In February 2024, Spain's trade data showed a decrease in exports by 1.4% year-on-year to €383,689 million and a much larger drop in imports by 7.2% to €424,249 million, resulting in a trade deficit of €40,560 million. The document also highlights that the industry turnover in Spain experienced an overall decline of 8.7% year-on-year, with certain regions suffering even higher falls in turnover. Additionally, there was a notable slump in EU trade with third countries, with six-month 2023 statistics indicating exports down by 0.7% and imports down by 16.4%.