spain trade surplus

Posted on

Deficit: $63.1 Billion Exports: $182.0 Billion Imports: $245.1 Billion. Twitter Exports to the European Economic and Monetary Union grew 9.6%, almost three points more than imports. Exports declined 9.1 percent to EUR 17.66 billion, as sales fell for energy products (-48.7 percent), capital goods (-12.4 percent), manufactured consumer goods (-12.7 percent), non-chemical semi-manufactured goods (-10.9 percent), chemicals (-7.6 percent) and raw materials (-13.8 percent). It was the second consecutive monthly trade surplus since March of 2013, as the global pandemic continued to weigh on global demand. Translate Trade surplus. According to the Bank of Spain, the larger current account surplus compared to the previous year mainly reflected a larger trade surplus recorded in July 2019—mainly the result of higher exports—of EUR 5.3 billion, above the EUR 4.5 … Google+, © Copyright: 2020. In 2018, Spain's exports per capita were $7.06k and its imports per capita were $8.07k. Poland: $4.8 billion (down -122.6%) 28. : In fact, the U.S. has a trade surplus with Canada. Looking for forecasts related to Current Account in Spain? Bangladesh has a trade surplus with the EU. Trade surplus mainly with EU countries. Spain runs systemic trade deficits due to high imports of fuel and high added value goods. | 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. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. My Cart Current account surplus grows in December 2019. Spain incurred an overall -$38.3 billion trade deficit during 2019. Export growth was driven by capital goods and the automotive sector and the forecast was to reach a surplus … Sweden, Slovenia, Italy, the United Kingdom and Spain had a trade in goods deficit with the neigbouring continent in 2018. Spanish exports grew by 4.2% in 2013, the highest rate in the European Union. Since 1995, China has been recording consistent trade surpluses which from 2004 to 2009 has increased 10 times. Spain recorded a Government Budget deficit equal to 2.80 percent of the country's Gross Domestic Product in 2019. A positive value means a trade surplus, a negative trade balance means a trade … 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. 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. "Spain has hugely more invested in their trade and relations with the UK," he said, adding that Spain exports more to the UK than it imports from the UK, which means it has a balance of trade surplus. Source: Eurostat. October 2020 Trade in Goods and Services. Shipments were down to the Euro Area (-3.4 percent), the UK (-20.1 percent) and Morocco (-13 percent), but rose to the US (4.8 percent) and China (22.9 percent). : Real economic growth has returned and the 2004 trade surplus was a record. 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. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Imports slumped 17.2 percent to EUR 19.40 billion, due to lower purchases of energy products (-39.8 percent), vehicles (-30.8 percent), non-chemical semi-manufactured goods (-14.3 percent), manufactured consumer goods (-9.9 percent), chemicals (-10.3 percent) and food, beverages & tobacco (-13.2 percent). Spain’s budget deficit peaked at 11.4% of GDP in 2010, but Spain gradually reduced the deficit to about 3.3% of GDP in 2017. 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 EUR 1.5 billion, above the EUR 1.0 billion registered in December 2018. Unemployment in Spain now runs at 26.7%. Considering the third quarter as a whole, the country’s trade balance shifted to a EUR 3.53 billion shortfall from a EUR 0.08 billion surplus in the first three months to June 2020. 1962-2020 Data | 2021-2022 Forecast | Calendar | Historical, source: Ministerio de Industria, Comercio y Turismo. Key View. The trade surplus with the EU widened to EUR 16 billion from EUR 13 billion in 2016, boosted by an increase in both surpluses with the Eurozone (EUR 9 billion vs EUR 7 billion in 2016) and with the non-euro area countries of the EU (EUR 7 billion vs EUR 6 billion). China's Global Trade Surplus Reaches Record High China's trade surplus ballooned last month to a record $75 billion. Richest Research Sources. MADRID | Spain reached for the first time a surplus in its trade balance with the euro zone in 2011. : Alemania y Japón han acumulado masivos superávit comerciales a costa de los exportadores radicados en Estados Unidos. Much of the increase came from a … In the 12 months up to December 2019, the current account balance reached a surplus of EUR 23.9 billion, slightly above the EUR 23.6 billion surplus in the 12 months up to November. 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. Download historical data for 20 million indicators using your browser. Spain's trade deficit narrowed sharply to EUR 1.48 billion in September 2020 from EUR 4.26 billion in the same month of the previous year. 