{"id":18335,"date":"2019-02-27T11:10:28","date_gmt":"2019-02-27T11:10:28","guid":{"rendered":"https:\/\/www.tradefinanceglobal.com\/?post_type=imports&p=18335"},"modified":"2024-08-05T12:11:21","modified_gmt":"2024-08-05T12:11:21","slug":"spain","status":"publish","type":"imports","link":"https:\/\/www.tradefinanceglobal.com\/imports\/spain\/","title":{"rendered":"Importing from Spain"},"content":{"rendered":"\n
\n
\n
\n
\n

\n Importing from Spain <\/h2>\n
\n
\n
Last updated on 05 Aug 2024<\/div>\n
27 Feb 2019 . 2 min read<\/div>\n <\/div>\n <\/div>\n <\/div>\n\n\n
\"\"<\/figure>\n<\/div>\n\n\n\n
\"\"<\/figure><\/div>\n<\/div>\n\n\n\n
\n
\n
\n

Spain Quick Links<\/h4>\n <\/div>\n
\n \n Importing from Spain <\/a>\n \n Exporting to Spain <\/a>\n \n Financiamiento de operaciones comerciales <\/a>\n \n Descuento comercial <\/a>\n \n Trade Finance \u2013 Spain <\/a>\n \n Invoice Finance \u2013 Spain <\/a>\n \n CESCE (Compa\u00f1\u00eda Espa\u00f1ola de Seguros de Cr\u00e9dito a la Exportaci\u00f3n) | Export Credit Agency (ECA) in Spain <\/a>\n <\/div>\n<\/div><\/div>\n\n\n\n
\n

<\/p>\n

Spain Country Profile<\/h3>\n

<\/p>\n

Official Name (Local Language) Reino de Espana<\/strong><\/p>\n

Capital Madrid<\/strong><\/p>\n

Population 48,563,476<\/strong><\/p>\n

Currency Euro<\/strong><\/p>\n

GDP $1,252 billion<\/strong><\/p>\n

Languages Spanish<\/strong><\/p>\n

Telephone Dial In 34<\/strong><\/p>\n<\/div><\/div>\n\n\n\n

\n

Spain Exports Profile<\/h3>\n

Exports ($m USD) 319,622<\/strong><\/p>\n

Number of Export Products 4,491<\/strong><\/p>\n

Number of Export Partners 228<\/strong><\/p>\n

 <\/p>\n

<\/p>\n

\"\"<\/figure>\n

<\/p>\n

<\/p>\n

<\/figure>\n

<\/p>\n<\/div><\/div>\n<\/div>\n\n\n\n

\n
\n

<\/p>\n\n\n\n

Spain Economic Statistics<\/h2>\n\n\n\n



Government Website<\/strong><\/td>		https:\/\/www.lamoncloa.gob.es\/<\/a><\/td><\/tr>
Sovereign Ratings<\/strong><\/td>https:\/\/countryeconomy.com\/ratings\/spain<\/a><\/td><\/tr>
Central Bank<\/strong><\/td>Banco de Espa\u00f1a<\/td><\/tr>
Currency USD Exchange Rate<\/strong><\/td>0.9214<\/td><\/tr>
Unemployment Rate<\/strong><\/td>19.7%<\/td><\/tr>
Population below poverty line<\/strong><\/td>21.1%<\/td><\/tr>
Inflation Rate<\/strong><\/td>-0.3%<\/td><\/tr>
Prime Lending Rate<\/strong><\/td>0.05%<\/td><\/tr>
GDP<\/strong><\/td>$1,252 billion
<\/td><\/tr>
GDP Pro Capita (PPP)<\/strong><\/td>$36,500<\/td><\/tr>
Currency Name<\/strong><\/td>Euro<\/td><\/tr>
Currency Code<\/strong><\/td>EUR<\/td><\/tr>
World Bank Classification<\/strong><\/td>High Income
<\/td><\/tr>
Competitive Industrial Performance<\/strong><\/td>32\/138
<\/td><\/tr>
Corruption Perceptions Index<\/strong><\/td>42\/180
<\/td><\/tr>
Ease of Doing Business<\/strong><\/td>30\/190
<\/td><\/tr>
Enabling Trade Index<\/strong><\/td>15\/136
<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

<\/p>\n\n\n

\n

\n Access trade, receivables and supply chain finance <\/h4>\n

We assist companies to access trade and receivables finance through our relationships with 270+ banks, funds and alternative finance houses.<\/p>\n \n Get Started<\/span>\n <\/a>\n<\/div><\/div>\n\n\n\n

<\/div>\n\n\n\n
\n

<\/p>\n\n\n\n

Importing from Spain<\/h2>\n\n\n\n

Spain is a highly agriculturally focused country and produces large crops of barley, wheat, tomatoes, olives, lemons and many other fruits and vegetables. These helped push exports to $318.6 billion in 2014, up 29.4% from 2010.<\/p>\n\n\n\n

Spain achieved a trade surplus for the first time in three decades in 2013 following a policy of reducing imports and increasing exports, while in 2015 the GDP grew by 3.2%, a rate not seen since the crisis struck in 2008. Top Spanish exports are vehicles (16.2%), machines (7.6%) and oil (7.2%).<\/p>\n\n\n\n

<\/p>\n\n\n\n

Importing from Spain: What is trade finance?<\/h2>\n\n\n\n

Trade finance is a revolving facility which alternative lenders offer \u2013 it enables firms to buy inventory and can help ease working capital problems.<\/p>\n\n\n\n

Often, a trade financier will fund most of the cost of the stock, including charges (e.g. delivery costs).<\/p>\n\n\n\n

Trade finance offers benefits over more traditional bank funding, for example, bridging mortgages or loans. Trade finance provides up front funding without affecting existing relationships with banks.<\/p>\n\n\n\n

How does it work?
If you\u2019re a firm importing or exporting products outside of your own country, then a trade finance facility would assist your company to fund this through offering a letter of credit or some form of cash advance.<\/p>\n\n\n\n

I\u2019m looking to import from Spain, how can Trade Finance Global help, and how does it work?
If you are looking to import products from other countries, you may require import finance, which is an agreement between yourself (the importer) and the foreign exporter. A alternative financier will act as the intermediary, paying the exporter on your behalf until you receive the stock and have then sold them to your buyer. Repaying the financier then occurs over an agreed period.<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n\n\n\n

\n
\n

Chart Showing GDP Growth Compared to rest of world<\/h2>\n\n\n
\n