Spain’s goods exports reached a June record of €35.545 billion in June 2026. The government announced this in Madrid on 18 August, citing the monthly report COMEX of the Ministerio de Economía, Comercio y Empresa . This represents an increase of 5.3 per cent compared with June 2025. Imports totalled €43.232 billion in the same month, resulting in a trade deficit of €7.686 billion.
The ministry cited energy exports as a key driver, with a 49.9 per cent rise in June. The official explanation for this development includes refining capacity in Spain , which supports exports of processed energy products and thus partly offsets rising energy import costs. Non-energy exports also increased: their value rose by 2.4 per cent in June, while volumes were up 3.5 per cent. The ministry described the increases as evidence of the competitiveness of Spanish suppliers.
Goods exports rose by 2.0 per cent to €201.134 billion in the first half of 2026, according to the same figures. This is the second-highest total for a January-to-June period. The trade deficit nevertheless remains, as the import bill – particularly for energy – is still high.
The figures are based on the government’s regular foreign trade monitoring. The monthly COMEX report records imports and exports by product category and supplements them with price and volume data. The European Unionhas traditionally been the main market for Spanish goods, making economic conditions in partner countries and energy price movements key influencing factors.
The growth rates and absolute figures cited come from the official announcement in La Moncloa and the accompanying report by the Ministerio de Economía, Comercio y Empresa. The explanation for the momentum in energy exports is attributed to the ministry. The announcement contains no forecasts for future developments; the assessment of competitiveness is the ministry’s view, not a reliable prediction. In any case, the June data underline Spain’s role as an exporter of processed energy products within Europe, while the trade balance remains under pressure from price levels in global energy markets.
Editor: Daniel Mayer (Article created with AI assistance).