Products Imported from China to Spain

In the calendar year of 2023, China exported goods worth US$47 billion to Spain. Among the main exports from China to Spain were Semiconductor Devices (US$3.29 billion), Broadcasting Equipment (US$2.07 billion), Electric Batteries (US$1.81 billion), Cars (US$1.60 billion) and Trunks and Cases (US$1.07 billion). Over the span of 28 years, China’s exports to Spain have grown steadily at an annualized rate of 12.6%, rising from US$1.93 billion in 1995 to US$47 billion in 2023.

List of All Products That Were Imported from China to Spain

The table below presents a comprehensive list of all commodities that were exported from China to Spain in 2023, categorized by product types, and ranked by their trade values in US dollars.

Tips to use this table

1. Identifying High-Demand Products: Analyze the top-ranked products to identify which items have the highest trade values. These products are likely to be in high demand in the Spain market, presenting lucrative opportunities for importers and resellers.
2. Niche Market Exploration: Explore products with significant trade values that may not be commonly known. These niche products could represent untapped market segments with less competition, allowing resellers and importers to carve out a unique position in the market.

Last Updated: April, 2024

Note #1: The HS4 code, or Harmonized System 4-digit code, is part of the Harmonized Commodity Description and Coding System (HS). It’s an internationally standardized system for classifying goods in international trade.

Note #2: This table is regularly updated on an annual basis. Therefore, we encourage you to revisit frequently to access the latest information regarding trade between China and Spain.

Trade Agreements between China and Spain

China and Spain have established a robust economic relationship characterized by significant trade, investment, and bilateral cooperation in various sectors. While there isn’t a specific free trade agreement exclusively between China and Spain, their economic interactions are facilitated through broader agreements under the European Union’s framework and bilateral agreements focusing on specific areas of cooperation. Here is an overview of key aspects of the trade and economic relationship between China and Spain:

1. EU-China Trade Relations

As a member of the European Union, Spain is part of the EU’s trade agreements with China. These include:

• EU-China Comprehensive Agreement on Investment (CAI): Negotiated but not yet ratified, this agreement aims to provide a more balanced trade and investment relationship between the EU and China. For Spain, it promises enhanced access for companies in sectors such as renewable energies, financial services, and health, among others.
• EU-China Trade and Cooperation Agreements: Several agreements under the EU framework that facilitate trade in goods and services, protection of intellectual property rights, and sustainable development. These agreements directly benefit and apply to Spain, facilitating smoother trade and investment flows between Spain and China.

2. Bilateral Agreements

Over the years, China and Spain have signed various bilateral agreements to enhance specific areas of cooperation, such as:

• Tourism Cooperation Agreement: Aimed at increasing the number of Chinese tourists visiting Spain, this agreement includes provisions for cooperation in tourist promotion and investments in tourism infrastructure.
• Cultural and Educational Exchanges: These agreements promote mutual understanding through cultural exchanges, language education, and academic partnerships. They often lead to increased collaboration in higher education and research sectors.

3. Economic and Financial Dialogues

Spain and China hold regular economic and financial dialogues to discuss issues of mutual interest such as trade policies, economic reforms, and financial regulation. These dialogues help in smoothing out economic interactions and in addressing any bilateral issues that may arise.

4. Belt and Road Initiative (BRI)

Spain has shown interest in China’s Belt and Road Initiative, particularly in how Spanish companies can participate in BRI projects. Although Spain has not officially signed onto the BRI, Spanish companies are involved in various infrastructure projects related to this initiative, leveraging Spain’s expertise in sectors like engineering, renewable energy, and transportation.

5. Agricultural and Food Products Trade

Specific agreements regarding the export of Spanish agricultural and food products to China have been significant. These include protocols for exporting pork, olive oil, and wine, which are important components of Spain’s export economy. China represents a growing market for these high-quality Spanish products, facilitated by mutual sanitary and phytosanitary agreements ensuring product safety and quality standards.