FX.co ★ Spain Posts Largest Trade Gap in 4 Months

In July 2025, Spain experienced a significant increase in its trade deficit, reaching €4.01 billion, the highest since March and up from €3.21 billion in July of the previous year. The surge in imports, which climbed by 5.3% year-on-year to a four-month peak of €38.43 billion, was driven by increased purchases across several sectors: capital goods soared by 11.1%, chemical products by 9.1%, manufactured consumer goods by 8.9%, automobiles by 5.7%, and food, beverages, and tobacco by 4.8%. Concurrently, exports grew by 3.5%, totaling €34.42 billion, with notable contributions from chemical products, which increased by 18.3%, and food, beverages, and tobacco, which rose by 8.4%.