Overview: In January 2021 Spain exported €21.2B and imported €22.9B, resulting in a negative trade balance of €1.69B. Between January 2020 and January 2021 the exports of Spain have decreased by €-3.21B (-13.1%) from €24.4B to €21.2B, while imports decreased by €-5.01B (-18%) from €27.9B to €22.9B.
Trade: In January 2021, the top exports of Spain were Cars (€2.1B), Commodities not elsewhere specified (€973M), Refined Petroleum (€688M), Vehicle Parts (€675M), and Pig Meat (€482M). In January 2021 the top imports of Spain were Crude Petroleum (€1.49B), Cars (€1.05B), Vehicle Parts (€837M), Commodities not elsewhere specified (€634M), and Packaged Medicaments (€597M).
Origins: In January 2021 the exports of Spain were mainly from Barcelona (€4.02B), Madrid (€2.08B), Valencia (€1.43B), Zaragoza (€1.01B), and Sin provincia asignada (€834M), while imports destinations were mainly Madrid (€5.15B), Barcelona (€4.88B), Valencia (€1.32B), Tarragona (€884M), and Zaragoza (€767M).
Destinations: In January 2021, Spain exported mostly to France (€3.39B), Germany (€2.52B), Italy (€1.69B), Portugal (€1.58B), and United Kingdom (€1.19B), and imported mostly from Germany (€2.68B), China (€2.54B), France (€2.15B), Italy (€1.46B), and Netherlands (€1.03B).
Growth: In January 2021, the decrease in Spain's year-by-year exports was explained primarily by an decrease in exports to World (€-499M or -34.1%), France (€-417M or -11%), and United Kingdom (€-391M or -24.8%), and product exports decrease in Refined Petroleum (€-554M or -44.6%), Commodities not elsewhere specified (€-416M or -30%), and Cars (€-310M or -12.9%). In January 2021, the decrease in Spain's year-by-year imports was explained primarily by an decrease in imports from United States (€-676M or -41.2%), France (€-635M or -22.8%), and United Kingdom (€-580M or -66%), and product imports decrease in Crude Petroleum (€-663M or -30.7%), Vehicle Parts (€-519M or -38.3%), and Petroleum Gas (€-413M or -50.3%).