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Spain Net Trade (Goods & Services, BoP)

Spain's net trade (goods & services, bop) rose to $73.86 billion in 2024, up from $63.7 billion in 2023, according to World Bank. This represents an increase of 15.9% ($10.15 billion) from the previous year. Spain has the 9th highest net trade (goods & services, bop). Within Europe, it ranks 6th out of 44 countries.

Yearly Historical Data (1975-2024)

(in Billion USD)
Year Net Trade (Goods & Services, BoP) (Billion USD)
2024 73.86
2023 63.7
2022 12.15
2021 14.53
2020 19.65
2019 41.81
2018 39.1
2017 48.38
2016 49.53
2015 36.34
2014 41.99
2013 52.14
2012 26.98
2011 4.55
2010 -14.96
2009 -13.09
2008 -77.55
2007 -85.47
2006 -71.69
2005 -55.41
2004 -39.84
2003 -20.11
2002 -14.08
2001 -14.35
2000 -17.73
1999 -12.25
1998 -1.81
1997 3.83
1996 2.88
1995 -1.09
1994 0.1
1993 -3.45
1992 -17.81
1991 -18.43
1990 -17.28
1989 -12.77
1988 -4.98
1987 -0.29
1986 4.66
1985 3.41
1984 3.18
1983 -1.58
1982 -3.67
1981 -4.5
1980 -5.86
1979 0.32
1978 0.95
1977 -2.88
1976 -4.99
1975 -4.49
Spain Net Trade (Goods & Services, BoP) : Definition
Net Trade (Goods & Services, BoP) measures the difference between exports and imports of goods and services in Spain, recorded on a Balance of Payments basis and measured in current US dollars. A positive value indicates a trade surplus, while a negative value indicates a trade deficit.
Indicator Last Value Prior Value Period
Annual Exports $403.7B $420.17B 2024
Annual Imports $451.3B $469.04B 2024
Balance of Trade -€6B -€4B Aug'25
Exports €24.4B €34.4B Aug'25
Exports (% GDP) 37.29% 38.06% 2024
FDI Inflows (% GDP) 1.89% 2.65% 2024
Imports €30.3B €38.4B Aug'25
Imports (% GDP) 33.01% 34.13% 2024
Tariff Rate 1.95% 2.24% 2022
Trade (% GDP) 70.31% 72.19% 2024