In April 2025, Spain’s trade deficit decreased by 16.6% compared to the same month of the previous year, reaching 3.882.4 million euros. This reduction was mainly due to a drop in the energy deficit, according to the Monthly Foreign Trade Report published by the Ministry of Economy, Trade and Enterprise.

Exports grew by 2.2% year-on-year, reaching 32.510.8 million euros, the second-highest value ever recorded for April. Imports, on the other hand, fell by 5.8%, totalling 36.393.2 million euros. As a result, the coverage ratio — the percentage of exports over imports — improved to 89.3%.

Spain Reduces Its Trade Deficit in April Thanks to Increased Exports and Lower Energy Deficit

By sector, the largest trade surpluses were recorded in food, beverages and tobacco (1.920.3 million euros), other goods (960.7 million euros), the automotive sector (477.8 million euros), and non-chemical semi-manufactures (372.1 million euros).

Trade with the European Union was particularly favourable, with a surplus of 1.579.1 million euros. Record export figures were achieved in five EU destinations, notably Poland, Austria, and Slovakia. Meanwhile, the trade deficit with non-EU countries narrowed to 5.461.5 million euros, down from 7.544.4 million euros in April 2024. Spain registered its highest bilateral surpluses with France (1.677.7 million euros), Portugal (1.383.2 million euros), and the United Kingdom (1.245.5 million euros).

From January to April 2025, exports increased by 0.8% compared to the same period in 2024, reaching 128.384.1 million euros. Imports totaled 147.366.2 million euros. The Spanish regions with the highest export growth were the Canary Islands (23.1%), Castilla y León (13.5%), and Castilla-La Mancha (8.1%). In addition, the number of regular exporters (those who export more than 1,000 euros per year for at least three consecutive years) rose slightly to 40,901, up 0.2% from the same period in 2024.