Spain is India‘s 15th largest trading partner in the EU, with active participation in the nation's infrastructure development.
The bilateral trade between India and Spain rose to USD 6.7 bn in 2021.
India's imports from Spain valued USD 2.05 bn in 2022.
India's exports to Spain valued USD 4.72 bn for the year 2022.
The Indian diaspora in Spain is around 70,000. Out of which roughly 50,000 are NRIs.
Spain is the 16th largest investor in India with cumulative FDI being USD 3.561bn.
US$ 3,439mn
FDI inflow over April 2000 - March 2021
US$ 6.7 bn
Bilateral trade in 2021-22
Over 70000
NRIs/PIOs currently live in Spain
Concurrent Accreditation The Mission in Spain also handles India's bilateral relations with Andorra
30
Ranking in the World Bank's Ease of Doing Business 2020 list has been achieved by Spain's push into regulatory, economic reforms.
Investment
Spain has strengthened minority investor protections by clarifying ownership and control structures through effective regulations.
250+
Spanish companies in India operate in metallurgy, renewable energy, automobile, and infrastructure development, among others.
Largest
Spain has the largest rail network in OECD countries; best motorway network in EU; third in terms of air traffic passenger volume in EU.
US$130m
has been spent by Indian companies in Spain (top 30); More than 40 Indian companies are currently operating in Spain in IT, pharma, etc.
India's Exports and Imports to Spain
Source: Department of Commerce
Dated: 21/02/2023
Values in US $ Millions
Country / Region: SPAIN
S.No. | \Year | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 |
---|---|---|---|---|---|---|
1. | EXPORT | 3,995.11 | 4,182.49 | 3,945.44 | 3,238.52 | 4,725.45 |
2. | %Growth | 4.69 | -5.67 | -17.92 | 45.91 | |
3. | India’s Total Export | 303,526.16 | 330,078.09 | 313,361.04 | 291,808.48 | 422,004.40 |
4. | %Growth | 8.75 | -5.06 | -6.88 | 44.62 | |
5. | %Share | 1.32 | 1.27 | 1.26 | 1.11 | 1.12 |
6. | IMPORT | 1,663.37 | 1,680.50 | 1,613.17 | 1,511.92 | 2,052.99 |
7. | %Growth | 1.03 | -4.01 | -6.28 | 35.79 | |
8. | India’s Total Import | 465,580.99 | 514,078.42 | 474,709.28 | 394,435.88 | 613,052.05 |
9. | %Growth | 10.42 | -7.66 | -16.91 | 55.43 | |
10. | %Share | 0.36 | 0.33 | 0.34 | 0.38 | 0.33 |
11. | TOTAL TRADE | 5,658.48 | 5,862.99 | 5,558.61 | 4,750.44 | 6,778.44 |
12. | %Growth | 3.61 | -5.19 | -14.54 | 42.69 | |
13. | India’s Total Trade | 769,107.15 | 844,156.51 | 788,070.32 | 686,244.36 | 1,035,056.45 |
14. | %Growth | 9.76 | -6.64 | -12.92 | 50.83 | |
15. | %Share | 0.74 | 0.69 | 0.71 | 0.69 | 0.65 |
16. | TRADE BALANCE | 2,331.74 | 2,501.99 | 2,332.26 | 1,726.60 | 2,672.45 |
17. | India’s Trade Balance | -162,054.83 | -184,000.33 | -161,348.24 | -102,627.40 | -191,047.65 |
+34-91-503-5800, +34-91-349-7100
+34-91-566-3400
,
+91 11 66351455
+34-91-769-3741
Embassy of India Avenida Pio XII, 30-32 28016 Madrid
+34-92-224-3503
Villalba Hervas No. 1 Entlo, 38002 Santa Cruz de Tenerife
Orange juice, not frozen (excl. of 2009.19), unfermented & not cont. added … (200919)
Protein concs. & textured protein subs. (210610)
Beer made from malt (220300)
Gin & Geneva (220850)
Liqueurs & cordials (220870)
Non-alcoholic beverages other than waters of 2202.10 (not incl. fruit/veg. … (220290)
Rum & tafia (220840)
Sparkling wine of fresh grapes (220410)
