Spain's trade gap rose to €5.7 billion in November 2025 from €5.1 billion in the same month of the previous year. Exports fell by 1.5% year-on-year to €32.2 billion, as declines in automotive products (-8.9%) and non-chemical semi-manufactured goods (-2.8%) outweighed an 8% rise in raw materials. Imports rose by 0.2% to €37.8 billion, with gains in consumer manufactured goods (9.4%) and capital goods (7.9%) outweighed by a 22.1% slump in energy products. Spain posted a €730 million trade surplus with the EU and a €6.41 billion deficit with non-EU countries in November, with the largest surpluses recorded with Portugal, the UK, and France. The deficit with the US fell by 19.3% to €0.80 billion compared to €0.99 billion in November 2024, as exports and imports declined 8% and 12.6%, respectively. Year-to-date, Spain’s exports reached €356.93 billion, up 0.6% year-on-year, while imports climbed 4.5% to €408.41 billion, driving the trade shortfall up 42.4% to €51.48 billion. source: Ministerio de Industria, Comercio y Turismo

Spain recorded a trade deficit of 5682000 EUR Thousand in November of 2025. Balance of Trade in Spain averaged -1958374.81 EUR Thousand from 1962 until 2025, reaching an all time high of 1481717.00 EUR Thousand in June of 2020 and a record low of -9834766.00 EUR Thousand in December of 2007. This page provides the latest reported value for - Spain Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on February of 2026.

Spain recorded a trade deficit of 5682000 EUR Thousand in November of 2025. Balance of Trade in Spain is expected to be -5953000.00 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Balance of Trade is projected to trend around -5571000.00 EUR Thousand in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-22 09:00 AM
Balance of Trade
Oct €-4.69B €-6B €-6.4B
2026-01-20 09:00 AM
Balance of Trade
Nov €-5.68B €-4.69B €-5.4B
2026-02-19 09:00 AM
Balance of Trade
Dec €-5.68B € -4.9B


Related Last Previous Unit Reference
Balance of Trade -5682000.00 -4690000.00 EUR Thousand Nov 2025
Capital Flows -2751.00 8069.00 EUR Million Nov 2025
Current Account 205.00 7180.00 EUR Million Nov 2025
Current Account to GDP 3.20 2.70 percent of GDP Dec 2024
Exports 32158000.00 36433400.00 EUR Thousand Nov 2025
Exports by Category
Exports by Country
External Debt 2683977.00 2645372.00 EUR Million Sep 2025
External Debt to GDP 162.00 162.00 percent of GDP Sep 2025
Foreign Direct Investment 3460.00 8001.00 EUR Million Nov 2025
Gold Reserves 281.58 281.58 Tonnes Sep 2025
Imports 37840000.00 41126200.00 EUR Thousand Nov 2025
Imports by Category
Imports by Country
Natural Gas Imports 0.00 108033.40 Terajoule Dec 2025
Remittances 3803.00 4211.00 EUR Million Sep 2025
Terms of Trade 100.20 99.70 points Dec 2025
Terrorism Index 1.26 1.67 Points Dec 2024
Tourism Revenues 6359.00 9809.00 EUR Million Nov 2025
Tourist Arrivals YoY 5286.40 5786.80 Thousand Dec 2025
Weapons Sales 639.00 921.00 SIPRI TIV Million Dec 2024


Spain Balance of Trade
Spain runs systemic trade deficits due to high imports of fuel and high added value goods. Spain’s main exporting sectors are chemicals, capital goods, food, beverages & tobacco, vehicles, and non-chemical semi-manufactures. The largest export partners are the European Union (63 percent of total exports), in particular France (15 percent) and Germany (10 percent), the rest of Europe (11 percent), in particular the United Kingdom (6 percent), the United States (5 percent), Morocco (3 percent) and China (2 percent). The largest shares by sector of Spain’s imports are those of energy products, capital goods, chemicals, food, beverages and tobacco, and consumer manufactured goods. Spain's major import partner is the EU (45 percent of total imports), in particular Germany and France (9 percent each), followed by China (11 percent), the US (7 percent), the UK (3 percent), and Turkey, Brazil and Morocco (2 percent each).
Actual Previous Highest Lowest Dates Unit Frequency
-5682000.00 -4690000.00 1481717.00 -9834766.00 1962 - 2025 EUR Thousand Monthly

News Stream
Spain Trade Shortfall Widens in November
Spain's trade gap rose to €5.7 billion in November 2025 from €5.1 billion in the same month of the previous year. Exports fell by 1.5% year-on-year to €32.2 billion, as declines in automotive products (-8.9%) and non-chemical semi-manufactured goods (-2.8%) outweighed an 8% rise in raw materials. Imports rose by 0.2% to €37.8 billion, with gains in consumer manufactured goods (9.4%) and capital goods (7.9%) outweighed by a 22.1% slump in energy products. Spain posted a €730 million trade surplus with the EU and a €6.41 billion deficit with non-EU countries in November, with the largest surpluses recorded with Portugal, the UK, and France. The deficit with the US fell by 19.3% to €0.80 billion compared to €0.99 billion in November 2024, as exports and imports declined 8% and 12.6%, respectively. Year-to-date, Spain’s exports reached €356.93 billion, up 0.6% year-on-year, while imports climbed 4.5% to €408.41 billion, driving the trade shortfall up 42.4% to €51.48 billion.
2026-01-20
Spain Trade Deficit Widens in September
Spain's trade deficit widened to €6 billion in September 2025, the largest since January, up from €3.29 billion in the same month of the previous year. Imports jumped 10.1% to €38.4 billion, due to equipment goods (17.8%), chemical products (11.4%), and food, beverages & tobacco (12.6%). Among key partners, imports rose from China (10.1%), France (16%), the US (22.1%), Italy (7.4%), and Portugal (5.8%). Meanwhile, exports increased 2.6% to €32.4 billion, driven by higher sales of manufactured consumer goods (10.8%) and raw materials (43.7%). Exports advanced to France (5.5%), Portugal (4.6%), and the US (4.9%), but fell to the UK (6.6%).
2025-11-20
Spain Trade Gap Widest in 7 Months
Spain posted a trade deficit of €5.98 billion in August 2025, the largest since January, up from €4.76 billion in the same month of the previous year. Exports slipped by 9.3% yoy to an over four-year low of €24.4 billion, mainly dragged down by reduced shipments of energy products (-29.3%); automotive products (-21.8%); non-chemical semi-manufactures (-14.7%) and raw materials (-15.3%). Among key partners, exports declined to the EU (-11.3%), the US (-30.5%) and China (-19.9%), but rose to the UK (+4.5%). Meanwhile, imports fell 4% to an over four-year low of €30.3 billion, amid lower purchases of energy products (-16.5%); chemical products (-11.2%); non-chemical semi-manufactures (-10.3%) and consumer goods (-11.2%). Imports decreased from the EU (-0.7%), the US (-15.2%) and China (-3.8%), but increased from the UK (+1.6%).
2025-10-23