Exports in Spain

Spain Exports | Economic News & Forecasts

Spain - Exports

The economy slowed in the first quarter of this year, as a further acceleration in inflation—due to the war in Ukraine—and the spread of the Omicron variant knocked household spending. Moving to the current quarter, data is mixed. Higher domestic interest rates are likely causing financial conditions to tighten, while the Central Bank recently highlighted persistently weak fiscal metrics as a source of economic vulnerability. More positively, a bounce in tourist numbers in the Easter period will provide some support to activity. Meanwhile, in April the European Commission allowed the government to cap natural gas prices at EUR 50 per megawatt-hour; prices are currently around EUR 90 per megawatt-hour. These measures should support consumer spending, but could also exacerbate regulatory uncertainty, distort markets and widen the fiscal deficit.

Spain - Exports Data

2015   2016   2017   2018   2019  
Exports (USD billion)279  283  316  333  330  

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Spain Exports Chart

Spain Exports
Note: Exports in EUR billion
Source: Bank of Spain.

Spain Facts

Value Change Date
Bond Yield0.465.62 %Dec 31
Exchange Rate1.120.65 %Dec 31

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