Spain’s trade deficit widened to €5.2 billion in April 2026, up from €3.9 billion in the same month a year earlier, as imports continued to outpace exports.
Imports rose by 8.7% to €39.6 billion, driven by higher purchases of energy products (32.2%), automotive products (10.1%), non-chemical semi-manufactured goods (7.3%), capital goods (4.3%) and raw materials (2.7%). These increases were partially offset by a decline in durable consumer goods (-4%).
Among Spain’s main trading partners, imports recorded the strongest increases from Belgium (25.1%), Finland (23.9%) and Lithuania (22.2%), while they fell sharply from Canada (-49.6%) and Croatia (-30%).
Exports grew by 5.8% to €34.4 billion, supported by higher shipments of energy products (26.3%), raw materials (24.8%), chemical products (11.6%) and capital goods (10.4%). Export growth was particularly strong to Denmark (32.7%), Slovenia (32.4%) and Lithuania (27.2%), but declined notably to Luxembourg (-38%).
