Spain’s accession to the European Union (EU) in 1986 required the country to open its economy to trade and investment, modernize its industrial base, improve infrastructure, and revise economic legislation to conform to EU guidelines. While Spain does not enforce any quotas on U.S.-origin manufactured products, it still requires import documents, which are described below. Imports in Spain averaged 8978497.17 EUR Thousand from 1962 until 2020, reaching an all time high of 30249871.83 EUR Thousand in October of 2018 and a record low of 37437.04 EUR Thousand in January of 1962. The EU accounts for 72 percent of Spain's exports and 67 percent of imports, the most important trading partners being France and Germany (1998). Merchandise Trade statistics data for Spain (ESP) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. Merchandise Trade statistics for Spain (ESP) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. This page gathers information on Spain's participation in the WTO. Global Insights ... View All Export/Import Trade Partners Traded Goods (at the 2-digit HS Code level) Top 10 Export Goods. Spain shipped US$318.6 billion worth of goods around the world in 2014. Spain is now the fifth-largest economy in the EU and the fourth-largest economy in the Eurozone. Spain has been a WTO member since 1 January 1995 and a member of GATT since 29 August 1963. 2020 : U.S. trade in goods with Spain . Details may not equal totals due to rounding. Spain - Market OverviewSpain - Market Overview Discusses key economic indicators and trade statistics, which countries are dominant in the market, the U.S. market share, the political situation if relevant, the top reasons why U.S. companies should consider exporting to this country, and other issues that affect trade, e.g., terrorism, currency devaluations, trade agreements. HS Code Export USD$ (87) Motor Vehicles & Parts: $54,060,748,486 Meanwhile, trade between Latin American colonies and their metropoles was a crucial factor enabling European markets to profit from the riches of the New World and beyond. Table reflects only those months for which there was trade. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Spain's Import partners, again in descending order, Germany, France, Italy, China. The adjacent list reveals the 10 top Spanish trade partners, accounting for 62.2% of total Spanish exports. Spain and Portugal took the vanguard in building colonial societies in the Americas. although i am sure that Spain does have multilingual people it is probably safe to say that it is not language which initiates Spain's trade with its trading partners. The economy of Spain is the world's fourteenth-largest by nominal GDP as well as one of the largest in the world by purchasing power parity.The country is a member of the European Union, the Organization for Economic Co-operation and Development and the World Trade Organization. Import Authorization: (Autorización Administrativa de Importación, AAI) is used to control imports subject to quotas. Spain Trade Statistics. 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