Spain’s Top 10 Imports

Spain's Top 10 Imports

by FlagPictures.org

Spain imported US$388 billion worth of goods from around the globe in 2018, up by 10.6% from both 2014 and 2017.

Spanish imports represent 2.2% of total global imports which totaled $17.788 trillion one year prior.

From a continental perspective, 61.9% of Spain’s total imports by value in 2018 were purchased from fellow European countries. Asian trade partners supplied 20% of import sales to Spain while 8.4% worth originated from providers in Africa. Smaller percentages were sent from North America (5.2%), Latin America (4.2%) excluding Mexico but including the Caribbean, and Oceania (less than 1%) led by Australia and New Zealand.

Given Spain ‘s population of 49.3 million people, its total $388 billion in 2018 imports translates to roughly $7,900 in yearly product demand from every person in the European country.

Spain’s Top 10 Imports

Top 10

The following product groups represent the highest dollar value in Spain’s import purchases during 2018. Also shown is the percentage share each product category represents in terms of overall imports into Spain.

  1. Mineral fuels including oil: US$56.7 billion (14.6% of total imports)
  2. Vehicles: $49.7 billion (12.8%)
  3. Machinery including computers: $37.6 billion (9.7%)
  4. Electrical machinery, equipment: $29.8 billion (7.7%)
  5. Pharmaceuticals: $16.3 billion (4.2%)
  6. Plastics, plastic articles: $13.7 billion (3.5%)
  7. Organic chemicals: $11.7 billion (3%)
  8. Iron, steel: $11.7 billion (3%)
  9. Clothing, accessories (not knit or crochet): $10.9 billion (2.8%)
  10. Optical, technical, medical apparatus: $9.2 billion (2.4%)

Spain’s top 10 imports accounted for 63.7% 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 24.5% from 2017 to 2018.

In second place for improving import sales was the iron and steel metals category, up 22.2%. Spanish imports of organic chemicals racked up the third-fastest gain via its 19.4% improvement.

Pharmaceuticals finished fourth thanks to a 17.1% gain.

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.

At the more granular four-digit Harmonized Tariff System code level, Spain’s number one import product is crude oil (8.8% of total). In second place was imported cars (5.7%) followed by auto parts and accessories (4.6%), medication mixes in dosage (2.7%), petroleum gases (2.4%), refined petroleum oils (2.3%), mobile phones (1.6%), computers (1.1%) then blood fractions including antisera (1%).

Fuel

In 2018, Spanish importers spent the most on the following 10 subcategories of mineral fuels-related products.

  1. Crude oil: US$34.1 billion (up 32.8% from 2017)
  2. Petroleum gases: $9.1 billion (up 15.5%)
  3. Processed petroleum oils: $8.7 billion (up 8.3%)
  4. Coal, solid fuels made from coal: $1.6 billion (down -12.3%)
  5. Electrical energy: $1.6 billion (up 10.8%)
  6. Petroleum oil residues: $511.2 million (up 117%)
  7. Coal tar oils (high temperature distillation): $165.9 million (up 43.3%)
  8. Coke, semi-coke: $117.1 million (up 76.9%)
  9. Petroleum jelly, mineral waxes: $63.9 million (down -2.8%)
  10. Distilled tar: $60 million (up 109.3%)

Among these import subcategories, Spanish purchases of petroleum oil residues (up 117%), distilled tar (up 109.3%) and coke or semi-coke (up 76.9%) grew at the fastest pace from 2017 to 2018.

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.

Vehicles

In 2018, Spanish importers spent the most on the following 10 subcategories of vehicles.

  1. Cars: US$22.3 billion (up 10.4% from 2017)
  2. Automobile parts/accessories: $17.8 billion (up 2.9%)
  3. Trucks: $2.7 billion (up 5.3%)
  4. Tractors: $1.5 billion (up 18.8%)
  5. Motorcycles: $863 million (up 22.1%)
  6. Trailers: $504.4 million (up 14.5%)
  7. Motorcycle parts/accessories: $462 million (up 7%)
  8. Public-transport vehicles: $398.9 million (up 23.5%)
  9. Bicycles, other non-motorized cycles: $314.8 million (up 13.4%)
  10. Special purpose vehicles: $230.5 million (up 63.3%)

Among these import subcategories, Spanish purchases of special purpose vehicles (up 63.3%), public-transport vehicles (up 23.5%) then motorcycles (up 22.1%) grew at the fastest pace from 2017 to 2018.

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.

Machinery

In 2018, Spanish importers spent the most on the following 10 subcategories of machines including computers.

  1. Computers, optical readers: US$4.2 billion (up 8% from 2017)
  2. Engines (diesel): $2.4 billion (up 0.4%)
  3. Piston engines: $1.9 billion (up 21.5%)
  4. Turbo-jets: $1.9 billion (down -20.2%)
  5. Centrifuges, filters and purifiers: $1.7 billion (up 5.3%)
  6. Taps, valves, similar appliances: $1.5 billion (up 6.9%)
  7. Air or vacuum pumps: $1.5 billion (up 8.8%)
  8. Air conditioners: $1.4 billion (up 11%)
  9. Printing machinery: $1.3 billion (up 1.9%)
  10. Piston engine parts: $1.3 billion (up 25.3%)

Among these import subcategories, Spanish purchases of piston engine parts (up 25.3%), piston engines (up 21.5%) and air conditioners (up 11%) grew at the fastest pace from 2017 to 2018.

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 2018, Spanish importers spent the most on the following 10 subcategories of electronic equipment including consumer electronics.

  1. Phone system devices including smartphones: US$6.4 billion (up 21.3% from 2017)
  2. Insulated wire/cable: $3.1 billion (up 14%)
  3. TV receivers/monitors/projectors: $1.9 billion (up 7.9%)
  4. Lower-voltage switches, fuses: $1.7 billion (down -2.4%)
  5. Electrical converters/power units: $1.3 billion (up 14.8%)
  6. Electric water heaters, hair dryers: $1.1 billion (up 6.8%)
  7. Electrical/optical circuit boards, panels: $1.1 billion (down -2.5%)
  8. Electrical lighting/signaling equpment, defrosters: $925.8 million (up 3.6%)
  9. Electric motors, generators: $842.6 million (up 11.7%)
  10. Integrated circuits/microassemblies: $779.5 million (up 20.1%)

Among these import subcategories, Spanish purchases of phone system devices including smartphones (up 21.3%), integrated circuits and microassemblies (up 20.1%) then electrical converters or power units (up 14.8%) grew at the fastest pace from 2017 to 2018.

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 20, 2019

The World Factbook, Country Profiles, Central Intelligence Agency. Accessed on March 20, 2019

Trade Map, International Trade Centre. Accessed on March 20, 2019