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Spain Set to Re-Enter Germany's Top 10 Export Markets as Shipments Jump
Published by Global Banking & Finance Review®
Posted on December 23, 2025
1 min readLast updated: January 20, 2026
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Spain is projected to re-enter Germany's top 10 export markets by 2025, with exports expected to rise by 8.5%, driven by strong economic growth and increased demand.
Spain to Rejoin Germany's Top 10 Export Markets by 2025
BERLIN, Dec 23 (Reuters) - Spain is set to become the fastest-growing destination among Germany's 10 biggest export markets in 2025, with shipments forecast to rise 8.5% to 58.8 billion euros ($69.31 billion), a Germany Trade & Invest (GTAI) projection seen by Reuters on Tuesday showed.
The increase would lift Spain into 10th place among German customers for the first time since 2009, the forecast showed.
Spain's real economic growth, forecast to be just under 2.9% for 2025 is significantly above Germany's 0.3%, OECD forecasts show, boosting demand for German goods and pushing bilateral trade volumes close to 100 billion euros, the agency said.
"German companies are also benefiting from the good economic situation," said Friedrich Henle, GTAI's foreign representative in Madrid, pointing to private consumption as a key driver of growth in Spain, supported by a tourism boom and higher immigration.
Spanish imports of investment goods are growing strongly this year, Oxford Economics' chief Europe economist Angel Talavera said, adding that Germany's export mix is well suited to the shift.
($1 = 0.8484 euros)
(Reporting by Rene Wagner and Maria MartinezEditing by Madeline Chambers)
Key Takeaways
- •Spain's imports from Germany are projected to grow by 8.5% by 2025.
- •Spain will re-enter Germany's top 10 export markets for the first time since 2009.
- •Spain's economic growth is forecasted to be significantly higher than Germany's.
- •Private consumption and tourism are key growth drivers in Spain.
- •Germany's export mix aligns well with Spain's growing demand for investment goods.
Frequently Asked Questions about Spain set to re-enter Germany's top 10 export markets as shipments jump
1What is economic growth?
Economic growth is an increase in the production of goods and services in an economy over a period of time, typically measured by the rise in GDP.
2What are imports?
Imports are goods and services brought into a country from abroad for sale, which can help meet domestic demand for products not produced locally.
3What is the financial community?
The financial community encompasses individuals, institutions, and organizations involved in the management, investment, and regulation of financial resources, including banks, investors, and regulatory bodies.
