Overview In November 2021 Spain exported €29B and imported €34B, resulting in a negative trade balance of €4.98B. Between November 2020 and November 2021 the exports of Spain have increased by €4.95B (20.6%) from €24.1B to €29B, while imports increased by €9.25B (37.4%) from €24.8B to €34B.
Trade In November 2021, the top exports of Spain were Cars (€2.51B), Refined Petroleum (€1.31B), Packaged Medicaments (€866M), Vehicle Parts (€739M), and Blood, antisera, vaccines, toxins and cultures (€686M). In November 2021 the top imports of Spain were Crude Petroleum (€2.58B), Petroleum Gas (€1.46B), Cars (€1.19B), Vehicle Parts (€1.16B), and Blood, antisera, vaccines, toxins and cultures (€1.09B).
Origins In November 2021 the exports of Spain were mainly from Barcelona (€5.7B), Madrid (€3.74B), Valencia (€1.54B), Pontevedra (€1.12B), and La Coruña (€1.1B), while imports destinations were mainly Madrid (€8.4B), Barcelona (€6.79B), Valencia (€1.8B), Tarragona (€1.5B), and Vizcaya (€1.17B).
Destinations In November 2021, Spain exported mostly to France (€4.34B), Germany (€3.12B), Portugal (€2.38B), Italy (€2.35B), and United Kingdom (€1.76B), and imported mostly from China (€3.73B), Germany (€3.58B), France (€3.28B), Italy (€2.11B), and United States (€1.96B).
Growth In November 2021, the increase in Spain's year-by-year exports was explained primarily by an increase in exports to France (€320M or 9.24%), Netherlands (€160M or 21.3%), and World (€91.9M or 44.4%), and product exports increase in Refined Petroleum (€414M or 50.1%), Pig Meat (€173M or 57.6%), and Packaged Medicaments (€151M or 24.5%). In November 2021, the increase in Spain's year-by-year imports was explained primarily by an increase in imports from United States (€376M or 29.7%), Netherlands (€155M or 15.3%), and Portugal (€94.1M or 9.91%), and product imports increase in Planes, Helicopters, and/or Spacecraft (€90.5M or 72.5%), Nitrogen Heterocyclic Compounds (€87.1M or 38%), and Refined Petroleum (€85M or 12.7%).