In August, Spanish exports fell by 9.3% year-on-year to €24.4 billion, the lowest figure in four years. Sales abroad were primarily dragged down by the reduction in shipments of energy products (-29.3%); automotive products (-21.8%); non-chemical semi-manufactures (-14.7%); and raw materials (-15.3%). Among key partners, exports decreased to the European Union (EU; -11.3%), the US (-30.5%), and China (-19.9%), but increased to the United Kingdom (+4.5%). Meanwhile, imports fell by…

Goods sold by the 27 EU member states to the U.S. will be subject to a 20% tariff, as announced by Donald Trump. For Spanish exports—just over €18 billion last year—it will have an impact of at least €3.2 billion, or 0.2% of GDP, and will particularly hit capital goods, metallurgy, and agricultural sectors—such as olive oil, fruits and vegetables, or wine—which account for more than €14 billion in exports….

Elisa Carbonell, CEO of ICEX | The global geopolitical situation has been complex for several years now: with the Covid-19 pandemic, global supply chains were put to the test, and since then, various events of different natures have occurred that are having implications for international trade. Despite this, Spanish merchandise exports have performed well in recent years: Spanish companies have been able to maintain and even increase their global market…