Spain Balance of Trade  1962-2017 | Data | Chart | Calendar | Forecast

Spain's trade deficit widened sharply by 52.1 percent to EUR 1.43 billion in May 2017 from EUR 0.94 billion in the corresponding month a year earlier. Exports increased 15.2 percent year-on-year to EUR 25.36 billion while imports rose at a faster 16.7 percent to EUR 26.79 billion. In the first five months of the year, the trade deficit jumped 50.7 percent to EUR 9.83 billion, driven by a 13.3 percent increase in imports while exports rose 10.9 percent to a new record high for that period. Balance of Trade in Spain averaged -1775218.54 EUR Thousand from 1962 until 2017, 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.

Spain Balance of Trade
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Calendar GMT Actual Previous Consensus Forecast (i)
2017-05-23 08:10 AM Mar €-1.5B €-2.61B €-0.85B
2017-06-20 08:00 AM Apr €-1.2B €-1.5B €-1B €-0.9B
2017-07-21 08:00 AM May €-1.4B €-1.2B €-1B
2017-08-22 08:00 AM Jun €-1.4B
2017-09-22 08:00 AM Jul
2017-10-20 08:00 AM Aug




Spanish Trade Deficit Widens 52.1% In May


Spain's trade deficit widened sharply by 52.1 percent to EUR 1.43 billion in May 2017 from EUR 0.94 billion in the corresponding month a year earlier. Exports increased 15.2 percent year-on-year to EUR 25.36 billion while imports rose at a faster 16.7 percent to EUR 26.79 billion. In the first five months of the year, the trade deficit jumped 50.7 percent to EUR 9.83 billion, driven by a 13.3 percent increase in imports while exports rose 10.9 percent to a new record high for that period.

Exports increased 15.2 percent to EUR 25.36 billion from EUR 22.01 billion a year earlier. The main contributions to export growth came from the capital goods sector (contribution of 4.3 points), energy products (2.7 points), chemicals (2 points) and non-chemical semi-manufactures (1.6 points). The only sector that contributed negatively was other goods (-0.1 points). Exports to the EU rose 16.2 percent year-on-year, as sales to the euro zone increased 15.9 percent and those to the rest of the European Union went up 17.5 percent. Among major trading partners, exports grew to Germany (19.1 percent), the United Kingdom (17.5 percent), Italy (18 percent) and France (13.1 percent).

Imports rose 16.7 percent to EUR 26.79 billion from EUR 22.96 billion a year earlier.

With the European Union countries, the trade balance showed a surplus of EUR 2.05 billion, compared with a EUR 0.92 billion surplus in May 2016.

Considering the first five months of the year, the trade deficit jumped 50.7 percent to EUR 9.83 billion, as imports went up 13.3 percent to EUR 126.73 billion and exports increased 10.9 percent to EUR 116.90 billion, a new record high for that period. 

Mineco | Joana Ferreira | joana.ferreira@tradingeconomics.com
7/21/2017 8:49:49 AM


Recent Releases

Spain Trade Gap Widens In April
The trade gap in Spain increased to EUR 1.2 billion in April of 2017 from a EUR 0.6 billion deficit a year earlier while markets expected EUR 1 billion shortfall. Exports decreased 2 percent to EUR 21.8 billion, mainly due to the strong seasonal effect from the timing of Easter, which took place in April this year unlike in 2016. Meanwhile, imports rose 0.5 percent to EUR 23 billion.
Published on 2017-06-20

Spain Trade Gap Widens In March
The trade gap in Spain increased to EUR 1.5 billion in March of 2017 from a EUR 0.8 billion deficit a year earlier. Exports jumped 16.9 percent to a record high of EUR 26.2 billion and imports rose at a faster 19.1 percent to all-time high of EUR 27.7 billion.
Published on 2017-05-23

Spain Trade Gap Widens 48.3% YoY In February
The trade gap in Spain increased to EUR 2.61 billion in February of 2017 from a EUR 1.76 billion deficit a year earlier. It is the second biggest trade deficit since August of 2015 as exports increased 8.3 percent year-on-year and reached a new record high for a February month while imports rose at a faster 11.4 percent.
Published on 2017-04-21

Spanish Trade Deficit Widens 31.3% YoY in January
The trade gap in Spain increased to EUR 3.13 billion in January of 2017 from a EUR 2.38 billion shortfall a year earlier. It is the biggest trade deficit since August of 2015 as exports increased 17.4 percent year-on-year and reached another record high for a January month while imports jumped at a faster 19 percent.
Published on 2017-03-21



Spain Trade Last Previous Highest Lowest Unit
Balance of Trade -1431000.00 -1198829.00 634935.00 -9834766.00 EUR Thousand [+]
Exports 25359000.00 21796212.38 26225818.43 14286.06 EUR Thousand [+]
Imports 26790000.00 22995000.00 27684000.00 37437.07 EUR Thousand [+]
Current Account 448.00 552.00 4482.00 -12368.00 EUR Million [+]
Current Account to GDP 2.20 1.40 2.20 -9.60 percent [+]
Terms of Trade 103.10 101.00 123.70 62.20 Index Points [+]
Foreign Direct Investment 2663.00 2551.00 23250.00 -10292.00 EUR Million [+]
Capital Flows 2926.00 402.00 15580.00 -9850.00 EUR Million [+]
Remittances 3208.00 2624.00 3434.00 732.00 EUR Million [+]
Tourist Arrivals 7943.83 7060.04 10104.27 1397.41 Thousand [+]
Gold Reserves 281.58 281.58 523.47 281.58 Tonnes [+]
Crude Oil Production 2.00 2.00 17.00 1.00 BBL/D/1K [+]
External Debt 1910722000.00 1865366000.00 1910722000.00 601897024.00 EUR Thousand [+]
Tourism Revenues 3915.00 3613.00 7102.00 890.00 EUR Million [+]
Weapons Sales 483.00 1151.00 1429.00 2.00 USD Million [+]
Terrorism Index 1.20 2.62 6.52 1.20 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Spain Balance of Trade Notes

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: equipment goods (20 percent of total exports); autos (18 percent); food, beverages and tobacco (17 percent) and chemicals (14 percent). The European Union accounts for 60 percent of Spain’s foreign trade. Main trading partners are France (15 percent of total exports and 11 percent of total imports) and Germany (11 percent of exports and 14 percent of imports). Others include: Italy, Portugal, United Kingdom, United States 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 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-1431000.00 -1198829.00 634935.00 -9834766.00 1962 - 2017 EUR Thousand Monthly



balance of trade by Country

Last
Australia 2471.00 May/17
Brazil 7195.00 Jun/17
Canada -1085.90 May/17
China 427.50 Jun/17
Euro Area 21417.50 May/17
France -4886.00 May/17
Germany 22000.00 May/17
India -12959.90 Jun/17
Indonesia 1631.20 Jun/17
Italy 4341.51 May/17
Japan 439.91 Jun/17
Mexico -1079.20 May/17
Netherlands 4655.00 May/17
Russia 8519.00 May/17
South Korea 11400.00 Jun/17
Spain -1431000.00 May/17
Switzerland 2812.51 Jun/17
Turkey -7307.04 May/17
United Kingdom -3073.00 May/17
United States -46507.00 May/17