Overview

• After early‑year front‑loading, Spain’s goods exports to the U.S. fell 6.4% in June to €1.492 billion and declined 5.1% in the first half, even as total Spanish exports rose 1%.
• Spain’s imports from the U.S. increased 10% in the first half to €15.837 billion, widening the bilateral goods deficit to €7.083 billion.
• Eurostat data show EU goods exports to the U.S. dropped about 10% in June, with the bloc’s monthly surplus with America roughly halving to around €9.6 billion.
• A late‑July EU–U.S. agreement fixed a 15% general tariff, averting higher rates, while Spain moves to cushion the blow with a €14.1 billion support package via ICO and a push to diversify toward China and India, where sales grew 13% and 14% in the first half.
• Regional figures underscore uneven strain: Catalonia’s exports rose 7.2% in June and 1.4% in the first half, Valencia’s exports fell 0.8% with its surplus shrinking 79.5% amid an auto slump, and Galicia posted record overall sales yet saw U.S. exports drop 17.3% and its U.S. deficit reach €401 million.