Overview: In March 2020 Spain exported €22.9B and imported €25.3B, resulting in a negative trade balance of €2.47B. Between March 2019 and March 2020 the exports of Spain have decreased by €-4.67B (-17%) from €27.5B to €22.9B, while imports decreased by €-5.16B (-16.9%) from €30.5B to €25.3B.
Trade: In March 2020 the top exports of Spain were Commodities not elsewhere specified (€1.91B), Cars (€1.83B), Packaged Medicaments (€796M), Refined Petroleum (€596M), and Vehicle Parts (€568M). In March 2020 the top imports of Spain were Commodities not elsewhere specified (€1.87B), Crude Petroleum (€1.77B), Cars (€1.25B), Vehicle Parts (€1.03B), and Packaged Medicaments (€898M).
Origins: In March 2020 the exports of Spain were mainly from Barcelona (€4.32B), Madrid (€2.25B), Sin provincia asignada (€1.55B), Valencia (€1.51B), and Zaragoza (€873M), while imports destinations were mainly Madrid (€5.21B), Barcelona (€5.18B), Sin provincia asignada (€1.98B), Valencia (€1.34B), and Tarragona (€877M).
Destinations: In March 2020 Spain exported mostly to France (€2.96B), Germany (€2.34B), World (€1.86B), Italy (€1.57B), and Portugal (€1.55B), and imported mostly from Germany (€2.98B), France (€2.54B), World (€2.14B), China (€1.54B), and United States (€1.45B).
Growth: In March 2020, the decrease in Spain's year-by-year exports was explained primarily by a decrease in exports to France (€-885M or -23%), Italy (€-611M or -28.1%), and Germany (€-607M or -20.6%), and product exports decrease in Cars (€-1.05B or -36.6%), Refined Petroleum (€-709M or -54.3%), and Planes, Helicopters, and/or Spacecraft (€-317M or -99.9%). In March 2020, the decrease in Spain's year-by-year imports was explained primarily by a decrease in imports from Germany (€-669M or -18.4%), World (€-582M or -21.4%), and France (€-502M or -16.5%), and product imports decrease in Cars (€-616M or -33%), Crude Petroleum (€-608M or -25.6%), and Refined Petroleum (€-452M or -58.8%).