Imports to Spain Imports went up 0.9 percent from a year earlier to EU 27.01 billion in January 2019, mostly boosted by higher purchases of capital goods (13.5 percent); food, beverages and tobacco (3.7 percent); chemicals (2.0 percent); automotive sector (1.1 percent); durable consumer goods (4.0 percent); non-chemicals semi-manufactures (1.3 percent) and consumption manufactures (1.0 percent). On the other hand, imports declined for energy products (-13.2 percent); capital goods (-12.6 percent); and other products (-34.6 percent). Among major trading partners, imports increased from China (10.7 percent) and the US (24.7 percent), but decreased from the UK (-13.2 percent) and the Euro Area (-1.1 percent), namely Germany (-0.3 percent) and Italy (-6.7 percent). Imports in Spain averaged 8468303.83 EUR Thousand from 1962 until 2018, reaching an all time high of 30249900 EUR Thousand in October of 2018 and a record low of 37437.07 EUR Thousand in January of 1962.
Imports in Spain is expected to be 29300000.00 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Spain to stand at 25000000.00 in 12 months time. In the long-term, the Spain Imports is projected to trend around 26400000.00 EUR Thousand in 2020, according to our econometric models.