Exporting to Spain

Spain Export Guide | Trade Finance Global

Exporting to Spain

Imports in Spain are on the rise again after significant reforms were put in place after the GFC have begun to take effect. Dropping from $415.5 billion in 2008 to $292.3 billion in 2009, this had risen to $351 billion by 2014, up by 11.2% in four years. Tax reform, record employment growth and increased investment in research and development are all credited with assisting with the growth.

Oil is the single biggest import, reflecting 20.9% of all imports followed by vehicles at 11.2%, machines, engines and pumps at 8.5% and electronic equipment at 6.9%. Of that total, 58.4% were purchased from Europe while 19.4% came from Asia and 6.2% from North America.

Exporting to Spain? Contact our local experts

1.00 GBP
British Pound
1.00 GBP = 1.1654 EUR
=
1.1654 EUR
Euro
1.00 EUR = 0.85807 GBP

Country Profile

CapitalKingdom of SpainReino de Espaa Flag Coat of arms Motto:"Plus Ultra"(Latin)"Further Beyond" Anthem:"Marcha Real"(Spanish)"Royal March" Location of Spain(dark green) ?in Europe(green &dark grey) ?in the European Union(green) Madrid
Population
Area 505,990  km2 (195,360 sq mi)
km2 (51st)
Currency Euro (EUR)
GDP
Languages Spanish

Spain: Imports Profile

Imports from Spain

Import commodities:Fuels, chemicals, semi-finished goods, foodstuffs, consumer goods, measuring and medical control instruments, machinery and equipment
Top import destinations:Germany 14.4%, France 11.7%, China 7.1%, Italy 6.5%, Netherlands 5%, United Kingdom 4.9% (2015)
GDP growth (annual %)

Exporting to Spain: What is trade finance?

Export finance is a revolving facility which alternative financiers offer - it enables organisations to purchase stock and can help ease cashflow issues.

Typically, an alternative financier will fund most of the cost of the product, including charges (e.g. insurance costs).

Trade finance offers added advantages over more traditional bank finance for example bridging mortgages or loans. Trade finance provides up front funding without affecting existing relationships with banks.

How does it work?

If you're a firm importing or exporting stock supplies from or to other countries, then a trade finance facility would help you to fund this through offering a letter of credit or some form of cash advance.

I’m looking to export to Spain, how can Trade Finance Global help, and how does it work?

If you’re looking to export stock supplies to other international markets, you may need finance for exporting, which is an agreement between you (the exporter), and the importer from overseas. A non-bank lender would advance you the cost of producing the goods that you are exporting (as a debt product), either once you have shipped the goods, or before manufacturing them. Once the importer has received the stock and pays you for the import, you will repay the advance from the export bank over an agreed period.

Read the TFG Exporters Guide here.

Importing from Spain? Contact our local experts

Country Profile

CapitalKingdom of SpainReino de Espaa Flag Coat of arms Motto:"Plus Ultra"(Latin)"Further Beyond" Anthem:"Marcha Real"(Spanish)"Royal March" Location of Spain(dark green) ?in Europe(green &dark grey) ?in the European Union(green) Madrid
Population
Area 505,990  km2 (195,360 sq mi)
km2 (51st)
Currency Euro (EUR)
GDP
Languages Spanish

0.94

Econ Complexity 28th of 185
1980
2014

$299B

Exports 16th of 220
1980
2014

$342B

Imports 16th of 220
1980
2014

$33.6k

GDP Per Capita 33rd of 185
1990
2014
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