Spain’s current account surplus shrank significantly in April 2026, falling to €1.88 billion from €4.61 billion recorded in March 2026, according to the latest data updated on 30 June 2026.
The marked month-on-month decline suggests a weakening in Spain’s external balance position as the country moved into the second quarter. While the current account remained in surplus, the sharp reduction may reflect softer export performance, rising imports, shifts in services income, or changes in primary income flows over the period.
Analysts and market participants will be watching subsequent releases closely to determine whether April’s figure signals the start of a more sustained narrowing trend in Spain’s current account surplus or a temporary adjustment following a strong March reading.
