Spain Cuts Trade Deficit by 40% in 2023 with Lower Energy Buys

In 2023, Spain’s trade gap fell by over 40% from the previous year, thanks to reduced energy imports, especially gas. The Ministry of Economy, Trade, and Company shared this news on Monday. Exports approached €383.7 billion ($413 billion) in 2023, a slight 1.4% dip from 2022’s record high. Imports decreased to €424 billion ($456 billion), […]