Export from Spain went up 5.5 percent year-on-year to EUR 26.69 billion in May 2019, mainly driven by higher sales of energy products (14.7 percent); equipment goods (13.4 percent); manufactured consumption goods (13.2 percent); food, beverages and tobacco (3.6 percent); chemicals (3.6 percent); and non-chemicals semi-manufactures (3.4 percent). Meanwhile, sales fell for raw materials (-0.4 percent) and for the automotive sector (-0.4 percent). Among major trading partners, sales rose to the Euro Area (5.5 percent), of which Germany (11.4 percent), France (3.8 percent), Portugal (4.3 percent), and Italy (1.8 percent). Shipments also went up to the US (13.7 percent) and China (8.6 percent). Exports in Spain averaged 6794720.53 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 25100000.00 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 28400000.00 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.