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1h ago

Spain’s Exports to U.S. Fall 5.1% in H1 Even After EU-U.S. Tariff Deal

Companies are redirecting shipments to China and India to offset losses from U.S. tariffs.

Contenedores en el puerto de València
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Contenedores de mercancias en el Puerto de Cádiz
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Overview

  • Exports to the U.S. fell 6.4% in June to €1.492 billion, driving a 5.1% drop in Spanish shipments over the first half of 2025.
  • Overall Spanish exports rose 1% to €197.15 billion in H1 as firms expanded sales in markets such as China (+13%) and India (+14%).
  • Imports from the United States climbed 10% to €15.84 billion, widening Spain’s bilateral deficit with the U.S. to €7.08 billion.
  • A late-July agreement cut a threatened 30% U.S. tariff on EU goods to 15% in exchange for EU purchase commitments, but exporters cite ongoing policy uncertainty.
  • Catalonia led all regions with €51.11 billion in H1 exports (up 1.4%) and is on track to exceed €100 billion in annual foreign sales despite sector‐specific challenges.