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2026.02.1910:00:00UTC+00Spain’s Trade Deficit Narrows Slightly in December 2025

Spain’s trade balance showed a modest improvement at the end of 2025, with the deficit narrowing in December. According to data updated on 19 February 2026, the trade gap came in at -5.57 billion euros for December 2025, compared with -5.68 billion euros in November 2025.

The slight reduction in the deficit suggests a marginally better balance between exports and imports, although Spain remains in firmly negative territory on the trade front. While the data provided do not break down the movement by sector or trading partner, the month‑on‑month shift indicates that external demand or a cooling in import growth may have contributed to easing the shortfall. Investors and policymakers will be watching subsequent releases to see whether this marks the start of a more sustained trend in Spain’s external accounts or just a temporary end‑of‑year adjustment.

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