Overview: In May 2020 Spain exported €17.7B and imported €17.6B, resulting in a positive trade balance of €26.8M. Between May 2019 and May 2020 the exports of Spain have decreased by €-9.99B (-36.1%) from €27.6B to €17.7B, while imports decreased by €-12.5B (-41.5%) from €30.1B to €17.6B.
Trade: In May 2020 the top exports of Spain were Cars (€1.28B), Commodities not elsewhere specified (€1.14B), Packaged Medicaments (€786M), Refined Petroleum (€533M), and Pig Meat (€404M). In May 2020 the top imports of Spain were Packaged Medicaments (€876M), Commodities not elsewhere specified (€701M), Crude Petroleum (€604M), Other Cloth Articles (€546M), and Vehicle Parts (€486M).
Origins: In May 2020 the exports of Spain were mainly from Barcelona (€3.15B), Madrid (€1.89B), Valencia (€1.17B), Sin provincia asignada (€936M), and Murcia (€799M), while imports destinations were mainly Madrid (€4.27B), Barcelona (€3.81B), Valencia (€1.13B), Sin provincia asignada (€753M), and Tarragona (€627M).
Destinations: In May 2020 Spain exported mostly to France (€2.6B), Germany (€1.96B), Italy (€1.29B), Portugal (€1.28B), and World (€1.05B), and imported mostly from China (€2.62B), Germany (€1.96B), France (€1.46B), Italy (€1.12B), and World (€996M).
Growth: In May 2020, the decrease in Spain's year-by-year exports was explained primarily by a decrease in exports to France (€-1.25B or -32.5%), Germany (€-1.15B or -36.9%), and Italy (€-904M or -41.2%), and product exports decrease in Cars (€-1.71B or -57.2%), Refined Petroleum (€-806M or -60.2%), and Vehicle Parts (€-580M or -65.6%). In May 2020, the decrease in Spain's year-by-year imports was explained primarily by a decrease in imports from Germany (€-1.66B or -45.8%), France (€-1.48B or -50.3%), and Italy (€-842M or -43%), and product imports decrease in Crude Petroleum (€-2.24B or -78.7%), Cars (€-1.37B or -77.6%), and Vehicle Parts (€-901M or -65%).