Download a sample report now. Imports tumbled 20.1 percent to EUR 21.16 billion, amid reduced purchases of energy products, autos and capital goods. In 2019, the trade surplus of goods in Italy amounted to about 59.15 billion U.S. dollars. Unemployment in Spain now runs at 26.7%. My Cart Below are exports from Spain that result in negative net exports or product trade balance deficits during 2018. 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). : Bangladesh presenta un superávit comercial con respecto a la UE. trade in goods and services. Among key trade partners, imports dropped from the Euro Area (-7.1 percent), the UK (-29.8 percent) and the US (-13.8 percent). Key View. Trade surplus by country 2015. 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. 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). 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 … The opposite of a trade surplus is a trade deficit. 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. Spain incurred an overall -$38.3 billion trade deficit during 2019. Translate Trade surplus. Spain’s current account balance recorded a surplus of EUR 2.2 billion in the final month of 2019, above the EUR 1.8 billion surplus recorded in December 2018 but below the EUR 3.4 billion surplus logged in November. Never miss out on our latest data, analysis and industry events. Spain considers "unacceptable and … The country's trade surplus widened to 16.5 billion dollars. Bangladesh has a trade surplus with the EU. The total value of imports (CIF) is US$ 376,185 million. At the HS6 digit level, 4,480 products are exported to 222 countries and 4,528 products are imported from 230 countries. A positive value means a trade surplus, a negative trade balance means a trade deficit. 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. Germany's trade surplus - the excess in the value of its exports over its imports - hit another record in 2014. Online Store 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). At 217 billion euros ($236 billion), it was Germany's biggest ever. Which brokers are safe to trade online with in Spain? 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. Google+, Facebook Shipments dropped to the Euro Area (-1.9 percent), the UK (-12.7 percent) and the US (-26.1 percent). 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. 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). 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. The Spanish Board of Architects approved 8,615 new construction permits in September, according to data published by the Ministry of Public Works. 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. 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 … Looking for forecasts related to Current Account in Spain? This up-to-date comparison was last updated in December 2020. October 2020 Trade in Goods and Services. 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. Home > News > 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. As a result, after three decades of running a trade deficit Spain attained in 2013 a trade surplus. That negative trade balance represents a -19.6% decrease from the -$47.7 billion in red ink one year earlier. Direct access to our calendar releases and historical data. Netherlands: $52.9 billion (up 40.1%) 37. 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. It was the second consecutive monthly trade surplus since March of 2013, as the global pandemic continued to weigh on global demand. Exports to the European Economic and Monetary Union grew 9.6%, almost three points more than imports. 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. Google+, © Copyright: 2020. Deficit: $63.1 Billion Exports: $182.0 Billion Imports: $245.1 Billion. Spain runs systemic trade deficits due to high imports of fuel and high added value goods. Spain recorded a Government Budget deficit equal to 2.80 percent of the country's Gross Domestic Product in 2019. A trade deficit occurs when a country imports more than it exports. 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. Download historical data for 20 million indicators using your browser. : En realidad, Estados Unidos tiene un superávit comercial con Canadá. "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. Trade surplus mainly with EU countries. 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. Current account surplus grows in December 2019. 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). They’ve figured out good ways to repurpose beer during our current pandemic.. : Japan and Western Europe, on the other hand, continued to have trade surpluses. 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. Trade Deficit . : Real economic growth has returned and the 2004 trade surplus was a record. It was the second consecutive monthly trade surplus since March of 2013, as the global pandemic continued to weigh on global demand. Client Log In, Facebook 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 recorded a trade surplus in March of more than 600 million euros ($778.4 million), Finance Minister Luis de Guindos said. 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. In 2018, Spain exported $330B and imported $377B, resulting in a negative trade balance of -$47.3B. This is a year-on-year decline of 6.8 billion euros (10 percent). 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. The invisible trade surplus was £900 million lower than reported. MADRID | Spain reached for the first time a surplus in its trade balance with the euro zone in 2011. So if France sells €100 billion of goods and buys in just €30 billion, its trade surplus would be €70 billion. 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. Trade with Germany was the most profitable. See Spanish-English translations with audio pronunciations, examples, and word-by-word explanations. The net result is a massive trade surplus. 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. Press Publish your articles and forecasts in our website. The weakness of the domestic demand explains the attainment of such a historic achievement, explained the business daily Cinco Días. Source: Eurostat. Richest Research Sources. 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. Sweden, Slovenia, Italy, the United Kingdom and Spain had a trade in goods deficit with the neigbouring continent in 2018. : Alemania y Japón han acumulado masivos superávit comerciales a costa de los exportadores radicados en Estados Unidos. The Trading Economics Application Programming Interface (API) provides direct access to our data. The list of U.S. tariffs on EU products over the Airbus dispute has increased the tension between EU countries and Trump’s Administration. 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). 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. 1962-2020 Data | 2021-2022 Forecast | Calendar | Historical, source: Ministerio de Industria, Comercio y Turismo. The statistic shows the trade balance of goods (exports minus imports of goods) in Russia from 2009 to 2019. Industrial production dropped 1.6% year-on-year in seasonally- and calendar-adjusted terms in October, moderating from September’s 3.1% decline. 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). 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. 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). 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. Overall Exports and Imports for Spain 2018 The total value of exports (FOB) is US$ 328,528 million. : In fact, the U.S. has a trade surplus with Canada. In 2018, Spain's exports per capita were $7.06k and its imports per capita were $8.07k. 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. 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. Export growth was driven by capital goods and the automotive sector and the forecast was to reach a surplus … Much of the increase came from a … Spanish exports grew by 4.2% in 2013, the highest rate in the European Union. 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). 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 - … LinkedIn 1. Next release: January 7, 2021 Complete Release Schedule International Monetary Fund's World Economic Outlook database ... Spain: -$27.1 billion (down -58%) 17. 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. Turkey: -$63.4 billion (down -40.2%) 24. However, a trade surplus covers just the transaction of goods. About China's Global Trade Surplus Reaches Record High China's trade surplus ballooned last month to a record $75 billion. EU trade in goods surplus with Africa declined in the last three years. : Por otra parte, el Japón y la Europa occidental siguieron registrando superávit comerciales. 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. Shipments went down to the UK (-13.4 percent) and the US (-16.7 percent). Twitter Germany and Japan have accumulated massive trade surpluses at the expense of US-based exporters. 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. 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. Twitter 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. Poland: $4.8 billion (down -122.6%) 28. 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. 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. 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. 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). Debt/GDP Statistics by Country. LinkedIn | 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. Since 1995, China has been recording consistent trade surpluses which from 2004 to 2009 has increased 10 times. A la UE 4,480 products are exported to 222 countries and 4,528 products are from! Ve figured out good ways to repurpose beer during our Current pandemic than reported Spain had a trade since... Word-By-Word explanations, as the global pandemic continued to have trade surpluses at the expense of exporters... Goods ( exports minus imports of goods in Italy amounted to about 59.15 billion U.S. dollars ).... 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