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

Spain's trade deficit widened sharply by 52.1 percent to EUR 1.43 billion in May 2017 from EUR 0.94 billion in the corresponding month a year earlier. Exports increased 15.2 percent year-on-year to EUR 25.36 billion while imports rose at a faster 16.7 percent to EUR 26.79 billion. In the first five months of the year, the trade deficit jumped 50.7 percent to EUR 9.83 billion, driven by a 13.3 percent increase in imports while exports rose 10.9 percent to a new record high for that period. Balance of Trade in Spain averaged -1775218.54 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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Spanish Trade Deficit Widens 52.1% In May


Spain's trade deficit widened sharply by 52.1 percent to EUR 1.43 billion in May 2017 from EUR 0.94 billion in the corresponding month a year earlier. Exports increased 15.2 percent year-on-year to EUR 25.36 billion while imports rose at a faster 16.7 percent to EUR 26.79 billion. In the first five months of the year, the trade deficit jumped 50.7 percent to EUR 9.83 billion, driven by a 13.3 percent increase in imports while exports rose 10.9 percent to a new record high for that period.

Exports increased 15.2 percent to EUR 25.36 billion from EUR 22.01 billion a year earlier. The main contributions to export growth came from the capital goods sector (contribution of 4.3 points), energy products (2.7 points), chemicals (2 points) and non-chemical semi-manufactures (1.6 points). The only sector that contributed negatively was other goods (-0.1 points). Exports to the EU rose 16.2 percent year-on-year, as sales to the euro zone increased 15.9 percent and those to the rest of the European Union went up 17.5 percent. Among major trading partners, exports grew to Germany (19.1 percent), the United Kingdom (17.5 percent), Italy (18 percent) and France (13.1 percent).

Imports rose 16.7 percent to EUR 26.79 billion from EUR 22.96 billion a year earlier.

With the European Union countries, the trade balance showed a surplus of EUR 2.05 billion, compared with a EUR 0.92 billion surplus in May 2016.

Considering the first five months of the year, the trade deficit jumped 50.7 percent to EUR 9.83 billion, as imports went up 13.3 percent to EUR 126.73 billion and exports increased 10.9 percent to EUR 116.90 billion, a new record high for that period. 

Mineco | Joana Ferreira | joana.ferreira@tradingeconomics.com
7/21/2017 8:49:49 AM


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Calendar GMT Actual Previous Consensus Forecast (i)
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 €-1.4B €-1.2B €-1B
2017-08-22 08:00 AM Jun €-1.4B €-1.7B
2017-09-22 08:00 AM Jul
2017-10-20 08:00 AM Aug


Spain Trade Last Previous Highest Lowest Unit
Balance of Trade -1431000.00 -1198829.00 634935.00 -9834766.00 EUR Thousand [+]
Exports 25359000.00 21796212.38 26225818.43 14286.06 EUR Thousand [+]
Imports 26790000.00 22995000.00 27684000.00 37437.07 EUR Thousand [+]
Current Account 2569.00 448.00 4482.00 -12368.00 EUR Million [+]
Current Account to GDP 2.20 1.40 2.20 -9.60 percent [+]
Terms of Trade 102.90 103.10 123.70 62.20 Index Points [+]
Foreign Direct Investment -3099.00 2663.00 23250.00 -10292.00 EUR Million [+]
Capital Flows -1657.00 2926.00 15580.00 -9850.00 EUR Million [+]
Remittances 2769.00 3229.00 3434.00 732.00 EUR Million [+]
Tourist Arrivals 8432.08 7943.83 10104.27 1397.41 Thousand [+]
Gold Reserves 281.58 281.58 523.47 281.58 Tonnes [+]
External Debt 1910722000.00 1865366000.00 1910722000.00 601897024.00 EUR Thousand [+]
Crude Oil Production 2.00 2.00 17.00 1.00 BBL/D/1K [+]
Tourism Revenues 5070.00 3915.00 7102.00 890.00 EUR Million [+]
Terrorism Index 1.20 2.62 6.52 1.20 [+]
Weapons Sales 483.00 1151.00 1429.00 2.00 USD Million [+]

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 August of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-1431000.00 -1198829.00 634935.00 -9834766.00 1962 - 2017 EUR Thousand Monthly



balance of trade by Country

Last
Australia 856.00 Jun/17
Brazil 6298.00 Jul/17
Canada -3601.90 Jun/17
China 467.36 Jul/17
Euro Area 26587.50 Jun/17
France -4657.00 Jun/17
Germany 22324.00 Jun/17
India -11449.80 Jul/17
Indonesia -271.20 Jul/17
Italy 4502.18 Jun/17
Japan 418.77 Jul/17
Mexico 61.53 Jun/17
Netherlands 6620.00 Jun/17
Russia 8690.00 Jun/17
South Korea 10646.00 Jul/17
Spain -1431000.00 May/17
Switzerland 2812.51 Jun/17
Turkey -6010.95 Jun/17
United Kingdom -4564.00 Jun/17
United States -43642.00 Jun/17