Vodka (220860)
Waters, incl. min. waters & aerated waters, cont. added sugar/oth. sweeteni … (220210)
Whiskies (220830)
Wine other than sparkling wine of fresh grapes, incl. fortified; grape must with fermentation prevented/arrested by the addition of alcohol, in containters of 2 l/less (220421)
Carcasses/half-carcasses of bovine animals, fresh/chilled (020110)
CASEIN CASEIN DERIVATIVES CASEIN GLUES (350110)
Cuts & edible offal of species gallus domesticus, frozen (020714)
Edible parts of plants, prepd./presvd., whether or not cont. added sugar/ot … (200899)
Guts, bladders & stomachs of animals (other than fish), whole & pieces ther … (050400)
Hams, shoulders & cuts thereof , fresh/chilled, bone-in (020312)
Meat of bovine animals, fresh/chilled (excl. of 0201.10), bone-in (020120)
Meat of bovine animals, fresh/chilled, boneless (020130)
Meat of bovine animals, frozen, boneless (020230)
Meat of swine (excl. carcasses/half-carcasses/hams/shoulders & cuts thereof ), fresh/chilled (020319)
Meat of swine (excl. carcasses/half-carcasses/hams/shoulders & cuts thereof ), froxen (020329)
Sausages & sim. prods., of meat/meat offal/blood; food preps. based on thes … (160100)
Bread, pastry, cakes, biscuits & oth. bakers’ wares n.e.s. in ch.19, whethe … (190590)
Sugar confectionery other than chewing gum (incl. white chocolate), not con … (170490)
Sweet biscuits (190531)
Maize (corn), other than seed (100590)
Maize (corn), seed (100510)
Malt extract; oth. food preps. of flour/groats/meal/starch/malt extact [see … (190190)
OTHER BARLEY EXCL SEED (100390)
Other durum wheat excl seed (100119)
OTHER WHEAT AND MESLIN (100199)
Semi-milled/wholly milled rice, whether or not polished/glazed (100630)
Undenatured ethyl alcohol of an alcoholic strength by volume <80%vol; oth. ... (220890)
Undenatured ethyl alcohol of an alcoholic strength by volume of 80% vol. (220710)
Chocolate & oth. food preps. cont. cocoa (excl. of 1803.10-1806.10), in blo … (180620)
Chocolate & oth. food preps. cont. cocoa (excl. of 1806.20-1806.32) (180690)
Chocolate & oth. food preps. cont. cocoa, in blocks/slabs/bars, weighing 2k … (180631)
Chocolate & oth. food preps. cont. cocoa, in blocks/slabs/bars, weighing 2k … (180632)
Cocoa beans, whole/broken, raw/roasted (180100)
Cocoa paste, wholly/partly defatted (180320)
Butter (040510)
Cheese (excl. of 0406.10-0406.40) (040690)
Fresh (unripened/uncured) cheese, incl. whey cheese, & curd (040610)
Grated/powdered cheese, of all kinds (040620)
Ice cream & oth. edible ice, whether or not cont. cocoa (210500)
Milk & cream, not concentrated/sweetened, fat content by wt. >1% but not >6 … (040120)
Milk in powder/granules/oth. solid form, fat content by wt. not >1.5% (040210)
Processed cheese, not grated/powdered (040630)
Yogurt (040310)
Uncooked pasta, not stuffed/othw. prepd., not cont. eggs (190219)
agriexchange.apeda.gov.inFood preps., n.e.s. (210690)
agriexchange.apeda.gov.inFood preps., n.e.s. (210690)
agriexchange.apeda.gov.inFood preps., n.e.s. (210690)
Sauces & preps. therefor, n.e.s.; mixed condiments & mixed seasonings, n.e. … (210390)
Food preps., n.e.s. (210690)
Mixes & doughs for the preparation of bakers’ wares of 19.05 (190120)
Natural honey (040900)
OTHR EDBL MXR/PRPNS OF ANML/VEGTBL FATS/ OILS/OF FRACTNS OF DIFFRNT FATS/OILS (151790)
