Overview In July 2023 Spain exported €29.8B and imported €35B, resulting in a negative trade balance of €5.11B. Between July 2022 and July 2023 the exports of Spain have decreased by €-3.58B (-10.7%) from €33.4B to €29.8B, while imports decreased by €-4.57B (-11.6%) from €39.5B to €35B.
Trade In July 2023, the top exports of Spain were Cars (€2.92B), Commodities not elsewhere specified (€1.25B), Refined Petroleum (€1.24B), Packaged Medicaments (€1.1B), and Motor vehicles; parts and accessories (8701... (€812M). In July 2023 the top imports of Spain were Crude Petroleum (€2.9B), Cars (€1.93B), Motor vehicles; parts and accessories (8701... (€1.18B), Packaged Medicaments (€1.17B), and Petroleum Gas (€878M).
Origins In July 2023 the exports of Spain were mainly from Barcelona (€6.35B), Madrid (€3.68B), Valencia (€1.63B), Pontevedra (€1.18B), and Zaragoza (€1.17B), while imports destinations were mainly Madrid (€8.05B), Barcelona (€7.24B), Valencia (€2.01B), Vizcaya (€1.38B), and Tarragona (€1.38B).
Destinations In July 2023, Spain exported mostly to France (€4.42B), Germany (€2.93B), Italy (€2.66B), Portugal (€2.6B), and United Kingdom (€1.77B), and imported mostly from China (€3.95B), Germany (€3.82B), France (€3.14B), United States (€2.33B), and Italy (€2.3B).
Growth In July 2023, the decrease in Spain's year-by-year exports was explained primarily by an decrease in exports to Netherlands (€-898M or -50.5%), France (€-893M or -16.8%), and World (€-617M or -27.8%), and product exports decrease in Refined Petroleum (€-1.31B or -51.5%), Planes, Helicopters, and/or Spacecraft (€-904M or -99.2%), and Commodities not elsewhere specified (€-642M or -33.9%). In July 2023, the decrease in Spain's year-by-year imports was explained primarily by an decrease in imports from Brazil (€-1.01B or -71.1%), United States (€-787M or -25.2%), and Russia (€-473M or -60.4%), and product imports decrease in Crude Petroleum (€-2.08B or -41.7%), Petroleum Gas (€-1.13B or -56.2%), and Refined Petroleum (€-473M or -36.1%).