International Trade in Spain

International Trade in Spain

Spain has achieved an economic leap in the last two decades and has risen to be amongst 20 of the world's most significant economies. It registered annual GDP growth rates higher than 4% between 1997 and 2000 and thereafter a growth rate that is always higher than the average in the Euro... Read more

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Market Analyses About Spain (339)

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  • International Commerce Consultant
    15+ years of work experience as Director /Consultant in the area of Business Development, Senior Management and International Commerce in...
  • OneWorld Communications

    OneWorld Communications

    Advertising, Spain

    Welcome to OneWorld Communications. We are a full-service advertising agency in San Francisco California with international...

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  • XL Group, Inc.

    XL Group, Inc.

    Sales Agents, Spain

    XL Group buys products from small & medium manufacturers and resells them overseas by partnering with importer / wholesalers and...
  • EASY GLOBAL BUSINESS SL

    EASY GLOBAL BUSINESS SL

    Sales Agents, Spain

    In Easy Global Business we help foreign companies to start selling or buying in Spain. We build work teams adjusted to our client´s...

Overview About International Trade in Spain

Main Industry Sectors

Agriculture contributes around 3% of the Spanish GDP. The country produces wheat, sugar beet, barley, tomatoes, olives, citrus fruits, grapes and cork. It is the world's largest producer of olive oil and the world's third largest producer of wine. It is the largest producer of lemons, oranges and strawberries. Spain has limited mineral resources.

The manufacturing industry is dominated by textiles, industrial food processing, iron and steel, naval machines and engineering. The new sectors such as relocation of the production of electronic components, information technology and telecommunications provide a high growth potential. In 2009, industrial production growth rate nevertheless fell by 10.2%.

Tourism represents Spain's largest source of income, having become the second tourist destination of the world and thereby stimulating export of goods and services. The tertiary sector contributes to 2/3 of the GDP.

 

Economic Overview

Spain has achieved an economic leap in the last two decades and has risen to be amongst 20 of the world's most significant economies. It registered annual GDP growth rates higher than 4% between 1997 and 2000 and thereafter a growth rate t...

News Related to International Trade in Spain

  • Untaxed work equal to 25pc of GDP in Spain - Apr 17, 2017

    Untaxed transactions in Spain have surged to equal nearly a quarter of the country's output as unemployed workers scrape a living in the black economy. The cash economy has flourished since 2008, when the collapse of a building boom hurled Spain into a double recession, a report by Treasury experts and academics said. Cash transactions carried out behind the taxman's back in 2012 hit nearly ?253bn, or 24.6pc of gross domestic product, according to the report released by GESTHA, a tax inspectors' union. That year the conservative government announced it aimed to save ?150bn over three years through spending cuts and other austerity measures that sparked mass street protests. Five years of stop-start recession have driven Spain's unemployment rate to 26pc, which has "contributed to a rise in the level of the black economy and fraud", they said. Source: The Telegraph

    Source: EYE ON SPAIN

  • Spain Wants Britain To Hand Back Gibraltar Yet No Intention Of Giving Up Morocco Enclaves - Apr 17, 2017

    Express.co.uk By Dominic Midgley It is a tiny coastal enclave, part of a foreign state, surrounded by the country that lost it hundreds of years ago. As its economy is much healthier than its neighbour, thousands of workers flock across its border every day to work. And the nation on whose land mass it sits […]

    Source: MOROCCO TOMORROW

  • Switzerland's Bell Group invests in expansion in Spain - Apr 11, 2017

    Switzerland-based meat group Bell Group is expanding its presence in Spain with the acquisition of the production plants of Spanish charcuterie specialist Nobleza Iberica in Azuaga in western Spain and a investing in the construction of a new Serrano ham facility near Madrid.

    Source: Just Food