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

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. Balance of Trade in Spain averaged -1775736.95 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)
2017-04-21 08:00 AM Feb €-2.61B €-3.13B €-1.9B
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 €-1.2B
2017-08-22 08:00 AM Jun
2017-09-22 08:00 AM Jul




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.

Exports fell 2 percent to EUR 21.8 billion, driven by sales of equipment (-1.8 percent), autos (-23.7 percent) and chemicals (-4.4 percent). Exports decreased to the European Union (-3.4 percent), namely Italy (-2.2 percent), France (-2 percent) and Germany (-9 percent). Meanwhile, outside the EU, shipments declined to the US (-2.1 percent), China (-1.8 percent) and Japan (-4.1 percent).

Imports advanced 0.5 percent to EUR 23 billion, mainly led by purchases of energy (45.2 percent) and non-chemical semi-manufactures (8.3 percent). Imports decreased from the European Union (-6.7 percent), namely Italy (-5.1 percent), Germany (-13.3 percent) while rose from France (4.5 percent) and Portugal (5.4 percent). Outside the EU, shipments went up the most from Brazil (15.7 percent), China (5 percent) and Saudi Arabia (111 percent). 

Spain recorded a EUR 1.6 billion trade surplus with the EU, higher than a EUR 1.2 billion surplus a year earlier. With non-EU countries, the trade deficit rose 52.5 percent year-on-year to EUR 2.8 billion.

Mineco | Yekaterina Guchshina | yekaterina@tradingeconomics.com
6/20/2017 9:39:13 AM


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Spain Trade Last Previous Highest Lowest Unit
Balance of Trade -1198829.00 -1458556.00 634935.00 -9834766.00 EUR Thousand [+]
Exports 21796212.38 26225000.00 26225000.00 14286.06 EUR Thousand [+]
Imports 22995000.00 27684000.00 27684000.00 37437.07 EUR Thousand [+]
Current Account 1320.00 -223.00 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 2589.00 2728.00 23250.00 -10292.00 EUR Million [+]
Capital Flows -230.00 -5016.00 15580.00 -9850.00 EUR Million [+]
Remittances 3208.00 2624.00 3434.00 732.00 EUR Million [+]
Tourist Arrivals 7060.04 4907.55 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 1865366000.00 1890465000.00 1890465000.00 601897024.00 EUR Thousand [+]
Tourism Revenues 3613.00 3098.00 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 June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-1198829.00 -1458556.00 634935.00 -9834766.00 1962 - 2017 EUR Thousand Monthly



balance of trade by Country

Last
Australia 555.00 Apr/17
Brazil 7661.00 May/17
Canada -370.30 Apr/17
China 407.90 May/17
Euro Area 17858.90 Apr/17
France -5535.00 Apr/17
Germany 18078.00 Apr/17
India -13841.70 May/17
Indonesia 474.00 May/17
Italy 3601.32 Apr/17
Japan -203.37 May/17
Mexico -1079.20 May/17
Netherlands 3833.00 Apr/17
Russia 8001.00 Apr/17
South Korea 5990.00 May/17
Spain -1198829.00 Apr/17
Switzerland 3400.03 May/17
Turkey -4945.41 Apr/17
United Kingdom -2050.00 Apr/17
United States -47617.00 Apr/17