China overtakes Germany as Spain's top supplier; trade deficit widens 30%

Spanish imports from China have surpassed those from Germany, making China Spain's largest supplier, a shift driven by China's competitive pricing and Spain's demand for manufactured goods. Spain's trade deficit surged 30% through August, with China accounting for two-thirds of the gap, reflecting a structural change in Spain's trade relationships. This development underscores China's growing export dominance in Europe and may prompt EU trade policy responses.