Insights for Spain

MoM insights: In the month-on-month analysis, imports from the United States saw a significant increase of 223.12M EUR, representing an 11.13% rise. South Korea followed with a 161.42M EUR increase, marking a 68.02% growth. Switzerland also contributed positively with a 123.61M EUR increase (37.66%). On the downside, Italy experienced a notable decline of 448.91M EUR (-17.11%), while France's imports decreased by 414.1M EUR (-12.48%). Brazil and Algeria also saw reductions of 320.72M EUR (-43.31%) and 278.28M EUR (-48.27%) respectively. In exports, the United Kingdom led with a 324.05M EUR increase (18.27%), followed by Germany with 214.37M EUR (7.51%). Italy's exports also rose by 157.73M EUR (6.78%). Conversely, exports to the United States fell by 205.28M EUR (-15.25%), with Turkey and Algeria also seeing declines of 197.81M EUR (-22.30%) and 91.39M EUR (-41.54%) respectively.

YoY insights: Year-on-year, imports from the Rest of the World surged by 1.1B EUR (363.53%), while imports from China increased by 207.7M EUR (5.33%). Iraq's imports also rose significantly by 79.27M EUR (902.98%). On the contrary, imports from the United States dropped by 576.61M EUR (-20.56%), with Brazil and Mexico also experiencing declines of 371.24M EUR (-46.93%) and 305.21M EUR (-46.28%) respectively. In exports, the Rest of the World saw a substantial increase of 990.29M EUR (165.94%), with the United Kingdom and Gibraltar also showing positive growth of 159.25M EUR (8.22%) and 134.22M EUR (169.45%). However, exports to Germany fell by 283.3M EUR (-8.45%), with the Netherlands and Morocco also declining by 202.95M EUR (-17.20%) and 191.49M EUR (-18.67%) respectively.