Spain still attractive option for investment
In 2018, Spanish exports of goods rose by 2.9 per cent on the figure for 2017, amounting to a total of 285.02 billion euros, an all-time record for any given year since records began.
These were the figures for the balance of foreign trade in 2018, presented by the Minister for Industry, Trade and Tourism, Reyes Maroto, and the State Secretary for Trade, Xiana Méndez, at a press briefing. Imports also rose by 5.6 per cent to 318.86 billion euros.
In terms of the number of companies that regularly export, this rose to 51,768 organisations, 2.4 per cent up on 2017, and set a new all-time record. Furthermore, 2018 was a particularly positive year for direct foreign investment, which amounted to 34.9 billion euros in the first three quarters of the year (without including Entities Holding Foreign Securities). Hence, Spain is the eight-largest recipient of foreign investment in the world, and remains a very attractive market thanks to economic growth, trade openness, infrastructures and potential talent.
Minister Reyes Maroto positively assessed these figures since against a back-drop of uncertainty and moderation of international growth, Spain has maintained a very strong and sound foreign trade sector.