How About Spain Export Market in 2023?

tendata blogTrade Data

ten data blog16-04-2024

In 2023, Spain imported $470.4 billion worth of goods from the world. Compared to $499.1 billion in the same period in 2022, Spain's imports declined by -5.7%.


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Spain's Best Import Partners

The latest country-specific data show that more than two-thirds (67.4%) of Spain's imports are supplied by exporters from Germany (12.6% of Spain's total), France (10.4%), Mainland China (8.4%), Italy (7.4%), the Netherlands (6.7%), the United States of America (5.7%), Portugal (4.2%), Belgium (3.5%), and the United Kingdom (3.5%), the United Kingdom (2.4%), Poland (2.2%), Morocco (2.03%) and Turkey (1.96%).


Spain's Top 10 Imports

Spain's top 10 imports accounted for 62.7% of the total value of products purchased by Spain from other countries:

1. Fossil fuels including oil: $68.8 billion (14.6%)

2. Vehicles: $52 billion (11.1%)

3. Electrical machinery and equipment: $43.3 billion (9.2%)

4. Machinery including computers: $43.1 billion (9.2%)

5. Pharmaceuticals: $22.9 billion (4.9%)

6. Plastics, plastic products: $16.4 billion (3.5%)

7. Organic chemicals: $12.8 billion (2.7%)

8. Iron and steel: $12.8 billion (2.7%)

9. Optical, technical, medical equipment: $11.9 billion (2.5%)

10. Clothing, accessories (not knitted or crocheted): $11.1 billion (2.3%)


Among the top 10 import categories, purchases of automobiles grew the fastest, by 24.7% from 2022 to 2023. The second highest growth in import sales was in the optical, technical and medical devices product category, which grew by 16.5%. Spanish machinery imports, including computers, ranked third, with a 13.1% increase.


The worst declines among Spain's top 10 imports were in mineral fuels, including oil (down -28% from 2022), organic chemicals (down -12.2%), and then steel and metal (down -10.9%).


At the more detailed 4-digit Harmonised Tariff System (HTS) code level, the largest products imported by Spain are crude oil (7.9%), automobiles (5%), automotive parts or accessories (3.5%), liquefied petroleum gas (3.2%), medicinal mixed doses (3.1%), processed petroleum (2.5%), telephone equipment (including smartphones) (1.6%), blood components (including antisera) (1.4%), computers (including optical readers) (1%), and then insulated wire or cable (0.9%).


All in all, this most valuable group of Spanish imports represents almost one third (30.2%) of total Spanish imports in 2023.




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These three approaches for developing customers using customs data can be implemented based on the actual needs of the company and oneself. Consider the market environment, industry characteristics, strategic requirements, etc., to find a suitable method. The ultimate goal is to establish and organize a categorized archive of high-quality customers. Once you identify suitable customers, the next step is to precisely contact them through various channels, such as phone calls, emails, and online communication.


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