Monitor Report of SPAIN trade and SPAIN-China binational trade in 202110

 1.  Overview the trade of SPAIN in goods current year until 202110

According to Dalian Infobank, in 202110SPAIN's exports and imports of goods amounted to 70544.8035 million, and were up 15.76% comparing with the same period of last year. Among these, exports were up 11.54% at 33595.1507 million, and imports were up 19.89% at 36949.6528 million. And the corresponding trade deficit was 3354.5021 million and up 377.54%.

During the current year until 202110, SPAIN's total exports and imports of goods were 653909.1070 million and were up 26.96% comparing to the same period of last year. Among these, exports were 315717.8646 million and up 26.53%; imports were 338191.2424 million and up 27.37%. The total trade deficit was 22473.3779 million and up 40.38%.

If considering by country (region), FRANCE, GERMANY, ITALY, PORTUGAL, CHINA were SPAIN's top five trading partners. During the current year until 202110, SPAIN's imports and exports to five countries/territories were 87641.7729 million, 76193.8956 million, 51746.4828 million, 39723.8763 million, 37050.7697 million. These values correspond to 13.40%, 11.65%, 7.91%, 6.07%, 5.67% of SPAIN's imports and exports, and, respectively, were up 24.03%, up 18.25%, up 42.33%, up 36.11%, up 19.25% comparing to the same period of last year.

Current year until 202110, SPAIN and the top five trade partners FRANCE, GERMANY, ITALY, PORTUGAL, UNITED KINGDOM are the top five countries/territories that SPAIN exports to in terms of the total export amount. During the current year until 202110, SPAIN's exports to these five countries/territories were 50820.1708 million, 32618.2655 million, 27181.4405 million, 25541.2297 million, 18514.0652 million. These values correspond to 16.10%, 10.33%, 8.61%, 8.09%, 5.86% of SPAIN's exports and, respectively, were up 24.48%, up 15.47%, up 41.46%, up 36.12%, up 16.67% comparing with the same period of last year.

Current year until 202110, SPAIN's exports to top five countries/territories GERMANY, FRANCE, CHINA, ITALY, NETHERLANDS are the top five countries/territories that SPAIN imports from in terms of the total export amount. During the current year until 202110, SPAIN's imports from these five countries/territories were 43575.6300 million, 36821.6021 million, 28394.9568 million, 24565.0423 million, 21771.0089 million. These values correspond to 12.88%, 10.89%, 8.40%, 7.26%, 6.44% of SPAIN's total imports and, respectively, were up 20.42%, up 23.40%, up 20.21%, up 43.31%, up 41.38% comparing with the same period of last year.

During the current year until 202110, the trade surplus of SPAIN was mainly from FRANCE, PORTUGAL, UNITED KINGDOM, ITALY, STORES AND PROVISIONS WITHIN THE FRAMEWORK OF TRADE WITH THIRD COUNTRIES at 13998.5687 million, 11358.5831 million, 10287.4843 million, 2616.3981 million, 2595.0906 million, and up 27.42%, up 36.15%, up 54.96%, up 26.19%, up 36.39%. And the trade deficits were mainly from CHINA, GERMANY, NETHERLANDS, NIGERIA, SWITZERLAND at 19739.1439 million, 10957.3645 million, 9924.7555 million, 4784.3892 million, 3363.3224 million, and up 22.04%, up 38.05%, up 42.77%, up 35.37%, down 1165.14%.

Current year until 202110, SPAIN's trade surplus or deficit with top five countries/territories During the current year until 202110,  commodities with hs2 codes, 87, 27, 84, 85, 30, were SPAIN's top five traded commodities. They correspond to the import and export values of 78868.8970 million, 61673.4524 million, 53865.6060 million, 45871.6897 million, 35848.8785 million, which were up 17.36%, up 64.35%, up 19.78%, up 21.76%, up 38.86% comparing with the same period of last year and account for 12.06%, 9.43%, 8.24%, 7.01%, 5.48% of SPAIN's total imports and exports.

During the current year until 202110, 87, 84, 27, 85, 30 were SPAIN's top five traded commodities, with total import and export values of 45617.6792 million, 21896.1627 million, 19284.6894 million, 17059.1973 million, 15846.3594 million. These values correspond to 14.45%, 6.94%, 6.11%, 5.40%, 5.02% of SPAIN's total exports and, respectively, were up 15.91%, up 18.62%, up 65.94%, up 20.64%, up 36.46% comparing to the same period of last year.

During the current year until 202110, 27, 87, 84, 85, 30 were SPAIN's top five traded commodities, with total import values of 42388.7630 million, 33251.2178 million, 31969.4433 million, 28812.4924 million, 20002.5191 million. These values correspond to 12.53%, 9.83%, 9.45%, 8.52%, 5.91% of SPAIN's total exports and, respectively, were up 63.63%, up 19.42%, up 20.58%, up 22.44%, up 40.83% comparing to the same period of last year.


2. Current year until 202110, SPAIN binational trade profile

According to Dalian Infobank, during the current year until 202110, SPAIN-China binational exports and imports of goods amounted to 37050.7697 million and were up 19.25% comparing with the same period of last year. Among these, exports from SPAIN to China were 8655.8129 million and up 16.23%, imports from China to SPAIN were 28394.9568 million and up 20.21%. The total binational trade deficit was 19739.1439 million and up 22.04%.

During the urrent year until 202110, commodities with hs2 code, 85, 84, 02, 94, 95, were binational trade's top five traded commodities. They correspond to import and export values of 6758.2046 million, 4386.6487 million, 2939.2005 million, 1614.8648 million, 1531.9383 million and makes up 18.24%, 11.84%, 7.93%, 4.36%, 4.13% of the total binational imports and exports. These values were also up 36.74%, up 40.24%, up 8.63%, up 57.48%, up 32.77% comparing to the same period last year.

During the current year until 202110, 02, 26, 39, 84, 87 were the top five traded commodities exported to China from SPAIN, with export values of 2935.6577 million, 844.2675 million, 488.4096 million, 440.0844 million, 413.3734 million. These values account for 33.92%, 9.75%, 5.64%, 5.08%, 4.78% of SPAIN's total exports and were up 8.63%, up 27.82%, up 51.84%, up 16.05%, up 26.50% comparing to the same period of last year.

During the current year until 202110, 85, 84, 94, 95, 29 were SPAIN's top five traded commodities importing from China , with import values of 6522.0075 million, 3946.5643 million, 1585.9731 million, 1528.8304 million, 1365.5465 million. These values account for 22.97%, 13.90%, 5.59%, 5.38%, 4.81% of SPAIN's total imports and were up 36.64%, up 43.58%, up 58.07%, up 32.78%, up 32.49% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: Eurostat