Espagne Balance Commerciale

Spain posted a trade deficit of €5.98 billion in August 2025, the largest since January, up from €4.76 billion in the same month of the previous year. Exports slipped by 9.3% yoy to an over four-year low of €24.4 billion, mainly dragged down by reduced shipments of energy products (-29.3%); automotive products (-21.8%); non-chemical semi-manufactures (-14.7%) and raw materials (-15.3%). Among key partners, exports declined to the EU (-11.3%), the US (-30.5%) and China (-19.9%), but rose to the UK (+4.5%). Meanwhile, imports fell 4% to an over four-year low of €30.3 billion, amid lower purchases of energy products (-16.5%); chemical products (-11.2%); non-chemical semi-manufactures (-10.3%) and consumer goods (-11.2%). Imports decreased from the EU (-0.7%), the US (-15.2%) and China (-3.8%), but increased from the UK (+1.6%).