Singular Bank | According to the Ministry of Economy, Trade and Business, in May, Spanish exports increased by 2.7% year-on-year, reaching €34.999 billion, with capital goods sales (24%) and lower energy exports (down 32.7%) standing out.
At the same time, imports rose by 3.1% to €37.5423 billion, with the largest increases in purchases of capital goods (14.8%), cars and parts (4.9%) and raw materials (10.7%).
Given this development, the Spanish trade deficit narrowed to €2.543 billion (against -€3.882 billion in April).
