Spain balance of trade


Spain balance of trade: -2348680 (-49.55%)
Last Update: May 31, 2024

Spain balance of trade closed down -2348680 as of May 31, 2024 from -4655801 from the previous month and -3111440 from last year.


Spain balance of trade Analytics & Data




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Spain balance of trade

DateValues
2024-05-31 -2348680
2024-04-30 -4655801
2024-03-31 -2026245
2024-02-29 -2350067
2024-01-31 -3728764
2023-12-31 -3401867
2023-11-30 -2425924
2023-10-31 -5135931
2023-09-30 -3838354
2023-08-31 -4435085
2023-07-31 -4902585
2023-06-30 -2355240
2023-05-31 -3111440
2023-04-30 -4375398
2023-03-31 -157720
2023-02-28 -2464829
2023-01-31 -3955772
2022-12-31 -4509295
2022-11-30 -3313416
2022-10-31 -6852455
2022-09-30 -6975995
2022-08-31 -7937206
2022-07-31 -6560648
2022-06-30 -5393569

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Spain balance of trade Statistics


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlopePercentileUpdate
balance of tradees.balanceoftrade-2348680.0-4655800-50-0UPUP652024-06-30

Spain balance of trade Factors

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Spain balance of trade Historical Data

The MacroVar database offers free access to historical data for the Spain balance of trade, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Spain balance of trade data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Spain balance of trade

Spain's balance of trade refers to the difference between the value of exports and imports of goods and services in a given period. A positive balance of trade occurs when a country exports more than it imports, leading to a surplus in trade. Conversely, a negative balance of trade occurs when a country imports more than it exports, resulting in a deficit. Spain has historically run a trade deficit, as it relies heavily on imports of energy, machinery, and vehicles while exporting products such as food, chemicals, and machinery. This imbalance can have economic implications, affecting the country's currency value, economic growth, and employment levels. Efforts to improve the balance of trade may involve increasing exports, reducing imports, or implementing trade policies to address the deficit.