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Monitor Report of SPAIN trade and SPAIN-China binational trade in 202208

 1.  Overview the trade of SPAIN in goods current year until 202208

According to Dalian Infobank, in 202208, SPAIN's exports and imports of goods amounted to 66330.6908 million, and were up 16.87% comparing with the same period of last year. Among these, exports were up 12.01% at 29274.0362 million, and imports were up 21.01% at 37056.6546 million. And the corresponding trade deficit was 7782.6184 million and up 73.42%.

During the current year until 202208, SPAIN's total exports and imports of goods were 602985.8267 million and were up 17.79% comparing to the same period of last year. Among these, exports were 276007.5611 million and up 11.39%; imports were 326978.2657 million and up 23.80%. The total trade deficit was 50970.7046 million and up 211.71%.

If considering by country (region), FRANCE, GERMANY, ITALY, UNITED STATES, PORTUGAL were SPAIN's top five trading partners. During the current year until 202208, SPAIN's imports and exports to five countries/territories were 74398.2766 million, 61554.0312 million, 43727.3327 million, 36371.7325 million, 35925.4935 million. These values correspond to 12.34%, 10.21%, 7.25%, 6.03%, 5.96% of SPAIN's imports and exports, and, respectively, were up 8.42%, up 1.23%, up 8.82%, up 70.27%, up 17.70% comparing to the same period of last year.

Current year until 202208, 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 202208, SPAIN's exports to these five countries/territories were 43101.7306 million, 26500.8347 million, 23580.5191 million, 22609.7109 million, 15000.1152 million. These values correspond to 15.62%, 9.60%, 8.54%, 8.19%, 5.43% of SPAIN's exports and, respectively, were up 9.16%, up 1.02%, up 21.13%, up 7.12%, up 3.81% comparing with the same period of last year.

Current year until 202208, 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 202208, SPAIN's imports from these five countries/territories were 35053.1965 million, 31296.5460 million, 29619.7602 million, 22971.8870 million, 21117.6218 million. These values correspond to 10.72%, 9.57%, 9.06%, 7.03%, 6.46% of SPAIN's total imports and, respectively, were up 1.40%, up 7.41%, up 35.23%, up 131.94%, up 10.70% comparing with the same period of last year.

During the current year until 202208, 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 11805.1847 million, 11235.5446 million, 7425.6170 million, 4074.3944 million, 3473.5936 million, and up 14.11%, up 33.56%, down 8.06%, up 112.92%, up 153.30%. And the trade deficits were mainly from CHINA, UNITED STATES, GERMANY, NETHERLANDS, NIGERIA at 24132.7742 million, 9572.0416 million, 8552.3619 million, 7458.1388 million, 6918.1407 million, and up 63.56%, down 716.76%, up 2.61%, down 6.60%, up 87.18%.

Current year until 202208, SPAIN's trade surplus or deficit with top five countries/territories During the current year until 202208,  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 92657.1914 million, 59843.6427 million, 44219.3291 million, 39478.4782 million, 31347.2087 million, which were up 100.35%, down 5.39%, up 3.32%, up 8.57%, up 7.53% comparing with the same period of last year and account for 15.37%, 9.92%, 7.33%, 6.55%, 5.20% of SPAIN's total imports and exports.

During the current year until 202208, 87, 27, 84, 30, 85 were SPAIN's top five traded commodities, with total import and export values of 33142.9429 million, 27239.2587 million, 17848.4198 million, 15608.8418 million, 13482.6415 million. These values correspond to 12.01%, 9.87%, 6.47%, 5.66%, 4.88% of SPAIN's total exports and, respectively, were down 7.68%, up 89.80%, up 2.02%, up 19.81%, down 1.86% comparing to the same period of last year.

During the current year until 202208, 27, 87, 84, 85, 30 were SPAIN's top five traded commodities, with total import values of 65417.9327 million, 26700.6998 million, 26370.9093 million, 25995.8367 million, 15738.3669 million. These values correspond to 20.01%, 8.17%, 8.07%, 7.95%, 4.81% of SPAIN's total exports and, respectively, were up 105.10%, down 2.38%, up 4.23%, up 14.91%, down 2.39% comparing to the same period of last year.


2. Current year until 202208, SPAIN binational trade profile

According to Dalian Infobank, during the current year until 202208, SPAIN-China binational exports and imports of goods amounted to 35106.7463 million and were up 20.84% comparing with the same period of last year. Among these, exports from SPAIN to China were 5486.9861 million and down 23.25%, imports from China to SPAIN were 29619.7602 million and up 35.23%. The total binational trade deficit was 24132.7742 million and up 63.56%.

During the urrent year until 202208, commodities with hs2 code, 85, 84, 29, 39, 94, were binational trade's top five traded commodities. They correspond to import and export values of 7602.4138 million, 3887.7346 million, 1681.8423 million, 1458.6302 million, 1457.0882 million and makes up 21.66%, 11.07%, 4.79%, 4.15%, 4.15% of the total binational imports and exports. These values were also up 45.92%, up 10.83%, up 43.58%, up 26.99%, up 14.32% comparing to the same period last year.

During the current year until 202208, 02, 26, 30, 39, 84 were the top five traded commodities exported to China from SPAIN, with export values of 984.3316 million, 904.1909 million, 467.2878 million, 432.7880 million, 360.9975 million. These values account for 17.94%, 16.48%, 8.52%, 7.89%, 6.58% of SPAIN's total exports and were down 62.70%, up 47.65%, up 82.47%, up 10.60%, down 2.98% comparing to the same period of last year.

During the current year until 202208, 85, 84, 29, 94, 95 were SPAIN's top five traded commodities importing from China , with import values of 7453.5470 million, 3526.7371 million, 1617.7523 million, 1437.8214 million, 1157.7244 million. These values account for 25.16%, 11.91%, 5.46%, 4.85%, 3.91% of SPAIN's total imports and were up 48.38%, up 12.47%, up 45.95%, up 14.95%, up 2.94% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: Eurostat