Provisional data from the Canary Islands Statistics Institute (ISTAC) indicate that imports in the islands between January and May 2026 reached 7,900.864 million euros, representing a 16.3% decrease compared to the same period last year. Exports, on the other hand, stood at 1,725.341 million euros, experiencing a negative variation of 9.6%.
The accumulated trade deficit amounts to 6,175.523 million euros. The coverage rate, calculated as the ratio between exports and imports, is 21.8%.
Regarding the composition of imports, machinery and transport equipment accounted for 26.8% of the total in May 2026. This is followed by products related to food (21.3%) and miscellaneous manufactured articles (15.9%). Geographically, 72.4% of imports came from the rest of Spain, 17.8% from the EU-27, and 3.6% from Asia.
In terms of exports, oil and its derivatives led the list with 24.6%, followed by food products (13.1%) and machinery and transport equipment (12.6%). The main destination for Canary Islands exports was the rest of the EU-27 (30.7%), followed by the rest of Spain (26.9%) and Europe in general (64.5%).
