Spain Imports

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.

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Spain Trade	Last	Previous	Highest	Lowest	Unit
Balance of Trade	-3297100.00	-3057300.00	634935.00	-9834766.00	EUR Thousand	[+]
Exports	22176900.00	20714800.00	26225818.43	14286.06	EUR Thousand	[+]
Imports	25473900.00	23772100.00	27684374.00	37437.07	EUR Thousand	[+]
Current Account	899.00	1829.00	5059.00	-12368.00	EUR Million	[+]
Current Account to GDP	1.90	1.90	1.90	-9.60	percent	[+]
Terms of Trade	100.30	99.60	123.70	62.20	Index Points	[+]
Foreign Direct Investment	1958.00	388.00	23250.00	-9566.00	EUR Million	[+]
Capital Flows	-1393.00	2880.00	17904.00	-11878.00	EUR Million	[+]
Remittances	3347.00	3503.00	3590.00	732.00	EUR Million	[+]
Tourist Arrivals	7635.57	8924.33	10493.44	1397.41	Thousand	[+]
Gold Reserves	281.60	281.60	523.47	281.58	Tonnes	[+]
Tourism Revenues	6819.00	8032.00	8032.00	890.00	EUR Million	[+]
Terrorism Index	1.70	1.20	6.52	1.20		[+]
Weapons Sales	814.00	507.00	1429.00	2.00	USD Million	[+]
External Debt	1991484000.00	1977387000.00	1991484000.00	618600000.00	EUR Thousand	[+]
Crude Oil Production	2.00	2.00	17.00	1.00	BBL/D/1K	[+]

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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 December of 2018.