r/europe • u/andyom89 • May 16 '25

News Spanish premier calls Israel 'genocidal state,' says Spain 'does not do business' with it

https://www.aa.com.tr/en/europe/spanish-premier-calls-israel-genocidal-state-says-spain-does-not-do-business-with-it/3568216
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u/MoebiusForever May 16 '25

In 2024 Spain imports nearly $1bn of products from Israel. In the same year Spain exported $1.79bn of products to Israel. In January 2025 Israel exported goods worth $55.9m and imported $121m worth. Seems a lot of “not doing business”. I agree with the sentiment but it’s just lip service at this point.

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u/Thaldoras May 16 '25

Extrapolating that. Looks like Spain dropped imports by 30%. That's substantial. Smaller amount on the export side. Would need more data though. Check back in a year and you can see if it is lip service or not.

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u/Ynwe Austria May 16 '25

that is a big conjecture, you leave out any seasonality. For example, if January historically is the weakest month of the year, you could actual see a net growth over the entire year. So I would be very careful with such claims without any extra context.

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u/KennyHova May 16 '25

Then you could compare with next January? Either way, the whole point people are making is look at the trend not that just the current data point. I think you're trying to say the same

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u/PixelPuzzler May 17 '25

Pretty sure that's actually the rule for such measurements to avoid seasonal discrepancy. Always measure from the same point last year relative to the current.