ICEX-INVEST IN SPAIN

International Business Hub in a Global Market

Spain is an open economy. The increase of competitiveness of Spanish exports, mainly as a result of improvements in productivity and the moderation of wages, has contributed to a consecutive growth of the foreign trade sector over the last four years.

The dynamism of exports is also closely related with the growing trend of the foreign trade sector toward diversification and to finding new markets, while its products continue to position themselves in the upper levels of the value chain.

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Spain's exports of goods to third markets reached a figure of €277 billion in the year 2017. Foreign multinationals established in Spain are responsible for approximately 43% of Spain's total exports worldwide. The number of export companies accessing new markets grows each day.

Spain Exports of Goods to Third Markets by Geopraphic Desnation

Spanish companies and subsidiaries in Spain of multinationals alike, with activities in industry, technology and services, are increasing the added value and technological contents of their exports.

Img Exports of Goods to Third Markets by Sector

Furthermore, Spain is the 11th greatest global exporter of commercial services, with 115 billion USD. Services exported internationally from Spain -excluding Tourism- reached a value exceeding €63 billion in 2016.Furthermore, Spain is the 11th greatest global exporter of commercial services, with 115 billion USD. Services exported internationally from Spain -excluding Tourism- reached a value exceeding €63 billion in 2016.

Img Commercial services exports (excluding tourism) by destination country

Strategic Geographic Location

In addition to its domestic market, Spain offers a privileged location as gateway to the markets of Europe, Latin America, north of Africa and the Middle East.

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Last updated: 04|04|2018

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