"Spain is the 2nd largest automaker in Europe and the 8th largest in the world"

Automotive industry is a strategic sector for the Spanish economy.

9 multinational brands with 17 plants are established in the country. Spanish plants manufactured 2.45 million vehicles in 2023. Spanish plants manufacture 40 models, including 22 electrified versions.

The Spanish automotive industry turnover represents 10% of Spain’s GDP and 18% of total exports. (including vehicles and auto-parts). External trade surplus of vehicles reached €18.8bn in 2023.

The industry generates 9% of total employment, nearly 2 million jobs are linked to this industry.

The automotive industry invests on average an estimated €4 bn a year in expanding and modernizing plants, being one of the largest investors in R&D&I of the economy. Besides, Spanish automotive industry is one of the most attractive sectors for foreign investors. Spain was the second preferred destination in Europe for new greenfield projects of multinational companies in the last five years. (by capital expenditure data fdi markets)

89% of the vehicles and 60% of the auto-parts manufactured in Spain were exported worldwide in 2023. A total of 2,201,802 Made in Spain vehicles were exported in 2023. EU was the main destination, but with increasing exports to markets outside EU. Africa, primarily Algeria, Morocco and South Africa, USA, Mexico and Chile, Japan and UAE are relevant markets for made in Spain vehicles.

Spain is a competitive location for new projects in the automotive and mobility industry. Among its competitive advantages: solid automotive industry ecosystem, productive and flexible plants, leading international position and market access, availability of highly qualified and competitive human resources, complete supply chain and high investment in innovation.

Spanish Association of Automobile and truck manufacturers ANFAC publications and annual report 2022
SERNAUTO - Spanish Association of Automotive Suppliers. Equipment and component sector in Spain