The Treasurer’s Guide to Trade Finance

Spain

Principal exports

Machinery, motor vehicles, foodstuffs,

pharmaceuticals, medicines and consumer

goods.

Import/Export documentation

Within the EU: no documentation

requirements, but a commercial invoice is

typically included.

Outside the EU: commercial invoice, customs

declaration, bill of lading, packing list and,

sometimes, a certificate of origin.

Licences

Imports

ƒ Some imports, including clothing, textiles

and steel, from outside the EU.

ƒ There is a system of access quotas for

imports from outside the EU for products

covered by the Common Agricultural Policy.

ƒ Prior approval from the General Secretary of

Foreign Trade is required to import certain

military goods.

Exports

ƒ Goods/items that are subject to international

controls.

ƒ Prior approval from the General Secretary of

Foreign Trade is required to export certain

military goods.

Tariffs/Taxes

Imports

ƒ Tariffs on imports from outside the EU are

set according to the EU’s common customs

code, with higher rates for agricultural

imports.

ƒ Imports from developing countries are

subject to preferential rates.

Exports

ƒ None.

Financing requirements for imports/

exports

ƒ None.

Prohibited items

ƒ Imports that are prohibited in accordance

with EU regulations and UN Security Council

resolutions, such as items deemed a threat

to fauna and flora and national security.

ƒ Exports that are prohibited in accordance

with EU regulations and UN Security Council

resolutions.

Spain imports exports

Trade information

Key trading partners

Imports by origin

EU 53.8%

China 7.9%

USA 4.0%

Russian

Federation 2.6%

Algeria 1.9%

Other 29.8%

Source: WTO, September 2012

Exports by destination

EU 66.8%

USA 3.5%

Turkey 2.0%

Morocco 1.9%

Switzerland 1.8%

Other 24.0%