Spain Trade Gap Shrinks Sharply in April


The Spanish trade deficit narrowed sharply to EUR 1.61 billion in April of 2019 from EUR 3.01 billion in the corresponding month of the previous year, as exports advanced 3.8 percent and imports slumped 2 percent.

Exports climbed 3.8 percent year-on-year to EUR 24.76 billion in April, boosted by higher sales of equipment goods (8.2 percent); food, beverages and tobacco (4.6 percent); chemicals (2.7 percent); non-chemicals semi-manufactures (2.1 percent); manufactured goods (4.3 percent) and energy products (16.9 percent); while shipments fell for the automotive sector (-5.6 percent).

Among major trading partners, sales advanced to the Euro Area (4.9 percent), namely to Germany (4.9 percent), France (7 percent), Italy (4 percent) and Portugal (9 percent). Shipments also increased to the UK (6.7 percent), the US (15.7 percent) and China (15.6 percent).

Imports dropped 2 percent from a year earlier to EUR 26.37 billion, dragged by purchases of the automotive sector (-1.9 percent); energy products (-19.4 percent); food, beverages and tobacco (-4.7 percent); non-chemicals semi-manufactures (-2 percent) and raw materials (-23.4 percent). On the other hand, imports rose for equipment goods (5 percent); chemical products (5.9 percent) and manufactured goods (7.7 percent).

Among major trading partners, purchases went down from the Euro Area (-2.8 percent), of which Germany (-0.3 percent), France (-4.9 percent), Italy (-0.4 percent) and Portugal (-6.8 percent), from the US (-9.3 percent) and the UK (-6.9 percent) but increased from China (26.2 percent). 

Spain Trade Gap Shrinks Sharply in April


Ministerio de Industria, Comercio y Turismo | Agna Gabriel | agna.gabriel@tradingeconomics.com
6/21/2019 9:21:57 AM