{"id":18546,"date":"2019-03-03T22:58:25","date_gmt":"2019-03-03T22:58:25","guid":{"rendered":"https:\/\/www.tradefinanceglobal.com\/?post_type=exports&p=18546"},"modified":"2024-08-05T12:14:20","modified_gmt":"2024-08-05T12:14:20","slug":"spain","status":"publish","type":"exports","link":"https:\/\/www.tradefinanceglobal.com\/exports\/spain\/","title":{"rendered":"Exporting to Spain"},"content":{"rendered":"\n
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\n Exporting to Spain <\/h2>\n
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Last updated on 05 Aug 2024<\/div>\n
03 Mar 2019 . 2 min read<\/div>\n <\/div>\n <\/div>\n <\/div>\n\n\n
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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
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Spain Country Profile<\/h3>\n

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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

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Imports Exports Profile<\/h3>\n

Imports ($m USD) 350,922<\/strong><\/p>\n

Number of Imports Products 4,537<\/strong><\/p>\n

Number of Imports Partners 231<\/strong><\/p>\n

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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
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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
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Competitive Industrial Performance<\/strong><\/td>32\/138
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Corruption Perceptions Index<\/strong><\/td>42\/180
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Ease of Doing Business<\/strong><\/td>30\/190
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Enabling Trade Index<\/strong><\/td>15\/136
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\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>\n\n\n

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Exporting to Spain<\/h2>\n\n\n\n

Imports in Spain are on the rise again after significant reforms were put in place after the GFC have begun to take effect. Dropping from $415.5 billion in 2008 to $292.3 billion in 2009, this had risen to $351 billion by 2014, up by 11.2% in four years. Tax reform, record employment growth and increased investment in research and development are all credited with assisting with the growth.<\/p>\n\n\n\n

Oil is the single biggest import, reflecting 20.9% of all imports followed by vehicles at 11.2%, machines, engines and pumps at 8.5% and electronic equipment at 6.9%. Of that total, 58.4% were purchased from Europe while 19.4% came from Asia and 6.2% from North America.<\/p>\n\n\n\n

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Exporting to Spain: What is trade finance?<\/h2>\n\n\n\n

Export finance is a revolving facility which alternative financiers offer \u2013 it enables organisations to purchase stock and can help ease cashflow issues.<\/p>\n\n\n\n

Typically, an alternative financier will fund most of the cost of the product, including charges (e.g. insurance costs).<\/p>\n\n\n\n

Trade finance offers added advantages over more traditional bank finance 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 stock supplies from or to other countries, then a trade finance facility would help you to fund this through offering a letter of credit or some form of cash advance.<\/p>\n\n\n\n

I\u2019m looking to export to Spain, how can Trade Finance Global help, and how does it work?
If you\u2019re looking to export stock supplies to other international markets, you may need finance for exporting, which is an agreement between you (the exporter), and the importer from overseas. A non-bank lender would advance you the cost of producing the goods that you are exporting (as a debt product), either once you have shipped the goods, or before manufacturing them. Once the importer has received the stock and pays you for the import, you will repay the advance from the export bank over an agreed period.<\/p>\n\n\n\n

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