Overview: In August 2020 Spain exported €17.8B and imported €19.5B, resulting in a negative trade balance of €1.66B. Between August 2019 and August 2020 the exports of Spain have decreased by €-1.76B (-8.99%) from €19.6B to €17.8B, while imports decreased by €-3.97B (-16.9%) from €23.5B to €19.5B.
Trade: In August 2020, the top exports of Spain were Cars (€1.21B), Commodities not elsewhere specified (€985M), Refined Petroleum (€600M), Packaged Medicaments (€547M), and Vehicle Parts (€539M). In August 2020 the top imports of Spain were Crude Petroleum (€1.43B), Vehicle Parts (€715M), Commodities not elsewhere specified (€674M), Packaged Medicaments (€645M), and Cars (€573M).
Origins: In August 2020 the exports of Spain were mainly from Barcelona (€3.21B), Madrid (€2.09B), Valencia (€916M), Sin provincia asignada (€883M), and Zaragoza (€756M), while imports destinations were mainly Madrid (€4.42B), Barcelona (€3.84B), Valencia (€1.02B), Tarragona (€878M), and Sin provincia asignada (€716M).
Destinations: In August 2020, Spain exported mostly to France (€2.53B), Germany (€1.72B), Portugal (€1.41B), Italy (€1.19B), and United Kingdom (€1.07B), and imported mostly from China (€2.34B), Germany (€2.09B), France (€1.74B), Italy (€1.1B), and Netherlands (€871M).
Growth: In August 2020, the decrease in Spain's year-by-year exports was explained primarily by an decrease in exports to World (€-289M or -23.3%), United States (€-259M or -26.1%), and United Kingdom (€-174M or -14%), and product exports decrease in Refined Petroleum (€-497M or -45.3%), Commodities not elsewhere specified (€-202M or -17%), and Broadcasting Accessories (€-155M or -94%). In August 2020, the decrease in Spain's year-by-year imports was explained primarily by an decrease in imports from Germany (€-517M or -19.8%), United States (€-280M or -26.6%), and France (€-264M or -13.2%), and product imports decrease in Crude Petroleum (€-832M or -36.8%), Cars (€-520M or -47.6%), and Petroleum Gas (€-260M or -47.2%).