Spain’s trade deficit surged to €3.59 billion in June 2025 from €0.71 billion in the same month of the previous year. Imports jumped by 10.9% year-on-year to €37.4 billion, largely due to higher purchases of capital goods (+16.4%), chemical products (+21.7%), raw materials (+20.2%), automotive products (+11.4%), manufactured consumer goods (+13.5%) and durable consumer goods (+10.6%). Meanwhile, exports rose by 2.4% to €33.8 billion, buoyed by strong increases in shipments of manufactured consumer goods (+11.2%), food, beverages & tobacco (+9.1%), raw materials (+7.2%), and durable consumer goods (+7%), although energy exports dropped sharply by 21.5%.
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