Spain has a developed trade sector that counts for more than a half of the GDP and the import/export sector is a very important part of the economy. The most exported products are: cars and vehicle parts, refined petroleum, medicaments, delivery trucks, agricultural products and, in the top of the imported goods, there are: crude and refined petroleum, iron, steel, vehicle parts and petroleum gas.
The top export destinations for Spanish businessmen are: France, Germany, Italy, Portugal and United Kingdom, while countries such as Germany, France, China, Italy and the Netherlands are ranking high in the top of import countries.
The financial crises affected the Spanish exports that decreased from $285 billion in 2008 to $215.7 billion in 2009 and the imports followed the same trend, decreasing from $415.5 billion in 2008 to $293.2 billion in 2009. The most important import and export partners of Spain are countries from EU and the Spanish authorities approved regulations related to trade that are similar to those in the EU.
The most imported products in Spain are: fuel (19%), food (7%), machinery (6%) and motor cars (4%).
More details on the import/export activities in Spain are available below:
If you are interested in opening a company in Spain and deal with import/export activities, you may contact one of our Spanish attorneys who will help you register it and begin your economic activity.
A foreign investor who has already set up a company and wants to extend his activity in other countries, like Spain, will discover important opportunities, but it is recommended to know: the local laws related to trade before starting your expansion and our law firm in Spain may help you with information and legal assistance, the local markets and the customers’ needs.
If you choose to import goods from another EU country like Spain, a customs entry is not required because the EU countries have a special import legislation, but there are certain restrictions. For more details about the rules for importing/exporting activities in Spain, you may contact our law firm in Spain.
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