Exports from Spain dropped 1.3 percent year-on-year to EUR 22.53 billion in January 2019, mainly due to lower sales of automotive sector (-4.6 percent); energy products (-22.8 percent); consumption manufactures (-15.4 percent); durable consumer goods (-0.6 percent) and other products (-14.0 percent). Meanwhile, sales rose for capital goods (8.6 percent); food, beverages and tobacco (4.6 percent); non-chemicals semi-manufactures (3.8 percent) and chemicals (1.2 percent). Among major trading partners, sales declined to the Euro Area (-3.1 percent), of which France (-4.5 percent) and Italy (-2.7 percent) while exports to Germany advanced (1.9 percent). Sales also decreased to the UK (-0.8 percent) and China (-6.6 percent) but went up to the US (1.9 percent). Exports in Spain averaged 6717540.30 EUR Thousand from 1962 until 2019, reaching an all time high of 26413344.61 EUR Thousand in October of 2018 and a record low of 14286.06 EUR Thousand in July of 1963.
Exports in Spain is expected to be 27900000.00 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Spain to stand at 23200000.00 in 12 months time. In the long-term, the Spain Exports is projected to trend around 24500000.00 EUR Thousand in 2020, according to our econometric models.