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Pair · Q2 2026 · Aug 2025–Jul 2026

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

Finance to trade

positions ÷ goods, both directions
Finance to trade–positions ÷ goods, both directions
Financial positions, both directions22.0USD 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.

SinceChina → SpainSpain → Chinaother report (mirror gap)estimated
Goods · 12-month windows, monthly · USD bnMay 2026 · 59.7 / 9.6050100Bank claims · quarterly · USD bnQ2 2026 · – / 3.8035Portfolio holdings · half-yearly · USD bnDec 2025 · 6.0 / 2.30510Direct investment · annual · USD bn2024 · 4.1 / 5.80510Finance to trade · quarterly, positions both ways ÷ goods both waysQ2 2026 · 0.4×0.0×1.0×2.0×20062008201020122014201620182020202220242026
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 China → Spain

Aug 2025–Jul 2026

exports of China 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 → China

Aug 2025–Jul 2026

exports of Spain to China, 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.

China → Spain

Q2 2026

loans and deposits of banks in China on residents of Spain

Position–Not reported
Flow in the quarter–
Sources

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

Spain → China

Q2 2026

loans and deposits of banks in Spain on residents of China

Position3.8USD 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.

China → Spain

Q4 2025

securities issued in Spain held by investors in China

Total6.0USD bn
Equity1.3USD bn
Debt securities4.7USD bn
Sources

Holder to issuer, Q4 2025.

Spain → China

Q4 2025

securities issued in China held by investors in Spain

Total2.3USD bn
Equity2.3USD bn
Debt securities0.0USD bn
Sources

Holder to issuer, Q4 2025.

China → Spain

2024

position of investors in China in Spain

Position4.1USD bn
Reportthe host’s
Sources

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

Spain → China

2024

position of investors in Spain in China

Position5.8USD bn
Reportthe host’s
Sources

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