Spain's trade balance shifted to a deficit of EUR 4.76 billion in May of 2022, compared to a surplus of EUR 0.14 billion in the corresponding month of the previous year, with the energy gap jumping to EUR 4.8 billion from EUR 2 billion. Imports soared 47.1 percent to EUR 39.8 billion, driven by energy purchases (132.1 percent). Meanwhile, exports climbed at a softer 28.8 percent to EUR 35 billion, boosted by sales of food, beverages & tobacco (16.6 percent) and chemical products (33.2 percent). Excluding energy, the country posted a trade surplus of EUR 0.75 billion, compared to a EUR 2.1 billion surplus a year earlier. source: Ministerio de Industria, Comercio y Turismo
Balance of Trade in Spain averaged -1830930.77 EUR Thousand from 1962 until 2022, reaching an all time high of 1481717 EUR Thousand in June of 2020 and a record low of -9834766 EUR Thousand in December of 2007. This page provides the latest reported value for - Spain Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.
Balance of Trade in Spain is expected to be -7000000.00 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Balance of Trade is projected to trend around -5500000.00 EUR Thousand in 2023 and -4400000.00 EUR Thousand in 2024, according to our econometric models.