Throughout 2025, Spain recorded a trade deficit of EUR 57.1 billion, a figure 47.1% higher than that of 2024. In 2025, imports increased by 4.6% compared to 2024, reaching EUR 444.2 billion, while exports rose by 0.7% to EUR 387.1 billion.
By contrast, EU exports grew by 2.4%, with Italy at +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 (+6%), Asia (+3%), and other EU countries (+5%) increased, while shipments to the USA decreased (-8%). During the fiscal year, shipments to the EU represented 62% of all exports, generating a trade surplus of EUR 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 (-12.5%) and chemical products (-7.6%).
