23.10.202508:41:06UTC+00Spain Trade Gap Widest in 7 Months

In August 2025, Spain recorded a trade deficit of €5.98 billion, marking its largest deficit since January and an increase from the €4.76 billion deficit of the previous year in the same month. Exports saw a 9.3% year-over-year decline, hitting a four-year low at €24.4 billion. This drop was primarily driven by substantial decreases in exports of energy products (-29.3%), automotive products (-21.8%), non-chemical semi-manufactures (-14.7%), and raw materials (-15.3%). Exports to major partners including the EU (-11.3%), the US (-30.5%), and China (-19.9%) saw declines, while exports to the UK experienced a rise of 4.5%. Concurrently, imports decreased by 4% to a four-year low of €30.3 billion, influenced by reduced purchases of energy products (-16.5%), chemical products (-11.2%), non-chemical semi-manufactures (-10.3%), and consumer goods (-11.2%). While imports from the EU (-0.7%), the US (-15.2%), and China (-3.8%) fell, there was a 1.6% increase in imports from the UK.