Spain’s Top 10 Imports

Spain's Top 10 Imports

by FlagPictures.org

Spain imported US$350.4 billion worth of goods from around the globe in 2017, up by 5.5% since 2013 accelerating to a 15.8% gain from 2016 to 2017.

Spanish imports represent 2.2% of total global imports which totaled $16.054 trillion one year prior in 2016.

From a continental perspective, 63% of Spain’s total imports by value in 2017 were purchased from fellow European countries. Asian trade partners supplied 19.2% of import sales to Spain while 7.7% worth originated from African exporters. At 5.5%, North America accounted for a smaller percentage of Spain’s total imports trailed by Latin America (excluding Mexico) plus the Caribbean at 4.2%.

Given Spain ‘s population of 49 million people, its total $350.4 billion in 2017 imports translates to roughly $7,200 in yearly product demand from every person in the country.

Spain’s Top 10 Imports

Top 10

The following product groups represent the highest dollar value in Spain’s import purchases during 2017. Also shown is the percentage share each product category represents in terms of overall imports into Spain.

At the more granular four-digit Harmonized Tariff System code level, Spain’s number one import product is crude oil followed by imported cars, auto parts and accessories, medication mixes in dosage, petroleum gases then refined petroleum oils.

  1. Vehicles: US$45.9 billion (13.1% of total imports)
  2. Mineral fuels including oil: $45.7 billion (13%)
  3. Machinery including computers: $34.6 billion (9.9%)
  4. Electrical machinery, equipment: $26.6 billion (7.6%)
  5. Pharmaceuticals: $14.4 billion (4.1%)
  6. Plastics, plastic articles: $12.3 billion (3.5%)
  7. Clothing, accessories (not knit or crochet): $10.1 billion (2.9%)
  8. Organic chemicals: $10.1 billion (2.9%)
  9. Iron, steel: $9.9 billion (2.8%)
  10. Optical, technical, medical apparatus: $8.7 billion (2.5%)

Spain’s top 10 imports accounted for 62.3% of the overall value of its product purchases from other countries.

Mineral fuels including oil had the fastest-growing increase in value among the top 10 import categories, up 39.6% from 2016 to 2017.

In second place for improving import sales was the iron and steel category, up 35.2%. Spanish imports of plastics and items made from plastic delivered the third-fastest gain up 16.3%.

Pharmaceuticals was the laggard among the top 10 Spanish imports, posting a modest 3.8% uptick.

Please note that the results listed above are at the 2-digit Harmonized Tariff System code level. Information presented under other virtual folder tabs is at the more granular 4-digit level.

Vehicles

In 2017, Spanish importers spent the most on the following 10 subcategories of vehicles:

  1. Cars: US$20.2 billion (up 10.3% from 2016)
  2. Automobile parts/accessories: $17.2 billion (up 3.4%)
  3. Trucks: $2.6 billion (up 13.9%)
  4. Tractors: $1.3 billion (down -7.4%)
  5. Motorcycles: $707.1 million (up 29.2%)
  6. Trailers: $441.6 million (down -6.4%)
  7. Motorcycle parts/accessories: $431.3 million (up 7.2%)
  8. Public-transport vehicles: $327.7 million (up 14.1%)
  9. Bicycles, other non-motorized cycles: $278.6 million (up 3.6%)
  10. Chassis fitted with engine: $171 million (up 67.1%)

Among these import subcategories, Spain’s purchases of chassis fitted with engine (up 67.1%), motorcycles (up 29.2%) and public-transport vehicles (up 14.1%) grew at the fastest pace from 2016 to 2017.

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported vehicles among Spanish businesses and consumers.

Fuel

In 2017, Spanish importers spent the most on the following 10 subcategories of mineral fuels-related products:

  1. Crude oil: US$25.7 billion (up 37% from 2016)
  2. Petroleum gases: $7.9 billion (up 18%)
  3. Processed petroleum oils: $7.9 billion (up 37.1%)
  4. Coal, solid fuels made from coal: $1.8 billion (up 97.8%)
  5. Electrical energy: $1.4 billion (up 1198.5%)
  6. Petroleum oil residues: $234 million (up 6%)
  7. Coal tar oils (high temperature distillation): $114.8 million (down -15.3%)
  8. Petroleum jelly, mineral waxes: $65.8 million (down -6.3%)
  9. Coke, semi-coke: $63.6 million (up 168.2%)
  10. Peat: $40.7 million (up 13%)

Among these import subcategories, Spain’s purchases of electrical energy (up 1,199%), coke or semi-coke (up 168.2%) and coal including solid fuels made from coal (up 97.8%) grew at the fastest pace from 2016 to 2017.

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imports related to mineral fuels among Spanish businesses and consumers.

Machinery

In 2017, Spanish importers spent the most on the following 10 subcategories of machines including computers:

  1. Computers, optical readers: US$3.9 billion (up 22.7% from 2016)
  2. Engines (diesel): $2.4 billion (up 8%)
  3. Turbo-jets: $2.3 billion (up 41.3%)
  4. Centrifuges, filters and purifiers: $1.6 billion (up 4.7%)
  5. Piston engines: $1.5 billion (down -6.7%)
  6. Taps, valves, similar appliances: $1.4 billion (up 5.9%)
  7. Air or vacuum pumps: $1.3 billion (up 3.8%)
  8. Printing machinery: $1.3 billion (up 3.6%)
  9. Air conditioners: $1.2 billion (up 3.5%)
  10. Piston engine parts: $1.1 billion (down -3.8%)

Among these import subcategories, Spain’s purchases of turbo-jets (up 41.3%), computers plus optical readers (up 22.7%) and diesel engines (up 8%) grew at the fastest pace from 2016 to 2017.

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported machinery among Spanish businesses and consumers.

Electronics

In 2017, Spanish importers spent the most on the following 10 subcategories of electronic equipment including consumer electronics:

  1. Phone system devices including smartphones: US$5.3 billion (down -1.6% from 2016)
  2. Insulated wire/cable: $2.7 billion (up 7.4%)
  3. TV receivers/monitors/projectors: $1.8 billion (up 10.7%)
  4. Lower-voltage switches, fuses: $1.7 billion (up 8%)
  5. Electrical converters/power units: $1.1 billion (up 3.5%)
  6. Electrical/optical circuit boards, panels: $1.1 billion (up 18.2%)
  7. Electric water heaters, hair dryers: $1.1 billion (up 4.5%)
  8. Electrical lighting/signaling equipment, defrosters: $890.5 million (up 3.9%)
  9. Electric motors, generators: $752.7 million (up 4.6%)
  10. Unrecorded sound media: $716 million (down -16.7%)

Among these import subcategories, Spain’s purchases of electrical, optical circuit boards and panels (up 18.2%), TV receivers, monitors and projectors (up 10.7%) and lower-voltage switches or fuses (up 8%) grew at the fastest pace from 2016 to 2017.

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported electronics among Spanish businesses and consumers.



 

See also Spain’s Top 10 Exports, Spain’s Top Trading Partners and Top EU Export Countries

Research Sources:
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on March 24, 2018

The World Factbook, Country Profiles, Central Intelligence Agency. Accessed on March 24, 2018

Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on March 24, 2018