Exports from Spain grew 1.9 percent from a year earlier to EUR 23.02 billion in February 2019, led by shipments of capital goods (2.3 percent); food, beverages & tobacco (5.1 percent); chemicals (6.7 percent); non-chemicals semi-manufactures (6.6 percent); manufactured goods (0.6 percent); durable consumer goods (3.7 percent) and other products (10.8 percent). In contrast, overseas sales declined for vehicles (-0.5 percent); energy products (-13.9 percent) and raw materials (-10 percent). Among major trading partners, there were gains in exports to the Euro Area (2.1 percent), in particular to France (6.4 percent), Italy (1.7 percent), Portugal (5.4 percent) and the Netherlands (15 percent). Shipments also rose to the UK (9.5 percent), the US (11.7 percent) but they fell sharply to China (-20.5 percent). Exports in Spain averaged 6741303.12 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 25100000.00 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 28400000.00 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.