Spain | Exports of goods and tourism services

Summary

Exports of goods overcame the weak start of the year and remained sustained, surpassing pre-pandemic levels in May. A progressive recovery in the tourism sector is expected, as foreign tourism is partially offset by national.

Key points

• Key points:
• Spanish exports of goods recovered mainly due to the improvement in sanitary conditions and world demand.
• Exports of goods remained sustained in the first five months of 2021, despite the bottlenecks in the global economy and brexit.
• By destination, exports to China and the US strengthened, mostly in the food sector.
• Tourism appears to be bottoming out, and a progressively recovery is expected.
• Travel restrictions to visit Spain and, in particular, for British tourists, negatively affect certain regions (Balearic Islands, Canary Islands, Valencian Community and Catalonia) although vaccination could help reduce the negative impact.

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