Spain ranks second in Europe and eighth worldwide in automaking
The Spanish automotive industry represents 10% of Spain’s GDP and 18% of total exports.
From 2014 to 2019 production increased by 17.5%. In 2019, 2,822,360 vehicles were manufactured in Spain. The assembly industry generates a trade surplus of €10.6 bn.
The automotive industry generates a significant amount of employment: nearly 2 million jobs are linked to this industry, and of those, 300,000 are direct.
The industry (assembly and the automotive supplier sector) invests on average an estimated at €4 bn a year in expanding and modernizing plants. In 2019, the vehicle manufacturing industry saw €2.7 billion in investments.
In 2019, 82% of the vehicles manufactured in Spain were exported to over 100 countries. In 2019, 2,310,070 vehicles were destined for foreign markets, with nearly two million exported to EU countries, and exports to destinations outside the EU increased significantly.
Exports to Africa, primarily Algeria, Egypt, South Africa and Tunisia were up 48.5% and also increased in other destinations outside of the EU like Mexico, Brazil and Chile.