Spain’s Top 10 Imports

Spain's Top 10 Imports

by FlagPictures.org

Spain imported US$309.6 billion worth of goods from around the globe in 2016, up by 7.7% since 2009 and up by 1.4% from 2015 to 2016.

Spain’s top 10 imports accounted for 62% of the overall value of its product purchases from other countries.

Spanish imports represent 1.9% of total global imports which totaled $16.473 trillion one year prior in 2015.

From a continental perspective, 65.2% of Spain’s total imports by value in 2016 were purchased from European countries. Asian trade partners supplied 18.4% of import sales to Spain while 7.1% worth originated from African exporters. At 5.3%, North America accounted for a smaller percentage of Spain’s total imports.

Given Spain ‘s population of 48.6 million people, its total $309.6 billion in 2016 imports translates to roughly $6,400 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 2016. 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 petroleum followed closely by imported cars then automotive parts and accessories.

  1. Vehicles: US$42.5 billion (13.7% of total imports)
  2. Mineral fuels including oil: $32.8 billion (10.6%)
  3. Machinery including computers: $31.5 billion (10.2%)
  4. Electrical machinery, equipment: $25.1 billion (8.1%)
  5. Pharmaceuticals: $14.3 billion (4.6%)
  6. Plastics, plastic articles: $11 billion (3.5%)
  7. Clothing, accessories (not knit or crochet): $9.4 billion (3%)
  8. Organic chemicals: $9.2 billion (3%)
  9. Optical, technical, medical apparatus: $8.5 billion (2.7%)
  10. Knit or crochet clothing, accessories: $7.6 billion (2.5%)

Unknit and non-crocheted clothing had the fastest-growing increase in value among the top 10 import categories, up 50.2% for the 7-year period starting in 2009.

In second place for improving import sales was the vehicles category, up 42.8%. Spanish imports of optical, technical and medical apparatus delivered the third-fastest gain of 27.9%.

Mineral fuels including oil was the laggard among the top 10 Spanish imports, posting a -30.8% decline.

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 2016, Spanish importers spent the most on the following 10 subcategories of vehicles:

  1. Cars: US$18.2 billion (up 41.2%)
  2. Automobile parts/accessories: $16.7 billion (up 23.4%)
  3. Trucks: $2.3 billion (up 202.3%)
  4. Tractors: $1.4 billion (up 127.9%)
  5. Motorcycles: $546.9 million (up 3.2%)
  6. Trailers: $467.1 million (up 105.4%)
  7. Motorcycle parts/accessories: $400.5 million (down -11.9%)
  8. Public-transport vehicles: $285.1 million (up 382.9%)
  9. Bicycles, other non-motorized cycles: $267.5 million (up 10.7%)
  10. Special purpose vehicles: $115.3 million (down -46.5%)

Among these import subcategories, Spanish purchases of public-transport vehicles (up 382.9%), trucks (up 202.3%) and tractors (up 127.9%) grew at the fastest pace from 2009 to 2016.

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 2016, Spanish importers spent the most on the following 10 subcategories of mineral fuels-related products:

  1. Crude oil: US$18.7 billion (down -18.1%)
  2. Petroleum gases: $6.7 billion (down -38.1%)
  3. Processed petroleum oils: $5.6 billion (down -49.4%)
  4. Coal, solid fuels made from coal: $928.9 million (down -45.4%)
  5. Petroleum oil residues: $220 million (down -43.4%)
  6. Coal tar oils (high temperature distillation): $135.4 million (up 951.3%)
  7. Electrical energy: $108 million (down -73%)
  8. Petroleum jelly, mineral waxes: $70.4 million (up 42.7%)
  9. Peat: $36 million (down -7.2%)
  10. Coke, semi-coke: $23.8 million (up 14.5%)

Only three of these top product categories rose in value from 2009 to 2016: high temperature distilled coal tar oils (up 951.3%), petroleum jelly or mineral waxes (up 42.7%) and coke or semi-coke (up 14.5%) grew at the fastest pace.

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 2016, Spanish importers spent the most on the following 10 subcategories of machines including computers:

  1. Computers, optical readers: US$3.1 billion (down -19.8%)
  2. Engines (diesel): $2.2 billion (up 46.9%)
  3. Turbo-jets: $1.6 billion (up 81%)
  4. Piston engines: $1.6 billion (up 36.5%)
  5. Centrifuges, filters and purifiers: $1.6 billion (up 47.3%)
  6. Taps, valves, similar appliances: $1.3 billion (up 8.4%)
  7. Air or vacuum pumps: $1.3 billion (up 25.4%)
  8. Printing machinery: $1.3 billion (down -5.9%)
  9. Air conditioners: $1.2 billion (up 17.4%)
  10. Piston engine parts: $1.1 billion (up 4.6%)

Among these import subcategories, Spanish purchases of turbo-jets (up 81%), centrifuges, filters and purifiers (up 47.3%) and diesel engines (up 46.9%) grew at the fastest pace from 2009 to 2016.

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 2016, 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 (up 14.1%)
  2. Insulated wire/cable: $2.5 billion (up 50.2%)
  3. TV receivers/monitors/projectors: $1.6 billion (down -39.3%)
  4. Lower-voltage switches, fuses: $1.6 billion (up 23%)
  5. Electrical converters/power units: $1.1 billion (up 8.4%)
  6. Electric water heaters, hair dryers: $1 billion (up 4.2%)
  7. Electrical/optical circuit boards, panels: $916.7 million (up 160%)
  8. Electrical lighting/signaling equipment, defrosters: $857.1 million (up 141.6%)
  9. Unrecorded sound media: $856.3 million (down -8.8%)
  10. Electric motors, generators: $716.7 million (up 3.7%)

Among these import subcategories, Spanish purchases of electrical or optical circuit boards or panels (up 160%), electrical lighting or signaling equipment and defrosters (up 141.6%) and insulated wire or cable (up 50.2%) grew at the fastest pace from 2009 to 2016.

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, Highest Value Spanish Import Products and Highest Value Spanish Export Products

Research Sources:
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on March 23, 2017

The World Factbook, Country Profiles, Central Intelligence Agency. Accessed on March 23, 2017

Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on March 23, 2017