Exports from Spain fell 3.7 percent year-on-year to EUR 21.17 billion in December of 2018, mostly due to lower sales of raw materials (-26.2 percent); energy products (-9.4 percent); non-chemicals semi-manufactures (-9.3 percent), automotive sector (-20.3 percent), consumption manufactures (-3.3 percent) and food, beverages and tobacco (-1.0 percent). On the other hand, exports increased for capital goods (10.4 percent); durable consumer goods (4.8 percent) and chemicals (1.6 percent). Among major trading partners, sales dropped to the Euro Area (-3.9 percent), of which France (-9.1 percent), Italy (-1.5 percent) and Portugal (-2.7 percent) while exports to Germany rose (0.6 percent). Sales also decreased to the UK (-8.5 percent), the US (-11.2 percent) and China (-8.0 percent). Exports in Spain averaged 6694429.47 EUR Thousand from 1962 until 2018, 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 27900000.00 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 23200000.00 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.