Imports to Spain went up 5.2 percent from a year earlier to EUR 27.82 billion in March 2019, boosted by higher purchases of capital goods (1.5 percent); chemicals (12.7 percent); energy products (13.4 percent); non-chemical semi-manufactures (4.0 percent); food, beverages & tobacco (5.7 percent); manufactured goods (3.2 percent); and durable consumer goods (4.9 percent). Meanwhile, purchases decreased for vehicles (-0.4 percent); and raw materials (-0.2 percent). Among major trading partners, purchases advanced from China (7.6 percent), the US (39.8 percent) and the UK (16.5 percent) but went down from the Euro Area (-0.8 percent), of which France (-4.9 percent), Italy (-1.6 percent) and Portugal (-3.9 percent). Imports in Spain averaged 8543616.38 EUR Thousand from 1962 until 2019, 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 26600000.00 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 29900000.00 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.