Espagne Balance Commerciale

Spain's trade deficit widened to €5.48 billion in March 2025, from €2.03 billion in the same month last year. Imports jumped 18.3% year-on-year to a near 2-1/2-year high of €39.6 billion, mainly boosted by purchases of raw materials (+45.7%); chemical products (+26.6%), primarily pharmaceuticals (+67.1%); capital goods (+18.4%); energy products (+17.6%), notably gas (+72.4%;) and food, beverages & tobacco (+19.7%). Among key partners, imports rose from the EU (15.3%); the UK (33.9%), the US (42.4%) and China (21.6%). Meanwhile, exports rose 8.5% to €34.1 billion, driven by shipments of chemical products (+19.2%); capital goods (+7.8%); raw materials (+11.8%); food, beverages & tobacco ( +7.8%) and durable consumer goods (+15.8%). Exports rose to the UK (8.9%), the EU (6.2%), China (17.5%) and the US (8.7%). The country's trade shortfall surged about 86% from the same period a year ago to EUR 15.10 billion in Q1, with imports and exports rising 9.3% and 2.6%, respectively.