Spain’s trade shortfall rose to €7.81 billion in August 2026 from €5.98 billion in the same period a year ago. Imports jumped by 16.7% yoy to €35.4 billion, boosted by a 41.9% jump in purchases of energy products, of which oil & derivatives. Solid increases were also seen for raw materials (+38.3%); automotive (+14.7%); chemical products (+14.3%), particularly medicines (+18.5%) and essential oils & perfumes (+16.2%); and consumer manufactures (+12.1%), especially apparel (+17.3%). Among key partners, imports rose from the EU (+13.5%), particularly France, Italy and Portugal; the US (+24.2%) and China (+18.9%). Meanwhile, exports surged by 13.3% to €27.6 billion, mainly on account of energy products (+79.3%), namely oil & derivatives and coal and electricity. Shipments also grew markedly for raw materials (+42.7%); chemical products (+14.6%) and consumer manufactures (+11.8%). Exports rose mostly to the EU (+13.3%), led by France and Portugal; the US (+50.7%) and China (+41.5%). source: Ministerio de Economía, Comercio y Empresa

Spain recorded a trade deficit of 7810000 EUR Thousand in August of 2026. Balance of Trade in Spain averaged -2001969.69 EUR Thousand from 1962 until 2026, reaching an all time high of 1481717.00 EUR Thousand in June of 2020 and a record low of -9834766.00 EUR Thousand in December of 2007. This page provides the latest reported value for - Spain Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on October of 2026.

Spain recorded a trade deficit of 7810000 EUR Thousand in August of 2026. Balance of Trade in Spain is expected to be -5293000.00 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Balance of Trade is projected to trend around -3571000.00 EUR Thousand in 2027 and -5771000.00 EUR Thousand in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-22 08:00 AM
Balance of Trade
Jul €-5.22B €-7.69B €-8.1B
2026-10-20 08:00 AM
Balance of Trade
Aug €-7.81B €-5.22B €-6.4B
2026-11-17 09:00 AM
Balance of Trade
Sep €-5.98B € -4.5B


Related Last Previous Unit Reference
Balance of Trade -7810000.00 -5220000.00 EUR Thousand Aug 2026
Capital Flows 13732.00 6436.00 EUR Million Jul 2026
Current Account 5050.00 5910.00 EUR Million Aug 2026
Current Account to GDP 3.20 3.30 percent of GDP Dec 2025
Exports 27594900.00 35453700.00 EUR Thousand Aug 2026
Exports by Category
Exports by Country
External Debt 2925535.00 2841993.00 EUR Million Jun 2026
External Debt to GDP 168.00 166.00 percent of GDP Jun 2026
Foreign Direct Investment 1978.00 6615.00 EUR Million Jul 2026
Gold Reserves 281.58 281.58 Tonnes Jun 2026
Imports 35408000.00 40677900.00 EUR Thousand Aug 2026
Imports by Category
Imports by Country
Natural Gas Imports 0.00 0.00 Terajoule Sep 2026
Remittances 4849.00 5986.00 EUR Million Jun 2026
Terms of Trade 98.10 98.50 points Aug 2026
Terrorism Index 0.79 1.26 Points Dec 2025
Tourism Revenues 14084.00 10429.00 EUR Million Jul 2026
Tourist Arrivals YoY 12256.09 11538.80 Thousand Aug 2026
Weapons Sales 341.00 606.00 SIPRI TIV Million Dec 2025


Spain Balance of Trade
Spain runs systemic trade deficits due to high imports of fuel and high added value goods. Spain’s main exporting sectors are chemicals, capital goods, food, beverages & tobacco, vehicles, and non-chemical semi-manufactures. The largest export partners are the European Union (63 percent of total exports), in particular France (15 percent) and Germany (10 percent), the rest of Europe (11 percent), in particular the United Kingdom (6 percent), the United States (5 percent), Morocco (3 percent) and China (2 percent). The largest shares by sector of Spain’s imports are those of energy products, capital goods, chemicals, food, beverages and tobacco, and consumer manufactured goods. Spain's major import partner is the EU (45 percent of total imports), in particular Germany and France (9 percent each), followed by China (11 percent), the US (7 percent), the UK (3 percent), and Turkey, Brazil and Morocco (2 percent each).
Actual Previous Highest Lowest Dates Unit Frequency
-7810000.00 -5220000.00 1481717.00 -9834766.00 1962 - 2026 EUR Thousand Monthly

News Stream
Spain Trade Gap Widens in August
Spain’s trade shortfall rose to €7.81 billion in August 2026 from €5.98 billion in the same period a year ago. Imports jumped by 16.7% yoy to €35.4 billion, boosted by a 41.9% jump in purchases of energy products, of which oil & derivatives. Solid increases were also seen for raw materials (+38.3%); automotive (+14.7%); chemical products (+14.3%), particularly medicines (+18.5%) and essential oils & perfumes (+16.2%); and consumer manufactures (+12.1%), especially apparel (+17.3%). Among key partners, imports rose from the EU (+13.5%), particularly France, Italy and Portugal; the US (+24.2%) and China (+18.9%). Meanwhile, exports surged by 13.3% to €27.6 billion, mainly on account of energy products (+79.3%), namely oil & derivatives and coal and electricity. Shipments also grew markedly for raw materials (+42.7%); chemical products (+14.6%) and consumer manufactures (+11.8%). Exports rose mostly to the EU (+13.3%), led by France and Portugal; the US (+50.7%) and China (+41.5%).
2026-10-20
Spain Trade Deficit Deepens in July
Spain’s trade deficit widened to €5.22 billion in July 2026 from €4.01 billion in the same period a year earlier. Imports rose 5.9% year-on-year to €40.68 billion, driven by higher purchases of vehicles and motorcycles (19.8%), energy products (13.4%), namely oil and derivatives (9.9%), electronic equipment (22.7%), and minerals (45.8%). In contrast, purchases of chemical products fell 2.8%. Among key trading partners, imports rose from China (9.9%), Algeria (61.7%), Italy (8.7%), and the UK (26.4%). Meanwhile, exports rose at a slower pace of 3% to €35.45 billion, supported by higher shipments of energy products (60.8%), particularly oil and derivatives (62.8%). Shipments of general-use equipment increased 16.5%, while exports of non-ferrous metals and minerals rose 22.2% and 26.2%, respectively. By destination, shipments were mainly directed to eurozone countries, particularly Italy (14.4%), Portugal (8.4%), and Germany (5.6%), as well as the US (19.2%).
2026-09-22
Spain Trade Gap Swells in June
Spain’s trade deficit rose to €7.69 billion in June 2026 from €3.59 billion in the same month a year ago. Imports climbed by 15.7% yoy to an all-time high of €43.23 billion, driven mainly by a 43.8% surge in energy-product purchases, reflecting the continued impact of disruptions to energy flows through the Strait of Hormuz. Imports also increased significantly for non-chemical semi-manufactured products (18.7%); food, beverages & tobacco (16.6%); consumer manufactures (11.3%) and autos (8.4%). Among key partners, imports rose from the EU (9.5%), particularly Germany (12.1%), France (13.5%) and Portugal (6.6%); the US (24.7%) and China (24.1%). Meanwhile, exports advanced by 5.3% to €35.55 billion, the highest figure ever recorded for June, boosted by shipments of energy products (49.9%); raw materials (12%) and non-chemical semi-manufactured products (8.1%). Exports increased mostly to Germany (9%), Italy (10.5%), Portugal (14.5%) and the US (4.4%), but fell to France (-1.8%).
2026-08-18