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

The Spanish trade deficit increased 50.3 percent to EUR 2.15 billion in May of 2018 from EUR 1.43 billion in the same month a year ealier, as exports dropped 0.2 percent while imports rose 2.5 percent. Balance of Trade in Spain averaged -1768847.82 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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Spanish Trade Deficit Widens in May


The Spanish trade deficit increased 50.3 percent to EUR 2.15 billion in May of 2018 from EUR 1.43 billion in the same month a year ealier, as exports dropped 0.2 percent while imports rose 2.5 percent.

Exports fell 0.2 percent year-on-year to EUR 25.31 billion in May from EUR 25.36 billion a year earlier. The main contributors to the decrease in exports were: capital goods (-1.6 points); automobile sector (-0.3 points) and manufactured goods (-0.3 points).

Exports to the EU went up 0.2 percent, as an increase of 1.2 percent to the euro zone while the sales to the rest of Europe edged down by 3.3 percent. Among major trading partners exports declined for the UK (-12.2 percent), Germany (-5.9 percent) and France ( -1.5 percent)  

Imports advanced 2.5 percent year-on-year to EUR 27.46 billion in May from EUR billion in the same month a year ago.

Considering the first five months of the year, the trade gap widened 23.5 percent to EUR 12.14 billion, as exports rose 2.8 percent to EUR 120.19 billion and imports advanced 4.4 percent to EUR 132.33 billion.


Mineco | Stefanie Moya | stefanie.moya@tradingeconomics.com
7/20/2018 9:14:32 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-05-22 08:00 AM Balance of Trade €-0.83B €-2.17B €-1.6B
2018-06-25 07:45 AM Balance of Trade €-3.1B €-0.83B €-1.4B
2018-07-20 08:30 AM Balance of Trade €-2.15B €-3.1B €-1.7B
2018-08-23 08:00 AM Balance of Trade € -1.4B
2018-09-21 08:00 AM Balance of Trade €-2.1B
2018-10-23 08:00 AM Balance of Trade €-3.6B


Spain Trade Last Previous Highest Lowest Unit
Balance of Trade -3050045.00 -830631.00 634935.00 -9834766.00 EUR Thousand [+]
Exports 25309000.00 23858353.66 26225818.43 14286.06 EUR Thousand [+]
Imports 27463000.00 26908400.00 27684374.00 37437.07 EUR Thousand [+]
Current Account -1516.00 287.00 4378.00 -12368.00 EUR Million [+]
Current Account to GDP 1.90 1.90 1.90 -9.60 percent [+]
Terms of Trade 101.70 103.20 123.70 62.20 Index Points [+]
Foreign Direct Investment 1434.00 10798.00 23250.00 -9566.00 EUR Million [+]
Capital Flows 1823.00 1049.00 15514.00 -10432.00 EUR Million [+]
Remittances 3308.00 3333.00 3488.00 732.00 EUR Million [+]
Tourist Arrivals 8084.17 6770.85 10510.53 1397.41 Thousand [+]
Gold Reserves 281.60 281.60 523.47 281.58 Tonnes [+]
Tourism Revenues 3850.00 4076.00 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 1957442000.00 1918114000.00 1957442000.00 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 July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-3050045.00 -830631.00 634935.00 -9834766.00 1962 - 2018 EUR Thousand Monthly




balance of trade by Country
Country Last
Australia 827.00 May/18
Brazil 5881.58 Jun/18
Canada -2771.20 May/18
China 416.13 Jun/18
Euro Area 16514.10 May/18
France -6005.00 May/18
Germany 19669.00 May/18
India -16600.00 Jun/18
Indonesia 1742.60 Jun/18
Italy 3377.54 May/18
Japan 721.41 Jun/18
Mexico -1587.00 May/18
Netherlands 5030.00 May/18
Russia 15151.00 May/18
South Korea 6331.21 Jun/18
Spain -3050045.00 Apr/18
Switzerland 1309.00 Jun/18
Turkey -7759.34 May/18
United Kingdom -2790.00 May/18
United States -43053.00 May/18


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