Espagne Balance Commerciale

Spain's trade deficit declined to EUR 3.2 billion in July 2024 from EUR 4.9 billion in the same month last year. Exports jumped by 9.3% yoy to EUR 33.3 billion, mainly boosted by higher shipments of food, beverages & tobacco (+14.4%); energy products (+13.1%); raw materials (+27.6%); chemical products (+12%); manufactured consumer goods (+11.2%) and non-chemical semi-manufactured goods (+9.2%). Conversely, overseas sales of automotive products fell by 0.6%. Meanwhile, imports rose by 3.2% to EUR 36.5 billion, primarily on account of food, beverages & tobacco (+13%); raw materials (+33%); non-chemical semi-manufactured goods (+11.8%); and chemical products (+9.4%). On the other hand, decreases were seen in purchases of automotive products (-13.2%); capital goods (-2%) and energy products (-3.2%).