Preparations for infant use, put up for RS (190110)
Preparations of fruit (excl. citrus fruit; excl. homogenized), obt. by cook … (200799)
Prepared foods obt. by the swelling/roasting of cereals/cereal prods. (190410)
Prepared/presvd. preps. of fowls of the genus Gallus domesticus (excl. homo … (160232)
Sauces & preps. therefor, n.e.s.; mixed condiments & mixed seasonings, n.e. … (210390)
Apples, fresh (080810)
Asparagus, fresh/chilled (070920)
Asparagus, presvd./presvd. othw. than by vinegar/acetic acid, not frozen, o … (200560)
Avocados, fresh/dried (080440)
Bananas frsh or dried (080390)
Cranberries, bilberries & oth. fruits of the genus Vaccinium, fresh (081040)
Fruits of the genera Capsicum/Pimenta, fresh/chilled (070960)
Grapes, fresh (080610)
Guavas, Mangoes & Mangosteens, fresh/dried (080450)
Kiwifruit, fresh (081050)
Lemons (Citrus limon/limonum) & limes (Citrus aurantifolia/latifolia), fres … (080550)
Live plants, n.e.s., incl. their roots; mushroom spawn (060290)
Melons (excl. watermelons), fresh (080719)
Oranges, fresh/dried (080510)
OTHER CANE SUGAR: (170114)
Pineapples, fresh/dried (080430)
Pineapples, prepd./presvd., whether or not cont. added sugar/oth. sweetenin … (200820)
Potatoes other than seed potatoes, fresh/chilled (070190)
Potatoes, prepd./presvd. othw. than by vinegar/acetic acid, frozen, other t … (200410)
Potatoes, prepd./presvd. othw. than by vinegar/acetic acid, not frozen, oth … (200520)
Potatoes, uncooked/cooked by steaming/boiling in water, frozen (071010)
Raspberries, blackberries, mulberries & loganberries, fresh (081020)
Strawberries, fresh (081010)
Strawberries, prepd./presvd., whether or not cont. added sugar/oth. sweeten … (200880)
Sweet corn (Zea mays var. saccharata), prepd./presvd. othw. than by vinegar … (200580)
Tomatoes, fresh/chilled (070200)
Vegetable seeds, of a kind used for sowing (120991)
Vegetables, n.e.s., uncooked/cooked by steaming/boiling in water, frozen (071080)
Beans (Vigna spp., Phaseolus spp.), shelled/unshelled, fresh/chilled (070820)
Chickpeas (garbanzos), dried, shelled, whether or not skinned/split (071320)
Lentils, dried, shelled, whether or not skinned/split (071340)
agriexchange.apeda.gov.inCrustaceans; frozen, shrimps and prawns, excluding cold-water varieties, in shell or not smoked, cooked or not before or during smoking; in shell, cooked by steaming or by boiling in water (030617)
Fish preparations; tunas, skipjack and Atlantic bonito (sarda spp.), prepared or preserved whole or in pieces (but not minced) (160414)
Fish; frozen, yellowfin tunas (Thunnus albacares), excluding fillets, livers, roes, and other fish meat of heading 0304 (030342)
Molluscs; cuttle fish and squid, whether in shell or not, frozen, dried, salted, in brine, or smoked, cooked or not before or during the smoking process (030749)
Molluscs; octopus (Octopus spp.), frozen, dried, salted, in brine, or smoked, cooked or not before or during the smoking process (030759)
GROUND-NUT, NOT ROASTED OR OTHERWISE COOKED, WHETHER OR NOT SHELLED OR BROKEN-IN SHELLED WHETHER OR NOT BROKEN (120242)
Nuts (excl. ground-nuts), incl. mixts., prepd./presvd., whether or not cont … (200819)
Walnuts, in shell (080231)
Walnuts, shelled (080232)
OTHER (200599)
agriexchange.apeda.gov.in*Information subject to changes amid the global COVID-19 pandemic.
