (-8.5%) and China (-0.8%).
Published on 2020-05-19

Spain Trade Gap Narrows in February
Spain’s trade deficit narrowed to EUR 2.117 billion in February 2020 from EUR 2.628 billion in the same month of the previous year. Exports rose 4.2 percent to EUR 23.99 billion, boosted by higher sales of food, beverages & tobacco (8.5 percent); energetic products (9 percent); vehicles (8.2 percent); and consumption goods (1.8 percent). Among major trading partners, shipments went up to Germany (6.9 percent), Italy (7.4 percent), France (0.7 percent), the US (14.3 percent), and China (29.9 percent). Imports increased 1.8 percent to EUR 26.11 billion, driven by purchases of food, beverages & tobacco (1.1 percent); equipment goods (7.4 percent); vehicles (3.4 percent); and consumption manufactures (2.9 percent). Imports advanced mainly from Germany (6.4 percent), France (4.4 percent), the US (34.4 percent) and China (-2.2 percent).
Published on 2020-04-21

Spain Trade Deficit Narrows in January
Spain’s trade deficit narrowed to EUR 3.509 billion in January 2020 from EUR 4.483 billion in the corresponding month of the previous year. Exports went up 2.7 percent to EUR 23.14 billion, driven by higher sales of energetic products (34.9 percent); food, beverages & tobacco (7.9 percent); consumption goods (7.7 percent) and chemicals (0.5 percent). Among major trading partners, shipments advanced to France (9.6 percent), Italy (5.6 percent), Portugal (2.1 percent) and the US (5.6 percent). Imports fell 1.3 percent to EUR 26.65 billion, mostly due to lower purchases of equipment goods (-5.3 percent); raw materials (-23.6 percent); vehicles (-4.6 percent); and non-chemicals semi manufactures (-5.1 percent). Imports increased mainly from Germany (-8.6 percent), France (-6.1 percent) and China (-2.2 percent).
Published on 2020-03-20

Spain Trade Gap Narrows in December
Spain’s trade deficit narrowed to EUR 2.094 billion in December 2019 from EUR 3.24 billion in the same month last year. Exports rose 6.6 percent to EUR 22.57 billion, boosted by higher sales of food, beverages & tobacco (11.1 percent); vehicles (15.2 percent) and chemicals (7.3 percent). Among major trading partners, shipments rose to France (14.6 percent); Italy (13.3 percent); Portugal (10.9 percent) and the US (19.1 percent). Imports went up 1.0 percent to EUR 24.66 billion, mainly due to an increase in purchases of equipment goods (7.2 percent); manufactured goods (8.8 percent) and food, beverages & tobacco (6.5 percent). Imports advanced mainly from France (3.1 percent); China (3.8 percent) and from the US (20.3 percent). Considering full 2019, the trade gap shrank to EUR 31.98 billion from EUR 34.39 billion in 2018, with exports rising 1.8 percent and imports increasing 1.0 percent.
Published on 2020-02-20

Spain Posts Smallest Trade Gap in 5 Months
Spain's trade deficit narrowed to EUR 1.86 billion in November 2019 from EUR 2.57 billion in the same month last year. This was the smallest trade gap since June, as imports declined 3.3% to EUR 26.93 billion, amid lower acquisitions of capital goods (-2.4%); chemicals (-2.8%); vehicles (-2.5 percent) and energy products (-13.3%). Among major trade partners, imports from the Euro Area shrank 1%, owing to declines from Germany (-3.9%), France (-2%) and Italy (-8.5%). Purchases also fell from China (-5.8%), Turkey (-2.4%), Switzerland (-26.8%), but were higher from the UK (3.1%) and the US (10%). Exports dropped 0.9% to EUR 25.06 billion, as shipments sank for chemicals (-7.2%); non-chemical semi-manufactured goods (-4.3%); energy products (-26.1%) and raw materials (-4.6%). Sales to the Euro Area grew 1.5%, as increases from France (0.9%), Germany (0.7%) and Belgium (29.6%) outpaced decreases from Italy (-4.1%) and Portugal (-3%). Exports fell sharply to Switzerland (-30%).
Published on 2020-01-21

Spain Trade Balance Narrows as Exports Hit Record
Spain's trade deficit narrowed to EUR 2.58 billion in October 2019 from EUR 3.88 billion in the same month last year, as exports rose 1.7 percent to an all-time high while imports dropped 2.7 percent.
Published on 2019-12-20

Spain Trade Gap for September Largest in 8 Years
The Spanish trade deficit widened to EUR 4.26 billion in September 2019, the largest trade gap for that month since 2011, as imports rose 8.9 percent from a year earlier and exports increased at a softer 5.8 percent. Considering the third quarter as a whole, the country recorded a EUR 10.73 billion trade shortfall.
Published on 2019-11-21

Spain Posts Largest August Trade Deficit in 8 Years
The Spanish trade deficit rose to EUR 3.98 billion in August 2019 from EUR 3.06 billion in the same month of the previous year. It was the largest trade gap for an August month since 2011, as exports slumped 6.2 percent and imports went down at a softer 1.5 percent.
Published on 2019-10-22

Spain Trade Gap Narrows in July
The Spanish trade deficit narrowed to EUR 2.49 billion in July 2019 from EUR 3.25 billion in the same month of the previous year, as exports rose 3.8 percent and imports increased at a softer 0.6 percent. Considering the first seven months of the year, the country's trade shortfall decreased to EUR 17.20 billion from EUR 17.83 billion in the corresponding period of 2018.
Published on 2019-09-23

Spain Posts Smallest Trade Gap in 15 Months
The Spanish trade deficit narrowed to EUR 1.53 billion in June 2019 from EUR 2.45 billion in the corresponding month of the previous year. It is the smallest trade shortfall since March last year, as exports increased 0.9 percent and imports fell 2.6 percent.
Published on 2019-08-21

Spain Trade Gap Narrows in May
The Spanish trade deficit narrowed to EUR 2.11 billion in May 2019 from EUR 2.15 billion in the same month of the previous year, as exports rose 5.5 percent and imports increased at a softer 4.9 percent.
Published on 2019-07-23

Spain Trade Gap Shrinks Sharply in April
The Spanish trade deficit narrowed sharply to EUR 1.61 billion in April of 2019 from EUR 3.01 billion in the corresponding month of the previous year, as exports advanced 3.8 percent and imports slumped 2 percent.
Published on 2019-06-21