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Spain Trade Surplus Widens in May
Spain’s trade surplus widened to EUR 0.14 billion in May of 2021, from EUR 0.12 billion in the same month of last year. Exports advanced 55.3 percent year-on-year to EUR 27.2 billion, mainly boosted by sales of other goods and services (177.0%), shipment of automobiles (132.0%) and energy products (91.8%). Shipments to the EU went up 52.0%, led by France (48.6%), Germany (32.7%), Italy (74.1%) and Belgium (155.9%) while outside the EU, sales rose to the US (42.7%) and Australia (253.1%). Meanwhile, imports surged 55.6% to EUR 27.1 billion, on account of purchases of energy products (171.6%), automobiles (137.5%) and other goods & services (117.9%). Imports from the EU grew at a faster 60.3%, mostly from France (74.2%), Portugal (77.9%) and Germany (58.9%), while outside the union, imports accelerated from the Switzerland (217.4%), US (35.4%), Morocco (112.7%), and Algeria (127.6%). Purchases from China dropped 7.9%.
Published on 2021-07-16

Spanish Trade Gap Narrows in April
Spain's trade deficit narrowed to EUR 1.30 billion in April 2021, from EUR 1.52 billion in the same month of last year. Exports surged 71.8 percent year-on-year to EUR 25.84 billion, mainly boosted by shipments of autos (505.5 percent), capital goods (93.1 percent), non-chemical manufacturing goods (71.6 percent) and chemicals (31.6 percent). Shipments to the EU rose 86 percent, led by France (86 percent), Italy (94.2 percent), and Germany (73.3 percent), while outside the EU, sales increased to the US (53.9 percent) and to China (40.3 percent). Meanwhile, imports advanced at a slower 63.9 percent to EUR 27.14 billion, on account of purchases of autos (417.6 percent), capital goods (66.7 percent) and energy products (93.5 percent). Purchases from the EU surged 84.3 percent, mostly from Germany (86 percent), France (99.7 percent) and Italy (105.4 percent), while outside the union, imports rose from the US (22.7 percent) and China (9.8 percent).
Published on 2021-06-17

Spain March Trade Gap Shrinks to 36-Year Low
Spain's trade deficit narrowed sharply to EUR 411.9 million in March 2021, from EUR 2.0 billion in the same month of last year. It was the smallest gap for a March month since 1985, as exports surged 29.9 percent to EUR 29.3 billion on account of capital goods (31.5 percent), the auto sector (43.8 percent), consumer goods (55.1 percent), and non-chemical manufacturing goods (39.9 percent). Shipments to the EU rose 37.1 percent, led by France (46.6 percent), Italy (48.2 percent), and Germany (30.8 percent), while outside the EU, sales increased to the US (20.5 percent) and to China (41.1 percent). Meantime, imports jumped 20.5 percent to EUR 28.7 billion, mainly purchases of capital goods (25.9 percent), chemical products (17.3 percent), and the auto sector (22.6 percent). Purchases from the EU went up 20.6 percent, mostly from Germany (19.3 percent) and Italy (33.8 percent), while outside the union, the largest increase was from China (74.8 percent).
Published on 2021-05-17

Spain Posts Smallest Trade Gap for February Since 2013
Spain's trade deficit narrowed sharply to EUR 1.08 billion in February 2021, the smallest gap for a February month since 2013, as imports dropped 5.7 percent due to lower purchases of capital goods (-6.1 percent), vehicles (-11.1 percent), consumer goods (-12.1 percent), energy products (-18.8 percent), and food, beverages and tobacco (-6.1 percent). Among major trade partners, imports were down from the EU (-3.3 percent), in particular Germany and France, the UK (-35.8 percent), the US (-20.5 percent), and Morocco (-6.2 percent). Imports from China jumped 10.9 percent. Meanwhile, exports declined 1.9 percent, mainly due to falling sales of vehicles (-15.4 percent), energy products (-24.7 percent), and consumer goods (-11.3 percent). Exports of chemicals, however, jumped 11.2 percent. Exports dropped to the EU (-0.8 percent) led by Portugal, the UK (-8.3 percent), the US (-10 percent), and Morocco (-5.8 percent). Sales to China climbed 45.6 percent.
Published on 2021-04-15

Spain Trade Deficit Shrinks in January
Spain's trade deficit narrowed sharply to EUR 1.769 billion in January of 2021 from EUR 3.507 billion in the corresponding month of the previous year. Exports tumbled 9.9 percent from a year earlier to EUR 20.498 billion, dragged down by lower sales of food, beverages & tobacco (-2.9 percent); equipment goods (-9.3 percent); chemicals (-8.1 percent); vehicles (-13.1 percent) and non-chemical semi-manufactured goods (-6.5 percent). Among key trade partners, shipments fell to France (-8 percent); Germany (-5.9 percent); Italy (-10.3 percent) and Portugal (-11.1 percent). Meantime, imports declined at a softer 6.6 percent to EUR 22.267 billion, mainly due to lower purchases of equipment goods (-7.7 percent); chemicals (-10.6 percent) and manufactured consumer goods (-23.3 percent). Imports dropped from Germany (-10.9 percent); China (-6.9 percent); and France (-20 percent).
Published on 2021-03-17

Spain Trade Gap Narrows Sharply in December
Spain's trade deficit narrowed sharply to EUR 1.073 billion in December 2020 from EUR 2.279 billion in the corresponding month of the previous year. Exports went up 0.9 percent from a year earlier to EUR 22.762 billion while imports fell 3.3 percent to EUR 23.835 billion. Considering full 2020, the country’s trade gap narrowed to EUR 13.422 billion from EUR 31.544 billion, as exports tumbled 10 percent and imports declined at a faster 14.7 percent.
Published on 2021-02-19

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