Business…
at a glance
February 2024
39.7
32.3
31.1
30.4
22.9
20
17.6
16.4
China
Spain
Japan
Italy
US
France
Germany
UK
Foreign trade Spain (M. Industry, Trade and Tourism, and Eurostat)
2023
Exports
€ 383,689 M
y-o-y
-1.4%
Imports
€ 424,249 M
y-o-y
-7.2%
Billion €
Trade deficit
€ 40,560 M
-40.5%
y-o-y
% change compared to 2019
% of total exports
Export sectors
Evolution of exports by country
Regular exporters*
* Exporting for 4
consecutive years
Regular
exporters *
43,918 companies
+1.7%
y-o-y
No.
34,526
43,918
32000
34000
36000
38000
40000
42000
44000
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
+27.2%
Industry turnover (INE)
-8.7%
y-o-y
Original series
-4.4%
y-o-y
Corrected series
Dec. 23
Average2023*
-1.6%
y-o-y
* Only original series data for regions analysis available
Total industry; % change
By type of goods; % change
% y-o-y change
By regions*
Asturias, Cantabria, Navarre, Valencian C. and
Aragon, the regions where industry turnover fell
the most (>15%)
240
280
320
360
400
440
480
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
Deficit
Exports
Imports
-0.9
-4.4
-10
0
10
20
30
Feb-22
Apr-22
Jun-22
Aug-22
Oct-22
Dec-22
Feb-23
Apr-23
Jun-23
Aug-23
Oct-23
Dec-23
Monthly Y-o-y
Business… at a glance. a publication of the “Círculo de Empresarios” produced by its Department of Economy. contains information and opinion from reliable sources. However. the “Círculo de
Empresarios” does not guarantee its accuracy and does not take responsibility for any errors or omissions. This document is merely informative. As a result. the “Círculo de Empresarios” is not responsible
for any uses that may be made of the publication. The opinions and estimates of the Department can be modified without prior warning.
EU trade with third countries (Eurostat)
2023*
Exports
y-o-y
-0.7%
Imports
y-o-y
-16.4%
Value bn € extra – EU trade
€ 2,553.6 bn
€ 2,512.8 bn
Trace balance in bn €
* Original series
Construction production Eurozone (Eurostat)
+0.8%
monthly
+1.9%
y-o-y
Dec. 23 % change Comparison in the Eurozone*
% y-o-y change
Average 2023
+0.2%
y-o-y
* Countries with available data
US producer prices (Bureau of Labor Statistics)
+0.3%
monthly
Corrected series
+0.9%
y-o-y
Original series
Jan. 24 % y-o-y change % y-o-y change
1.500
1.700
1.900
2.100
2.300
2.500
2.700
2.900
3.100
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
Balance
Imports
Exports
191.1 215.3
54.5
-434.6
40.8
-700
-600
-500
-400
-300
-200
-100
0
100
200
300
400
500
2019 2020 2021 2022 2023
Food and beverage Raw materials
Energy Manufactures
Other Total
0.9
-1.7
2.2
-5
0
5
10
15
20
Jan-21
Apr-21
Jul-21
Oct-21
Jan-22
Apr-22
Jul-22
Oct-22
Jan-23
Apr-23
Jul-23
Oct-23
Jan-24
Total
Goods
Services
G
o
o
d
s
S
e
r
v
i
c
e
s
Jan-21 – Jan-24
-3
-1
1
3
5
7
9
11
Dec-21
Feb-22
Apr-22
Jun-22
Aug-22
Oct-22
Dec-22
Feb-23
Apr-23
Jun-23
Aug-23
Oct-23
Dec-23
% monthly change
% y-o-y change

Business... at a glance February 2024 Círculo de Empresarios

  • 1.
    Business… at a glance February2024 39.7 32.3 31.1 30.4 22.9 20 17.6 16.4 China Spain Japan Italy US France Germany UK Foreign trade Spain (M. Industry, Trade and Tourism, and Eurostat) 2023 Exports € 383,689 M y-o-y -1.4% Imports € 424,249 M y-o-y -7.2% Billion € Trade deficit € 40,560 M -40.5% y-o-y % change compared to 2019 % of total exports Export sectors Evolution of exports by country Regular exporters* * Exporting for 4 consecutive years Regular exporters * 43,918 companies +1.7% y-o-y No. 34,526 43,918 32000 34000 36000 38000 40000 42000 44000 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 +27.2% Industry turnover (INE) -8.7% y-o-y Original series -4.4% y-o-y Corrected series Dec. 23 Average2023* -1.6% y-o-y * Only original series data for regions analysis available Total industry; % change By type of goods; % change % y-o-y change By regions* Asturias, Cantabria, Navarre, Valencian C. and Aragon, the regions where industry turnover fell the most (>15%) 240 280 320 360 400 440 480 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Deficit Exports Imports -0.9 -4.4 -10 0 10 20 30 Feb-22 Apr-22 Jun-22 Aug-22 Oct-22 Dec-22 Feb-23 Apr-23 Jun-23 Aug-23 Oct-23 Dec-23 Monthly Y-o-y
  • 2.
    Business… at aglance. a publication of the “Círculo de Empresarios” produced by its Department of Economy. contains information and opinion from reliable sources. However. the “Círculo de Empresarios” does not guarantee its accuracy and does not take responsibility for any errors or omissions. This document is merely informative. As a result. the “Círculo de Empresarios” is not responsible for any uses that may be made of the publication. The opinions and estimates of the Department can be modified without prior warning. EU trade with third countries (Eurostat) 2023* Exports y-o-y -0.7% Imports y-o-y -16.4% Value bn € extra – EU trade € 2,553.6 bn € 2,512.8 bn Trace balance in bn € * Original series Construction production Eurozone (Eurostat) +0.8% monthly +1.9% y-o-y Dec. 23 % change Comparison in the Eurozone* % y-o-y change Average 2023 +0.2% y-o-y * Countries with available data US producer prices (Bureau of Labor Statistics) +0.3% monthly Corrected series +0.9% y-o-y Original series Jan. 24 % y-o-y change % y-o-y change 1.500 1.700 1.900 2.100 2.300 2.500 2.700 2.900 3.100 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Balance Imports Exports 191.1 215.3 54.5 -434.6 40.8 -700 -600 -500 -400 -300 -200 -100 0 100 200 300 400 500 2019 2020 2021 2022 2023 Food and beverage Raw materials Energy Manufactures Other Total 0.9 -1.7 2.2 -5 0 5 10 15 20 Jan-21 Apr-21 Jul-21 Oct-21 Jan-22 Apr-22 Jul-22 Oct-22 Jan-23 Apr-23 Jul-23 Oct-23 Jan-24 Total Goods Services G o o d s S e r v i c e s Jan-21 – Jan-24 -3 -1 1 3 5 7 9 11 Dec-21 Feb-22 Apr-22 Jun-22 Aug-22 Oct-22 Dec-22 Feb-23 Apr-23 Jun-23 Aug-23 Oct-23 Dec-23 % monthly change % y-o-y change