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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: -€6.85B
Consensus: -€7B
Actual: -€3.31B
Next Release
Date: Feb 16, 09:00
Time left: 9 days
Consensus: -€7.8B

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
1.0561
-152 pips
1.0828
-115 pips
1.07126
Symbol Action Percentage Volume Positions
EURUSD Short 23% 5371.59 lots 19563
Long 77% 18432.73 lots 49259
33% of traders are currently trading EURUSD.
EURAUD
1.5368
-86 pips
1.5639
-185 pips
1.54535
Symbol Action Percentage Volume Positions
EURAUD Short 45% 503.45 lots 1959
Long 55% 611.52 lots 2511
3% of traders are currently trading EURAUD.
EURJPY
136.8947
-440 pips
141.9887
-70 pips
141.29
Symbol Action Percentage Volume Positions
EURJPY Short 63% 1356.96 lots 4297
Long 37% 799.85 lots 3247
5% of traders are currently trading EURJPY.
EURCAD
1.4058
-320 pips
1.4492
-114 pips
1.43775
Symbol Action Percentage Volume Positions
EURCAD Short 50% 559.74 lots 2150
Long 50% 571.01 lots 2360
3% of traders are currently trading EURCAD.
EURCHF
0.9916
-24 pips
1.0093
-153 pips
0.99401
Symbol Action Percentage Volume Positions
EURCHF Short 30% 290.51 lots 1421
Long 70% 689.01 lots 4281
4% of traders are currently trading EURCHF.
EURCZK
23.7276
-1084 pips
23.8194
+166 pips
23.83602
Symbol Action Percentage Volume Positions
EURCZK Short 50% 0.02 lots 1
Long 50% 0.02 lots 1
0% of traders are currently trading EURCZK.
EURGBP
0.8829
-89 pips
0.8934
-16 pips
0.8918
Symbol Action Percentage Volume Positions
EURGBP Short 79% 2226.70 lots 8086
Long 21% 592.40 lots 3157
7% of traders are currently trading EURGBP.
EURHUF
391.3364
-246 pips
411.9305
-1813 pips
393.799
Symbol Action Percentage Volume Positions
EURHUF Short 70% 5.03 lots 77
Long 30% 2.13 lots 20
0% of traders are currently trading EURHUF.
EURNOK
10.6629
-4004 pips
10.8628
+2005 pips
11.06331
Symbol Action Percentage Volume Positions
EURNOK Short 98% 4.48 lots 31
Long 2% 0.07 lots 3
0% of traders are currently trading EURNOK.
EURNZD
1.6835
-122 pips
1.7056
-99 pips
1.69569
Symbol Action Percentage Volume Positions
EURNZD Short 46% 163.89 lots 1019
Long 54% 189.85 lots 936
1% of traders are currently trading EURNZD.