The trade deficit in Spain widened to €6.4 billion in April of 2022 from € 1.3 billion a year earlier, with the energy gap jumping to €5.1 billion from €1.6 billion. Excluding energy, the trade balance swung to a €1.3 billion gap from a €0.29 billion surplus a year earlier. Exports increased 21.2 percent to €31.3 billion, driven by sales of food, beverages, and tobacco (16.6 percent). Among major trading partners, shipments advanced to the EU (21.2 percent) and the US (35 percent). Meantime, imports soared at a faster 38.9 percent to 37.7 billion, driven by energy purchases (178.6 percent). Imports increased mainly from the EU (14.2 percent) and Asia (49.6 percent). source: Ministerio de Industria, Comercio y Turismo
Balance of Trade in Spain averaged -1826886.83 EUR Thousand from 1962 until 2022, reaching an all time high of 1481717 EUR Thousand in June of 2020 and a record low of -9834766 EUR Thousand in December of 2007. This page provides the latest reported value for - Spain Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.
Balance of Trade in Spain is expected to be -7000000.00 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Balance of Trade is projected to trend around -5500000.00 EUR Thousand in 2023 and -4400000.00 EUR Thousand in 2024, according to our econometric models.