Does Spain trade a lot?

Spain does a lot of business with Germany, France and Italy as its primary trade partners in Europe and the United States across the pond. France is the biggest beneficiary of Spain’s exports, taking 15.3% of the country’s total exported goods.

Does Spain export a lot?

Spain is the 17th largest export economy in the world, with exports from Spain totalling £214 billion annually. Over the last five years, yearly export sales have continued to increase, growing at a rate of 1.72%.

What is Spain’s main trade?

The following is a list of the exports of Spain. Data is for 2019, in millions of United States dollars, as reported by International Trade Centre. Currently the top thirty exports are listed.

List of exports of Spain.

# Product Value
1 Cars 34,360
2 Unspecified Commodities 19,107
3 Refined petroleum 15,541
4 Vehicle parts 10,633

What does Spain produce a lot of?

Other fruit crops include apples, apricots, bananas, pears, peaches, and plums. Spain also produces vegetables (especially tomatoes, onions, and potatoes) and nuts (almonds). Because Spain is one of the world’s largest producers of wine, grape growing is of considerable importance.

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What is Spain’s biggest import?

Spain’s Top Imports

  • Crude petroleum – $28.2 billion.
  • Petroleum gas – $9.17 billion.
  • Refined petroleum – $8.56 billion.
  • Copper ore – $2.48 billion.
  • Corn – $1.74 billion.

Who does Spain trade with the most?

Spain does a lot of business with Germany, France and Italy as its primary trade partners in Europe and the United States across the pond. France is the biggest beneficiary of Spain’s exports, taking 15.3% of the country’s total exported goods.

What is Spain’s leading export?

Exports The top exports of Spain are Cars ($34.5B), Refined Petroleum ($12.3B), Vehicle Parts ($10.6B), Packaged Medicaments ($9.95B), and Delivery Trucks ($6.07B), exporting mostly to France ($47.4B), Germany ($34.9B), Portugal ($25.8B), Italy ($25.5B), and United Kingdom ($22.1B).

What exports is Spain known for?

Spain’s main exports are: capital goods; food, beverages and tobacco; autos, chemical, consumer goods; non-chemical semi-manufactured products; and energy products. Main export partners are: France; Germany; Italy; Portugal, the UK; the US ; Morocco; China and Turkey.

Where does Spain’s economy rank?

The economy of Spain is a highly developed social market economy. It is the world’s fourteenth-largest by nominal GDP as well as one of the largest in the world by purchasing power parity.

Economy of Spain.

Statistics
GDP $1.45 trillion (nominal, 2021 est.) $1.94 trillion (PPP, 2021 est.)
GDP rank 13th (nominal, 2021) 15th (PPP, 2021)

What type of economy does Spain have?

Spain has a mixed capitalist economy. The Spanish economy is the fifth-largest in Europe behind Germany, United Kingdom, Italy and France; and the fourth-largest in the Eurozone, based on nominal GDP statistics. In 2012, Spain was the twelfth-largest exporter in the world and the sixteenth-largest importer.

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What countries trade with Spain?

Spain trade balance, exports and imports by country

In 2016, Spain major trading partner countries for exports were France, Germany, Italy, United Kingdom and Portugal and for imports they were Germany, France, China, Italy and United States.

What does Spain import and export?

Its top imports are Crude Petroleum ($23.2B), Cars ($20.1B), Vehicle Parts ($15.9B), Packaged Medicaments ($9.5B) and Petroleum Gas ($7.82B). The top export destinations of Spain are France ($40.5B), Germany ($33.9B), Portugal ($24.2B), Italy ($22.7B) and the United Kingdom ($20.7B).

Does Spain have any trade barriers?

Tariffs and non-tariff barriers

Spain is part of the harmonised trade system of the EU and importing and exporting are covered by the EU Taxation and Customs Union. … Before shipping any goods, please consult Spanish Customs.

Where does Spain get its money?

The tourism sector is pivotal for the country’s economy, being Spain’s main source of income (although its contribution to GDP fell from a pre-COVID level of 12.4% in 2019, to only 5.5% in 2020 – INE), as the country is the second-most popular tourist destination in the world (83.7 million tourists in 2019, before the …

What cars do Spain make?

The main manufacturers established in the country are Daimler AG (manufacturing plant in Vitoria), Ford (its plant located in Almussafes is Ford’s biggest in Europe), Opel (Figueruelas), Nissan (Barcelona), PSA Peugeot Citroen (Vigo), Renault (with plants in Palencia and other Spanish locations), SEAT (Martorell), …