At BBVA, we want to help you make your company’s international decisions as well.
That’s why, from the SME Foreign Trade area, we are launching this monthly newsletter, where you will find a selection of key content to help you better understand the international context and make decisions with greater confidence.
Because in foreign trade, being well informed makes all the difference.
May 2026
The agreement's provisional application activates a strategic market in Brazil, Argentina, Uruguay and Paraguay. The gradual elimination of tariffs will boost key sectors such as capital goods, food and pharmaceuticals, redefining Spanish sales. Since each product has its own timeframes and rules of origin, the customs analysis and preparation of the trade strategy cannot wait: the time to act is now.
May 2026
These three letters regulate who assumes responsibility for transport and customs management in international trade. Although habit leads many companies to automatically use EXW or FOB, they are not always the most efficient options. In container transport, alternatives such as the Incoterm FCA are gaining ground by offering greater control over the export customs declaration and superior protection against logistical unforeseen events.
May 2026
The ceasefire in the Middle East gives the market a breather: crude oil consolidates at 100-105 USD per barrel, and the dollar loses ground, placing the EUR/USD pair in the 1.17-1.18 range. Although geopolitical tension remains latent, attention is now shifting towards macroeconomic data. The next ECB meeting in June and the change of leadership at the Fed will be key factors in the evolution of inflation and currencies.
April 2026
The energy shock resulting from the closure of the Strait of Hormuz has boosted the dollar as a safe-haven asset, reaching highs of 100 points in its global index. While the U.S. States benefits from its export profile, the euro has fallen to levels of 1.1470 due to the region’s energy dependence. This geopolitical crisis has triggered a sharp correction in the EUR/USD pair, pushing traditional macroeconomic data into the background. The rise in gas and crude import costs is now the main drag on European foreign trade.
April 2026
The de-escalation between the US States and Iran on April 8 has cooled energy prices, fulfilling the recovery scenario for the euro. After touching lows of 1.14, the EUR/USD pair has rebounded to 1.18, validating the strategic buying opportunity amid the easing of tension in Hormuz. Although a prolonged war threatened to sink the currency to levels of 1.11, current optimism is giving a boost to European foreign trade. Geopolitics remains the key factor for market forecasts.
March 2026
Foreign trade faces a critical March, with oil at $116, traffic through the Suez Canal down 45%, and new tariff threats from the U.S. States