Spain: Current account surplus falls in April
Latest reading: The current account recorded a EUR 1.4 billion surplus in April, deteriorating from the EUR 2.5 billion surplus recorded in March (April 2024: EUR 1.0 billion surplus). Meanwhile, the 12-month trailing current account surplus improved, coming in at EUR 44.6 billion in April (March: EUR 44.3 billion surplus).
The merchandise trade balance improved from the previous month, recording a EUR 3.9 billion deficit in April (March 2025: EUR 5.5 billion deficit). Merchandise exports contracted 4.4% annually in April (March: +8.5% year-on-year). Meanwhile, merchandise imports declined 5.8% on an annual basis in April (March: +18.3% yoy), marking the weakest result since June 2024.