Spain Imports

Imports to Spain dropped 2.6 percent from a year ago to EUR 26.47 billion in June 2019, mainly due to lower purchases of raw materials (-10.9 percent); food, beverages and tobacco (-2.1 percent); automotive sector (-2.5 percent); and non-chemicals semi-manufactures (-0.2 percent). In contrast, purchases increased for energy products (0.6 percent); chemical products (6.7 percent); equipment goods (4.5 percent); and manufactured consumption goods (4.4 percent). Among major trading partners, purchases decreased from the Euro Area (-7.1 percent), in particular Germany (-10.3 percent), France (-10.5 percent) and Portugal (-15.5 percent). Also imports rose from the US (24.1 percent) and China (4.7 percent). Imports in Spain averaged 8597547.14 EUR Thousand from 1962 until 2019, 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 26600000.00 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 29900000.00 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.

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Spain Trade	Last	Previous	Highest	Lowest	Unit
Balance of Trade	-1532700.00	-2110200.00	634935.00	-9834766.00	EUR Thousand	[+]
Current Account	2701.00	-413.00	5059.00	-12368.00	EUR Million	[+]
Current Account to GDP	0.90	1.80	2.30	-9.60	percent	[+]
Imports	26471300.00	28801800.00	30249900.00	37437.07	EUR Thousand	[+]
Exports	24938700.00	26691544.40	26691544.40	14286.06	EUR Thousand	[+]
Terms of Trade	102.40	101.50	123.70	62.20	Index Points	[+]
Foreign Direct Investment	-2227.00	1091.00	23250.00	-9566.00	EUR Million	[+]
Capital Flows	7563.00	3933.00	17904.00	-11878.00	EUR Million	[+]
Remittances	3475.00	3333.00	3590.00	732.00	EUR Million	[+]
Tourist Arrivals	8828.50	7952.79	10493.44	1397.41	Thousand	[+]
Gold Reserves	281.60	281.60	523.47	281.58	Tonnes	[+]
Tourism Revenues	5333.00	4185.00	8015.00	890.00	EUR Million	[+]
Terrorism Index	4.02	1.70	6.52	1.20		[+]
Weapons Sales	1188.00	820.00	1429.00	1.00	USD Million	[+]
External Debt	2057984000.00	2014359000.00	2057984000.00	618600000.00	EUR Thousand	[+]

Exports by Country | Exports by Category | Imports by Country | Imports by Category

Spain Imports

In 2017, imports to Spain rose 10.5 percent from the previous year to an all-time high of EUR 302 billion, mainly driven by a surge in domestic demand and an increase in energy prices. Within the Autonomous Communities, the biggest importers were Catalonia (28 percent of total imports), Madrid (20 percent) Andalusia (10 percent) and Valencia (9 percent). Spain main imports were: capital goods (22 percent of total imports); chemicals (15 percent); energy products (13 percent); automotive sector (13 percent); consumer goods (12 percent); food, beverages and tobacco (12 percent); and non-chemical semi-manufactured products (7 percent). Main import partners were: Germany (13 percent of total imports); France (11 percent); China (9 percent); Italy (7 percent); the US (5 percent); the UK and Portugal (4 percent each); and Morocco and Turkey (2 percent each). 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 - actual data, historical chart and calendar of releases - was last updated on August of 2019.