Exports from Spain grew 7.7 percent year-on-year to EUR 20.71 billion in August 2018 from EUR 19.24 billion a year earlier, mostly due to higher sales of energy products (32.0 percent); non-chemical semi-manufactured products (22.2 percent); other goods (20.2 percent); chemicals (7.0 percent); food, beverages and tobacco (6.9 percent); vehicle parts & accessories (6.0 percent) and consumption goods (4.8 percent). On the other hand, exports dropped for equipment goods (-3.9 percent); raw materials (-3.1 percent). Among major trade partners, exports advanced mainly from Italy (24.6 percent), the UK (15.1 percent), Portugal (14.2 percent), France (6.4 percent) and the US (1.8 percent). Exports in Spain averaged 6573250.48 EUR Thousand from 1962 until 2018, reaching an all time high of 26225818.43 EUR Thousand in March of 2017 and a record low of 14286.06 EUR Thousand in July of 1963.
Exports in Spain is expected to be 22500000.00 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Spain to stand at 24300000.00 in 12 months time. In the long-term, the Spain Exports is projected to trend around 23700000.00 EUR Thousand in 2020, according to our econometric models.