Spain incurred an overall -$38.3 billion trade deficit during 2019. A trade deficit occurs when a country imports more than it exports. Shipments went down to the UK (-13.4 percent) and the US (-16.7 percent). Exports fell 7.5 percent as sales were mostly down for energy products (-49.7 percent), capital goods (-9.0 percent), manufactured consumer goods (-12.8 percent), raw materials (-25.2 percent) and chemicals (-3.9 percent). Economic recovery and trade surplus Between 2002 and 2007 Spain experienced considerable growth in the volume of national demand. Export growth was driven by capital goods and the automotive sector and the forecast was to reach a surplus … In the months January to August 2020, the trade surplus with countries in the European Union (excluding the United Kingdom) stood at 61.8 billion euros. The surplus of 634.9m euros ($814.1m; £535.4m) in March reflects a 15% plunge in imports, compared with the same month last year. The list of U.S. tariffs on EU products over the Airbus dispute has increased the tension between EU countries and Trump’s Administration. The invisible trade surplus was £900 million lower than reported. Trade with Germany was the most profitable. Poland: $4.8 billion (down -122.6%) 28. Spain went from a $273.7 million surplus trading with Belgium in 2018 transitioning to -$2.6 billion in red ink during 2019. The opposite of a trade surplus is a trade deficit. At the HS6 digit level, 4,480 products are exported to 222 countries and 4,528 products are imported from 230 countries. Netherlands: $52.9 billion (up 40.1%) 37. Spain considers "unacceptable and … Imports tumbled 20.1 percent to EUR 21.16 billion, amid reduced purchases of energy products, autos and capital goods. It then analyses separately the dynamics in exports and imports with the aim of substantiating a solid outlook for the trend in the trade balance for the coming years. According to the Bank of Spain, the more sizeable current account surplus compared to 2018 mainly reflected the larger trade surplus recorded in December 2019—mainly the result of exports rising more than imports—of … Home > News > Download historical data for 20 million indicators using your browser. Also, the gap with Latin America grew to EUR 2 billion from EUR 60 million in 2016, while that with North America was almost unchanged at EUR 1 billion. It was the second consecutive monthly trade surplus since March of 2013, as the global pandemic continued to weigh on global demand. Industrial production dropped 1.6% year-on-year in seasonally- and calendar-adjusted terms in October, moderating from September’s 3.1% decline. Press This up-to-date comparison was last updated in December 2020. In 2017, Spain's trade deficit rose 31.9 percent from the previous year to EUR 25 billion, mainly due to a surge in domestic demand and an increase in energy prices. It was the second consecutive monthly trade surplus since March of 2013, as the global pandemic continued to weigh on global demand. : Alemania y Japón han acumulado masivos superávit comerciales a costa de los exportadores radicados en Estados Unidos. China's Global Trade Surplus Reaches Record High China's trade surplus ballooned last month to a record $75 billion. Which brokers are safe to trade online with in Spain? | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed, Current account surplus grows in December 2019, Spain: Industrial output declines at softest pace in the year in October, Spain: Composite PMI dips to six-month low in November as Covid-19 cuts demand, Spain: Housing permits rise again in September; housing prices dip again in Q3, Spain: Current account surplus falls markedly in September, Spain: Retail sales fall more sharply in October. Meantime, exports fell at a softer 9.2 percent to EUR 22.64 billion, led by lower sales of autos, capital goods, energy products and non-chemical semi-manufactured products. In 2018, Spain exported $330B and imported $377B, resulting in a negative trade balance of -$47.3B. : Bangladesh presenta un superávit comercial con respecto a la UE. Key View. Spanish exports grew by 4.2% in 2013, the highest rate in the European Union. My Cart Google+, © Copyright: 2020. A positive value means a trade surplus, a negative trade balance means a trade … At 217 billion euros ($236 billion), it was Germany's biggest ever. Spain’s current account balance recorded a surplus of EUR 2.2 billion in the final month of 2019, above the EUR 1.8 billion surplus recorded in December 2018 but below the EUR 3.4 billion surplus logged in November. Overall Exports and Imports for Spain 2018 The total value of exports (FOB) is US$ 328,528 million. 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