Exporting to Spain
Top trading partner
Spain is the UK’s 7th largest trading partner and, in the year ended June 2019, total UK exports to Spain amounted to £18.1 billion, an increase of 1.4% when compared to the previous year (ONS, 2019). This highlights a demand for UK goods and services in Spain which UK businesses looking to export could benefit from.
Demand for goods and services
In the year ended June 2019, the top goods exported from the UK to Spain were cars, medicinal and pharmaceutical products, mechanical power generators, beverages and consumer manufactures (ONS, 2019). In terms of services, the top services imported by Spain from the UK were financial services, transportation, travel, business services and telecommunications, computer and information services (ONS, 2019). Therefore, if you operate in any of these industries, Spain could be a good market for you.
Ease of doing business
30th
out of 190 countries (World Bank, 2019)
Currency
Euro
Business language
Spanish
You may need a translator
GDP per capita
$30,733
UK is $42,558 (IMF, 2018)
Economic growth
2.0%
(IMF, 2019)
Time zone
GMT +1
Next steps
DIT can advise you on doing business abroad, and help put you in touch with other people who can help such as lawyers and distributors.
