Spain Imports

Imports to Spain advanced 1.6 percent from a year ago to EUR 24.41 billion in December of 2018, mainly driven by higher purchases of energy products (17 percent) and chemicals (8.1 percent while capital goods declined (-6.7 percent). Among major trading partners, imports went up from China (3.6 percent) and the US (1.8 percent), but decreased from the UK (-0.8 percent) and the Euro Area (-3.8 percent), namely France (-13.1 percent), Germany (-1.8 percent) and Italy (-4.2 percent). Imports in Spain averaged 8468303.83 EUR Thousand from 1962 until 2018, 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 29300000.00 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 25000000.00 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.

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Spain Trade	Last	Previous	Highest	Lowest	Unit
Balance of Trade	-3247399.00	-2568804.00	634935.00	-9834766.00	EUR Thousand	[+]
Current Account	4670.00	1770.00	5059.00	-12368.00	EUR Million	[+]
Current Account to GDP	1.90	1.90	1.90	-9.60	percent	[+]
Imports	24414100.00	27849800.00	30249900.00	37437.07	EUR Thousand	[+]
Exports	21166697.93	25281000.00	26413344.61	14286.06	EUR Thousand	[+]
Terms of Trade	99.30	100.10	123.70	62.20	Index Points	[+]
Foreign Direct Investment	1691.00	-9659.00	23250.00	-9659.00	EUR Million	[+]
Capital Flows	9321.00	6657.00	17904.00	-11878.00	EUR Million	[+]
Remittances	2552.00	3515.00	3590.00	732.00	EUR Million	[+]
Tourist Arrivals	4196.94	4367.28	10493.44	1397.41	Thousand	[+]
Gold Reserves	281.60	281.60	523.47	281.58	Tonnes	[+]
Tourism Revenues	3934.00	6021.00	8015.00	890.00	EUR Million	[+]
Terrorism Index	4.02	1.70	6.52	1.20		[+]
Weapons Sales	814.00	507.00	1429.00	2.00	USD Million	[+]
External Debt	2003697000.00	1991484000.00	2003697000.00	618600000.00	EUR Thousand	[+]
Crude Oil Production	2.00	1.00	17.00	1.00	BBL/D/1K	[+]

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Spain Imports

In 2017, imports to Spain rose 10.5 percent from the previous year to an all-time high of EUR 302 billion, mainly driven by a surge in domestic demand and an increase in energy prices. Within the Autonomous Communities, the biggest importers were Catalonia (28 percent of total imports), Madrid (20 percent) Andalusia (10 percent) and Valencia (9 percent). Spain main imports were: capital goods (22 percent of total imports); chemicals (15 percent); energy products (13 percent); automotive sector (13 percent); consumer goods (12 percent); food, beverages and tobacco (12 percent); and non-chemical semi-manufactured products (7 percent). Main import partners were: Germany (13 percent of total imports); France (11 percent); China (9 percent); Italy (7 percent); the US (5 percent); the UK and Portugal (4 percent each); and Morocco and Turkey (2 percent each). This page provides the latest reported value for - Spain Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Imports - actual data, historical chart and calendar of releases - was last updated on March of 2019.