An open market
The Spanish market is open to overseas companies and there are no specific restrictions.
The benefits for UK exporters include Spain’s familiarity with British products, efficient transport systems and access to Latin America.
Top five UK goods exported to Spain , in the four quarters to the end of Q3 2023
| Goods | Value (£ million ) |
|---|---|
| Mechanical power generators (intermediate) | |
| Cars | |
| Unspecified goods | |
| Cereals | |
| Inorganic chemicals |
Source:
ONS Trade in goods: country-by-commodity exports
Last updated: November 2023
Download the latest trade and investment factsheet for Spain.
Top five UK services exported to Spain , in the four quarters to the end of Q1 2023
| Service | Value (£ billion ) |
|---|---|
| Transportation | |
| Travel | |
| Other Business Services | |
| Financial | |
| Telecommunications, computer and information services |
Source:
ONS UK trade in services: service type by partner country, non-seasonally adjusted
Last updated: July 2023
Download the latest trade and investment factsheet for Spain.
Total import value (into the UK from Spain) and export value (from the UK into Spain) over time
| Year | Imports (£ billion ) | Exports (£ billion ) | Total trade (£ billion ) |
|---|---|---|---|
| 2016 | 30.7 | 17.2 | 47.9 |
| 2017 | 33.2 | 18.8 | 51.9 |
| 2018 | 34.0 | 18.7 | 52.8 |
| 2019 | 36.6 | 19.4 | 56.0 |
| 2020 | 22.7 | 14.1 | 36.8 |
| 2021 | 24.2 | 13.5 | 37.7 |
| 2022 | 38.6 | 18.0 | 56.6 |
Source:
ONS UK total trade: all countries, seasonally adjusted
Last updated: October 2023
Total trade is the sum of all exports and imports over the same time period.
Download the latest trade and investment factsheet for Spain.
Spain: at a glance
Economic growth
5.5%
Actual figure (IMF, 2022)
The UK is 4.0% (IMF, 2022, actual figure)
GDP per capita
$30,134
Actual figure (IMF, 2021)
The UK is $46,422 (IMF, 2021, projected figure)
Currency
Euro
Business language
Spanish
You may need a translator
Time zone
GMT +1
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