Spain Balance of Trade  1962-2018 | Data | Chart | Calendar | Forecast

The Spanish trade deficit widened by 154.4 percent to EUR 3.1 billion in April of 2018 from EUR 1.2 billion in the corresponding month of the previous year, as imports rose the most in 13 months and exports advanced 9.5 percent. Balance of Trade in Spain averaged -1768847.82 EUR Thousand from 1962 until 2018, reaching an all time high of 634935 EUR Thousand in November of 1988 and a record low of -9834766 EUR Thousand in December of 2007.

Spain Balance of Trade
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Spanish Trade Deficit Widens 154.4% YoY in April


The Spanish trade deficit widened by 154.4 percent to EUR 3.1 billion in April of 2018 from EUR 1.2 billion in the corresponding month of the previous year, as imports rose the most in 13 months and exports advanced 9.5 percent.

Imports jumped 17 percent year-on-year to EUR 26.91 billion in April from EUR 23 billion a year earlier, mainly due to higher purchases of capital goods (+13 percent); chemical products (+18.8 percent); energy (+19.1 percent), namely oil & related products (+35.9 percent); vehicles (+27.4 percent) and food, beverages & tobacco (+14.2 percent).

Among major trading partners, imports rose from Germany (5.8 percent); France (7.5 percent); China (+4.5 percent) and Italy (+6.7 percent). On the other hand, purchases declined from the United States (-6.5 percent).

Exports increased 9.5 percent year-on-year to EUR 23.86 billion in April from EUR 21.80 billion in the same month a year ago. The main contributors to the export growth were capital goods (+4.7 percent); food, beverages & tobacco (+5.4 percent); vehicles (+16.4 percent) and chemical products (+15 percent).

Shipments went up mainly from France (+5.7 percent); Germany (+9.7 percent); Italy (+7.5 percent) and Portugal (+5.8 percent).

Considering the first four months of the year, the trade deficit widened to EUR 9.98 billion, as imports picked up 4.9 percent to EUR 104.9 billion and exports advanced 3.7 percent to EUR 94.88 billion.


Mineco | Agna Gabriel | agna.gabriel@tradingeconomics.com
6/25/2018 9:28:47 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-04-20 08:00 AM Balance of Trade €-2.17B €-3.94B €-3.2B
2018-05-22 08:00 AM Balance of Trade €-0.83B €-2.17B €-1.6B
2018-06-25 07:45 AM Balance of Trade €-3.1B €-0.83B €-1.4B
2018-07-20 08:00 AM Balance of Trade €-3.1B €-1.7B
2018-08-23 08:00 AM Balance of Trade € -1.4B
2018-09-21 08:00 AM Balance of Trade €-2.1B


Spain Trade Last Previous Highest Lowest Unit
Balance of Trade -3050045.00 -830631.00 634935.00 -9834766.00 EUR Thousand [+]
Exports 23858353.66 25605526.83 26225818.43 14286.06 EUR Thousand [+]
Imports 26908400.00 26436200.00 27684374.00 37437.07 EUR Thousand [+]
Current Account -1516.00 287.00 4378.00 -12368.00 EUR Million [+]
Current Account to GDP 1.90 1.90 1.90 -9.60 percent [+]
Terms of Trade 101.70 103.20 123.70 62.20 Index Points [+]
Foreign Direct Investment 1434.00 10798.00 23250.00 -9566.00 EUR Million [+]
Capital Flows 1823.00 1049.00 15514.00 -10432.00 EUR Million [+]
Remittances 3308.00 3333.00 3488.00 732.00 EUR Million [+]
Tourist Arrivals 8084.17 6770.85 10510.53 1397.41 Thousand [+]
Gold Reserves 281.60 281.60 523.47 281.58 Tonnes [+]
Tourism Revenues 3850.00 4076.00 7794.00 890.00 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 1957442000.00 1918114000.00 1957442000.00 601897024.00 EUR Thousand [+]
Crude Oil Production 2.00 2.00 17.00 1.00 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Spain Balance of Trade

Spain runs systemic trade deficits due to high imports of fuel and high added value goods. In 2017, Spain's trade deficit rose 31.9 percent from the previous year to EUR 25 billion, mainly due to a surge in domestic demand and an increase in energy prices. Within the Autonomous Communities, the biggest exporters were Catalonia (26 percent of total exports), Andalusia, Madrid and Valencia (11 percent each) and the Basque Country (9 percent); while the largest importers were Catalonia (28 percent of total imports), Madrid (20 percent) Andalusia (10 percent) and Valencia (9 percent). The trade surplus with the EU widened to EUR 16 billion from EUR 13 billion in 2016, boosted by an increase in both surpluses with the Eurozone (EUR 9 billion vs EUR 7 billion in 2016) and with the non-euro area countries of the EU (EUR 7 billion vs EUR 6 billion). With regard to non-EU countries, the trade deficit increased to EUR 41 billion from EUR 32 billion in the previous year, as the deficit with Asia rose to EUR 35 billion from EUR 29 billion and that with Africa went up to EUR 6 billion from EUR 4 billion. Also, the gap with Latin America grew to EUR 2 billion from EUR 60 million in 2016, while that with North America was almost unchanged at EUR 1 billion. 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 - actual data, historical chart and calendar of releases - was last updated on July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-3050045.00 -830631.00 634935.00 -9834766.00 1962 - 2018 EUR Thousand Monthly




balance of trade by Country
Country Last
Australia 827.00 May/18
Brazil 5881.58 Jun/18
Canada -2771.20 May/18
China 416.13 Jun/18
Euro Area 16514.10 May/18
France -6005.00 May/18
Germany 19669.00 May/18
India -16600.00 Jun/18
Indonesia 1742.60 Jun/18
Italy 3377.54 May/18
Japan -578.32 May/18
Mexico -1587.00 May/18
Netherlands 5030.00 May/18
Russia 15151.00 May/18
South Korea 6331.21 Jun/18
Spain -3050045.00 Apr/18
Switzerland 2255.00 May/18
Turkey -7759.34 May/18
United Kingdom -2790.00 May/18
United States -43053.00 May/18


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