Spain imported US$371.9 billion worth of goods from around the globe in 2019, up by 21.8% from 2015 but down by -1.1% since 2018.
Based on the average exchange rate for 2019, the euro appreciated by 0.9% against the US dollar since 2015 but declined by -5.5% from 2018 to 2019. The weaker EU currency makes Spain’s imports paid for in stronger US dollars relatively less expensive than in 2018 when converted starting from euros.
Spanish imports represent 1.9% of total global imports which totaled $19.665 trillion one year prior in 2018.
From a continental perspective, 62.1% of Spain’s total imports by value in 2019 were purchased from fellow European countries. Asian trade partners supplied 20.1% of import sales to Spain while 8.1% worth originated from providers in Africa. Smaller percentages were furnished by sellers in North America (5.8%), Latin America (3.6%) excluding Mexico but including the Caribbean, and Oceania (0.2%) led by Australia and New Zealand.
Given Spain ‘s population of 46.7 million people, its total $371.9 billion in 2019 imports translates to roughly $8,000 in yearly product demand from every person in the European country.
Spain’s Top 10 Imports
The following product groups represent the highest dollar value in Spain’s import purchases during 2019. Also shown is the percentage share each product category represents in terms of overall imports into Spain.
- Mineral fuels including oil: US$50.1 billion (13.5% of total imports)
- Vehicles: $47.1 billion (12.7%)
- Machinery including computers: $36.7 billion (9.9%)
- Electrical machinery, equipment: $30.1 billion (8.1%)
- Pharmaceuticals: $16.3 billion (4.4%)
- Plastics, plastic articles: $13.2 billion (3.5%)
- Organic chemicals: $11.9 billion (3.2%)
- Clothing, accessories (not knit or crochet): $10.9 billion (2.9%)
- Iron, steel: $10.3 billion (2.8%)
- Optical, technical, medical apparatus: $9.1 billion (2.5%)
Spain’s top 10 imports accounted for 63.4% of the overall value of its product purchases from other countries.
Organic chemicals had the fastest-growing increase in value among the top 10 import categories, up 5.3% from 2018 to 2019. In second place for improving import sales was the electrical machinery and equipment category, up 4.1%. Spanish imports of pharmaceuticals racked up the third-fastest gain via its 3.9% improvement.
Leading the decliners was the mineral fuels including oil category down -11.2% year over year.
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 (8.1% of total). In second place was imported cars (5.6%) followed by auto parts and accessories (4.5%), medication mixes in dosage (2.7%), petroleum gases (2.3%), refined petroleum oils (2.2%), mobile phones (1.7%), blood fractions including antisera (1.1%), unknit or non-crocheted women’s clothing (also 1.1%) then computers (1%).
In 2019, Spanish importers spent the most on the following 10 subcategories of mineral fuels-related products.
- Crude oil: US$30 billion (down -12.2% from 2018)
- Petroleum gases: $8.5 billion (down -7.7%)
- Processed petroleum oils: $8 billion (down -9%)
- Electrical energy: $1.1 billion (down -30.7%)
- Coal, solid fuels made from coal: $807 million (down -50.5%)
- Petroleum oil residues: $480.6 million (down -6.5%)
- Coal tar oils (high temperature distillation): $432.6 million (up 159.2%)
- Coke, semi-coke: $134.3 million (up 1.2%)
- Petroleum jelly, mineral waxes: $65.9 million (up 2.8%)
- Peat: $43.7 million (down -7.3%)
Among these import subcategories, Spanish purchases of high-temperature distilled coal tar oils (up 159.2%), petroleum jelly and mineral waxes (up 2.8%) then coke or semi-coke (up 1.2%) grew from 2018 to 2019.
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.
In 2019, Spanish importers spent the most on the following 10 subcategories of machines including computers.
- Computers, optical readers: US$3.8 billion (down -9.5% from 2018)
- Piston engines: $2.1 billion (up 15.3%)
- Engines (diesel): $2 billion (down -14.9%)
- Turbo-jets: $1.8 billion (down -6.1%)
- Centrifuges, filters and purifiers: $1.7 billion (up 0.4%)
- Taps, valves, similar appliances: $1.5 billion (up 0.9%)
- Piston engine parts: $1.4 billion (up 3.7%)
- Air conditioners: $1.4 billion (up 0.6%)
- Air or vacuum pumps: $1.3 billion (down -11.5%)
- Printing machinery: $1.2 billion (down -11.5%)
Among these import subcategories, Spanish purchases of piston engines (up 15.3%), piston engine parts (up 3.7%) then taps, valves and similar appliances (up 0.9%) grew at the fastest pace from 2018 to 2019.
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.
In 2019, Spanish importers spent the most on the following 10 subcategories of vehicles.
- Cars: US$21 billion (down -5.7% from 2018)
- Automobile parts/accessories: $16.8 billion (down -5%)
- Trucks: $2.6 billion (down -3.5%)
- Tractors: $1.4 billion (down -5.4%)
- Motorcycles: $926.5 million (up 6.9%)
- Motorcycle parts/accessories: $485 million (up 5.2%)
- Trailers: $460.1 million (down -8.8%)
- Public-transport vehicles: $356.9 million (down -10.8%)
- Bicycles, other non-motorized cycles: $265.2 million (down -15.8%)
- Special purpose vehicles: $226.5 million (down -1.9%)
Among these import subcategories, Spanish purchases of motorcycles (up 6.9%) and motorcycle parts or accessories (up 5.2%) grew from 2018 to 2019.
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.
In 2019, Spanish importers spent the most on the following 10 subcategories of electronic equipment including consumer electronics.
- Phone system devices including smartphones: US$6.2 billion (down -3.4% from 2018)
- Insulated wire/cable: $3.2 billion (up 3.9%)
- Lower-voltage switches, fuses: $1.8 billion (up 5.8%)
- TV receivers/monitors/projectors: $1.8 billion (down -9%)
- Solar power diodes/semi-conductors: $1.7 billion (up 140.8%)
- Electrical converters/power units: $1.4 billion (up 4.9%)
- Electric water heaters, hair dryers: $1.2 billion (up 3.2%)
- Electrical/optical circuit boards, panels: $1 billion (down -3.3%)
- Electrical lighting/signaling equpment, defrosters: $893.8 million (down -3.2%)
- Electric storage batteries: $836.2 million (up 8%)
Among these import subcategories, Spanish purchases of solar power diodes and semi-conductors (up 140.8%), electric storage batteries (up 8%) then lower-voltage switches or fuses (up 5.8%) grew at the fastest pace from 2018 to 2019.
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
Central Intelligence Agency, The World Factbook Country Profiles, Central Intelligence Agency. Accessed on February 19, 2020
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on February 19, 2020
Trade Map, International Trade Centre. Accessed on February 19, 2020