Imports to Spain climbed 13.1 percent from a year earlier to an all-time high of EUR 30.25 billion in October 2018, boosted by purchases of energy products (61.5 percent), chemicals (10.9 percent), manufactured goods (5.7 percent), capital goods (5 percent), vehicles (3.4 percent) and food, beverages & tobacco (4 percent). Among major trading partners, imports increased from the Euro Area (6 percent), in particular from Italy (14 percent), Portugal (9.4 percent), the Netherlands (7.2 percent), Germany (5.8 percent) and France (2.4 percent). Imports also grew from China (15 percent) and the UK (0.8 percent), but fell from the US (-0.1 percent). Considering January to October, imports advanced 6.3 percent year-on-year to a record EUR 266.60 billion. Imports in Spain averaged 8439885.21 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 24600000.00 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 26800000.00 in 12 months time. In the long-term, the Spain Imports is projected to trend around 25500000.00 EUR Thousand in 2020, according to our econometric models.