Imports to Spain declined 3.3 percent from a year earlier to EUR 26.93 billion in November 2019, amid lower acquisitions of capital goods (-2.4%), mostly automatic data machines & office equipment (-17.7%); chemicals (-2.8%), namely inorganic chemicals (-14.4%); cars and motorcycles (-12.7%); energy products (-13.3 percent), led by petroleum and derivatives (-12.1%), gas (-7.1%) and durable consumer goods (-2.7 percent), such as home appliances (-5.6%). Among major trade partners, imports from the Euro Area shrank (-1 percent), as declines from Germany (-3.9%), France (-2%) and Italy (-8.5%) outpaced increases from the Netherlands (2.1%), Portugal (5.8%) and Belgium (23.5%). Purchases also fell from China (-5.8%), Turkey (-2.4%), Switzerland (-26.8%), but were higher from the UK (3.1%) and the US (10%). Imports in Spain averaged 8785142.31 EUR Thousand from 1962 until 2019, reaching an all time high of 30249871.83 EUR Thousand in October of 2018 and a record low of 37437.04 EUR Thousand in January of 1962. source: Ministerio de Industria, Comercio y Turismo
Imports in Spain is expected to be 29900000.00 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 25500000.00 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.