Overview

• Eurostat reports EU goods exports to the United States fell about 10% in June, cutting the bloc’s monthly surplus with the U.S. roughly in half to around €9.6 billion.
• Spain’s exports to the U.S. declined 6.4% in June and 5.1% in the first half, while imports from the U.S. rose about 10%, widening Spain’s bilateral deficit to approximately €7.08 billion.
• Despite U.S. weakness, Spain’s total exports grew 1.0% in the first half to €197.15 billion, with sharp regional divergence: Catalonia rose 7.2% in June as Valencia’s first‑half exports slipped 0.8% and its surplus shrank 79.5% to €352 million.
• Regional and sector snapshots underscore uneven impacts: Galicia set a first‑half export record led by autos yet saw U.S. sales fall 17.3%, and Córdoba hit a new overall high as its U.S. shipments dropped 14.4% but olive oil sales to the U.S. edged up 5.3%.
• Following months of front‑loading and uncertainty, companies are shifting markets, with Spanish sales to China up 13% and to India up 14% in the first half as trade‑promotion efforts target alternative destinations.