Imports to Spain advanced 1.6 percent from a year ago to EUR 24.41 billion in December of 2018, mainly driven by higher purchases of energy products (17 percent) and chemicals (8.1 percent while capital goods declined (-6.7 percent). Among major trading partners, imports went up from China (3.6 percent) and the US (1.8 percent), but decreased from the UK (-0.8 percent) and the Euro Area (-3.8 percent), namely France (-13.1 percent), Germany (-1.8 percent) and Italy (-4.2 percent). Imports in Spain averaged 8468303.83 EUR Thousand from 1962 until 2018, reaching an all time high of 30249900 EUR Thousand in October of 2018 and a record low of 37437.07 EUR Thousand in January of 1962.
Imports in Spain is expected to be 29300000.00 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 25000000.00 in 12 months time. In the long-term, the Spain Imports is projected to trend around 26400000.00 EUR Thousand in 2020, according to our econometric models.