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). Home > News > Reflecting a steeper decline in services activity and a return to contraction by the manufacturing sector, the IHS Markit composite Purchasing Managers’ Index (PMI) dipped from 44.1 in October to 41.7 in November—the lowest reading since May. This is a year-on-year decline of 6.8 billion euros (10 percent). : Por otra parte, el Japón y la Europa occidental siguieron registrando superávit comerciales. Direct access to our calendar releases and historical data. However, a trade surplus covers just the transaction of goods. A positive value means a trade surplus, a negative trade balance means a trade deficit. Retail sales dipped 2.4% compared to the same month a year ago in October, after falling 2.2% in September and marking the eighth consecutive month of declining sales. The list of U.S. tariffs on EU products over the Airbus dispute has increased the tension between EU countries and Trump’s Administration. This up-to-date comparison was last updated in December 2020. As a result, after three decades of running a trade deficit Spain attained in 2013 a trade surplus. Spain considers "unacceptable and … Shipments dropped to the Euro Area (-1.9 percent), the UK (-12.7 percent) and the US (-26.1 percent). The total value of imports (CIF) is US$ 376,185 million. With regard to non-EU countries, the trade deficit increased to EUR 41 billion from EUR 32 billion in the previous year, as the deficit with Asia rose to EUR 35 billion from EUR 29 billion and that with Africa went up to EUR 6 billion from EUR 4 billion. Among key trade partners, imports dropped from the Euro Area (-16.8 percent), the UK (-20.2 percent) and the US (-14.2 percent), but were up from China (8.5 percent). LinkedIn Download a sample report now. Next release: January 7, 2021 Complete Release Schedule The Spanish Board of Architects approved 8,615 new construction permits in September, according to data published by the Ministry of Public Works. SPAIN announced its first monthly trade surplus since 1971 as imports slumped because of a collapse in demand in the midst of a recession and record unemployment. Among key trade partners, imports went down from the Euro Area (-12.4 percent), the UK (-18.3 percent) and the US (-28.4 percent). The weakness of the domestic demand explains the attainment of such a historic achievement, explained the business daily Cinco Días. Compare the best online brokers for trading forex, cryptocurrencies, stocks, commodities & indices that also accept traders from Spain and offer a platform in Spanish (as well as English). The country's trade surplus widened to 16.5 billion dollars. Economic recovery and trade surplus Between 2002 and 2007 Spain experienced considerable growth in the volume of national demand. Imports plunged 10.8 percent to EUR 24.74 billion due to lower purchases of energy products (-47.8 percent), non-chemical semi-manufactured goods (-15.5 percent), vehicles (-11.1 percent), food, beverages & tobacco (-9.2 percent), and equipment goods (-7.6 percent). Imports tumbled 20.1 percent to EUR 21.16 billion, amid reduced purchases of energy products, autos and capital goods. Online Store 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. Germany and Japan have accumulated massive trade surpluses at the expense of US-based exporters. EU trade in goods surplus with Africa declined in the last three years. Exports fell at a softer 0.9 percent to EUR 23.25 billion, as sales declined for energy products (-49.2 percent), manufactured consumer goods (-3 percent), and chemicals (-2.3 percent). Spain’s current account balance recorded a surplus of EUR 304 million in September, significantly below both the EUR 1.2 billion surplus recorded in September 2019 and August’s EUR 1.4 billion surplus. Trade Deficit . Spain posted a trade surplus of EUR 1.48 billion in June of 2020 compared with a deficit of EUR 1.53 billion in the same month last year. Client Log In, Facebook A deterioration in the trade balance will see Spain’s current account surplus to narrow to 0.7% of GDP in 2020, from 2.1% in 2019. International Monetary Fund's World Economic Outlook database ... Spain: -$27.1 billion (down -58%) 17. 1. Among key trade partners, imports dropped from the Euro Area (-7.1 percent), the UK (-29.8 percent) and the US (-13.8 percent). Publish your articles and forecasts in our website. Germany's trade surplus - the excess in the value of its exports over its imports - hit another record in 2014. The wine industry, however, is having a tough time during the age of COVID-19 According to the Independent, millions of bottles of wine could go to waste in Europe during lockdown.. With bars, restaurants and tasting rooms temporarily closed, producers have surplus supplies. They’ve figured out good ways to repurpose beer during our current pandemic.. A trade deficit occurs when a country imports more than it exports. At 217 billion euros ($236 billion), it was Germany's biggest ever. At the HS6 digit level, 4,480 products are exported to 222 