Imports to Spain rose 0.3 percent to EUR 25.47 billion in September of 2018 from EUR 25.41 billion a year ago, primarily driven by purchases of chemical products (11.2%); energy products (15.7%), namely oil & by-products (19.2%) and non-chemical semi-manufactured products (6.1%), such as iron & steel (7.8%) and non-ferrous metals (8.8%). In contrast, imports declined for equipment goods (-4.3%), including machinery (-4.6%) and aircraft (-71.9%); consumption goods (-1.3%), of which textiles (-0.3%) and toys (-11.7%); automotive products (-12.4%), namely auto parts (-13.6%) and cars & motorbikes (-11.2%) and food, beverages & tobacco (-5.5%). Among major trade partners, imports grew from the UK (14.4%), Turkey (17.3%), China (4.2%) and Saudi Arabia (44.9%); but fell from Germany (-3.5%), France (-5.1%), the Netherlands (-10.5%), Belgium (-7.4%), Russia (-32.2%) and the US (-11.2%) and were flat from Italy. Imports in Spain averaged 8407858.76 EUR Thousand from 1962 until 2018, reaching an all time high of 27684374 EUR Thousand in March of 2017 and a record low of 37437.07 EUR Thousand in January of 1962.
Imports in Spain is expected to be 24600000.00 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 26800000.00 in 12 months time. In the long-term, the Spain Imports is projected to trend around 25500000.00 EUR Thousand in 2020, according to our econometric models.