As the EU is hardening its stance towards China, Madrid's warm relations with Beijing have stood out; Sánchez has made three visits to the Asian country since 2023 and this royal visit aims to strengthen "political, economic and cultural" ties
In 2024, Spain exported USD 7.7 billion to China, while Spain imported USD 46.6 billion from China (according to the Comtrade database). This resulted in a trade deficit of USD 39.9 billion, slightly higher that in 2023 and the highest in Spain’s trade history with China.
Beijing apparently applies the same playbook with Spain as with all other countries.
In 2024, Spain exported USD 7.7 billion to China, while Spain imported USD 46.6 billion from China (according to the Comtrade database). This resulted in a trade deficit of USD 39.9 billion, slightly higher that in 2023 and the highest in Spain’s trade history with China.
Beijing apparently applies the same playbook with Spain as with all other countries.
What does Madrid strengthen?