The strong growth of Spanish exports and imports in recent years has made Spain one of the most internationalized countries in the world.
France is the largest trading partner of Spain. The volume of trade between the two countries amounts to 66.7 billion euros (37.65 billion euros of Spanish exports and 29 billion euros of French exports) during the last year, according to data from the Ministry of Economy revealed this month. This represents almost 1.3 billion euros exchanged per week. In the last decade, trade has increased by 125%.
While imports from France increased by only 0.8%, those from Spain increased by 5.7%.
In recent years, Spain has based its commercial strategy on the export of its productions. First in Europe and then outside the community borders. According to data from the Ministry of Economy, the trend is encouraging, since in the first six months of the year Spanish exports have increased by 4.9% compared to the same period last year. With 15.70% of all goods and services sold abroad, France is now the country where Spain exports most. It has dethroned Germany (10.4%) and Portugal (7.5%)
While imports from France increased by only 0.8%, those from Spain increased by 5.7%. The Spanish market share in France, therefore, goes from 5.9% to 6.2%. So Spain maintains its rank of sixth largest supplier in France. Behind are Germany, China, Belgium, Italy and the United States.
To illustrate the stage of development reached by the Spanish economy: Since 1997, the flow of Spanish investments abroad has exceeded the flow of foreign investment in Spain.
In general, the Spanish products and services most exported to France are those derived from intermediate goods and consumer goods. The economic recovery has seen a 6.2% increase in exports to the European Union, according to official Spanish data.
France is becoming the third largest investor in the country.
If the Spanish figures are confirmed, the trade balance could again be in surplus for Spain. Last year, this same balance began to lean in favor, after the years in red. French exports of goods to Spain amount to 29 billion euros, returning to their level after a sharp fall in 2009/2010.
France remains a privileged partner of Spain in terms of foreign direct investment (FDI) and is becoming the third largest investor in the country (behind the United Kingdom and the US), with nearly 4,000 established companies, which they represent 10.4% of the stock of FDI. There are also nine French organizations among the 100 most important companies in Spain by turnover.
According to the report on investment in the world 2018, Spain is the sixth recipient of foreign direct investment (FDI) flows in Europe and 17th in the world. Spanish FDI has recovered in recent years thanks to increased competitiveness and investor confidence in the country. In 2017, FDI inflows amounted to US $ 19 billion, a decrease of less than 3 percent over the previous year (less than the global trend, which had decreased by 23 percent). FDI stocks increased by 16% between 2016 and 2017 to reach 644.4 billion dollars (around 52.3% of GDP)