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Spain
(information)
Population as of 2020: 47 million 30 of 193
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Region: Europe
Nominal G.D.P. in 2024: $1.723 trillion
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Top Exports
Spain exported roughly **$450–470 billion in goods in 2024**, with a diversified structure combining **automobiles, machinery, chemicals, refined fuels, and agriculture (especially food and beverages)**. | Rank | Export Category | Notes | | ---- | ---------------------------------------------- | ---------------------------------------------------- | | 1 | **Vehicles (cars & parts)** | Largest export sector; major auto manufacturing hub. | | 2 | **Machinery (industrial equipment)** | Engines, industrial systems. | | 3 | **Mineral fuels (refined petroleum products)** | Spain is a refining hub. | | 4 | **Pharmaceuticals** | Strong and growing sector. | | 5 | **Electrical machinery & electronics** | Industrial and consumer electronics. | | 6 | **Chemicals (organic & inorganic)** | Large chemical industry. | | 7 | **Plastics & plastic articles** | Industrial materials. | | 8 | **Food & beverages** | Wine, olive oil, processed foods. | | 9 | **Agricultural products** | Fruits and vegetables (major EU supplier). | | 10 | **Iron & steel products** | Industrial materials. | Key individual export products (by value) | Rank | Product | Estimated Value (USD) | | ---- | ------------------------------------------------ | ------------------------------------------------------ | | 11 | **Passenger vehicles** | ~$40–60 billion | | 12 | **Motor vehicle parts & accessories** | ~$20–30 billion | | 13 | **Refined petroleum products** | ~$30–50 billion | | 14 | **Medicaments (pharmaceuticals)** | ~$20–30 billion | | 15 | **Gas turbines & engines** | ~$20–30 billion | | 16 | **Electrical equipment** | ~$20–30 billion | | 17 | **Plastics in primary forms** | ~$15–25 billion | | 18 | **Olive oil** | ~$5–10 billion (Spain is the world’s largest exporter) | | 19 | **Wine** | ~$5–10 billion | | 20 | **Fruits & vegetables (citrus, tomatoes, etc.)** | ~$15–25 billion | Key Takeaways * **Automotive leader:** Vehicles are Spain’s **#1 export**, supported by multinational manufacturing plants. * **Energy refining hub:** Spain imports crude oil and exports **refined fuels**. * **Strong agri-food sector:** Spain is a top global exporter of **olive oil, wine, fruits, and vegetables**. * **Balanced economy:** Mix of **manufacturing, energy, and agriculture**. Top Importers of Spain’s Exports | Rank | Country | Notes | | ---- | ------------------ | ----------------------------------------------------------- | | 1 | **France** | Largest partner; vehicles, machinery, food products. | | 2 | **Germany** | Cars, industrial goods, and chemicals. | | 3 | **Italy** | Machinery, vehicles, and energy products. | | 4 | **Portugal** | Close regional trade; energy, food, and manufactured goods. | | 5 | **United Kingdom** | Vehicles, agricultural products, and consumer goods. | | 6 | **United States** | Pharmaceuticals, machinery, and food exports. | | 7 | **Netherlands** | Logistics hub; fuels and re-exports. | | 8 | **Belgium** | Chemicals, pharmaceuticals, and re-export hub. | | 9 | **Morocco** | Growing partner; vehicles and industrial goods. | | 10 | **China** | Agricultural goods, machinery, and chemicals. | Key Patterns * **EU dominates heavily**: * Most of Spain’s top export partners are **European countries**, reflecting EU integration. * **France is #1**: * Strong cross-border industrial and consumer trade. * **Regional importance**: * Neighboring countries like **Portugal and Morocco** are significant partners. * **Global diversification**: * The **U.S. and China** are key non-European markets.
