Overview In May 2021 Spain exported €2.04B and imported €1.03B from Portugal, resulting in a positive trade balance of €1.02B. Between May 2020 and May 2021 the exports of Spain have increased by €700M (52%) from €1.34B to €2.04B, while imports increased by €402M (64.4%) from €625M to €1.03B.
Trade In May 2021, the top exports of Spain to Portugal were Electricity (€83.4M), Vehicle Parts (€69.4M), Cars (€57.2M), Refined Petroleum (€55.2M), and Pure Olive Oil (€36.6M). In May 2021 the top imports of Spain from Portugal were Refined Petroleum (€54M), Vehicle Parts (€52.1M), Cars (€39.6M), Rolled Tobacco (€29.7M), and Electricity (€28M).
Origins In May 2021 the exports of Spain were mainly from Madrid (€363M), Barcelona (€314M), Pontevedra (€113M), La Coruña (€100M), and Valencia (€83.2M), while imports destinations were mainly Madrid (€172M), Barcelona (€158M), Pontevedra (€75.1M), La Coruña (€56.2M), and Valencia (€55M).
Growth In May 2021, the increase in Spain's year-by-year exports to Portugal was explained primarily by an increase in product exports in Electricity (€63M or 308%), Vehicle Parts (€35.8M or 107%), and Cars (€23.3M or 68.5%). In May 2021, the increase in Spain's year-by-year imports from Portugal was explained primarily by an increase in product imports in Refined Petroleum (€44M or 441%), Vehicle Parts (€26.8M or 105%), and Cars (€25.9M or 190%).