FX.co ★ Spain Trade Shortfall Narrows in April

In April 2025, Spain's trade deficit narrowed to €3.88 billion, down from €4.66 billion in April of the previous year, attributed to a sharper decline in imports compared to exports. Specifically, imports decreased by 5.8%, amounting to €36.4 billion. This reduction was primarily driven by a notable drop in energy product purchases (-12.2%), raw materials (-26.9%), chemical products (-6.9%), and automotive products (-6.9%), with auto parts seeing a significant fall (-20.8%). There was also a decrease in non-chemical semi-manufactured goods (-6.1%). Concurrently, exports declined by 4.4%, totaling €32.5 billion.