Trade Balance in Spain

Spain Trade Balance | Economic News & Forecasts

Spain - Trade Balance

Preliminary data showed the economy suffered its worst downturn in history in Q1 as Covid-19 wreaked havoc on domestic and external demand. Private consumption was crushed as the lockdown imposed on 14 March shut down all non-essential businesses and forced households to halt their spending. Similarly, fixed investment collapsed at a pace not seen since the 2009 global financial crisis, while exports crashed as the spread of the pandemic worldwide suspended travel—battering the key tourism industry—and suppressed foreign demand. The labor market has also taken a severe blow, with 900,000 jobs lost during the latter half of March alone and nearly 4 million workers thrown into temporary unemployment by mid-April. On 28 April, the government announced a four-phase plan to lift the lockdown, with the aim of returning to relative normality by the end of June. Nevertheless, prospects for Q2 remain bleak, with an even greater collapse in activity expected.

Spain - Trade Balance Data

2014   2015   2016   2017   2018  
Trade Balance (USD billion)-33.5  -26.9  -20.8  -28.2  -39.5  

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Spain Trade Balance Chart


Spain Trade
Note: Trade balance 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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