Due to the great volume of fuel imported into Spain as well as the high added value of its manufactured goods, Spain is running systemic trade deficits. The country's trade deficit increased by 31.9% from the year before to EUR 25 billion in 2017, primarily as a result of an increase in domestic demand and an increase in the price of energy. Spain's autonomous communities' largest exporters were Catalonia (26% of overall exports), Andalusia (11%), Madrid (11%), Valencia (11%), and the Basque Country (9%); while the largest importers were Catalonia (28% of overall imports), Madrid (20%), Andalusia (10%), and Valencia (9%). In 2017, the trade surplus with the EU grew to EUR 16 billion, up from EUR 13 billion in 2016, as a result of increases in both surpluses with the Eurozone (EUR 9 billion in 2017 compared to EUR 7 billion in 2016) and with non-euro area nations of the EU (EUR 7 billion in 2017 vs EUR 6 billion in 2016). With the increase in the trade deficit with non-EU countries, the EU's trade deficit with non-EU countries increased to EUR 41 billion from EUR 32 billion the previous year, with the deficit with Asia rising to EUR 35 billion from EUR 29 billion and the deficit with Africa rising to EUR 6 billion from EUR 4 billion. The difference from Latin America increased to EUR 2 billion in 2017 from EUR 60 million the previous year, while the difference with North America remained the same at EUR 1 billion.

A higher than expected figure should be seen as positive (bullish) for the EUR while a lower than expected figure should be seen as negative (bearish) for the EUR.

Category:  Balance of Trade
Units:  Billion
Details
Impact: Medium
Country:
Currency: EUR
Latest Release
Previous: -€5.48B
Consensus: -€5.2B
Actual: -€3.88B
Next Release
Date: Jul 18, 08:00
Time left: 8 days
Consensus: -€3.1B

Forex Sentiment (EUR)

Symbol Community Trend (Shorts vs Longs) Symbol Popularity Avg. Short Price /
Distance From Price
Avg. Long Price /
Distance From Price
Current Price
EURUSD
1.1233
-484 pips
1.1607
+110 pips
1.17165
Symbol Action Percentage Volume Positions
EURUSD Short 70% 10812.41 lots 37280
Long 30% 4678.10 lots 19369
28% of traders are currently trading EURUSD.
EURAUD
1.7241
-677 pips
1.7970
-52 pips
1.79180
Symbol Action Percentage Volume Positions
EURAUD Short 82% 1409.15 lots 4859
Long 18% 306.81 lots 1454
4% of traders are currently trading EURAUD.
EURJPY
166.2282
-518 pips
170.6820
+73 pips
171.410
Symbol Action Percentage Volume Positions
EURJPY Short 85% 2266.37 lots 6692
Long 15% 392.82 lots 1761
6% of traders are currently trading EURJPY.
EURCAD
1.5662
-384 pips
1.5982
+64 pips
1.60460
Symbol Action Percentage Volume Positions
EURCAD Short 86% 692.79 lots 4622
Long 14% 113.91 lots 909
5% of traders are currently trading EURCAD.
EURCHF
0.9358
+47 pips
0.9434
-123 pips
0.93114
Symbol Action Percentage Volume Positions
EURCHF Short 13% 159.43 lots 1046
Long 87% 1023.05 lots 6424
5% of traders are currently trading EURCHF.
EURCZK
24.6901
+538 pips
0
+246363 pips
24.63630
Symbol Action Percentage Volume Positions
EURCZK Short 100% 0.33 lots 1
Long 0% 0.00 lots 0
0% of traders are currently trading EURCZK.
EURGBP
0.8538
-85 pips
0.8615
+8 pips
0.86230
Symbol Action Percentage Volume Positions
EURGBP Short 89% 3321.64 lots 14638
Long 11% 430.68 lots 2782
10% of traders are currently trading EURGBP.
EURHUF
397.8895
-177 pips
405.3240
-567 pips
399.66
Symbol Action Percentage Volume Positions
EURHUF Short 51% 8.79 lots 44
Long 49% 8.49 lots 43
0% of traders are currently trading EURHUF.
EURNOK
11.5192
-3073 pips
11.8378
-113 pips
11.8265
Symbol Action Percentage Volume Positions
EURNOK Short 76% 0.74 lots 15
Long 24% 0.23 lots 4
0% of traders are currently trading EURNOK.
EURNZD
1.8905
-609 pips
1.9479
+35 pips
1.95142
Symbol Action Percentage Volume Positions
EURNZD Short 88% 498.76 lots 2917
Long 12% 66.93 lots 426
3% of traders are currently trading EURNZD.