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Foreign Trade in Figures

Spain is open to foreign trade, which represents 69% of its GDP in 2025 (World Bank). In 2025, the leading sectors in terms of share of total exports were capital goods (19.4%), food, beverages, and tobacco (19.3%), chemical products (17.1%), and the automotive industry (12.8%). Automotive sector exports declined, falling by 7.1% year-on-year to a value of EUR 49.4 billion. Conversely,  Spain's import sectors with the highest shares included capital goods (23.7% of the total, with industrial machinery accounting for 5.6%), chemical products (comprising 16.2%), food and beverages (13.0%),  energy products (12.1% - official government data).

In 2025, France remained the main destination for Spanish exports (14.1% of the total), followed by Germany (10.0%), Portugal (8.7%), Italy (8.0%), the United Kingdom (6.4%), and the U.S. (4.2%). On the import side, China (11.1% of total imports) narrowly overtook Germany (11.0%) as Spain's top supplier, ahead of France (8.3%), Italy (6.9%), the U.S. (6.7%), and the Netherlands (4.7% - data Comtrade).

The country's trade balance for merchandise is structurally negative due to high imports of fuel and high added-value goods; although the trade in services is generally positive. According to the Ministry of Economy, Trade and Enterprise, merchandise exports in 2025 totalled EUR 387.09 billion, the second-highest on record, slightly below 2022 levels. Exports rose by 0.7% year-on-year nominally. Imports amounted to EUR 444.15 billion, up 4.6% nominally, leaving a trade deficit of EUR 57.05 billion. Tourism receipts, the backbone of the services surplus, reached EUR 105.2 billion in 2025 (6.2% of GDP), up from EUR 98.4 billion in 2024 (Bank of Spain). According to preliminary figures from the Ministry of Economy, Trade and Enterprise, in the period Jan-Jun 2026, Spain exported EUR 201.13 billion worth of goods (+2% compared to the previous year), whereas imports totalled EUR 233.92 billion (+5.2% y-o-y).

 
Foreign Trade Values 20212022202320242025
Imports of Goods (million USD) 419,700494,259469,877479,331513,316
Exports of Goods (million USD) 379,969415,462422,487428,505445,106
Imports of Services (million USD) 77,71788,71594,561111,381126,364
Exports of Services (million USD) 117,373164,839194,576219,841254,593

Source: World Trade Organisation (WTO) ; Latest available data

Foreign Trade Indicators 20212022202320242025
Foreign Trade (in % of GDP) 66.578.571.870.069.5
Trade Balance (million USD) -24,761-63,339-37,949-36,644-55,373
Trade Balance (Including Service) (million USD) 14,53412,10862,20671,91873,357
Imports of Goods and Services (Annual % Change) 15.07.7-0.02.96.2
Exports of Goods and Services (Annual % Change) 13.414.22.23.23.6
Imports of Goods and Services (in % of GDP) 32.838.834.032.932.8
Exports of Goods and Services (in % of GDP) 33.839.737.837.136.6

Source: World Bank ; Latest available data

Foreign Trade Forecasts 2026 (e)2027 (e)2028 (e)2029 (e)2030 (e)
Volume of exports of goods and services (Annual % change) 1.92.52.72.52.5
Volume of imports of goods and services (Annual % change) 4.32.82.72.52.3

Source: IMF, World Economic Outlook ; Latest available data

Note: (e) Estimated Data

 
International Economic Cooperation
Spain is a member of the following international economic organisations: IMF, European Union, ICC, Central American Integration System (SICA) (observer), WTO, Latin American Integration Association (LAIA) (observer), OECD, European Economic Area, among others. For the full list of economic and other international organisations in which participates Spain click here. International organisation membership of Spain is also outlined here.
Free Trade Agreements
The complete and up-to-date list of Free Trade Agreements signed by Spain can be consulted here.
 

Main Partner Countries

Main Customers
(% of Exports)
2025
France 14.1%
Germany 10.0%
Portugal 8.7%
Italy 8.0%
United Kingdom 6.4%
See More Countries 52.8%
Main Suppliers
(% of Imports)
2025
China 11.1%
Germany 11.0%
France 8.3%
Italy 6.9%
United States 6.7%
See More Countries 56.1%

Source: Comtrade, 2026. Because of rounding, the sum of the percentages may be smaller/greater than 100%.

 
 

Main Products

449.5 bn USD of products exported in 2025
Motor cars and other motor vehicles principally...Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars (excl. motor vehicles of heading 8702) 9.1%
Medicaments consisting of mixed or unmixed...Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses "incl. those in the form of transdermal administration" or in forms or packings for retail sale (excl. goods of heading 3002, 3005 or 3006) 3.6%
Petroleum oils and oils obtained from bituminous...Petroleum oils and oils obtained from bituminous minerals (excl. crude); preparations containing >= 70% by weight of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, n.e.s.; waste oils containing mainly petroleum or bituminous minerals 3.2%
Parts and accessories for tractors, motor vehicles...Parts and accessories for tractors, motor vehicles for the transport of ten or more persons, motor cars and other motor vehicles principally designed for the transport of persons, motor vehicles for the transport of goods and special purpose motor vehicles of heading 8701 to 8705, n.e.s. 2.6%
Meat of swine, fresh, chilled or frozenMeat of swine, fresh, chilled or frozen 1.5%
See More Products 79.9%
520.9 bn USD of products imported in 2025
Petroleum oils and oils obtained from bituminous...Petroleum oils and oils obtained from bituminous minerals, crude 6.3%
Motor cars and other motor vehicles principally...Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars (excl. motor vehicles of heading 8702) 5.7%
Medicaments consisting of mixed or unmixed...Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses "incl. those in the form of transdermal administration" or in forms or packings for retail sale (excl. goods of heading 3002, 3005 or 3006) 3.9%
Parts and accessories for tractors, motor vehicles...Parts and accessories for tractors, motor vehicles for the transport of ten or more persons, motor cars and other motor vehicles principally designed for the transport of persons, motor vehicles for the transport of goods and special purpose motor vehicles of heading 8701 to 8705, n.e.s. 2.6%
Petroleum gas and other gaseous hydrocarbonsPetroleum gas and other gaseous hydrocarbons 2.6%
See More Products 79.0%

Source: Comtrade, 2026. Because of rounding, the sum of the percentages may be smaller/greater than 100%.

 
 

To go further, check out our service Import-Export Flows.

 

Main Services

Source: United Nations Statistics Division, 2026. Because of rounding, the sum of the percentages may be smaller/greater than 100%.

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Actualitzacions: October 2026

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