Spain's trade balance shifted to a deficit of EUR 0.98 billion in June of 2021, compared to a surplus of EUR 1.48 billion in the corresponding month of the previous year. Imports advanced 35.1 percent to EUR 28.58 billion, mainly driven by purchases of capital goods (21.5%); chemicals (28.9%); energy products (110.5%); autos (17.8%) and food, beverages & tobacco (21.3%). Among major trade partners, imports were up from Germany (18.8%), France (22.8%), Italy (33.7%) and China (10.1%). Meanwhile, exports rose at a slower 22 percent to EUR 27.61 billion, boosted by sales of capital goods (15.2 percent); chemicals (43.1 percent); food, beverages & tobacco (14.9 percent) and non-chemical semi-manufactured goods (46.8 percent). Shipments of autos, however, fell 4.8 percent. Exports rose primarily to Germany (16.4%), France (26.5%), Italy (35.2%), Portugal (23.2%), the US (15.3%) and China (31.5%). source: Ministerio de Industria, Comercio y Turismo
Balance of Trade in Spain averaged -1792821.49 EUR Thousand from 1962 until 2021, 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 September of 2021.
Balance of Trade in Spain is expected to be -1000000.00 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 -400000.00 EUR Thousand in 2022 and -2900000.00 EUR Thousand in 2023, according to our econometric models.