FX.co ★ Spain Trade Gap Balloons in June

In June 2025, Spain experienced a significant increase in its trade deficit, which reached €3.59 billion compared to €0.71 billion in the same month the previous year. This was largely driven by a 10.9% year-on-year rise in imports, totaling €37.4 billion. The surge in imports was primarily due to increased purchases of capital goods (up 16.4%), chemical products (up 21.7%), raw materials (up 20.2%), automotive products (up 11.4%), manufactured consumer goods (up 13.5%), and durable consumer goods (up 10.6%). On the other hand, exports increased by 2.4%, amounting to €33.8 billion. This growth was particularly supported by a strong performance in manufactured consumer goods (up 11.2%), food, beverages and tobacco (up 9.1%), raw materials (up 7.2%), and durable consumer goods (up 7%). However, there was a significant decline in energy exports, which fell by 21.5%.