Spain is an important economy of the European Union; trade represents a major outlet for the country’s development, as more than half of the gross domestic product is earned through this activity. If you are interested in opening a company in the import/export field, you should know that at the level of 2014, the total gross domestic product of Spain raised to the value of $ 1.566 trillion, out of which 20.3% was a result of exports activities. Our Spanish company formation agents can provide you with in-depth information on the trade market in Spain.
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Main exports industries in Spain
If you plan to register a company in Spain in the field of trade, you should know details about the market here. Spain is an important exporter of manufactured goods and in 2014, the main the exported products were the following:
- vehicles,
- machines and engines,
- oil,
- electronic equipment,
- pharmaceuticals,
- plastics,
- fruits,
- iron and steel
- clothing.
The following video offers a short presentation on the Spanish import – export activities:
A significant aspect is that the oil exports have increased in the last five years by 87.5% on products such as refined or crude oil and petroleum gases. At the moment, Spain is one of the main providers of wine, as it is the world’s 3rd main wine exporter.
Spain’s central export partners are: France, Germany, China, Italy, the Netherlands, United Kingdom, Portugal and United Stated of America.
Main imports industries in Spain
Imports are also a relevant aspect of trade economy in Spain and, if you want to register a business here, our company formation agents can offer you relevant information on this topic.
Spain imports the following:
- fuel,
- food,
- machinery,
- motor cars,
- medical and technical equipment,
- pharmaceuticals.
Spain economy has had a growing need of vehicles and, as such, this import industry has been the most important in the last five years, increasing with 29.1% since 2010.
The main import partners for Spain are: France, Germany, Portugal and Italy.
If you need to register a company in Spain with import/export operations, please contact our company formation agents, who can offer you with consultations according to the needs of your business plan.