Spain Balance of Trade  1962-2018 | Data | Chart | Calendar | Forecast

The Spanish trade deficit widened 30.1 percent to EUR 1.62 billion in November 2017 from EUR 1.25 billion in the same month a year earlier. Balance of Trade in Spain averaged -1764094.30 EUR Thousand from 1962 until 2017, reaching an all time high of 634935 EUR Thousand in November of 1988 and a record low of -9834766 EUR Thousand in December of 2007.

Spain Balance of Trade
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Spanish Trade Gap Widens 30.1% in November


The Spanish trade deficit widened 30.1 percent to EUR 1.62 billion in November 2017 from EUR 1.25 billion in the same month a year earlier.

Exports increased 7.9 percent to EUR 25.36 billion in November from EUR 23.51 billion a year earlier. The main contributions to export growth came from energy products (1.9 points), consumer goods (1.6 points), non-chemical semi-manufactured products (1.6 points) and chemicals (1.3 points). The only sector with a significant negative contribution was other merchandise (-0.3 points). 

Exports to the EU rose 5.8 percent year-on-year, as sales to the euro zone increased 4.4 percent and those to the rest of the European Union went up 11.4 percent. Among major trading partners, exports grew to Portugal (14.4 percent), Italy (7.8 percent), the UK (4.7 percent) and France (3.9 percent), while those to Germany fell 5.9 percent.

Imports jumped 9 percent to EUR 26.98 billion in November from EUR 24.75 billion a year earlier.

Considering January to November, the trade deficit jumped 39.2 percent to EUR 22.69 billion, as imports went up 11.1 percent to an all-time high of EUR 277.85 billion and exports increased 9.1 percent to EUR 255.16 billion, also a new record high for that period. 


Mineco | Joana Ferreira | joana.ferreira@tradingeconomics.com
1/19/2018 10:02:22 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-11-21 09:00 AM Balance of Trade €-2.1B €-3.2B €-2.8B
2017-12-22 09:00 AM Balance of Trade €-2.51B €-2.1B €-1.6B
2018-01-19 09:00 AM Balance of Trade €-1.62B €-2.51B € -2.6B
2018-02-20 09:00 AM Balance of Trade €-1.62B € -2.1B
2018-03-21 08:00 AM Balance of Trade € -2.1B
2018-04-20 08:00 AM Balance of Trade € -2B


Spain Trade Last Previous Highest Lowest Unit
Balance of Trade -1621000.00 -2511365.00 634935.00 -9834766.00 EUR Thousand [+]
Exports 25355000.00 24240876.74 26225818.43 14286.06 EUR Thousand [+]
Imports 26976000.00 26752200.00 27684374.00 37437.07 EUR Thousand [+]
Current Account 1678.00 2127.00 4378.00 -12368.00 EUR Million [+]
Current Account to GDP 2.20 1.40 2.20 -9.60 percent [+]
Terms of Trade 102.80 102.80 123.70 62.20 Index Points [+]
Foreign Direct Investment -1895.00 -1401.00 23250.00 -9566.00 EUR Million [+]
Capital Flows 5856.00 1958.00 15514.00 -10432.00 EUR Million [+]
Remittances 2531.00 3191.00 3488.00 732.00 EUR Million [+]
Tourist Arrivals 4401.33 7265.49 10510.53 1397.41 Thousand [+]
Gold Reserves 281.58 281.58 523.47 281.58 Tonnes [+]
Tourism Revenues 5688.00 6687.00 7794.00 890.00 EUR Million [+]
Terrorism Index 1.70 1.20 6.52 1.20 [+]
Weapons Sales 483.00 1151.00 1429.00 2.00 USD Million [+]
External Debt 1912296000.00 1924551000.00 1924551000.00 601897024.00 EUR Thousand [+]
Crude Oil Production 2.00 2.00 17.00 1.00 BBL/D/1K [+]

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



Spain Balance of Trade

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 January of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-1621000.00 -2511365.00 634935.00 -9834766.00 1962 - 2017 EUR Thousand Monthly




balance of trade by Country
Country Last
Australia -628.00 Nov/17
Brazil 4997.77 Dec/17
Canada -2540.40 Nov/17
China 546.85 Dec/17
Euro Area 26272.60 Nov/17
France -5692.00 Nov/17
Germany 23700.00 Nov/17
India -14880.19 Dec/17
Indonesia -270.00 Dec/17
Italy 4829.68 Nov/17
Japan 113.36 Nov/17
Mexico 399.21 Nov/17
Netherlands 6041.00 Nov/17
Russia 11515.00 Nov/17
South Korea 5783.00 Dec/17
Spain -1621000.00 Nov/17
Switzerland 2633.00 Nov/17
Turkey -6320.40 Nov/17
United Kingdom -2804.00 Nov/17
United States -50497.00 Nov/17


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