Exporting to Spain

Spain, located in Southwestern Europe with borders to France and Portugal, has a population of 46.4 million, providing a large consumer base for UK exporters to sell to (IMF, 2019). Benefits for UK exporters include Spain’s familiarity with British products, efficient transport systems and access to Latin America.

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, 2018)

Currency

Euro

Business language

Spanish

You may need a translator

GDP per capita

$30,733

UK is $42,558 (IMF, 2018)

Economic growth

2.6%

(IMF, 2018)

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.