Insights for Spain

MoM insights: In the month-on-month analysis, Spain's imports saw a significant increase, with the highest values recorded from Nigeria (465.08M EUR, 3.02% increase), Mexico (464.43M EUR, 0.58% increase), and Japan (627.83M EUR, 0.34% increase). Conversely, the lowest values were from the Rest of the World (1.41B EUR, -0.24% decrease), the United States (2.11B EUR, -0.16% decrease), and Germany (4.29B EUR, -0.06% decrease). For exports, Turkey led with 933.06M EUR (3.91% increase), followed by Slovenia (90.46M EUR, 33.01% increase), and Sweden (321.37M EUR, 5.36% increase). The lowest exports were to France (4.32B EUR, -11.73% decrease), Portugal (2.8B EUR, -12.09% decrease), and the Rest of the World (1.73B EUR, -11.66% decrease). Overall, total imports decreased by 1.35B EUR (-3.42%), while total exports decreased by 3.58B EUR (-10.05%).

YoY insights: In the year-on-year analysis, imports from the Rest of the World increased significantly by 1.06B EUR (3.09%), followed by China (4.34B EUR, 0.17% increase) and Germany (4.29B EUR, 0.08% increase). The lowest increases were from Algeria (461.04M EUR, -0.43% decrease), the United States (2.11B EUR, -0.12% decrease), and Brazil (483.7M EUR, -0.30% decrease). For exports, the Rest of the World also saw a notable increase of 1.19B EUR (2.17%), with Turkey (933.06M EUR, 0.26% increase) and Germany (3.42B EUR, 0.04% increase) following. The lowest decreases were from Panama (31.63M EUR, -87.77% decrease), the United Kingdom (1.91B EUR, -0.07% decrease), and China (594.18M EUR, -0.15% decrease). Overall, total imports increased by 2.2B EUR (6.13%), while total exports increased by 1.42B EUR (4.63%).