Exports from Spain rose 9 percent from a year earlier to EUR 26.41 billion in October 2018, driven by sales of energy products (27.8 percent), capital goods (13.9 percent), non-chemical semi-manufactured products (12.6 percent) chemicals (9.7 percent), vehicles (3.7 percent), food, beverages & tobacco (2.5 percent) and manufactured goods (2.4 percent). Among major trading partners, there were gains in exports to the Euro Area (9.5 percent), namely to the Netherlands (27.5 percent), France (14.1 percent), Portugal (12.5 percent), Italy (7.6 percent) and Germany (1.4 percent). Sales also rose to the UK (25.2 percent) and the US (14 percent). Considering January to October, exports increased 3.8 percent also to a record EUR 238.58 billion. Exports in Spain averaged 6645956.04 EUR Thousand from 1962 until 2018, reaching an all time high of 26413300 EUR Thousand in October of 2018 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.