Spain's Economy Ministry released its trade data on Thursday. The trade deficit widened to €1.85 billion in November from €1.60 billion in November a year ago.

Exports rose at an annual rate of 8.6% in November, while imports climbed 9.3%.

In the January to November period, the trade deficit totalled €22.38 billion, down 1.2% from the same period of 2014.

Exports increased 4.3% in the January to November period, while imports gained 3.8%.