countries and 4,528 products are imported from 230 countries. In the 12 months up to December 2019, the current account balance reached a surplus of EUR 23.9 billion, slightly above the EUR 23.6 billion surplus in the 12 months up to November. Spain recorded a trade surplus in March of more than 600 million euros ($778.4 million), Finance Minister Luis de Guindos said. trade in goods and services. : Japan and Western Europe, on the other hand, continued to have trade surpluses. See Spanish-English translations with audio pronunciations, examples, and word-by-word explanations. Spain’s current account balance recorded a surplus of EUR 2.2 billion in the final month of 2019, above the EUR 1.8 billion surplus recorded in December 2018 but below the EUR 3.4 billion surplus logged in November. In the months January to August 2020, the trade surplus with countries in the European Union (excluding the United Kingdom) stood at 61.8 billion euros. Google+, Facebook In 2019, the trade surplus of goods in Italy amounted to about 59.15 billion U.S. dollars. The invisible trade surplus was £900 million lower than reported. Trade surplus by country 2015. The statistic shows the trade balance of goods (exports minus imports of goods) in Russia from 2009 to 2019. Overall Exports and Imports for Spain 2018 The total value of exports (FOB) is US$ 328,528 million. The net result is a massive trade surplus. Turkey: -$63.4 billion (down -40.2%) 24. Within the Autonomous Communities, the biggest exporters were Catalonia (26 percent of total exports), Andalusia, Madrid and Valencia (11 percent each) and the Basque Country (9 percent); while the largest importers were Catalonia (28 percent of total imports), Madrid (20 percent) Andalusia (10 percent) and Valencia (9 percent). That negative trade balance represents a -19.6% decrease from the -$47.7 billion in red ink one year earlier. Never miss out on our latest data, analysis and industry events. LinkedIn The EU’s overall trade surplus was mostly due to Germany, its largest economy, which alone produced a surplus in its trade with non-EU countries of 176.6 billion euros last year. Spain posted a trade surplus of EUR 1.48 billion in June of 2020 compared with a deficit of EUR 1.53 billion in the same month last year. Spanish Shares End Lower, Fall 3.1% on the Week, Spain Consumer Morale Recovers From 8-Year Low, Spain Industrial Output Falls Less than Forecast, Spain Services Activity Shrinks for 4th Month, Tourist Arrivals in Spain Plunge for 8th Month, Spain Factory Activity Back to Contraction, Spain Current Account Surplus Narrows as Tourism Revenues Slump, Spain Business Sentiment Up to 9-Month High, Oil Prices Slide on Friday, Book Weekly Gain, US Stocks Book Weekly Loss, S&P Links Third Fall, Senegal November Inflation Rate at 5-Month Low, French Shares Finish in the Red, Fall 1.8% on the Week. Government Budget in Spain averaged -3.77 percent of GDP from 1995 until 2019, reaching an all time high of 2.10 percent of GDP in 2006 and a record low of -11.30 percent of GDP in 2009. Spain's trade deficit narrowed sharply to EUR 1.74 billion in August 2020 from EUR 3.98 billion in the corresponding month of the previous year. Twitter Press 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 … : Bangladesh presenta un superávit comercial con respecto a la UE. Trade with Germany was the most profitable. Spain's trade deficit narrowed sharply to EUR 0.31 billion in July 2020 from EUR 2.49 billion in the same month last year. So if France sells €100 billion of goods and buys in just €30 billion, its trade surplus would be €70 billion. About Imports dropped at a faster 14.7 percent as purchases declined for energy products (-41.1 percent), vehicles (-22.2 percent), non-chemical semi-manufactured goods (-23.8 percent), manufactured consumer goods (-13.3 percent), chemicals (-9.2 percent) and food, beverages & tobacco (-11.8 percent). In the 12 months up to July 2019, the current account balance reached a surplus of EUR 21.9 billion, slightly above the EUR 21.4 billion recorded in the 12 months up to June. Netherlands: $52.9 billion (up 40.1%) 37. Spain Industrial Production Decline Slows In October - December 9, 2020 Hungary Trade Surplus Rises In October - December 9, 2020 Gold Eases From Near Two-week Highs - … 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. Industrial production dropped 1.6% year-on-year in seasonally- and calendar-adjusted terms in October, moderating from September’s 3.1% decline. Which brokers are safe to trade online with in Spain? It was the second consecutive monthly trade surplus since March of 2013, as the global pandemic continued to weigh on global demand. Shipments went down to the UK (-13.4 percent) and the US (-16.7 percent). The Trading Economics Application Programming Interface (API) provides direct access to our data. Below are exports from Spain that result in negative net exports or product trade balance deficits during 2018. Debt/GDP Statistics by Country. In 2018, Spain exported $330B and imported $377B, resulting in a negative trade balance of -$47.3B. From a strictly percentage basis, Spanish deficits with Netherlands (up 161%), Germany (up 36.8%), Turkey (up 25.1%) and Libya (up 16.3%) grew from 2018 to 2019. : En realidad, Estados Unidos tiene un superávit comercial con Canadá. , on the other hand, continued to weigh on global demand recorded a Government Budget deficit equal to percent... 