The increase in exports marks the third consecutive month of growth and highlights the sector's resilience internationally. This 3,5% growth exceeds the performance of other eurozone economies, such as Germany, (1,3%) and France (3,1%), and the European Union as a whole (1,5%). During the same period, imports also reached a record figure for the month, reaching €38.428 billion, representing an increase of 5,3%.
By sectors, those that contributed most to the growth of exports were: Chemicals, with a contribution of 3,2 percentage points, followed by food, beverages and tobacco (1,5 points). In fact, these sectors, along with capital goods, consumer goods, and durable goods, reached record levels for the month of July.
By destination market, exports to the European Union-27 represented 61% of the total, representing a growth of 6,3%. Record figures for the month were reached in 17 EU destinations, including: Germany, Portugal, Belgium, Poland, the Czech Republic, and Greece.
The trade deficit and cumulative performance
Despite the good performance of exports, the report also reveals that, in the cumulative period from January to July 2025, the Spanish trade deficit has positioned itself in the first seven months of the year at 29.122 millones de euros, which represents an increase in 53% compared to the negative balance of 19.036 million in the same period in 2024, According to the Monthly Foreign Trade Report of the Ministry of Economy, Trade and Business, which reflects the impact of the tariff tensions imposed by the Trump Administration on the foreign market, this figure is primarily explained by the non-energy deficit, as the energy deficit has decreased by 6,3%. During this period, exports of goods totaled €231.567 billion, while imports stood at €260.692 billion.
The sectors that generated the largest surpluses in the year to date were: food, beverages and tobacco, And the non-chemical semi-manufactures. For their part, the autonomous communities with the most significant growth in exports were the Community of Madrid (15,3%), Extremadura (13,7%), and the Canary Islands (11,8%).
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