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. 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 - … The Spanish Board of Architects approved 8,615 new construction permits in September, according to data published by the Ministry of Public Works. Next release: January 7, 2021 Complete Release Schedule 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. 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. : Alemania y Japón han acumulado masivos superávit comerciales a costa de los exportadores radicados en Estados Unidos. The country's trade surplus widened to 16.5 billion dollars. : Real economic growth has returned and the 2004 trade surplus was a record. Looking for forecasts related to Current Account in Spain? 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. Overall Exports and Imports for Spain 2018 The total value of exports (FOB) is US$ 328,528 million. "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. Since 1995, China has been recording consistent trade surpluses which from 2004 to 2009 has increased 10 times. 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. 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. 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. 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. 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. Trade Deficit . Economic recovery and trade surplus Between 2002 and 2007 Spain experienced considerable growth in the volume of national demand. MADRID | Spain reached for the first time a surplus in its trade balance with the euro zone in 2011. 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). 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. International Monetary Fund's World Economic Outlook database ... Spain: -$27.1 billion (down -58%) 17. It was the second consecutive monthly trade surplus since March of 2013, as the global pandemic continued to weigh on global demand. 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). China's Global Trade Surplus Reaches Record High China's trade surplus ballooned last month to a record $75 billion. Google+, © Copyright: 2020. This is a year-on-year decline of 6.8 billion euros (10 percent). At the HS6 digit level, 4,480 products are exported to 222 countries and 4,528 products are imported from 230 countries. In 2018, Spain's exports per capita were $7.06k and its imports per capita were $8.07k. Deficit: $63.1 Billion Exports: $182.0 Billion Imports: $245.1 Billion. Debt/GDP Statistics by Country. Spanish exports grew by 4.2% in 2013, the highest rate in the European Union. Spain recorded a trade surplus in March of more than 600 million euros ($778.4 million), Finance Minister Luis de Guindos said. 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. | 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. Trade surplus by country 2015. Publish your articles and forecasts in our website. 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 positive value means a trade surplus, a negative trade balance means a trade … Exports to the European Economic and Monetary Union grew 9.6%, almost three points more than imports. Which brokers are safe to trade online with in Spain? 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. 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. This up-to-date comparison was last updated in December 2020. 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. 1. Download historical data for 20 million indicators using your browser. Germany's trade surplus - the excess in the value of its exports over its imports - hit another record in 2014. Spain runs systemic trade deficits due to high imports of fuel and high added value goods. 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. Richest Research Sources. See Spanish-English translations with audio pronunciations, examples, and word-by-word explanations. 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. Germany and Japan have accumulated massive trade surpluses at the expense of US-based exporters. Home > News > A positive value means a trade surplus, a negative trade balance means a trade deficit. 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). : Bangladesh presenta un superávit comercial con respecto a la UE. EU trade in goods surplus with Africa declined in the last three years. Much of the increase came from a … 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). About Unemployment in Spain now runs at 26.7%. Download a sample report now. 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 considers "unacceptable and … Turkey: -$63.4 billion (down -40.2%) 24. A trade deficit occurs when a country imports more than it exports. The Trading Economics Application Programming Interface (API) provides direct access to our data. They’ve figured out good ways to repurpose beer during our current pandemic.. My Cart Among key trade partners, imports went down from the Euro Area (-12.4 percent), the UK (-18.3 percent) and the US (-28.4 percent). Sweden, Slovenia, Italy, the United Kingdom and Spain had a trade in goods deficit with the neigbouring continent in 2018. : Por otra parte, el Japón y la Europa occidental siguieron registrando superávit comerciales. The total value of imports (CIF) is US$ 376,185 million. 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. LinkedIn Translate Trade surplus. That negative trade balance represents a -19.6% decrease from the -$47.7 billion in red ink one year earlier. 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). 1962-2020 Data | 2021-2022 Forecast | Calendar | Historical, source: Ministerio de Industria, Comercio y Turismo. However, a trade surplus covers just the transaction of goods. October 2020 Trade in Goods and Services. Twitter Current account surplus grows in December 2019. 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. Key View. Google+, Facebook 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 … Imports tumbled 20.1 percent to EUR 21.16 billion, amid reduced purchases of energy products, autos and capital goods. 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). The invisible trade surplus was £900 million lower than reported. Among key trade partners, imports dropped from the Euro Area (-7.1 percent), the UK (-29.8 percent) and the US (-13.8 percent). trade in goods and services. Direct access to our calendar releases and historical 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 … Trade with Germany was the most profitable. Online Store 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. At 217 billion euros ($236 billion), it was Germany's biggest ever. 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. 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 … The opposite of a trade surplus is 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. In 2018, Spain exported $330B and imported $377B, resulting in a negative trade balance of -$47.3B. Press : En realidad, Estados Unidos tiene un superávit comercial con Canadá. Trade surplus mainly with EU countries. 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. So if France sells €100 billion of goods and buys in just €30 billion, its trade surplus would be €70 billion. : Japan and Western Europe, on the other hand, continued to have trade surpluses. Bangladesh has a trade surplus with the EU. 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 list of U.S. tariffs on EU products over the Airbus dispute has increased the tension between EU countries and Trump’s Administration. 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). Client Log In, Facebook Shipments went down to the UK (-13.4 percent) and the US (-16.7 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). : In fact, the U.S. has a trade surplus with Canada. 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). Poland: $4.8 billion (down -122.6%) 28. 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. Spain recorded a Government Budget deficit equal to 2.80 percent of the country's Gross Domestic Product in 2019. 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. Industrial production dropped 1.6% year-on-year in seasonally- and calendar-adjusted terms in October, moderating from September’s 3.1% decline. Spain went from a $273.7 million surplus trading with Belgium in 2018 transitioning to -$2.6 billion in red ink during 2019. Netherlands: $52.9 billion (up 40.1%) 37. 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. In 2019, the trade surplus of goods in Italy amounted to about 59.15 billion U.S. dollars. The statistic shows the trade balance of goods (exports minus imports of goods) in Russia from 2009 to 2019. The net result is a massive trade surplus. 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. 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). Shipments dropped to the Euro Area (-1.9 percent), the UK (-12.7 percent) and the US (-26.1 percent). It was the second consecutive monthly trade surplus since March of 2013, as the global pandemic continued to weigh on global demand. Never miss out on our latest data, analysis and industry events. LinkedIn 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. 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. 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). The weakness of the domestic demand explains the attainment of such a historic achievement, explained the business daily Cinco Días. As a result, after three decades of running a trade deficit Spain attained in 2013 a trade surplus. Source: Eurostat. 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