Spain's trade deficit surged to €3.59 billion in June 2025 from €0.71 billion in the same month of the previous year. Imports jumped by 10.9% year-on-year to €37.4 billion, largely due to higher purchases of capital goods (+16.4%); chemical products (+21.7%), of which medicines (+55.4%); raw materials (+20.2%); automotive products (+11.4%), manufactured consumer goods (+13.5%) and durable consumer goods (+10.6%). Among key partners, imports rose from the EU (+12.5%), the US (+21.5%) and China (+27.4%). Meanwhile, exports rose by 2.4% to €33.8 billion, buoyed by strong increases in shipments of manufactured consumer goods (+11.2%), food, beverages & tobacco (+9.1%), raw materials (+7.2%), and durable consumer goods (+7%), although energy exports dropped sharply by 21.5%, notably gas (-49.3%). Exports increased primarily to the UK (+27.3%), Turkey (+21.2%), Switzerland (+7.1%), France (+6.5%) and Portugal (+5.7%) but declined Germany (-3.1%), Italy (-5.9%) and the US (-6.4%).