Spain’s trade deficit widened to €5.22 billion in July 2026 from €4.01 billion in the same period a year earlier. Imports rose 5.9% year-on-year to €40.68 billion, driven by higher purchases of vehicles and motorcycles (19.8%), energy products (13.4%), namely oil and derivatives (9.9%), electronic equipment (22.7%), and minerals (45.8%). In contrast, purchases of chemical products fell 2.8%. Among key trading partners, imports rose from China (9.9%), Algeria (61.7%), Italy (8.7%), and the UK (26.4%). Meanwhile, exports rose at a slower pace of 3% to €35.45 billion, supported by higher shipments of energy products (60.8%), particularly oil and derivatives (62.8%). Shipments of general-use equipment increased 16.5%, while exports of non-ferrous metals and minerals rose 22.2% and 26.2%, respectively. By destination, shipments were mainly directed to eurozone countries, particularly Italy (14.4%), Portugal (8.4%), and Germany (5.6%), as well as the US (19.2%). source: Ministerio de Economía, Comercio y Empresa

Spain recorded a trade deficit of 5220000 EUR Thousand in July of 2026. Balance of Trade in Spain averaged -1994475.46 EUR Thousand from 1962 until 2026, 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 September of 2026.

Spain recorded a trade deficit of 5220000 EUR Thousand in July of 2026. Balance of Trade in Spain is expected to be -4537000.00 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 -3571000.00 EUR Thousand in 2027 and -5771000.00 EUR Thousand in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-08-18 08:00 AM
Balance of Trade
Jun €-7.69B €-8.24B €-6.3B
2026-09-22 08:00 AM
Balance of Trade
Jul €-5.22B €-7.69B €-8.1B
2026-10-20 09:00 AM
Balance of Trade
Aug €-5.22B


Related Last Previous Unit Reference
Balance of Trade -5220000.00 -7690000.00 EUR Thousand Jul 2026
Capital Flows 1053.00 10081.00 EUR Million Jun 2026
Current Account 2410.00 1840.00 EUR Million Jun 2026
Current Account to GDP 2.90 3.20 percent of GDP Dec 2025
Exports 35453700.00 35545400.00 EUR Thousand Jul 2026
Exports by Category
Exports by Country
External Debt 2856878.00 2756330.00 EUR Million Mar 2026
External Debt to GDP 167.00 163.00 percent of GDP Mar 2026
Foreign Direct Investment 2572.00 773.00 EUR Million Jun 2026
Gold Reserves 281.58 281.58 Tonnes Mar 2026
Imports 40677900.00 43231900.00 EUR Thousand Jul 2026
Imports by Category
Imports by Country
Natural Gas Imports 0.00 92081.15 Terajoule Aug 2026
Remittances 5629.00 4236.00 EUR Million Mar 2026
Terms of Trade 98.40 97.40 points Jul 2026
Terrorism Index 0.79 1.26 Points Dec 2025
Tourism Revenues 10454.00 10490.00 EUR Million Jun 2026
Tourist Arrivals YoY 11538.80 9746.49 Thousand Jul 2026
Weapons Sales 341.00 606.00 SIPRI TIV Million Dec 2025


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
-5220000.00 -7690000.00 1481717.00 -9834766.00 1962 - 2026 EUR Thousand Monthly

News Stream
Spain Trade Deficit Deepens in July
Spain’s trade deficit widened to €5.22 billion in July 2026 from €4.01 billion in the same period a year earlier. Imports rose 5.9% year-on-year to €40.68 billion, driven by higher purchases of vehicles and motorcycles (19.8%), energy products (13.4%), namely oil and derivatives (9.9%), electronic equipment (22.7%), and minerals (45.8%). In contrast, purchases of chemical products fell 2.8%. Among key trading partners, imports rose from China (9.9%), Algeria (61.7%), Italy (8.7%), and the UK (26.4%). Meanwhile, exports rose at a slower pace of 3% to €35.45 billion, supported by higher shipments of energy products (60.8%), particularly oil and derivatives (62.8%). Shipments of general-use equipment increased 16.5%, while exports of non-ferrous metals and minerals rose 22.2% and 26.2%, respectively. By destination, shipments were mainly directed to eurozone countries, particularly Italy (14.4%), Portugal (8.4%), and Germany (5.6%), as well as the US (19.2%).
2026-09-22
Spain Trade Gap Swells in June
Spain’s trade deficit rose to €7.69 billion in June 2026 from €3.59 billion in the same month a year ago. Imports climbed by 15.7% yoy to an all-time high of €43.23 billion, driven mainly by a 43.8% surge in energy-product purchases, reflecting the continued impact of disruptions to energy flows through the Strait of Hormuz. Imports also increased significantly for non-chemical semi-manufactured products (18.7%); food, beverages & tobacco (16.6%); consumer manufactures (11.3%) and autos (8.4%). Among key partners, imports rose from the EU (9.5%), particularly Germany (12.1%), France (13.5%) and Portugal (6.6%); the US (24.7%) and China (24.1%). Meanwhile, exports advanced by 5.3% to €35.55 billion, the highest figure ever recorded for June, boosted by shipments of energy products (49.9%); raw materials (12%) and non-chemical semi-manufactured products (8.1%). Exports increased mostly to Germany (9%), Italy (10.5%), Portugal (14.5%) and the US (4.4%), but fell to France (-1.8%).
2026-08-18
Spain Trade Gap Rises in May
Spain’s trade deficit widened to €8.245 billion in May 2026, which was €5.702 billion higher than in the same month of 2025. This increase was mainly caused by a sharp rise in energy imports. Total imports grew by 14.4% to €42.939 billion, while exports fell slightly by 0.9% to €34.694 billion. The cost of imported oil almost doubled because the closure of the Strait of Hormuz disrupted global crude oil transport. During the first five months of 2026, the country's trade deficit reached €25.094 billion, up 16.6% compared with the previous year. Although exports increased by 1.3%, imports rose faster, by 3.1%, largely due to higher energy costs. Despite the overall deficit, sectors such as food, beverages and tobacco recorded strong trade surpluses. Spain also maintained a growing trade surplus with the European Union, especially with France, Portugal, and the United Kingdom, which remained key export markets.
2026-07-21