Spain - Foreign trade



Spain Foreign Trade 1491
Photo by: Carabay

Traditionally, exports consisted mainly of agricultural products (chiefly wine, citrus fruits, olives and olive oil, and cork) and minerals. While agricultural products and minerals remain important, they have, since the 1960s, been overtaken by industrial exports. Imports habitually exceed exports by a large margin.

Of Spain's export commodities, transport-related items make up at least 23% of the total. Fruits, nuts, and vegetables are also exported in sizable amounts. The following shows the top ten exports:

Spain

% OF COUNTRY TOTAL
Cars 15
Motor vehicle parts and accessories 5.2
Iron and steel 3.2
Refined petroleum products 3.2
Fruits and nuts 2.8
Textiles 2.6
Vegetables 2.2
Clay construction materials 1.6
Footwear 1.6
Polymers 1.4

In 2000 Spain's imports were distributed among the following categories:

Spain

Consumer goods 13.2%
Food 7.6%
Fuels 12.0%
Industrial supplies 25.9%
Machinery 19.3%
Transportation 21.5%
Other 0.5%

Principal trading partners in 2000 (in millions of US dollars) were as follows:

Spain

COUNTRY EXPORTS IMPORTS BALANCE
France 22,034 26,145 -4,111
Germany 14,023 22,731 -8,708
Portugal 10,619 4,108 6,511
Italy 9,945 13,439 -3,494
United Kingdom 9,425 10,737 -1,312
United States 5,509 8,034 -2,525
Netherlands 4,189 5,721 -1,532
Belgium 3,079 4,865 -1,786
Japan 1,115 4,423 -3,317
China (inc. Hong Kong) 498 4,304 -3,806

User Contributions:

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