Overview In March 2022 Spain exported €29.2B and imported €35.4B, resulting in a negative trade balance of €6.11B. Between March 2021 and March 2022 the exports of Spain have increased by €585M (2.04%) from €28.7B to €29.2B, while imports increased by €6.1B (20.9%) from €29.2B to €35.4B.
Trade In March 2022, the top exports of Spain were Cars (€2.41B), Refined Petroleum (€2.1B), Packaged Medicaments (€1.03B), Motor vehicles; parts and accessories (8701... (€785M), and Electricity (€707M). In March 2022 the top imports of Spain were Crude Petroleum (€3.58B), Petroleum Gas (€2.15B), Cars (€1.28B), Packaged Medicaments (€1.14B), and Motor vehicles; parts and accessories (8701... (€1.12B).
Origins In March 2022 the exports of Spain were mainly from Barcelona (€5.95B), Madrid (€3.45B), Valencia (€1.72B), La Coruña (€1.22B), and Zaragoza (€1.13B), while imports destinations were mainly Madrid (€8.48B), Barcelona (€7.44B), Valencia (€1.76B), Tarragona (€1.43B), and Murcia (€1.38B).
Destinations In March 2022, Spain exported mostly to France (€4.72B), Germany (€3.13B), Portugal (€2.61B), Italy (€2.38B), and United Kingdom (€1.68B), and imported mostly from Germany (€3.65B), France (€3.48B), China (€3.02B), United States (€2.87B), and Italy (€2.38B).
Growth In March 2022, the increase in Spain's year-by-year exports was explained primarily by an increase in exports to China (€136M or 25.9%), Sweden (€67.7M or 33.7%), and Democratic Republic of the Congo (€54.5M or 2.47k%), and product exports increase in Electricity (€64.5M or 128%), Crude Petroleum (€58.6M or 616k%), and Electric Batteries (€55.9M or 78.5%). In March 2022, the increase in Spain's year-by-year imports was explained primarily by an increase in imports from Kazakhstan (€113M or 126%), Peru (€35.7M or 39.3%), and Sweden (€32.7M or 14.2%), and product imports increase in Computers (€125M or 44.8%), Electric Batteries (€83M or 98.6%), and Vaccines, blood, antisera, toxins and cultures (€72.5M or 23.4%).