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Spain’s U.S. Exports Fall 5.1% in First Half as EU Surplus Shrinks on Tariffs

A late‑July deal fixing a 15% U.S. rate is pushing Spanish exporters to diversify toward new markets.

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

  • June shipments from Spain to the U.S. fell 6.4% to €1.492 billion, while imports from the U.S. rose about 10% in the first half to €15.837 billion, leaving a €7.083 billion deficit, according to the Economy Ministry.
  • Eurostat reported a 10% drop in EU goods exports to the U.S. in June and the bloc’s surplus with the U.S. narrowing to about €9.6 billion, roughly half the level a year earlier.
  • Despite weaker sales to the U.S., Spain’s total goods exports in the first half edged up 1% to €197.151 billion, with notable gains to China (+13%) and India (+14%).
  • Regional trends diverged: Catalonia’s exports rose 7.2% year over year in June and 1.4% in the first half, while the Valencian Community slipped 0.8% in the first half as auto‑sector weakness linked to Ford Almussafes cut its trade surplus to €352 million.
  • Sector data show Spanish exports to the U.S. dropping in energy (‑56%) and autos (‑29%), while purchases of U.S. food (+40%) and consumer durables (+37%) increased strongly.