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Pair · Q2 2026 · Aug 2025–Jul 2026

Goods, bank claims, portfolio holdings and direct investment between Canada and Spain, each channel at its own period. Left, Canada to Spain; right, Spain to Canada.

Finance to trade

positions ÷ goods, both directions
Finance to trade–positions ÷ goods, both directions
Financial positions, both directions44.3USD bn
Goods, both directions–Below the backbone of 1,500 flows

Bank, and positions in both directions over goods trade in both directions; financial centres show very high ratios because they hold securities for others.

Positions at the periods above, goods in the 12-month window. Calculations: datasteg.

The pair through time

2006–Jul 2026

Each channel at its own period on one time axis: goods every month (12-month windows), bank claims every quarter, portfolio holdings every half year, direct investment every year, and below them the finance-to-trade ratio by quarter. Solid lines are reported flows, dashed stretches estimated; the band between a goods line and its other report is the mirror gap where both reports exist. A month with no goods line is one where the pair fell below trade-flow’s 1,500 largest flows.

SinceCanada → SpainSpain → Canadaother report (mirror gap)estimated
Goods · 12-month windows, monthly · USD bnOct 2010 · 1.2 / 1.1013Bank claims · quarterly · USD bnQ2 2026 · 0.6 / 5.10510Portfolio holdings · half-yearly · USD bnDec 2025 · 16.6 / 13.701020Direct investment · annual · USD bn2024 · 4.3 / 4.00510Finance to trade · quarterly, positions both ways ÷ goods both waysnot reported0.0×1.0×2.0×20062008201020122014201620182020202220242026
Sources

The ratio starts in 2009, when the direct-investment survey begins: bank claims at the quarter, portfolio and direct investment at their latest period at or before it, goods in the 12 months to the quarter end. Calculations: datasteg global-network.

Goods Canada → Spain

Aug 2025–Jul 2026

exports of Canada to Spain, 12 months

Exports, 12 months–Below the backbone of 1,500 flows
Sources

Window Aug 2025–Jul 2026. Importer-reported where filed, partner-reported or estimated otherwise (tagged). Mirror ratio: the importer’s report over the exporter’s.

Goods Spain → Canada

Aug 2025–Jul 2026

exports of Spain to Canada, 12 months

Exports, 12 months–Below the backbone of 1,500 flows
Sources

Window Aug 2025–Jul 2026. Importer-reported where filed, partner-reported or estimated otherwise (tagged). Mirror ratio: the importer’s report over the exporter’s.

Canada → Spain

Q2 2026

loans and deposits of banks in Canada on residents of Spain

Position0.6USD bn
Flow in the quarter+0.1USD bnas published by the BIS
Sources

Loans and deposits, all sectors and currencies, residence basis, Q2 2026. Flow as published by the BIS.

Spain → Canada

Q2 2026

loans and deposits of banks in Spain on residents of Canada

Position5.1USD bn
Flow in the quarter−0.3USD bnas published by the BIS
Sources

Loans and deposits, all sectors and currencies, residence basis, Q2 2026. Flow as published by the BIS.

Canada → Spain

Q4 2025

securities issued in Spain held by investors in Canada

Total16.6USD bn
Equity14.1USD bn
Debt securities2.5USD bn
Sources

Holder to issuer, Q4 2025.

Spain → Canada

Q4 2025

securities issued in Canada held by investors in Spain

Total13.7USD bn
Equity2.7USD bn
Debt securities10.9USD bn
Sources

Holder to issuer, Q4 2025.

Canada → Spain

2024

position of investors in Canada in Spain

Position4.3USD bn
Reportthe host’s
Sources

Investor to host, 2024; one report per pair, the host’s first.

Spain → Canada

2024

position of investors in Spain in Canada

Position4.0USD bn
Reportthe host’s
Sources

Investor to host, 2024; one report per pair, the host’s first.