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Monitor Report of SPAIN trade and SPAIN-China binational trade in 202207

 1.  Overview the trade of SPAIN in goods current year until 202207

According to Dalian Infobank, in 202207, SPAIN's exports and imports of goods amounted to 72349.3787 million, and were up 9.10% comparing with the same period of last year. Among these, exports were up 3.05% at 33020.9617 million, and imports were up 14.76% at 39328.4170 million. And the corresponding trade deficit was 6307.4552 million and up 183.54%.

During the current year until 202207, SPAIN's total exports and imports of goods were 536469.2759 million and were up 17.87% comparing to the same period of last year. Among these, exports were 246573.7733 million and up 11.25%; imports were 289895.5026 million and up 24.15%. The total trade deficit was 43321.7294 million and up 265.16%.

If considering by country (region), FRANCE, GERMANY, ITALY, UNITED STATES, PORTUGAL were SPAIN's top five trading partners. During the current year until 202207, SPAIN's imports and exports to five countries/territories were 66969.3821 million, 55540.6349 million, 39476.5495 million, 32204.6465 million, 31844.2816 million. These values correspond to 12.48%, 10.35%, 7.36%, 6.00%, 5.94% of SPAIN's imports and exports, and, respectively, were up 7.53%, up 0.87%, up 8.49%, up 71.19%, up 16.80% comparing to the same period of last year.

Current year until 202207, SPAIN and the top five trade partners FRANCE, GERMANY, PORTUGAL, ITALY, UNITED KINGDOM are the top five countries/territories that SPAIN exports to in terms of the total export amount. During the current year until 202207, SPAIN's exports to these five countries/territories were 38766.2397 million, 24038.8860 million, 20914.7135 million, 20275.9789 million, 13467.6726 million. These values correspond to 15.72%, 9.75%, 8.48%, 8.22%, 5.46% of SPAIN's exports and, respectively, were up 7.83%, up 0.77%, up 21.09%, up 6.44%, up 4.23% comparing with the same period of last year.

Current year until 202207, SPAIN's exports to top five countries/territories GERMANY, FRANCE, CHINA, UNITED STATES, ITALY are the top five countries/territories that SPAIN imports from in terms of the total export amount. During the current year until 202207, SPAIN's imports from these five countries/territories were 31501.7488 million, 28203.1424 million, 25420.6789 million, 20381.0786 million, 19200.5706 million. These values correspond to 10.87%, 9.73%, 8.77%, 7.03%, 6.62% of SPAIN's total imports and, respectively, were up 0.95%, up 7.12%, up 35.70%, up 133.75%, up 10.73% comparing with the same period of last year.

During the current year until 202207, the trade surplus of SPAIN was mainly from FRANCE, PORTUGAL, UNITED KINGDOM, STORES AND PROVISIONS WITHIN THE FRAMEWORK OF TRADE WITH THIRD COUNTRIES, STORES AND PROVISIONS WITHIN THE FRAMEWORK OF INTRA-EU TRADE at 10563.0973 million, 9985.1454 million, 6705.1685 million, 3519.9555 million, 3004.3552 million, and up 9.79%, up 37.13%, down 8.82%, up 119.65%, up 179.08%. And the trade deficits were mainly from CHINA, UNITED STATES, GERMANY, NETHERLANDS, NIGERIA at 20568.2010 million, 8557.5106 million, 7462.8628 million, 6602.4487 million, 5916.0677 million, and up 65.78%, down 722.94%, up 1.54%, down 6.57%, up 95.11%.

Current year until 202207, SPAIN's trade surplus or deficit with top five countries/territories During the current year until 202207,  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 79799.4889 million, 54516.0337 million, 39573.8905 million, 34422.3253 million, 28742.2711 million, which were up 106.28%, down 7.40%, up 2.49%, up 5.78%, up 12.99% comparing with the same period of last year and account for 14.87%, 10.16%, 7.38%, 6.42%, 5.36% of SPAIN's total imports and exports.

During the current year until 202207, 87, 27, 84, 30, 85 were SPAIN's top five traded commodities, with total import and export values of 30303.1818 million, 23067.6276 million, 15992.6459 million, 14682.0967 million, 11666.2441 million. These values correspond to 12.29%, 9.36%, 6.49%, 5.95%, 4.73% of SPAIN's total exports and, respectively, were down 9.49%, up 92.77%, up 1.36%, up 29.78%, down 5.28% comparing to the same period of last year.

During the current year until 202207, 27, 87, 84, 85, 30 were SPAIN's top five traded commodities, with total import values of 56731.8613 million, 24212.8518 million, 23581.2446 million, 22756.0812 million, 14060.1744 million. These values correspond to 19.57%, 8.35%, 8.13%, 7.85%, 4.85% of SPAIN's total exports and, respectively, were up 112.32%, down 4.64%, up 3.27%, up 12.51%, down 0.45% comparing to the same period of last year.


2. Current year until 202207, SPAIN binational trade profile

According to Dalian Infobank, during the current year until 202207, SPAIN-China binational exports and imports of goods amounted to 30273.1568 million and were up 20.80% comparing with the same period of last year. Among these, exports from SPAIN to China were 4852.4779 million and down 23.30%, imports from China to SPAIN were 25420.6789 million and up 35.70%. The total binational trade deficit was 20568.2010 million and up 65.78%.

During the urrent year until 202207, 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 6406.4113 million, 3391.3507 million, 1513.5021 million, 1286.8498 million, 1255.6081 million and makes up 21.16%, 11.20%, 5.00%, 4.25%, 4.15% of the total binational imports and exports. These values were also up 40.93%, up 11.34%, up 45.57%, up 18.94%, up 27.06% comparing to the same period last year.

During the current year until 202207, 02, 26, 30, 39, 84 were the top five traded commodities exported to China from SPAIN, with export values of 836.1705 million, 815.5071 million, 435.0741 million, 364.5576 million, 317.5127 million. These values account for 17.23%, 16.81%, 8.97%, 7.51%, 6.54% of SPAIN's total exports and were down 66.15%, up 78.96%, up 81.75%, up 5.32%, down 6.12% comparing to the same period of last year.

During the current year until 202207, 85, 84, 29, 94, 95 were SPAIN's top five traded commodities importing from China , with import values of 6276.9905 million, 3073.8381 million, 1453.8860 million, 1268.7588 million, 986.2769 million. These values account for 24.69%, 12.09%, 5.72%, 4.99%, 3.88% of SPAIN's total imports and were up 43.44%, up 13.53%, up 47.55%, up 19.71%, up 7.52% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: Eurostat