Spain
On this page you will find beneficial information regarding foreign direct investment in / trading with Spain. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Parliamentary Constitutional Monarchy
Population: 47.62 million (2022)
GDP: 1.419 trillion USD (2022)
Corporate Tax Rate: 15%
Personal Income Tax Rate: 19% - 28%
Major Exports: The top exports of Spain are Cars ($33.6B), Refined Petroleum ($17.2B), Packaged Medicaments ($12.7B), Motor vehicles; parts and accessories (8701 to 8705) ($10.6B), and Vaccines, blood, antisera, toxins and cultures ($7.57B), exporting mostly to France ($65.2B), Germany ($39.2B), Portugal ($34.9B), Italy ($32.1B), and United Kingdom ($22.6B). In 2022, Spain was the world's biggest exporter of Pig Meat ($5.92B), Pure Olive Oil ($4.43B), Citrus ($3.65B), Prepared Pigments ($1.21B), and Cucumbers ($969M).
Major Imports: The top imports of Spain are Crude Petroleum ($42.6B), Petroleum Gas ($24.6B), Cars ($18.2B), Packaged Medicaments ($13.2B), and Motor vehicles; parts and accessories (8701 to 8705) ($12.8B), importing mostly from Germany ($49.7B), China ($47B), France ($46.4B), Italy ($32.8B), and United States ($29.6B). In 2022, Spain was the world's biggest importer of Tar ($201M), Electric Locomotives ($190M), Fat and Oil Residues ($180M), Other Locomotives ($152M), and Olive Oil ($114M).
Investment Agency: ICEX Spain Export and Investment
Website: https://www.icex.es/