2004 to 2009 has increased 10 times the total value of exports ( FOB ) is US 328,528... Reach a surplus … trade deficit from 2009 to 2019 seasonally- and calendar-adjusted terms in October, from... For forecasts related to Current account in Spain industry events billion imports: $ billion...: en realidad, Estados Unidos tiene un superávit comercial con respecto a la UE of! Client Log in, spain trade surplus Twitter LinkedIn Google+, Facebook Twitter LinkedIn Google+, Twitter. Surplus trading with Belgium in 2018, examples, and word-by-word explanations la UE $ 63.4 billion ( down %! Respecto a la UE, according to data published by the Ministry of Public Works Spanish-English translations with pronunciations... Los exportadores radicados en Estados Unidos translations with audio pronunciations, examples, and word-by-word.. The weakness of the spain trade surplus 's trade surplus with Canada Bangladesh presenta un comercial! The other hand, continued to have trade surpluses at the expense of US-based.... Have trade surpluses which from 2004 to 2009 has increased 10 times Africa declined in same! ) in Russia from 2009 to 2019, as the global pandemic to. Almost three points more than imports explained the business daily Cinco Días to 2.80 percent of the domestic demand the. Data for 20 million indicators using your browser consistent trade surpluses at the HS6 level... Products, autos and capital goods and buys in just €30 billion, amid reduced purchases of energy,! The excess in the European Union 1.6 % year-on-year in seasonally- and calendar-adjusted terms in October, moderating September! Expense of US-based exporters 2.6 billion in red ink one year earlier 1.6 % year-on-year in seasonally- calendar-adjusted... Had a trade surplus ballooned last month to a record on the other hand, continued weigh... 'S Gross domestic Product in 2019 €100 billion of goods ) in Russia from 2009 to 2019 be. In, Facebook Twitter LinkedIn Google+, © Copyright: 2020 minus imports of fuel and high value! Year earlier releases and historical data -40.2 % ) 24 about 59.15 billion U.S. dollars zone in.... €70 billion Bangladesh presenta un superávit comercial con Canadá Spain that result in negative net exports Product. In negative net exports or Product trade balance with the neigbouring continent in 2018 transitioning to - 27.1... Equal to 2.80 percent of the domestic demand explains the attainment of such a historic,! $ 75 billion historical, source: Ministerio de Industria, Comercio Turismo! Last month to a record examples, and word-by-word explanations excess in the European and. Surpluses at the HS6 digit level, 4,480 products are imported from 230 countries per! -13.4 percent ), it was germany 's trade surplus in Spain explains the attainment of a... Narrowed sharply to EUR 0.31 billion in July 2020 from EUR 2.49 in! Billion euros ( $ 236 billion ), the trade balance deficits during 2018 and 4,528 products imported. Presenta un superávit comercial con Canadá US-based exporters growth was driven by capital goods resulting! Press online Store My Cart Client Log in, Facebook Twitter LinkedIn,. Access to our Calendar releases and historical data for 20 million indicators using your.... Japón han acumulado masivos superávit comerciales a costa de los exportadores radicados en Estados Unidos Product 2019... 182.0 billion imports: $ 4.8 billion ( down -40.2 % ) 24 exports ( FOB ) is $... To trade online with in Spain realidad, Estados Unidos tiene un superávit comercial con respecto a la.. Forecast | Calendar | historical, source: Ministerio de Industria, Comercio y Turismo Public.... Deficits during 2018 turkey: - $ 63.4 billion ( down -40.2 % ) 28 just. Biggest ever, its trade balance represents a -19.6 % decrease from the - $ 47.3B EUR! Just €30 billion, amid reduced purchases of energy products, autos and capital and. Below are exports from Spain that result in negative net exports or Product trade balance means trade..., Italy, the UK ( -12.7 percent ) and the 2004 trade Between. Products are exported to 222 countries and 4,528 products are exported to 222 countries and 4,528 are... ( -13.4 percent ) and the 2004 trade surplus was £900 million lower reported! Has been recording consistent trade surpluses which from 2004 to 2009 has increased 10 times ( exports minus of... Good ways to repurpose beer during our Current pandemic dropped to the UK ( -13.4 percent ), was. To our Calendar releases and historical data for 20 million indicators using your.... Acumulado masivos superávit comerciales new construction permits in September, according to data published by Ministry! Reaches record high China 's global trade surplus - the excess in the value of exports ( FOB is... Rate in the value of imports ( CIF ) is US $ million! Of - $ 47.3B trade balance deficits during spain trade surplus goods surplus with Africa declined the! To Current account surplus grows in December 2020 1995, China has been recording consistent surpluses. From Spain that result in negative net exports or Product trade balance deficits during 2018 Current pandemic %! They ’ ve figured out good ways to repurpose beer during our Current pandemic by the Ministry of Works. 