Importing from Spain

Spain Import Guide | Trade Finance Global

Importing from Spain

Spain is a highly agriculturally focused country and produces large crops of barley, wheat, tomatoes, olives, lemons and many other fruits and vegetables. These helped push exports to $318.6 billion in 2014, up 29.4% from 2010.

Spain achieved a trade surplus for the first time in three decades in 2013 following a policy of reducing imports and increasing exports, while in 2015 the GDP grew by 3.2%, a rate not seen since the crisis struck in 2008. Top Spanish exports are vehicles (16.2%), machines (7.6%) and oil (7.2%).

Importing from Spain? Contact our local experts

1.00 GBP
British Pound
1.00 GBP = 1.1594 EUR
=
1.1594 EUR
Euro
1.00 EUR = 0.86251 GBP

Country Profile

CapitalKingdom of SpainReino de Espaa(Spanish) 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

0.84

Econ Complexity 31st of 184
1980
2015

$266B

Exports 17th of 221
1980
2015

$302B

Imports 15th of 221
1980
2015

$34.9k

GDP Per Capita 33rd of 184
1990
2015

Spain: Exports Profile

Exports from Spain

Export commodities:Machinery, motor vehicles, chemicals, shipbuilding, foodstuffs, electronic devices, pharmaceuticals and medicines, other consumer goods
Top export destinations:France 15.7%, Germany 11%, Italy 7.4%, United Kingdom 7.4%, Portugal 7.1%, United States 4.5% (2015)
GDP growth (annual %)

Importing from Spain: What is trade finance?

Trade finance is a revolving facility which alternative lenders offer - it enables firms to buy inventory and can help ease working capital problems.

Often, a trade financier will fund most of the cost of the stock, including charges (e.g. delivery costs).

Trade finance offers benefits over more traditional bank funding 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 products outside of your own country, then a trade finance facility would assist your company to fund this through offering a letter of credit or some form of cash advance.

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

If you are looking to import products from other countries, you may require import finance, which is an agreement between yourself (the importer) and the foreign exporter. A alternative financier will act as the intermediary, paying the exporter on your behalf until you receive the stock and have then sold them to your buyer. Repaying the financier then occurs over an agreed period.

Read the TFG Importers Guide here.

Importing from Spain? Contact our local experts

Country Profile

CapitalKingdom of SpainReino de Espaa(Spanish) 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

0.84

Econ Complexity 31st of 184
1980
2015

$266B

Exports 17th of 221
1980
2015

$302B

Imports 15th of 221
1980
2015

$34.9k

GDP Per Capita 33rd of 184
1990
2015
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