Spain Exporter Guide 2021

Country:
Spain

Report Highlights:
In 2020, Spain imported $1.67 billion of agricultural, fish and forest products from the United States. Outside the European Union Member States, the United States was the second largest origin of Spanish agricultural and related imports after Brazil. As one of the countries most affected by the COVID-19 pandemic's first wave in 2020, Spain's Gross Domestic Product (GDP) collapsed by a historic 10.8 percent. However, Spain’s recovery is back on track and the International Monetary Fund’s (IMF) latest forecast expects 5.7 percent annual growth in 2021, followed by an even higher 6.4 percent in 2022. This offers opportunities for certain consumer-oriented food items, as well as long-term prospects for other products. This report provides guidance to U.S. companies interested in exporting high-value consumer-ready food products to Spain and includes an overview of the country's economic situation, market structure, and export requirements.

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