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Trade in Spain

Spain was the world’s 20th largest exporter of goods and 15th largest exporter of commercial services in 2021. Export values were $379.9 and $118.5 billion USD respectively. Spain’s top export category was manufactures, followed by agricultural products, and fuels and mining products. In 2020, Spain’s main export destination markets for goods and services trade were to France, Germany and Italy, with trade representing 60.14 per cent of GDP. In terms of imports, Spain’s import values were $419.7 and $72.6 billion USD respectively in 2021. Spain’s top import category was manufactures, followed by fuels and mining products and agricultural products. Leading import partners were Germany, China and France. Spain is a member of the European Union, which is part of 45 different Regional Trade Agreements, including with Central America, Pacific States and Eastern and Southern Africa States.
Regional Trade Agreements Database

General Information

This section includes general information on the economy, legal system, official languages and links to additional demographic information.

Official Name

Spain

Abbreviation

ES

Capital

Madrid

WTO Membership Date

1 January 1995

Legal System

civil law system with regional variations

Language

Spanish

Number of Time Zone(s)

2

Additional Information

Financial Information

This section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance.

Currency

Euro

Exchange Rate

Google Finance Currencies

GTFP Confirming Banks

Through the IFC's Global Trade Finance Program (GTFP) bank network, local financial institutions can establish working partnerships with a vast number of major international banks in the Program that can broaden access to finance and reduce cash collateral requirements. This extends and complements the capacity of banks to deliver trade finance by providing risk mitigation on a per-transaction basis in challenging markets where trade lines may be limited.
  • ABANCA (formerly Novagalicia Banco (NCG Banco) - Madrid, Spain - SWIFT: CAGLESMM

  • Banco Bilbao Vizcaya Argentaria SA - Madrid, Spain - SWIFT: BBVAESMM

  • Banco BPI SA Madrid - Madrid, Spain - SWIFT: BBPIESMM

  • Banco de Sabadell SA - Barcelona, Spain - SWIFT: BSABESBB

  • Banco do Brasil Spain - Madrid, Spain - SWIFT: BRASESMM

  • Banco Guipuzcoano - San Sebastian, Spain - SWIFT: BGUIES22

  • Banco Popular Espanol - Madrid, Spain - SWIFT: POPUESMM

  • Banco Santander SA - Madrid, Spain - SWIFT: BSCHESMM

  • Bankia SA - Madrid, Spain - SWIFT: CAHMESMM

  • Bankinter, S.A. - Madrid, Spain - SWIFT: BKBKESMM

  • BNP Paribas Spain - Madrid, Spain - SWIFT: BNPAESMS

  • BMCE Bank International (Prev.MediCapital Bank PLC)- Madrid, Spain - SWIFT: BMCEESMM

  • Caja de Ahorros del Mediterraneo - Alicante, Spain - SWIFT: CAAMES2A

  • Caja de Ahorros y Pensiones de Barcelona - Barcelona, Spain - SWIFT: CAIXESBB

  • Catalunya Banc SA - Barcelona, Spain - SWIFT: CESCESBB

  • CECA (Confederacion Espanola de Cajas de Ahorros)- Madrid, Spain - SWIFT: CECAESMM

  • Credit Agricole CIB Spain - Madrid, Spain - SWIFT: BSUIESMM

  • Deutsche Bank Sociedad Anonima Espanola - Barcelona, Spain - SWIFT: DEUTESBB

  • Europe Arab Bank Madrid - Madrid, Spain - SWIFT: ARABESMM

  • HSBC Bank PLC - Madrid, Spain - SWIFT: MIDLESMM

  • Intesa Sanpaolo Madrid - Madrid, Spain - SWIFT: BCITESMM

Contact Information

This section includes contact information for business support organizations and national resources.

Business Support Organizations

Industrial Property Offices

  • Spanish Patent and Trademark Office

  • Ministry of Industry, Trade and Tourism (OEPM)

SPS Enquiry Points

Sanitary and phytosanitary (SPS) enquiry points are government agencies designated to answer questions about trade requirements.
  • Ministerio de Industria, Comercio y Turismo
    Secretaria de Estado de Comercio
    Subdirección General de Inspección, Certificación y Asistencia Técnica de Comercio Exterior
    Phone: +(34) 91 349 37 54
    Website: https://comercio.gob.es/

    Paseo de la Castellana 162 - Planta 6

    [email protected]

TBT Enquiry Points

Technical Barriers to Trade (TBT) enquiry points are government agencies designated to answer questions about trade requirements.
  • Ministerio de Industria, Comercio y Turismo
    Secretaria de Estado de Comercio
    Subdirección General de Inspección, Certificación y Asistencia Técnica de Comercio Exterior
    Phone: +34 91 3493754
    Website: https://comercio.gob.es/

    Paseo de la Castellana, 162 - 6

    [email protected]

Additional Information

ePing alert

Links to other helpful resources

This section includes additional links to trade-related resources.

National Tariff Finder

https://taxation-customs.ec.europa.eu/customs-4/calculation-customs-duties/customs-tariff/eu-customs-tariff-taric_en

Last Reviewed: June, 2023

Businesses & Entrepreneurs

Find a concise overview of key aspects of international trade for micro, small, and medium-sized enterprises with our Businesses & Entrepreneurs Guides.

Policymakers & Researchers

Find a concise overview of key aspects of trade and MSME-related policymaking with our dedicated library of Policymakers & Researchers Guides.

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Simplify your market research with an integrated source of trade intelligence, for firms of all sizes, even the smallest. The Global Trade Helpdesk, an initiative by the International Trade Centre, the United Nations Conference on Trade and Development, and the World Trade Organization, provides market intelligence for companies looking to trade in an easy-to-use online tool.