Spain has made a successful economic recovery, underpinned by strong employment growth, gains in competitiveness and favorable external and financial conditions. The current economic expansion offers an opportunity to increase the resilience of public finances, enhance job creation and ensure a more sustainable and inclusive economy.
Production engineers, engineering professionals and support technicians
The demand for production and industry engineers in Spain is increasing (with most of the jobs offers – 71% – arising from manufacturing companies. Supply seems to be insufficient. 642 thousand engineering professionals and support technicians are expected to be needed in Spain by 2025
Government job portalShortage OccupationsOccupational therapists, paediatricians and plastic surgeons
There is a limited supply of medical graduates in Spain and they are listed in the shortage occupations list
Government job portalShortage OccupationsThe tourism industry is an important economic driver in the country, accounting for about 11% of the nation’s annual GDP. As the world’s third-most popular tourist destination, Spain receives more than 75 million tourists each year
Spain's Shortage of Occupation listGovernment job portalData scientists and Big Data specialists are in demand due to advanced manufacturing practices
Government job portalShortage OccupationsManagers, directors, MBAs in finance, sales, human resources, quality, project management
Managers and directors are among the occupations forecasted to have a strong employment increase e.g. more than 704 thousand jobs are expected to be created by 2025. Supply is not sufficient to meet the existing demand for professionals – according to some recent reports managerial positions are among the most difficult-to-fill job vacancies
Spain's Shortage of Occupation listGovernment job portalHighly qualified sales professionals.
Sales agents/salespersons, both for national and/or international markets, are one of the occupations where enterprises currently identify significant difficulties in finding highly qualified professionals. Supply is insufficient to meet demand. Skills required are selling abilities, good planning and management skills, being customer-oriented, negotiation and good communication skills and, in the case of salespersons for international markets, fluency in foreign languages.
Spain's Shortage of Occupation listGovernment job portalShip refrigeration specialists, ship engine operators and mechanics, ship radio officials, pilots and officials of merchant ships, ship waiters/stewards/cooks, ship firemen, sailors and ship controllers and technicians
Vacancies in several shipping-related occupations have been identified as particularly difficult to fill
Spain's Shortage of Occupation listGovernment job portalProduction: 1.101.331,02 tons (Edges, Gravel, Crushed Stones)
Export: US$ 27,65 million (Edges, Gravel, Crushed Stones)
Production: 841,364.49 tons (Granulated Slug)
datacomex.comercio.esProduction: Clay – 7,717,768 tons
sedeaplicaciones.minetur.gob.esProduction: Steam Caol-672,878 tons, Lignite-376,250 tons, Bituminous-631,000 mt tons
energia.gob.esworld-mining-data.infoUSGS ReportProduction: 15,20,665.31 tons
datacomexProduction: Dolomite – 589,444.33 tons, Marl – 5,317,620 tons
energia.gob.esUSGS Reportdatacomex.comercio.es
Production: 7,657,896 tons
sedeaplicaciones.minetur.gob.esProduction: 2,506,614 tons
sedeaplicaciones.minetur.gob.esLead Ore:
Production: 110,193.26 tons
Limestone:
Production: 80,121,427 tons
Limestone Flux:
Production: 1,213,809.48 Tons
Marble, Travertine, Ecaussine
Production: 514.456,58 Tons
Niobium Minerals, Tantalum
Production: 10,246.36 tons
Production: 592,457,83 tons
datacomex.comercio.esSand and Gravel
Production: 35,103,958 tons
Natural Sand
Production: 537,024,15 tons
Silicon Sand
Production: 3,031,057 tons
Production: 1,403,12 tons
datacomex.comercio.esProduction: Zinc – 70,451 tons
Production: Zinc Ore – 330,823.17 tons
energia.gob.esdatacomex.comercio.esoec.worldHere are the leading sectors of opportunities for foreign investors
Siemens Gamesa (Renewable energy)
Gestamp Automoción (auto components)
Abengoa (water desalination)
Inditex (single brand retail)
Infosys (IT)
Suzlon Energy (Renewable Power)
Mahindra & Mahindra (Automobiles)
Ranbaxy Laboratories (Pharmaceuticals)
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