Imports to Spain tumbled 39.6 percent from a year earlier to EUR 17.39 billion in May 2020, the largest decline on record, due to purchases of energy products (-70.3 percent), autos (-68.9 percent), capital goods (-37.0 percent), consumer manufactured goods (-30.5 percent) and non-chemical semi-manufactures (-38.1 percent). Among key trade partners, imports dropped from the Euro Area (-40.3 percent), in particular from Germany (-42.4 percent), France (-47.3 percent), Italy (-38.6 percent) and Portugal (-40.1 percent). Imports were also down from the UK (-42.9 percent), the US (-36.5 percent), but were up from China (8.8 percent).
Imports in Spain averaged 8902782.43 EUR Thousand from 1962 until 2020, reaching an all time high of 30249871.83 EUR Thousand in October of 2018 and a record low of 37437.04 EUR Thousand in January of 1962. This page provides the latest reported value for - Spain Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Imports - values, historical data and charts - was last updated on August of 2020. source: Ministerio de Industria, Comercio y Turismo
Imports in Spain is expected to be 17500000.00 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Spain to stand at 208400.00 in 12 months time. In the long-term, the Spain Imports is projected to trend around 23200000.00 EUR Thousand in 2021 and 26400000.00 EUR Thousand in 2022, according to our econometric models.