Exports from Spain declined 0.5 percent year-on-year to EUR 25.47 billion in March 2019, mostly due to lower sales of the automotive sector (-15 percent); and non-chemicals semi-manufactures (-6.3 percent). On the other hand, sales advanced for capital goods (0.1 percent); food, beverages & tobacco (3.6 percent); chemicals (7.2 percent); energy products (15.6 percent); raw materials (5.3 percent); manufactured goods (1.3 percent); durable consumer goods (1.5 percent); and other products (8.2 percent). Among major trading partners, sales fell to the Euro Area (-3.8 percent), namely to Germany (-7.1 percent), France (-6.9 percent) and Italy (-0.1 percent), while rose to Portugal (2.2 percent). Shipments also increased to the UK (5.6 percent), the US (11.7 percent) and China (14.3 percent). Exports in Spain averaged 6741303.12 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.