Espagne Balance Commerciale

Spain recorded a trade deficit of EUR 3.9 billion in October of 2024, narrowing from EUR 5.1 billion in the corresponding period of the previous year, amid evidence of greater foreign demand for Spanish goods. Exports rose by 9.3% from the previous year to EUR 35.3 billion, with sharp sales growth for chemical products (14.7%), capital goods (8.1%), food, beverages, and tobacco (15.2%), and consumer goods (12.9%). In the meantime, imports rose by a softer 4.8% annually to 39.2 billion, as increases for auto parts (12.5%) and capital goods (6.5%) offset a sharp drop in energy goods (-18.3%), largely due to lower prices for fossil fuels and power imported by Spain.