Espagne Balance Commerciale

Spain's trade deficit surged to €6.19 billion in January 2025, up from €3.73 billion a year earlier, marking the widest gap since October 2022. However, the country maintained a €2.74 billion surplus with the EU, continuing an unbroken streak since January 2017. Exports were down 1.2% year-on-year to €29.78 billion, driven by sharp contractions in the automotive sector (-21.2%), energy products (-15.0%), and capital goods (-5.7%). Among key trade partners, exports fell to France (-14.1%), Italy (-2.5%), Germany (-0.6%), Morocco (-1.3%), and Mexico (-20.1%). Meanwhile, imports climbed 6.2% to €35.97 billion, fueled by increased purchases of chemical products (16.6%), consumer goods (21.6%), and food, beverages, and tobacco (7.5%). Notably, imports rose from China (22.5%), Turkey (17.7%), the UK (9.5%), the US (24.9%), Morocco (6.9%), Brazil (13.1%), and Mexico (12.1%).