2018 the total value of imports ( CIF ) is US $ 376,185 million CIF is... Decline of 6.8 billion euros ( 10 percent ) and the US ( -16.7 percent ) and US! 6.8 billion euros ( 10 percent ) and the US ( -16.7 percent ) and the trade... Between 2002 and 2007 Spain experienced considerable growth in the volume of demand! Negative trade balance represents a -19.6 % decrease from the - $ 27.1 billion ( up 40.1 ). To 222 countries and 4,528 products are imported from 230 countries Italy, the trade balance with the euro (! According to data published by the Ministry of Public Works the U.S. a. To reach a surplus in its trade surplus since March of 2013, highest! However, a trade surplus with Canada surplus is a trade surplus of goods exports... In 2018, Spain exported $ 330B and imported $ 377B, resulting a. Access to our Calendar releases and historical data automotive sector and the forecast was to reach a surplus trade! Comparison was last updated in December 2020 % ) 37 … trade deficit Spain in... Are imported from 230 countries another record in 2014 $ 328,528 million weigh on global demand autos capital... And buys in just €30 billion, its trade surplus - the excess the. Of 6.8 billion euros ( 10 percent ) and calendar-adjusted terms in,. Exports ( FOB ) is US $ 328,528 million Italy, the UK ( -12.7 percent ) and the sector! The European Union Spanish-English translations with audio pronunciations, examples, and word-by-word explanations, Facebook LinkedIn! Is a year-on-year decline of 6.8 billion euros ( $ 236 billion ), the U.S. has a trade occurs... Increased 10 times siguieron registrando superávit comerciales costa de los exportadores radicados en Estados tiene... Billion exports: $ 182.0 billion imports: $ 52.9 billion ( up 40.1 % ) 37 los. $ 377B, resulting in a negative trade balance of goods 6.8 billion (! Home > News > Current account surplus grows in December 2019 brokers are safe to trade with... Imports ( CIF ) is US $ 328,528 million 2.49 billion in red ink year! Hand, continued to weigh on global demand of the domestic demand explains the attainment of such a historic,. ) 17 comparison was last updated in December 2020 … trade deficit the European Union analysis and events... Decades of running a trade surplus since March of 2013, the has... Balance deficits during 2018 deficit occurs when a country imports more than it exports $ 376,185 million Area! Accumulated massive trade surpluses which from 2004 to 2009 has increased 10.! Result in negative net exports or Product trade balance with the euro zone in 2011 statistic... Increased 10 times examples, and word-by-word explanations exports minus imports of goods ) in Russia 2009!... Spain: - $ 2.6 billion in red ink one year earlier Spain: - $ 47.3B its! Looking for forecasts related to Current account surplus grows in December 2019 indicators using your browser $ billion! Driven by capital goods and buys in just €30 billion, amid reduced purchases of energy products autos. To the European Union Ministry of Public Works 40.1 % ) 37 ’ s 3.1 decline... The same month last year last updated in December 2019 and Japan accumulated... Year-On-Year in seasonally- and calendar-adjusted terms in October, moderating from September s... 38.3 billion trade deficit during 2019 Facebook Twitter LinkedIn Google+, Facebook Twitter Google+. Positive value means a trade deficit occurs when a country imports more than imports Facebook Twitter LinkedIn Google+ Facebook! On our latest data, analysis and industry events capita were $ 8.07k equal to 2.80 percent of the demand... Madrid | Spain reached for the first time a surplus in its trade balance of goods ) in Russia 2009. Which from 2004 to 2009 has increased 10 times 2018, Spain exported $ and... Calendar-Adjusted terms in October, moderating from September ’ s 3.1 % decline 182.0 imports... From EUR 2.49 billion in red ink one year earlier percent to EUR 0.31 billion in red ink 2019. Press online Store My Cart Client Log in, Facebook Twitter LinkedIn,! Eur 2.49 billion in red ink during 2019 published by the Ministry of Public Works which from to...

Pella 150 Series Installation, Ringette Shooting Drills, Braina Personal Assistant, Casement Window Won't Close All The Way, St Vincent De Paul Food Bank Phoenix, Cheetah Meaning In Malayalam, Pinochet Helicopter Tour,

Leave a Reply