Monitor Report of SPAIN trade and SPAIN-China binational trade in 202203

 1.  Overview the trade of SPAIN in goods current year until 202203

According to Dalian Infobank, in 202203SPAIN's exports and imports of goods amounted to 82290.9496 million, and were up 13.29% comparing with the same period of last year. Among these, exports were up 6.52% at 38146.5911 million, and imports were up 19.87% at 44144.3585 million. And the corresponding trade deficit was 5997.7675 million and up 489.80%.

During the current year until 202203, SPAIN's total exports and imports of goods were 225494.9341 million and were up 20.51% comparing to the same period of last year. Among these, exports were 103758.9794 million and up 13.33%; imports were 121735.9547 million and up 27.39%. The total trade deficit was 17976.9752 million and up 348.85%.

If considering by country (region), FRANCE, GERMANY, ITALY, PORTUGAL, UNITED STATES were SPAIN's top five trading partners. During the current year until 202203, SPAIN's imports and exports to five countries/territories were 28615.3100 million, 24445.6589 million, 17160.8700 million, 13546.8421 million, 12762.3631 million. These values correspond to 12.69%, 10.84%, 7.61%, 6.01%, 5.66% of SPAIN's imports and exports, and, respectively, were up 11.75%, up 3.03%, up 14.25%, up 22.87%, up 67.80% comparing to the same period of last year.

Current year until 202203, SPAIN and the top five trade partners FRANCE, GERMANY, PORTUGAL, ITALY, BELGIUM are the top five countries/territories that SPAIN exports to in terms of the total export amount. During the current year until 202203, SPAIN's exports to these five countries/territories were 15924.5245 million, 10628.0029 million, 8992.7550 million, 8752.1001 million, 6330.0499 million. These values correspond to 15.35%, 10.24%, 8.67%, 8.44%, 6.10% of SPAIN's exports and, respectively, were up 8.53%, up 1.29%, up 32.33%, up 9.94%, up 98.53% comparing with the same period of last year.

Current year until 202203, SPAIN's exports to top five countries/territories GERMANY, FRANCE, CHINA, ITALY, UNITED STATES are the top five countries/territories that SPAIN imports from in terms of the total export amount. During the current year until 202203, SPAIN's imports from these five countries/territories were 13817.6560 million, 12690.7855 million, 10662.7295 million, 8408.7699 million, 8232.5836 million. These values correspond to 11.35%, 10.42%, 8.76%, 6.91%, 6.76% of SPAIN's total imports and, respectively, were up 4.42%, up 16.09%, up 32.20%, up 19.11%, up 131.23% comparing with the same period of last year.

During the current year until 202203, the trade surplus of SPAIN was mainly from PORTUGAL, FRANCE, UNITED KINGDOM, BELGIUM, STORES AND PROVISIONS WITHIN THE FRAMEWORK OF TRADE WITH THIRD COUNTRIES at 4438.6680 million, 3233.7390 million, 2913.0452 million, 1973.7878 million, 1234.4057 million, and up 72.95%, down 13.56%, down 18.50%, down 603.16%, up 102.02%. And the trade deficits were mainly from CHINA, UNITED STATES, GERMANY, NETHERLANDS, NIGERIA at 8743.0730 million, 3702.8040 million, 3189.6531 million, 3187.2470 million, 2357.4692 million, and up 63.85%, down 863.54%, up 16.40%, up 5.26%, up 82.18%.

Current year until 202203, SPAIN's trade surplus or deficit with top five countries/territories During the current year until 202203,  commodities with hs2 codes, 27, 87, 84, 85, 30, were SPAIN's top five traded commodities. They correspond to the import and export values of 30591.6879 million, 23556.3614 million, 16735.9627 million, 14430.3117 million, 13989.9980 million, which were up 110.31%, down 11.12%, up 2.24%, up 3.15%, up 56.02% comparing with the same period of last year and account for 13.57%, 10.45%, 7.42%, 6.40%, 6.20% of SPAIN's total imports and exports.

During the current year until 202203, 87, 27, 30, 84, 85 were SPAIN's top five traded commodities, with total import and export values of 13260.0417 million, 9056.3362 million, 7101.2227 million, 6453.4750 million, 4980.3562 million. These values correspond to 12.78%, 8.73%, 6.84%, 6.22%, 4.80% of SPAIN's total exports and, respectively, were down 13.49%, up 105.37%, up 83.55%, down 1.89%, down 5.15% comparing to the same period of last year.

During the current year until 202203, 27, 87, 84, 85, 30 were SPAIN's top five traded commodities, with total import values of 21535.3517 million, 10296.3197 million, 10282.4877 million, 9449.9555 million, 6888.7753 million. These values correspond to 17.69%, 8.46%, 8.45%, 7.76%, 5.66% of SPAIN's total exports and, respectively, were up 112.45%, down 7.87%, up 5.01%, up 8.14%, up 35.12% comparing to the same period of last year.


2. Current year until 202203, SPAIN binational trade profile

According to Dalian Infobank, during the current year until 202203, SPAIN-China binational exports and imports of goods amounted to 12582.3861 million and were up 16.56% comparing with the same period of last year. Among these, exports from SPAIN to China were 1919.6566 million and down 29.67%, imports from China to SPAIN were 10662.7295 million and up 32.20%. The total binational trade deficit was 8743.0730 million and up 63.85%.

During the urrent year until 202203, commodities with hs2 code, 85, 84, 29, 94, 39, were binational trade's top five traded commodities. They correspond to import and export values of 2335.2234 million, 1425.8968 million, 694.9351 million, 589.5154 million, 486.7843 million and makes up 18.56%, 11.33%, 5.52%, 4.69%, 3.87% of the total binational imports and exports. These values were also up 25.61%, up 15.85%, up 57.14%, up 28.02%, up 18.60% comparing to the same period last year.

During the current year until 202203, 02, 26, 84, 87, 30 were the top five traded commodities exported to China from SPAIN, with export values of 340.7697 million, 317.7783 million, 131.3272 million, 130.6871 million, 129.7630 million. These values account for 17.75%, 16.55%, 6.84%, 6.81%, 6.76% of SPAIN's total exports and were down 73.37%, up 160.80%, up 5.48%, up 8.55%, up 29.96% comparing to the same period of last year.

During the current year until 202203, 85, 84, 29, 94, 95 were SPAIN's top five traded commodities importing from China , with import values of 2279.0698 million, 1294.5695 million, 668.7002 million, 582.3544 million, 403.4547 million. These values account for 21.37%, 12.14%, 6.27%, 5.46%, 3.78% of SPAIN's total imports and were up 26.95%, up 17.01%, up 59.93%, up 28.61%, up 18.63% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: Eurostat