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. source: Ministerio de Industria, Comercio y Turismo
Balance of Trade in Spain averaged -1800511.31 EUR Thousand from 1962 until 2020, reaching an all time high of 1481717 EUR Thousand in June of 2020 and a record low of -9834766 EUR Thousand in December of 2007. 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 - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.
Balance of Trade in Spain is expected to be -1800000.00 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Spain to stand at -1900000.00 in 12 months time. In the long-term, the Spain Balance of Trade is projected to trend around -1900000.00 EUR Thousand in 2022 and -3900000.00 EUR Thousand in 2023, according to our econometric models.