Espanya: Visió econòmica i política
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 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Imports of Goods (million USD) | 419,700 | 494,259 | 469,877 | 479,331 | 513,316 |
| Exports of Goods (million USD) | 379,969 | 415,462 | 422,487 | 428,505 | 445,106 |
| Imports of Services (million USD) | 77,717 | 88,715 | 94,561 | 111,381 | 126,364 |
| Exports of Services (million USD) | 117,373 | 164,839 | 194,576 | 219,841 | 254,593 |
Source: World Trade Organisation (WTO) ; Latest available data
| Foreign Trade Indicators | 2021 | 2022 | 2023 | 2024 | 2025 |
| Foreign Trade (in % of GDP) | 66.5 | 78.5 | 71.8 | 70.0 | 69.5 |
| Trade Balance (million USD) | -24,761 | -63,339 | -37,949 | -36,644 | -55,373 |
| Trade Balance (Including Service) (million USD) | 14,534 | 12,108 | 62,206 | 71,918 | 73,357 |
| Imports of Goods and Services (Annual % Change) | 15.0 | 7.7 | -0.0 | 2.9 | 6.2 |
| Exports of Goods and Services (Annual % Change) | 13.4 | 14.2 | 2.2 | 3.2 | 3.6 |
| Imports of Goods and Services (in % of GDP) | 32.8 | 38.8 | 34.0 | 32.9 | 32.8 |
| Exports of Goods and Services (in % of GDP) | 33.8 | 39.7 | 37.8 | 37.1 | 36.6 |
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) | 1.9 | 2.5 | 2.7 | 2.5 | 2.5 |
| Volume of imports of goods and services (Annual % change) | 4.3 | 2.8 | 2.7 | 2.5 | 2.3 |
Source: IMF, World Economic Outlook ; Latest available data
Note: (e) Estimated Data
| Main Customers (% of Exports) |
2025 |
| France | 14.1% |
| Germany | 10.0% |
| Portugal | 8.7% |
| Italy | 8.0% |
| United Kingdom | 6.4% |
| United States | 4.2% |
| Netherlands | 3.6% |
| Belgium | 3.2% |
| Morocco | 3.0% |
| Poland | 2.6% |
| Türkiye | 2.5% |
| China | 2.0% |
| Mexico | 1.4% |
| Switzerland | 1.3% |
| Czech Republic | 1.0% |
| Romania | 1.0% |
| Greece | 0.9% |
| Sweden | 0.9% |
| United Arab Emirates | 0.8% |
| Brazil | 0.8% |
| 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% |
| Netherlands | 4.6% |
| Portugal | 3.5% |
| Belgium | 2.4% |
| United Kingdom | 2.4% |
| Morocco | 2.3% |
| Türkiye | 2.3% |
| Poland | 2.0% |
| Brazil | 1.9% |
| Algeria | 1.4% |
| India | 1.4% |
| Vietnam | 1.3% |
| Czech Republic | 1.2% |
| Japan | 1.2% |
| Mexico | 1.2% |
| Ireland | 1.1% |
| See More Countries | 56.1% |
Source: Comtrade, 2026. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
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.
| 208.3 bn USD of services exported in 2024 | |
| 51.13% | |
| 21.99% | |
| Miscellaneous business,...Miscellaneous business, professional, and technical services | 20.63% |
| Research and developmentResearch and development | 1.36% |
| 10.92% | |
| 9.60% | |
| 2.33% | |
| 2.13% | |
| 1.29% | |
| 0.62% | |
| 105.3 bn USD of services imported in 2024 | |
| 31.81% | |
| Miscellaneous business,...Miscellaneous business, professional, and technical services | 30.41% |
| Research and developmentResearch and development | 1.41% |
| 30.96% | |
| 13.44% | |
| 11.93% | |
| 6.95% | |
| 2.87% | |
| 1.75% | |
| 0.29% | |
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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