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 June of 2022.
Balance of Trade in Spain is expected to be 1800000.00 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 -700000.00 EUR Thousand in 2023 and -2800000.00 EUR Thousand in 2024, according to our econometric models.