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

The Spanish trade deficit narrowed 16.8 percent to EUR 2.17 billion in February 2018 from EUR 2.61 billion in the same month a year earlier. Exports increased 2.3 percent to EUR 22.59 billion, mainly boosted by energy products and capital goods, while imports rose at a slower 0.3 percent to EUR 24.76 billion. Balance of Trade in Spain averaged -1768338.47 EUR Thousand from 1962 until 2018, 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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Spain Trade Deficit Narrows 16.8% in February


The Spanish trade deficit narrowed 16.8 percent to EUR 2.17 billion in February 2018 from EUR 2.61 billion in the same month a year earlier.

Exports increased 2.3 percent to EUR 22.59 billion in February from EUR 22.08 billion a year earlier. The main contributions to export growth came from energy products (1.4 points), capital goods (1 point), non-chemical semi-manufactured products (0.6 points) and raw materials (0.5 points). The sectors with the most significant negative contribution were autos (-0.8 points) and food, beverages and tobacco (-0.5 points). 

Exports to the EU edged down 0.2 percent year-on-year, as an increase of 0.6 percent in sales to the euro zone was offset by a decline of 3 percent to the rest of the European Union. Among major trading partners, exports grew to Portugal (8.2 percent) and Germany (3.1 percent), but dropped to Italy (-5.6 percent), France (-2.1 percent) and the UK (-8.1 percent).

Imports rose at a softer 0.3 percent to EUR 24.76 billion in February from EUR 24.68 billion a year earlier.

In the first two months of the year, the trade gap widened 6.3 percent to EUR 6.10 billion, as imports went up 4.6 percent to an all-time high of EUR 51.52 billion and exports increased 4.4 percent to EUR 45.42 billion, also a new record high for that period.


Mineco | Joana Ferreira | joana.ferreira@tradingeconomics.com
4/20/2018 8:19:18 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-02-20 09:00 AM Balance of Trade €-2.05B €-1.62B €-1.8B € -2.1B
2018-03-21 09:15 AM Balance of Trade €-3.94B €-2.05B €-2.8B
2018-04-20 08:00 AM Balance of Trade €-2.17B €-3.94B €-3.2B
2018-05-22 08:00 AM Balance of Trade €-2.17B €-1.6B
2018-06-21 08:00 AM Balance of Trade €-1.4B
2018-07-20 08:00 AM Balance of Trade €-1.7B


Spain Trade Last Previous Highest Lowest Unit
Balance of Trade -2167000.00 -3935409.00 634935.00 -9834766.00 EUR Thousand [+]
Exports 22590000.00 22829627.81 26225818.43 14286.06 EUR Thousand [+]
Imports 24757000.00 26765000.00 27684374.00 37437.07 EUR Thousand [+]
Current Account -445.00 3570.00 4378.00 -12368.00 EUR Million [+]
Current Account to GDP 1.90 1.90 1.90 -9.60 percent [+]
Terms of Trade 103.30 101.00 123.70 62.20 Index Points [+]
Foreign Direct Investment 1821.00 -5251.00 23250.00 -9566.00 EUR Million [+]
Capital Flows 2925.00 6846.00 15514.00 -10432.00 EUR Million [+]
Remittances 3083.00 2529.00 3488.00 732.00 EUR Million [+]
Tourist Arrivals 4224.83 4110.14 10510.53 1397.41 Thousand [+]
Gold Reserves 281.60 281.58 523.47 281.58 Tonnes [+]
Tourism Revenues 3645.00 3098.00 7794.00 890.00 EUR Million [+]
Terrorism Index 1.70 1.20 6.52 1.20 [+]
Weapons Sales 814.00 507.00 1429.00 2.00 USD Million [+]
External Debt 1918114000.00 1912296000.00 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. In 2017, Spain's trade deficit rose 31.9 percent from the previous year to EUR 25 billion, mainly due to a surge in domestic demand and an increase in energy prices. Within the Autonomous Communities, the biggest exporters were Catalonia (26 percent of total exports), Andalusia, Madrid and Valencia (11 percent each) and the Basque Country (9 percent); while the largest importers were Catalonia (28 percent of total imports), Madrid (20 percent) Andalusia (10 percent) and Valencia (9 percent). The trade surplus with the EU widened to EUR 16 billion from EUR 13 billion in 2016, boosted by an increase in both surpluses with the Eurozone (EUR 9 billion vs EUR 7 billion in 2016) and with the non-euro area countries of the EU (EUR 7 billion vs EUR 6 billion). With regard to non-EU countries, the trade deficit increased to EUR 41 billion from EUR 32 billion in the previous year, as the deficit with Asia rose to EUR 35 billion from EUR 29 billion and that with Africa went up to EUR 6 billion from EUR 4 billion. Also, the gap with Latin America grew to EUR 2 billion from EUR 60 million in 2016, while that with North America was almost unchanged at EUR 1 billion. 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 April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-2167000.00 -3935409.00 634935.00 -9834766.00 1962 - 2018 EUR Thousand Monthly




balance of trade by Country
Country Last
Australia 825.00 Feb/18
Brazil 6280.75 Mar/18
Canada -2686.00 Feb/18
China -49.83 Mar/18
Euro Area 18897.50 Feb/18
France -5186.00 Feb/18
Germany 18400.00 Feb/18
India -13690.00 Mar/18
Indonesia 1091.70 Mar/18
Italy 3104.28 Feb/18
Japan 797.35 Mar/18
Mexico 1062.00 Feb/18
Netherlands 4514.00 Feb/18
Russia 12192.00 Feb/18
South Korea 6865.00 Mar/18
Spain -2167000.00 Feb/18
Switzerland 2315.30 Mar/18
Turkey -5760.71 Feb/18
United Kingdom -965.00 Feb/18
United States -57591.00 Feb/18


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