Throughout 2025, Spain recorded a trade deficit of €57.1 billion, a figure 47.1% higher than that of 2024. In 2025, imports increased by 4.6% compared to 2024, reaching €444.2 billion, while exports rose by 0.7% to €387.1 billion.
By contrast, EU exports grew by 2.4%, with Italy up 3.3%, France at 2.3%, and Germany at 0.9%. Outside the bloc, the UK saw growth of 3.2%, Japan 3.1%, and China 6.1%.
In 2025, Spanish exports to Africa (up 6%), Asia (3%), and other EU countries (5%) increased, while shipments to the USA decreased (down 8%). During the fiscal year, shipments to the EU represented 62% of all exports, generating a trade surplus of €19.762 billion with the region.
These annual figures already include those published yesterday by the Ministry of Industry, Trade, and Tourism regarding the final month, December 2025: Spain generated a trade deficit of €5.57 billion in December, a figure 35% higher than the €4.12 billion reached during the same month in 2024.
In December, imports increased by 5.5% year-on-year, reaching €35.7 billion, driven primarily by purchases of non-chemical semi-manufactured goods (26%), automotive-related goods (12.1%), and capital goods (4.8%).
Meanwhile, exports rose by 1.4% year-on-year in December to €30.2 billion, thanks to increased sales of raw materials (31.1%), manufactured consumer goods (5.4%), and food, beverages, and tobacco (5.1%). Conversely, December saw a decline in the sales of energy (down 12.5%) and chemical products (7.6%).
