Export from Spain went up 3.8 percent over a year earlier to EUR 25.29 billion in July 2019, driven by higher sales of food, beverages and tobacco (10.5 percent); chemicals (8.7 percent); equipment goods (5.8 percent); manufactured consumption goods (10.3 percent); and the automotive sector (5.7 percent). Meanwhile, sales dropped for energy products (-10.2 percent); non-chemicals semi-manufactures (-2.7 percent); raw materials (-23.1 percent); and other products (-17.3 percent). Among major trading partners, sales rose to the Euro Area (4.4 percent), of which France (7.7 percent), Germany (6.9 percent), Portugal (5.4 percent) and Italy (2.9 percent); and the US (0.4 percent). In contrasts, sales fell to China (-3.8 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 24300000.00 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 25600000.00 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.