Overview: In July 2020 Spain exported €23.8B and imported €24B, resulting in a negative trade balance of €152M. Between July 2019 and July 2020 the exports of Spain have decreased by €-2.76B (-10.4%) from €26.6B to €23.8B, while imports decreased by €-5.29B (-18.1%) from €29.3B to €24B.
Trade: In July 2020 the top exports of Spain were Cars (€2.91B), Commodities not elsewhere specified (€1.22B), Packaged Medicaments (€1.01B), Vehicle Parts (€590M), and Refined Petroleum (€575M). In July 2020 the top imports of Spain were Crude Petroleum (€1.34B), Vehicle Parts (€1.24B), Commodities not elsewhere specified (€793M), Packaged Medicaments (€775M), and Cars (€737M).
Origins: In July 2020 the exports of Spain were mainly from Barcelona (€4.63B), Madrid (€2.88B), Valencia (€1.44B), Zaragoza (€1.12B), and Pontevedra (€1.09B), while imports destinations were mainly Madrid (€5.28B), Barcelona (€5.21B), Valencia (€1.41B), Pontevedra (€906M), and Zaragoza (€886M).
Destinations: In July 2020 Spain exported mostly to France (€3.87B), Germany (€2.76B), Italy (€1.75B), Portugal (€1.75B), and United Kingdom (€1.35B), and imported mostly from Germany (€2.81B), China (€2.7B), France (€2.4B), Italy (€1.57B), and United States (€1.1B).
Growth: In July 2020, the decrease in Spain's year-by-year exports was explained primarily by a decrease in exports to United Kingdom (€-391M or -22.5%), World (€-351M or -24.2%), and Italy (€-272M or -13.4%), and product exports decrease in Refined Petroleum (€-656M or -53.3%), Vehicle Parts (€-166M or -21.9%), and Delivery Trucks (€-153M or -27.6%). In July 2020, the decrease in Spain's year-by-year imports was explained primarily by a decrease in imports from Germany (€-705M or -20.1%), Italy (€-437M or -21.7%), and France (€-408M or -14.5%), and product imports decrease in Cars (€-794M or -51.8%), Crude Petroleum (€-782M or -36.8%), and Refined Petroleum (€-396M or -57.3%).