spain trade surplus

Deficit: $63.1 Billion Exports: $182.0 Billion Imports: $245.1 Billion. 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 recorded a trade surplus in March of more than 600 million euros ($778.4 million), Finance Minister Luis de Guindos said. Download historical data for 20 million indicators using your browser. Netherlands: $52.9 billion (up 40.1%) 37. 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. 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. As a result, after three decades of running a trade deficit Spain attained in 2013 a trade surplus. | 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. The invisible trade surplus was £900 million lower than reported. So if France sells €100 billion of goods and buys in just €30 billion, its trade surplus would be €70 billion. Export growth was driven by capital goods and the automotive sector and the forecast was to reach a surplus … Turkey: -$63.4 billion (down -40.2%) 24. 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. My Cart Among key trade partners, imports dropped from the Euro Area (-7.1 percent), the UK (-29.8 percent) and the US (-13.8 percent). 1. Unemployment in Spain now runs at 26.7%. Spain went from a $273.7 million surplus trading with Belgium in 2018 transitioning to -$2.6 billion in red ink during 2019. 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). : Alemania y Japón han acumulado masivos superávit comerciales a costa de los exportadores radicados en Estados Unidos. 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. Debt/GDP Statistics by Country. Press 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. Richest Research Sources. In 2018, Spain exported $330B and imported $377B, resulting in a negative trade balance of -$47.3B. Next release: January 7, 2021 Complete Release Schedule Spain considers "unacceptable and … Germany and Japan have accumulated massive trade surpluses at the expense of US-based exporters. 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). The opposite of a trade surplus is a trade deficit. 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 - … Industrial production dropped 1.6% year-on-year in seasonally- and calendar-adjusted terms in October, moderating from September’s 3.1% decline. 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 surplus mainly with EU countries. 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. It was the second consecutive monthly trade surplus since March of 2013, as the global pandemic continued to weigh on global demand. However, a trade surplus covers just the transaction of goods. 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). 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. 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). Download a sample report now. The Trading Economics Application Programming Interface (API) provides direct access to our data. 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 … 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. 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). This is a year-on-year decline of 6.8 billion euros (10 percent). The total value of imports (CIF) is US$ 376,185 million. LinkedIn 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). 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). Sweden, Slovenia, Italy, the United Kingdom and Spain had a trade in goods deficit with the neigbouring continent in 2018. Publish your articles and forecasts in our website. A positive value means a trade surplus, a negative trade balance means a trade … Much of the increase came from a … Spanish exports grew by 4.2% in 2013, the highest rate in the European Union. LinkedIn Client Log In, Facebook Spain runs systemic trade deficits due to high imports of fuel and high added value goods. 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. See Spanish-English translations with audio pronunciations, examples, and word-by-word explanations. 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. The Spanish Board of Architects approved 8,615 new construction permits in September, according to data published by the Ministry of Public Works. 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. 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. They’ve figured out good ways to repurpose beer during our current pandemic.. EU trade in goods surplus with Africa declined in the last three years. Current account surplus grows in December 2019. : Bangladesh presenta un superávit comercial con respecto a la UE. 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. The statistic shows the trade balance of goods (exports minus imports of goods) in Russia from 2009 to 2019. It was the second consecutive monthly trade surplus since March of 2013, as the global pandemic continued to weigh on global demand. Economic recovery and trade surplus Between 2002 and 2007 Spain experienced considerable growth in the volume of national demand. Trade with Germany was the most profitable. Never miss out on our latest data, analysis and industry events. Online Store Below are exports from Spain that result in negative net exports or product trade balance deficits during 2018. At the HS6 digit level, 4,480 products are exported to 222 countries and 4,528 products are imported from 230 countries. 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. The list of U.S. tariffs on EU products over the Airbus dispute has increased the tension between EU countries and Trump’s Administration. At 217 billion euros ($236 billion), it was Germany's biggest ever. : Real economic growth has returned and the 2004 trade surplus was a record. 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. Twitter Germany's trade surplus - the excess in the value of its exports over its imports - hit another record in 2014. China's Global Trade Surplus Reaches Record High China's trade surplus ballooned last month to a record $75 billion. Key View. Shipments dropped to the Euro Area (-1.9 percent), the UK (-12.7 percent) and the US (-26.1 percent). Translate Trade surplus. Shipments went down to the UK (-13.4 percent) and the US (-16.7 percent). : Por otra parte, el Japón y la Europa occidental siguieron registrando superávit comerciales. Trade Deficit . Source: Eurostat. Looking for forecasts related to Current Account in Spain? 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. trade in goods and services. Spain incurred an overall -$38.3 billion trade deficit during 2019. Imports tumbled 20.1 percent to EUR 21.16 billion, amid reduced purchases of energy products, autos and capital goods. 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. 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). Which brokers are safe to trade online with in Spain? 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 … Trade surplus by country 2015. 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. MADRID | Spain reached for the first time a surplus in its trade balance with the euro zone in 2011. Poland: $4.8 billion (down -122.6%) 28. "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. In 2019, the trade surplus of goods in Italy amounted to about 59.15 billion U.S. dollars. The country's trade surplus widened to 16.5 billion dollars. 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). This up-to-date comparison was last updated in December 2020. Google+, © Copyright: 2020. Direct access to our calendar releases and historical data. 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. 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). October 2020 Trade in Goods and Services. In 2018, Spain's exports per capita were $7.06k and its imports per capita were $8.07k. Country imports more than imports was last updated in December 2019 and buys in €30! 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