Overview In May 2021 Spain exported €26.7B and imported €27.6B, resulting in a negative trade balance of €911M. Between May 2020 and May 2021 the exports of Spain have increased by €8.35B (45.6%) from €18.3B to €26.7B, while imports increased by €9.45B (52.1%) from €18.1B to €27.6B.
Trade In May 2021, the top exports of Spain were Cars (€2.37B), Commodities not elsewhere specified (€1.21B), Refined Petroleum (€949M), Packaged Medicaments (€808M), and Vehicle Parts (€704M). In May 2021 the top imports of Spain were Crude Petroleum (€2B), Vehicle Parts (€1.12B), Cars (€1.07B), Packaged Medicaments (€889M), and Commodities not elsewhere specified (€826M).
Origins In May 2021 the exports of Spain were mainly from Barcelona (€5.2B), Madrid (€3.19B), Valencia (€1.39B), La Coruña (€1.12B), and Murcia (€1.05B), while imports destinations were mainly Madrid (€6.21B), Barcelona (€5.75B), Valencia (€1.46B), Tarragona (€1.2B), and Sin provincia asignada (€930M).
Destinations In May 2021, Spain exported mostly to France (€3.99B), Germany (€2.7B), Italy (€2.13B), Portugal (€2.04B), and United Kingdom (€1.55B), and imported mostly from Germany (€3.23B), France (€2.61B), China (€2.41B), Italy (€1.84B), and United States (€1.31B).
Growth In May 2021, the increase in Spain's year-by-year exports was explained primarily by an increase in exports to France (€1.25B or 45.7%), Italy (€782M or 58.1%), and Portugal (€700M or 52%), and product exports increase in Cars (€964M or 68.5%), Refined Petroleum (€391M or 70%), and Vehicle Parts (€379M or 117%). In May 2021, the increase in Spain's year-by-year imports was explained primarily by an increase in imports from Germany (€1.17B or 56.7%), France (€1.05B or 67%), and Italy (€669M or 57.1%), and product imports increase in Crude Petroleum (€1.4B or 232%), Cars (€656M or 157%), and Vehicle Parts (€583M or 109%).